SGB Update

Stride Rite Down on Weak Canvas Biz…

The weather-inflicted declines in sandals appear to have hit another key category this spring – canvas. Stride Rite reported fiscal second quarter numbers for its canvas product impacted the sales and profits for the company across all brands, nearly era

Pacific Sunwear Appoints Outlet Head

Pacific Sunwear of California Inc. announced the appointment of Bill Rosenbaum to the newly created position of vice president/GMM Outlet. Rosenbaum was formerly PacSun's VP/GMM of Young Men's and has been with the company since April of 2000…

adidas Makes Moves in Europe…

adidas-Salomon has signed a far-reaching partnership deal with sporting goods retailing powerhouse Intersport. The specific terms of the four-year agreement with the operator of over 4,500 retail doors were not revealed. Intersport reportedly produced €

Goody’s Settles with Hilfiger in Trademark Suit

Goody's Family Clothing, Inc. has reached a settlement agreement with Tommy Hilfiger resolving all outstanding issues arising out of the previously disclosed action brought by Tommy Hilfiger against Goody's…

…and China…

Since 1979 adidas has been the main sponsor of the Chinese World Cup Football development program, and on June 26th they signed a deal that continued this support until 2010.
While adidas did not release any financial information, they did state that thi

Kmart Files to Recover $49 Million From Vendor

Kmart Holding Corporation confirms that it has filed a complaint in U.S. Bankruptcy Court for the Northern District of Illinois against Handleman Company to recover the $49 million critical vendor payment Kmart paid to Handleman at the outset of Kmart&#03

Johnson Outdoors to Replace Head of Diving Unit

Johnson Outdoors Inc. is conducting a worldwide search for a new head for the company's Global Diving business based in France, following the departure of Mr. Mamdouh Ashour from the company. The unit manufactures and markets diving equipment and in

Elder-Beerman Acquired by Investment Group

The Elder-Beerman Stores Corp. announced Thursday that it has entered into a definitive merger agreement providing for the sale of the company to Wright Holdings, Inc., a company formed by Goldner Hawn Johnson & Morrison Incorporated. The merger agreement

Nike Breaks $10 Billion Barrier in Fiscal Year; Profits Up 13%

NIKE, Inc. reported Q4 revenues increased 11% to $3.0 bn, versus $2.7 bn for the same period last year. Fourth quarter net income jumped 18.1% to $246.2 million, or $0.92 per diluted share, compared to Q4 2002. Full year revenues increased 8.0% to $10.7

West Marine Warns On Q2 Earnings; Reaffirms on Q3, Q4

West Marine, Inc. announced Thursday that sales for the second quarter would be approximately $232 million to $233 million. Comparable stores sales for the quarter are estimated to decrease by approximately 4.5% to 4.7%. WMAR now expects to earn between

Nike Issues Statement on High Court Ruling

The U.S. Supreme Court today dismissed on technical grounds a case in which Nike was seeking to reaffirm the First Amendment right to free and open debate. Nike had challenged in the High Court a California state court ruling that adopted a legal standa

Next, Inc. to Acquire Kid’s Licensed Products Company

Next Inc. has announced an agreement to acquire the business of Lil Fan and affiliates, a privately held sales and marketing company located in Noblesville, Indiana. NEXT anticipates that Lil Fan will generate revenue of approximately $5 million for the

Kmart Sourcing Chief Resigns

Kmart Holding Corporation announced Tuesday that William D. Underwood, Executive Vice President, Sourcing and Global Operations, resigned from the Company, effective immediately…

REI to Offer Store Pick-up for Online Orders

Recreational Equipment, Inc. has launched its first REI Store Pickup service for online orders. Customers placing orders through REI.com or REI-OUTLET.com now have the
option of picking them up at any REI store free of shipping charges…

adidas-Salomon and Intersport in Strategic Agreement

adidas-Salomon and the INTERSPORT International Corporation (IIC) announced Tuesday the signing of a four-year strategic agreement that lays a strong foundation for future business strategies and strengthens the selling and distribution process of both gr