SGB Update

Medalist Appoints Three Rep Agencies

Medalist Performance Sports Apparel, Inc. has appointed three new manufacturer representative agencies. Sportco Marketing, Inc., The Holland Group, Inc., and National Marketing Group, will manage the growth of Medalist in multiple business categories acro

TaylorMade-adidas Golf to Cut Headcount by 70

TaylorMade-adidas Golf Company reported it will make a workforce reduction of 70 employees from across all areas of the company, a move the company said is a direct response to “today's uncertain global economic climate”…

Ruger to Repurchase 357,000 Shares

Sturm, Ruger & Company, Inc. announced that during the fourth quarter of 2008 the company repurchased 357,000 shares of its common stock for $2.4 million in the open market, including 309,000 shares repurchased in October 2008 and 48,000 shares repurchase

OneGoal’s Equipment Program Returns for Second Year

OneGoal, the nonprofit organization created to grow the sport of hockey among the newest generation of children in North America, is bringing back their equipment program for its second year. In the inaugural year of OneGoal’s equipment program, North Ame

Suunto Names New Director of Marketing

Suunto North America announces Nate Randle as their Director of Marketing. Randle will start Jan. 19, 2009 for the manufacturer of precision sports instruments…

Scott Adds to Marketing Team

SCOTT USA has added Lars-Erik Johnson to its U.S. bicycle group. He will join the bike marketing department and assist in communications, web projects and coordinating media samples. Johnson has been with ScottUSA for nearly three years as a Bike and Wint

Macys to Close 11 Stores

Macy’s, Inc. plans to close 11 of its underperforming stores. Costs associated with these 11 store closings will be approximately $65 million (of which approximately $12 million will be cash), most of which will be booked in the fourth quarter of 2008…

Russell Shuttering More Alex City Ops; Lays Off 250+

Russell Corporation announced the 'phasing out' of its fabrics operation in Alexander City, AL, and the layoff of more than 250 employees due to the “current economic conditions, in addition to increasing costs and import pressures from Asia.”..

OIA: November Outdoor Sales Slide 11%

According to most recent edition of The OIA Outdoor Topline Report, retail sales for all core outdoor stores (chain, internet, specialty) fell 11% in dollars ($407,383,909) compared to November 2007($458,334,314), the first month of overall dollar sales d

BJ’s Comps Up Slightly for December

BJ's Wholesale Club, Inc. reported total sales for December 2008 increased by 3.2% to $1.06 billion from $1.03 billion in December 2007. On a comparable club basis, sales increased by 1.6% for the month of December, including a negative impact from s

Neiman Marcus Comps Drop 27.% in December

Neiman Marcus, Inc. saw net sales for fiscal December declined 26.4% to $532 million from $723 million for the year-ago month. Comparable store revenues dropped 27.5% to $524 million from $723 million last year…

PacSun December Comps Drop 9%

Pacific Sunwear of California, Inc. saw sales for the five weeks of fiscal December ended Jan. 3, 2009 of $196.0 million, a decrease of nine percent from total PacSun sales of $214.4 million during the same period last year. PacSun same-store sales decrea

Wolverine to Acquire Cushe Footwear Brand

Wolverine World Wide, Inc. announced the acquisition of the Cushe (pronounced “cushy”) footwear brand, a move the company says will drive new global opportunities and leverage the strength of Wolverine's proven business model and operating infrastruc

The Buckle Continues Comps Run with 13.5% December Gain

The Buckle, Inc. reported a 13.5% jump in comparable store sales for fiscal December. Net sales for the five-week fiscal month ended January 3, 2009 increased 20.8% to $131.2 million from $108.5 million for the year-ago period…