SGB Update

Sport-Haley Q3 Net Loss Widens

Sport-Haley, Inc. reported net sales of fashion apparel decreased 18% in the third quarter ended Sept. 30, to $2.84 million from $3.41 million. Net sales of Sport Haley apparel declined 7% to $1.46 million. Net sales of Ben Hogan apparel were down 26% to

Bookings at Western Ski Resorts Drop Sharply

Rooms booked in at western destination ski resorts fell off 22.4% last month, indicating occupancy rates for the upcoming season will be 13.3% below last year, according to research released last week. With participation a key driver of snowsports sales,

Fishing Lifts Element 21 Golf

Element 21 Golf Company, which manufactures Scandium Alloy golf and fishing equipment, generated net revenue of $555,256 for the third quarter ended Sept. 30, an increase of 323% compared to revenue of $131,131 in the year earlier period…

Perry Ellis Gets Swim Boost in Q3

Perry Ellis International's swim division revenues increased sales by 7% with gross margins ahead 237 basis points in Q3. The improvement was driven by Jantzen, Jag, and Nike's performance in swimwear, as well as the growth in accessories and co

2009 Tour de Georgia Canceled

Organizers canceled the Tour de Georgia cycling race for 2009 after failing to secure sponsorship dollars in the face of a looming state budget deficit and belt tightening by many corpoprate sponsors. The board of directors for the race, which has become

HBI to Cut Another 395 Jobs

Hanesbrands Inc., the parent of Champion and Duofold, said it will trim 210 management and corporate positions to reduce costs, and also plans to close a China Grove, NC yarn plant by the end of the year, affecting another 185 employees. Hanesbrands has a

48STRAIGHT Cancels Season

On the eve of its third season, organizers of the Jeep 48STRAIGHT winter event series have canceled the series after title sponsor and Chrysler subsidiary pulled out…

Genesco Lowers Guidance on Eroding Sales

Genesco lowered both its third and fourth quarter guidance on eroding sales in November. Same-store sales in the current month through Nov. 16 were down 9%, marked by 9% declines at Journeys Group, a 6% decline at Hat World, a decrease of 15% at Undergrou

Accell Ups Profit Guidance on Strong e-Bike Sales

Accell Group expects an increase of net profit from ordinary operations of approximately 15% for 2008 in comparison to 2007. The forecast is based on the turnover for the period up to and including October and the prospects for the last two months of the

Cannondale SG Lines Up Financing for Dealers

GE Money’s Sales Finance unit and Cannondale Sports Group (CSG) have entered a multi-year agreement to provide a consumer financing program to CSG dealers nationwide, beginning Jan. 15, 2009…

Steve and Barry’s to Liquidate

Steve & Barry's has filed for bankruptcy protection a second time, less than five months after its initial filing, with a plan to fully liquidate. According to the company's Chapter 11 petition filed late Wednesday, the 276-store retail chain sa

Intrawest Confirms Lay Offs

Ski resort operator Intrawest is laying off an undisclosed number of employees at its resorts amid reports of a big drop in advance bookings at destination ski resorts across North America. The news follows Intrawest's eleventh-hour refinancing of a

ISPO Winter Show Gets New Exhibition Group Director

Markus Hefter has taken over the position of Exhibition Group Director for ispo winter, and will be responsible for all sectors of the international sporting goods exhibition. Hefter has been working for ispo since…