SGB Update Footwear

Schutt Responds to Patent Infringement Allegations

"One has to question why an Illinois corporation, residing in California, and reconditioning in Mexico, would file a patent lawsuit in Madison, Wisconsin," says Robert Erb, President and CEO of Schutt Sports, Inc., in response to a patent infrin

OIA: Pace of Outdoor Sales Growth Continued in October

According to the Outdoor Industry Association (OIA) Outdoor Topline Report, October retail sales rose 8% in dollars compared to October 2007. All four major product categories – equipment, equipment accessories, apparel and footwear – grew in October…

G-III Lowers Guidance on Expected Discounting

G-III Apparel Group, Ltd. said net sales for the third quarter increased 29.6% to $351.6 million from $271.2 million in the comp quarter last year. Net income for the three months was $28.8 million, or $1.68 per diluted share, compared to $23.8 million, o

Kohl’s Grabs Mervyns Locations

Kohl’s Corporation prevailed in a joint bid with Forever 21, Inc. in an auction of leaseholds held last week for Mervyns sites. Together, the retailers acquired 46 locations for approximately $6.25 million. Kohl’s will assume 31 of the locations while For

Pacific Sunwear Apparel Grows as Footwear is Eliminated

Pacific Sunwear VP of Investor Relations Gar Jackson clarified the circumstances surrounding Division President Thomas M. Kennedy’s recent resignation during the Pacific Sunwear presentation at the Wedbush Morgan Securities California Dreamin’ Management

Season Pass Sales Soar, Bookings Dive at Vail Resorts

Vail Resorts, Inc said last week that its season pass sales were up 29% from the same time last year, but that advance bookings at its mountain resorts were off 23%. The company said that if bookings don’t improve it will have to lower its guidance for th

Kohl’s Acquires 31 Mervyns Locations

Kohl’s Corporation prevailed in a joint bid with Forever 21, Inc. in an auction of leaseholds held yesterday for Mervyns sites. Together, the retailers acquired 46 locations for approximately $6.25 million. Kohl’s will assume 31 of the locations while For

Callaway Brings Back Trade-In Program

Callaway Golf has reintroduced its Trade In! Trade Up! program. The program allows consumers to exchange their old, used Callaway Golf or other major brand clubs for a credit toward the purchase of the latest Callaway Golf equipment…

Innsbruck to Host First Youth Olympic Winter Games in 2012

Innsbruck, Austria will host the 1st Winter Youth Olympic Games in 2012. Innsbruck beat Kuopio, Finland in the final by 84 votes to 15. Following the 1st Summer Youth Olympic Games in Singapore in 2010, Innsbruck will be responsible for staging the 1st Wi

NOAA Issues Fines for Illegal Florida Spearfishing Charters

Natinal Oceanic and Atmospheric Administration (NOAA) has charged two dive business owners in Pensacola, Fla., with illegally operating spearfishing charters without the appropriate permits in federal waters off the Florida panhandle….

Survey: A Third of Major Retailers Cut Holiday Ad Spend

One-third (32%) of chief marketing officers (CMOs) at leading U.S. retailers state that their holiday marketing and advertising budgets have been reduced this season, according to a survey conducted in October by the accounting and consulting firm BDO Sei

Johnson Outdoors Whipsawed by Tough Economy

Johnson Outdoors has suspended dividend payments and will double its cost cutting efforts to prepare for a tough 2009 in the wake of a $51.7 million fourth quarter operating loss…