SGB Update

Chaco and Merrell Form Dedicated Sales Teams

Chaco and Merrell announced the reorganization of their sales forces to drive brand-specific growth and enhance service to their retail partners. As Chaco develops its 4-season offerings with closed toe footwear its need for sales support and field servic

New Balance Extends Susan G. Komen Alliance

New Balance announced that they will continue their long-term commitment to breast cancer research, awareness and prevention with a minimum donation of $500,000 to Susan G. Komen for the Cure from sales of the 2011 Lace Up for the Cure collection…

Greg Norman Parent Acquires Dunning Golf

Tharanco Lifestyles LLC, the parent of Greg Norman sportswear, announced an agreement has been reached by the company to acquire Dunning Golf. Ralph Dunning will maintain a partnership in the new entity and will continue to design the collection for the c

Everlast Launches Breast Cancer Research Campaign

Everlast Worldwide, Inc is extending its efforts to raise awareness and funds for breast cancer research through a multi-tier marketing program that offers consumers a variety of ways to get involved and join the fight against the devastating disease. Cha

Foot Locker to Donate Shoes

Foot Locker on Oct. 6 will give away 5,000 pairs of new shoes to the Fred Jordan Mission for L.A.'s Neediest Children…

Nike and and POINT 3 Basketball Settle Lawsuit

Nike Inc. and POINT 3 Basketball, LLC announced that they reached a mutually agreeable business resolution of a litigation that had been pending. The suit involved whether Nike's new Air Jordan shoes endorsed by Miami Heat superstar Dwyane Wade infri

Fila Launches Body Toning Collection Ad Campaign

Fila USA unveiled the Fall 2011 Body Toning Collection ad campaign, which features six real women from across the United States wearing the expanded fitness apparel line. This fall campaign launches the second year of Fila's national marketing and ad

JC Penney taps Target exec as its President

J. C. Penney Company Inc. announced that Michael R. Francis has been named president of the company. Francis, most recently a senior executive at Target Corporation, will report to incoming Penney Chief Executive Officer Ron Johnson…

BDO USA Survey: Retail MandA Deals to Rise on Lower Multiples

Nearly all retail CFOs expect M&A activity to increase or remain steady in the next year, according to BDO USA. LLP. On average, CFOs say they would expect to see an EBITDA (earnings before income and tax, depreciation and amortization) multiple of 6.6 fo

McNett Promotes Mathias to VP of Sales

McNett, the outdoor industry manufacturer of Gear Aid gear care and repair products, Aquamira water treatment technologies and the Outgo personal care brand, promoted Liz Mathias to vice president of sales…

Wolverine Worldwide’s Q3 Profits Climb 18.4 Percent

Wolverine Worldwide reported that it delivered double-digit growth in both revenue and earnings per share in the third quarter along with record operating margin. Revenue rose 12.9 percent to $361.6 million from the prior year, representing the fifth cons