SGB Update

True Love and False Idols Appoints Marketing Chief

Jim Shubin has been hired as the new VP of sales and marketing for True Love and False Idols, which recently was licensed under the La Jolla Group. Effective immediately, Shubin will report to Toby Bost and Bill Bussiere, LJG's CEO and president resp

Lubbock’s Famous Brands Closes

Famous Brands Shoes of Lubbock, TX, closed its doors in mid-December. The women's shoe store filed a liquidation petition with U.S. Bankruptcy Court in Texas…

Ping Chairman Adresses Controversy Over Wedges

Ping chairman John Solheim answered accusations that its Ping Eye 2 wedges are illegal for use on the PGA Tour. In a statement, Solheim said the PGA Tour is bound by the 1993 settlement allowing Ping Eye 2 wedges…

Zumiez Comps Climb 1.8% in January

Zumiez Inc. reported sales increased 9.2% in the four weeks ended Jan. 30, to $22.1 million from $20.3 million a year ago. Comparable store sales increased 1.8% versus a 14.8% drop in the year ago period…

Marker Völkl Group Sales Looking Up in 2010

The Marker Völkl Group is on track to increases sales in key markets this winter season, according to a statement released by the company in Europe this week between trade shows…

Sport Chalet Narrows Q3 Loss on 8.9% Sales Decline

Sport Chalet, Inc. reported sales for the third quarter decreased 8.9% to $95.3 million for the third quarter of fiscal 2010 from $104.6 million for the third quarter of fiscal 2009…

Sport Supply Q2 Sales Increase 4.4%

Sport Supply Group reported that sales increased 4.4% for its second fiscal quarter ended December 31, 2009 to $55.5 million from $53.1 million in the same year-ago period. Margins also increased 90 basis points to a 36.1% level, up from 35.2% a year ago.

Costco Names President

Costco Wholesale Corp. named Craig Jelinek president and chief operating officer, effectively immediately. Jelinek, who will join the board, was previously executive vice president in charge of merchandising, a position he held since 2004…

Sideout Gains Girls Licensee

Cherokee Inc. has entered into an exclusive agreement in the U.S. with Evy of California for Girl's 0-16 sportswear for its Sideout brand…