SGB Update

Wal-Mart December Comps Increase 2.3%

Wal-Mart Stores, Inc. reported net sales for the five-week period ending January 3, 2003, of $31.584 bn, an increase of 9.5% over the $28.844 bn in the similar period in the prior year…

Tommy Hilfiger Launches Apparel in Korea

Tommy Hilfiger Licensing, Inc. announced a new retail licensing agreement with SK Global Co., Ltd. for the distribution of Tommy Hilfiger products in South Korea…

Gander Mountain December Comps Jump 9.8%

Gander Mountain reported a 10.6% increase in comparable store sales for the months of November and December. November sales increased by 9.8%, while December sales saw a gain of 11.1%…

Forzani Corp. Stores Take December Comp Dip

The Forzani Group Ltd. announced total retail system sales were up 7.5% over the prior year. Corporate comparable store sales decreased 5.3%, while franchise comparable store sales increased 9.7% for the Christmas selling season…

Columbia, Sorel Prevail in Canadian Footwear Anti-Dumping Case

Columbia Sportswear Company announced that it prevailed in an anti-dumping case filed against Columbia and its subsidiary Sorel by the domestic Canadian footwear industry for the sale of rubber bottomed, cold weather footwear in the Canadian market. As a

Copeland’s Sports Sold to New York Firm

Bruckmann, Rosser, Sherrill and Co., a private equity firm based in New York, has bought a controlling interest in CA-based Copeland's Sports. Terms of the deal were not released. BRS portfolio companies include Au Bon Pain, California Pizza Kitche

Russell Acquires Jagged Edge Outdoor Company

Jagged Edge, a mountain clothing company founded in Telluride in 1991, has been acquired by Russell Corp. Jagged Edge, now located in Moab, Utah, has retail stores in Telluride, Breckenridge and Crested Butte…

Golf Galaxy Names McCormick CMO

Golf Galaxy, Inc., the Everything for the Game(TM) golf retailer announced that Mick McCormick has joined the company as Chief Marketing Officer…

Reebok Goes “DOH” in Classic Campaign…

Just when you think the brand finally has its message right. Right when retailers are starting to feel like the brand might mean something again to the trend-setting urban male. Someone comes up with a campaign that makes even the most loyal Reebok supp

Jordan Passes the Torch — and Shoes — to McGrady…

In an odd twist in the ongoing sneaker wars, it was reported that adidas’ new basketball pitchman Tracy “T-Mac” McGrady was grinning from ear-to ear after Michael Jordan handed him his shoes after McGrady’s Orlando Magic team beat Jordan’s Wizards in last

Honest – It Was the Weather…

Blaming poor retail sales on lackluster scooter sales and the post-9/11 trauma has faded, but one retailer has found a brand new culprit for their sluggish December – El Nino…

Everlast Suit Claimant Files Appeal…

The claimant in a $49 million lawsuit against on Everlast Worldwide, Inc. filed an appeal Tuesday after the New York Supreme Court dismissed the original suit…