SGB Update

Stein Mart Appoints Belk Exec Director of Stores

Stein Mart Inc. has appointed a former Belk Inc. executive as senior vice president and director of stores. Gary Pierce has worked for Belk since 1993, most recently as senior vice president and director of stores for its central and northern divisions…

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

R.G. Barry Profit Surges in 3Q

R.G. Barry Corp., earned $539,000, or 5 cents a share, in the first quarter, up from $123,000, or a penny a share, in the same period a year ago…

NSGA: Sporting Goods Sales Slipped 3% in 2009

In spite of a 14% surge in shooting sports equipment sales, U.S. retail sales of sporting goods (footwear, clothing and equipment), which slipped 1% in 2008, fell 3% in 2009, according to the soon to be released NSGA report “The Sporting Goods Market in 2

Red Wing Shoe Gets $261K Grant to Expand

Red Wing Shoe Co., the owner of Vasque, Irish Setter Boots, and other shoe brands, has received a $261,270 grant to expand its plant in Potosi, MO, and add 42 new full-time jobs within two years, according to the St. Louis Business Journal…

Rocky Prices Secondary Offering at $8.40 per Share

Rocky Brands, Inc. priced 1.8 million shares of common stock for its upcoming public offering at $8.40 per share. The company has granted the underwriters in the offering an option to purchase up to 270,000 additional shares of common stock at the same pr

Head USA Appoints Racing and Promotions Manager

Head USA is pleased to announce that Ben Drummond has been named Racing and Promotions Manager for the company. He will manage the newly founded Head USA race department, as well as Head's freeride team and promotional efforts…

VF Outdoor Pays $207,500 Fine to EPA

VF Outdoor, Inc. will pay $207,500 for allegedly making unsubstantiated public health claims such as providing “antimicrobial protection” and inhibiting the growth of “disease-causing bacteria” for more than 60 The North Face footw

NRF Lobbies for Fed Oversight of Debt Card Fees

The National Retail Federation today urged the Senate to approve amendments to financial services reform legislation that would direct the Federal Reserve to determine “reasonable and proportionate” transaction fees for debit cards and make it

Life is Good to Sponsor Two-Day Music Festival

Life is Good will host a two-day music festival with the goal of raising $1 million to heal and strengthen children facing life-threatening challenges, including violence, illness, and extreme poverty…

Fox Factory Sales Rise Nearly 63%

Fox Factory Inc. swung from a loss to nearly $3 million in profits in the first quarter on a nearly 63% gain in sales as OEM sales to the mountain biking and motorsports industries rebounded, according to a 10Q released by its parent company…