SGB Update

Mountain Khakis Taps Noah Robertson for Sales Director

Mountain Khakis has hired Noah Robertson as Director of Sales. Most recently the National Sales Manager for the Mammut Sports Group USA Division, Robertson will create and oversee the sales initiatives for Mountain Khakis, as well as dedicate his experie

Pharrell Williams and Reebok Terminate Deal

Reebok International Ltd. and Pharrell Williams jointly announce that they have mutually agreed to end their footwear and apparel licensing relationship. In connection with the separation, Reebok will continue to sell “Ice Cream” footwear at retail throug

Margolis Lands at Limited as President of Apparel

Former Reebok president and COO Jay Margolis will join Limited Brands, Inc. as Group President, Apparel. In this role, Mr. Margolis will provide oversight for Limited Brands' apparel divisions, Express and Limited Stores. Mr. Margolis will report to

GI Joe’s Extends Wells Fargo Revolver

Norm Daniels, President and CEO of G.I. Joe's Sports and Auto Stores, announced the completion of a five-year extension of an existing agreement with Wells Fargo Retail Finance, Boston, MA, that will provide up to $42.5 million in revolving credit. T

Blacks Leisure Sees 6.2% Increase in Holicay Comps

Blacks Leisure, the retailer and wholesaler of outdoor and boardwear clothing, footwear and equipment, announces its trading performance over the Christmas and New Year period. Like-for-like retail sales in the eight weeks ended 15 January 2005 were 6.2%

Ashworth Delays Release of Fiscal 2004 10-K

Ashworth, Inc. is filing a notification with the Securities and Exchange Commission on Form 12b-25 requesting an extension of time to file its Annual Report on Form 10-K for the fiscal year ended October 31, 2004. As indicated in the Form 12b-25, the Comp

Yue Yuen 2004 Gains Reflect Strength in Sandals and Outdoor

Yue Yuen Industrial (Holdings) Limited reported that revenues for the year ended 30th September, 2004 rose 8.4% year-on-year to US$2,720 million and net profit declined 1.6% year-on-year to US$303 million for the fiscal year 2004. Earnings per share dropp

Smartwool Inks Four-Year Deal with OIA

Outdoor Industry Association announced a new multiyear relationship with SmartWool as the Title Sponsor of the Industry Breakfast and Retailer Seminar Series at the industry’s largest trade shows, Outdoor Retailer Summer and Winter Markets. SmartWool has

Vital Apparel Acquires ProMarX Specialties

Vital Apparel Group has reached agreement to purchase the assets of Promarx Specialties USA, Inc. Closing of the transaction is anticipated in early January 2005. The Promarx USA accessory line will become Vital Accessories and be marketed along with t

The Earnings (or Warnings) Season…

The confluence of a seemingly rough retail environment due to unseasonal weather patterns, pending Q4 earnings reports, and a number of investor conferences led to a number of earnings warnings, affirmations, and even some upward guidance last week. In c

NRF Forecasts 3.5% Retail Growth for 2005

The National Retail Federation (NRF) released its 2005 forecast on Monday, predicting that GAFS sales, which includes most general merchandise categories, will increase 3.5% from last year. In its quarterly Retail Sales Outlook Report, released Monday at

Vital Apparel Group Acquires ProMarX…

Vital Apparel Group has reached agreement to purchase the assets of ProMarX Specialties USA, a girls’ sports accessory company. The ProMarX accessory line will become Vital Accessories and be marketed along with the Vital Team girls’ and women’s apparel l