SGB Update Footwear
New Balance Promotes Preston to EVP – Int’l
New Balance has promoted Joe Preston to executive vice president, international. Preston, a New Balance associate since 1995, began his New Balance career as Senior Product Manager – Running and Custom Products, before moving on to lead the Dunham brand i
Virginia’s AandN Stores To Close
A&N Stores Inc., the athletic footwear and sportswear retailer, plans to close all 48 of its stores in Virginia after nearly 140 years of operation. The company, based in Richmond, blamed increased competition from big-box retailers, slowing sales and cha
Masback Leaves USATF for Nike
Craig Masback, CEO of USA Track & Field for the last 10 years, will become director of business affairs for Nike's Global Sports Marketing Division. Masback will make the move over the next few months…
Forzani Holiday Sales Jump on Athlete’s World Acquisition, Promotions
The Forzani Group Ltd. reported that total sales for the ten week Holiday period increased 21.3% versus the same period in 2006. Sales were buoyed by the acquired Athlete's World business as, without those sales, total retail system sales were up 14.
Stein Mart Records 5.7% Decrease in December Comps
Stein Mart, Inc. net sales declined 9.2% for fiscal December to $196.3 million from $216.3 million in the year-ago month. The company reported a corresponding decrease in comparable store sales of 5.7%…
BJ’s Sees December Comps Increase 3.0%
BJ’s Wholesale Club, Inc. recorded a 6.2% increase in fiscal December net sales to $1.03 billion from $971.8 million in December 2006. On a comparable club basis, sales increased by 3.0% for the month of December, including a contribution from sales of ga
Macy’s December Sales Weaker Than Expected
Macy's, Inc. said its same store sales fell 7.9% on a 7.4% decline in net sales for the five weeks ended Jan. 5. The comp results were below guidance of -4% to -7%, but Macy's said its same-store sales were down only 1.1% for the combined Novemb
TJX Co.’s December Comps Increase 3.0%
The TJX Companies, Inc. reported December sales grew 6.0% to $2.5 billion from $2.3 billion for the year-ago month. For the 48 week, year-to-date period, sales reached $17.5 billion, a 7% increase over last year’s $16.4 billion. Consolidated comparable st
J.C. Penney Sees December Comps Decline 7.5%
J. C. Penney Company, Inc. comparable department store sales decreased 7.5% for fiscal December, compared with guidance for a mid-single digit decrease and a 2.6% increase in last year’s December period. Total department store sales decreased 4.5% for the
Cannondale Recalls Some Scalpel Bikes
Cannondale Bicycle Corp. has recalled 150 of its 2008 Scalpel models – priced from $3,200 to $4,300 – because of reports that the carbon fiber and aluminum frames are breaking. Cannondale and CPSC said they’ve received six reports of breaking frames. No i
Conservation Group Buys 1,200-acre Wapack Wilderness
A conervation group has acquired the 1,200-acre Wapack Wilderness in New Hampshire from a private boarding school. The Northeast Wilderness Trust is now trying to acquire 200 adjacent acres. The area will be managed as wild forest and provide access to th
Ogio Adds Six Reps to Golf Sales Force
Ogio has added six new sales representatives to its Golf sales force. Tom Plungis will cover Arizona, New Mexico, and Las Vegas territories; Brian Sparrow, North and South Carolina; Mack Carneal, western and central Florida; Hunter Martin, Virginia, Delaw
Extreme to Sell Licensed Product in Europe
Extreme Group, developer of the Extreme Sports Channel and owner of production and distribution company Debut Sport, said it signed a five-year European licensing deal to create and distribute a range of high quality outdoor sports products and equipment.
VF Corp. Increases Targets for Growth; Raises 2008 Guidance
VF Corporation is raising its long-term revenue, operating margin and earnings per share growth targets. The company said in a release that its new targets reflect the company’s confidence in its vision and strategies, which have been designed to drive s
La Jolla Names New Executives
La Jolla Group promoted Erik Forsell to the position of vice president of brand development and Bill Gage to vice president of sales and marketing for Metal Mulisha.Forsell and Gage, who will report to CEO Toby Bost, will be based out of the La Jolla Grou
