SGB Update Sports & Fitness
Deloitte Consumer Spending Index Ticks Downward in August
The Deloitte Consumer Spending Index (Index) moved down slightly in August. The Index tracks consumer cash flow as an indicator of future consumer spending…
FTC Proposes Changes to Wool Products Labeling Rules
The Federal Trade Commission is seeking public comment on proposed changes to its Wool Products Labeling Rules as part of its systematic review of all current FTC rules and guides…
Sports Direct Added to FTSE 100 After Another Impressive Quarter
The UK's largest sporting goods retailer worked its way into the FTSE 100 Index last week after reporting gross margins grew 23.2 percent in the quarter ended July 28…
Nathan Makes Inc.’s 500|5000 List of Fastest Growers
Nathan, the maker of hydration, visibility, and other performance gear, announced that it has been named to the 2013 Inc. 500|5000 list, an elite ranking of the nation’s fastest-growing private companies…
Sporting Goods, Hobby, Book and Music Store Sales Decline in August
Sporting goods, hobby, book and music stores’ sales decreased 0.5 percent to $8.57 billion in August compared to July on a seasonally-adjusted basis, but were up 3.4 percent from August, 2012 on an unadjusted basis, according to latest advance esti
Sof Sole Complements Famous Footwear BTS Donation to Salvation Army
In August, Famous Footwear provided more than 100 pairs of the season’s shoe styles for kids through The Salvation Army – Greater New York Division. Sof Sole recently supplemented that donation by sending 130 pairs of socks in corresponding sizes…
Lululemon’s Q2 Earnings Dip, Lowers Full Year Guidance
Lululemon Athletica Inc. reported second-quarter earnings dipped 1.8 percent to $56.5 million, or 39 cents a share, largely due to a higher tax rate. Earnings exceeded a forecast given in June but the yoga-inspired chain still lowered its guidance for the
New Era’s Chris Koch Named 2013 Buffalo Niagara Executive of the Year
Christopher H. Koch, CEO of New Era Cap Co., has been named the 2013 Buffalo Niagara Executive of the Year by the University at Buffalo School of Management…
Mainland China’s Middle Class Warming to Suburban Shopping Venues
China’s middle-class is spending more of their leisure time traveling and beginning to patronize suburban retail venues outside central business districts, according to a new survey from the Honk Kong Trade Development Council…
Footwear Groups Partner to Boost Voice in Washington D.C.
The National Shoe Retailers Association (NSRA) and the Footwear Distributors and Retailers of America (FDRA) announced the establishment of a strategic partnership designed to enhance the voice of independent footwear retailers in Washington. As part of
U.K. Retail Comps Up Slightly in August
UK retail sales values were up 1.8 percent on a like-for-like basis in August 2013 from August 2012, when they had decreased 0.4 percent on the preceding year. On a total basis, sales were up 3.6 percent, against a 1.6 percent increase in August 2012, acc
Report: KKR, Sycamore Considering Joint Bid for Jones Group
Private-equity firms KKR & Co LP and Sycamore Partners are considering a joint bid for Jones Group, the parent of Nine West, the Wall Street Journal reported. In July, Jones Group hired Citigroup Inc to explore a potential sale of parts or all of the comp
Divers Direct Opens Coral Gables Store
Divers Direct announced the grand opening of its newest store in the heart of Coral Gables, FL. The company now has six stores in Florida…
OIA VantagePoint: Footwear Disappoints Again in August
Sales of outdoor products increased 2.9 percent in fiscal August to $868.2 million, according to the latest monthly sales report from OIA VantagePoint™. As in fiscal July, Outdoor Hardgoods and Apparel posted solid sales growth, while Footwear struggled.
Canadian Tire Looks to Raise C$263M through REIT
Canadian Tire expects to raise Canadian $263.5 million ($255.6 mm) through listing of a real estate investment trust that will hold its retail properties. CT Real Estate Investment Trust plans to offer 26.4 million shares at C$10 each…
