SGB Update

JJB Says Turnaround Could Take Years as Losses Widen

JJB Sports, the U.K. sporting goods chain, warned that it would take as long as five years to turn around its business as it reported its losses widened in the last year. Pre-tax losses in its year ended Jan. 30 ballooned to 181.4 million pounds ($293.2 m

Brown Shoe’s Earnings Slide in First Quarter

Brown Shoe Company, Inc. reported its first quarter sales rose 4.5 percent to $624.6 million from $597.7 million a year ago, reflecting the acquisition of American Sporting Goods. Famous Footwear's comps were down 3.9 percent. On an adjusted basis, n

Haiku by Sharon Eisenhauer, Inc. Moves HQ, Outsources Fulfillment

Haiku by Sharon Eisenhauer, Inc., which makes handbags and other functional accessories for women, is relocating its offices from Oakland to Berkeley, CA. and outsourcing distribution to Planet Access Company near Chicago, Ill to accommodate growth. The c

Chinese Seize 72,000 Pair of Counterfeit Teva Sandals in Xiamen

Deckers Outdoor Corp. confirmed that customs officials in the port city of Xiamen, China seized 36,720 pairs of counterfeit Teva sport sandals with a value of RMB 216,100 ($33,280). A day after asking officials to detain the batch, customer officials seiz

Derby Cycle Sales Rise 40.3 Percent in First Half

German bike maker Derby Cycle said its sales outside Europe rose 171.9 percent to €3.9 million ($5.3mm) in the first half of 2010/2011 due largely to sales by its U.S. subsidiary. Overall revenues rose 40.3 percent to €114.4 million ($156.0mm)

Invista to Invest $100M in Brazilian Lycra Plant

Invista is investing more than $100 million in a new Lycra fiber production plant in Paulínia, São Paulo State in Brazil. Construction for the expansion project will begin immediately, with an expected opening in late 2012…

Tennessee Lawmakers Look to Lure Outfitters with Bill

Lawmakers in Tennessee have introduced the Tennessee Adventure Tourism and Rural Development Act of 2011 to encourage the development of adventure tourism in rural areas suffering high unemployment…

Western Ski Resorts Continue to Post Solid Occupancy Gains

Overall occupancy at major western mountain resorts finished up 5.7 percent this winter compared to last season, capping off a near record year for the snowsports industry in terms of lodging occupancy, skier visits and retail sales, according to Mountain

Warrior Hockey Reorganizes, Acquires Smith Hockey

Warrior Hockey, which is owned by New Balance, announced a significant restructuring of its global product development organization and the acquisition of Smith Hockey Company, Inc. of Brockport, N.Y…