SGB Update

Nordstrom’s Profits Soar in Q1

Nordstrom, Inc.'s earnings climb 43.8% in the first quarter to $116 million, or 52 cents per diluted share, from $81 million, or 37 cents per diluted share, for the same quarter last year. First quarter same-store sales increased 12.0% compared with

FOX Racing Shox Hires Nike Exec as First CMO

FOX Racing Shox has hired former Nike GM Paul Fidrych as its first Chief Marketing Officer. The new CMO role has been created to expand the company’s marketing support for its mountain bike, powered sports and…

Kohl’s Profit Jumps 45%

Kohl's Inc. reported a first-quarter profit of $199 million, or 64 cents a share, up from $137 million, or 45 cents, a year earlier. Revenue rose 11% to $4.04 billion from $3.64 billion last year…

TNF Rolls Out PlanetExplore to Midwest

The North Face today has rolled out PlanetExplore, a new online resource for outdoor recreational activities, in the Midwest, starting in Chicago and Minneapolis/St. Paul. Created by The North Face, PlanetExplore is an online community designed to help in

Macy’s Returns to Profitability in Q1

Macy's, Inc. reported first quarter 2010 earnings per diluted share of 5 cents. This compares with a loss of 16 cents per diluted share, excluding restructuring charges, in the first quarter last year…

Skechers Launches Leather Accessories Collection

Skechers USA, Inc. signed a licensing agreement with French Craft Leather Goods Co., Inc. to design, produce and distribute a Skechers-branded line of leather goods and accessories for men, women and kids. The new line of belts, buckles and wallets will h

RECALL: Rome Snowboards Bindings

About 2,900 boot bindings from Rome Snowboards are being recalled due to a fall hazard. The base plate on the bindings can break at cold temperatures, creating a risk to the snowboarder, the U.S. Consumer Product Safety Commission said in a statement…

SGMA and NSGA Pledge Closer Cooperation

The Sporting Goods Manufacturers Association (SGMA) and the National Sporting Goods Association (NSGA) are having substantive discussions about working together on projects and initiatives that will benefit the membership of both organizations…

Lululemon athletica Boosts Stake in Australian Venture

Lululemon athletica inc. increased its equity interest in its Australian joint venture partner, New Harbour Yoga Pty Ltd., from 13% to 80.3%. The deal marks lululemon's increasing commitment to the market where it operates nine stores and four showro