SGB Update Footwear
Neiman-Marcus Recors Slight Rise in March Comps
Neiman Marcus, Inc. reported comparable store sales rose 0.4% to $425 million for fiscal March. Overall net sales increased 1.8% to $430 million for the month from $423 million last year. In the five-week March period, comparable revenues in the Specialty
TJX Sales up 2%, Sees Signs of Improvement
The TJX Companies, Inc. reported that sales for the five-week period ended April 5, 2008 rose 2% while consolidated comparable store sales were flat versus last year. The company said inventories were in excellent shape and that it has begun to see a pick
NSGA: Volleyball Only Team Sport to Grow in 2007
According to the National Sporting Goods Association, exercise walking remained the most popular sport in 2007 in terms of participation as it grew 2.7%, a position it has held since 1990. Data contained in NSGA’s annual “Sports Participation – Series I a
USSA Volunteer “Sos” Sossman Dies
One of the U.S. Ski and Snowboard Association's (USSA) most recognized volunteers, Dr. J. Leland “Sos” Sosman, passed away April 3 at the age of 87 at his Concord, MA home. A radiologist by trade, Sos dedicated much of his life to serving as a USSA a
Dick’s Helps Recruit New Fishermen
The Recreational Boating & Fishing Foundation (RBFF) and Dick's Sporting Goods, Inc. have partnered to promote Anglers’ Legacy, a program that encourages avid anglers to share their love of boating and fishing, and introduce a newcomer to the sport.
Trek Sues to Terminate LeMond Licensing Agreement
Trek Bicycle Corporation has filed suit in federal court in Madison, Wisc. to sever its 13-year relationship with three-time Tour de France winner Greg LeMond. Trek's suit against LeMond asks that the relationship be terminated due to multiple breach
Report:: Burton Lays Off 30
Burton Snowboards reportedly let go of approximately 30 employees company wide, according to a report on the website of Transworld Business. Sources told the trade magazine that the company has eliminated The Syndicate staff on the West Coast, as well as
REI to Open in Westminster, Colo.
Recreational Equipment, Inc. plans to open a new store in Westminster, Colo. at The Orchard Town Center in the spring of 2009. Westminster will be the eighth REI location in Colorado. The co-op currently has more than 237,000 active REI members in the Den
Under Armour to Sponsor the University of Utah
Under Armour, Inc. and The University of Utah announced a multi-faceted five-year partnership that designates Under Armour as the official performance apparel and footwear outfitter for the University of Utah football team. Under Armour will supply Utah&#
Nation’s Best Sports Partners with GE
Nation's Best Sports announced a multi-year agreement to provide the GE Money Sport Finance program through more than 1,000 retail locations throughout the U.S. and Canada. The consumer credit program, managed by GE Money's Sales Finance unit, e
Sports Belle Recovering After Fire…
Sports Belle Inc., the sports uniform supplier based in Knoxville, Tenn., is recovering after a fire on March 16 destroyed its headquarters and main factory in Knoxville. The facility employed 50 people…
Vietnam Nike Factory Remains Closed…
A strike at a Nike factory in Vietnam closed down the plant last week after a pay dispute led to a walkout by as many as 20,000 workers. Workers at the Taiwanese-owned factory went on strike last Monday at the Ching Luh factory in southern Long An provinc
Broder Bros. Records Loss on One-Time Charges…
Broder Bros., Co. reported net sales in the fourth quarter decreased 3.4% to $232.7 million compared to $240.9 million a year ago. The company’s Broder division generated fourth quarter 2007 net sales of $90.0 million, down 8.2% from $98.0 million in the
Win Hanverky Ties 2008 Growth Plans to China Market…
Hong Kong-based apparel maker, distributor and retailer Win Hanverky is shifting its focus away from a stagnant U.S. economy and toward China’s booming domestic market in 2008…
Shoe Pavilion Logs $16.3M Loss for 2007
Shoe Pavilion reported in a filing with the SEC that net sales for 2007 increased 18.2% to $152.6 million from $129.1 million. The growth reflected increased sales of $7.6 million generated from 15 new stores opened in fiscal year 2007 and a comparable st
