SGB Update Sports & Fitness
Sport Supply Group Q2 Net Sales Slip 1.7%
Sport Supply Group, Inc. said net sales for earnings per share for its fiscal second quarter ending Dec. 31, 2008 were 4 cents per fully diluted share. Net sales for the quarter declined 1.7%. Commenting on the quarter and year-to-date Results, Adam Blume
Nike to Lay Off Up to 4% of Employees
Nike Inc. plans to eliminate up to four percent of its nearly 35,000 people worldwide workforce as part of a restructuring and cost-cutting initiative. The company called it the “next stage of its category business model execution, which includes the rest
Wall Street Shrugs Off Tough January Retail
The retail results for January and the retail fourth quarter apparently lived up to low expectations as Wall Street shrugged off both the negative comp store sales results and the loss of more than 625,000 jobs during the month…
Oil, Gas Leases in Utah Cancelled
U.S. Secretary of Interior Ken Salazar said that the department is canceling 77 oil and gas leases in Utah issued in the final days of the Bush Administration. The decision means that more than 100,000 acres of Utah wild lands and recreation destinations
University of Wisconsin-Madison Cuts Ties with Russell
The University of Wisconsin-Madison plans to cut ties with Atlanta-based Russell Athletic over questions regarding its labor practices at a shuttered plant in Honduras, reported the Atlanta Journal Constitution…
Costco Comps Slip 2% in January
Costco Wholesale Corporation reported net sales of $5.10 billion for the month of January, down 0.2% from $5.11 billion for the same period last year. Comparable store sales for the month declined 2.0% after an increase of 7.0% last year. For the first tw
Neiman Marcus January Comps Drop 25.8%
In the four-week January period, comparable revenues in Neiman Marcus' Specialty Retail Stores segment, which includes Neiman Marcus Stores and Bergdorf Goodman, decreased 25.8%. The company experienced weakness across all geographies and merchandise
Dick’s SG Comps Fall 8.6%; Will Take Impairment Charge
Dick's Sporting Goods, Inc. expects to record a pre-tax impairment charge in the range of approximately $165 million to $180 million that will decrease net income by $144 million to $153 million, or approximately $1.29 to $1.37 per diluted share in f
Adventure Medical Kits Names Pacific Northwest Reps
Adventure Medical Kits, the developer of safety and survival gear for outdoor enthusiasts, announced that it has tapped Seattle, Washington-based Alta Group Inc. to represent its lines in Oregon and Washington state…
Hartmarx Files for Chapter 11
Hartmarx Corp., which makes the Jack Nicklaus, Bobby Jones and Lyle & Scott golf apparel collections, filed for Chapter 11 protection in an Illinois federal bankruptcy court, citing a “substantial decline” in sales to consumers and retailers as well as li
Under Armour Sees Profits Fall; Posts First Apparel Sales Decline in Fourth Quarter
What a difference a year makes. A year ago at this time, Under Armour was flying high as apparel sales were routinely up in strong double-digits again and the company was prepping for its long-hyped launch into non-cleated footwear with the debut of the
Luxottica to Destroy Pirated Glasses
Luxottica Group S.p.A. has been cleared to obliterate almost 144,000 pairs of counterfeit Ray-Ban glasses, uncovered during a raid of a Chinese distributor. The Milan-based maker of fashion and sports eyewear received a final order by the Consumer Protect
Anti-Dumping Complaint Filed Against China and Vietnam
The Shoe Manufacturers Association of Canada (SMAC) has requested that the Canada Border Services Agency (CBSA) re-investigate pricing of waterproof rubber footwear and bottoms exported or originating from the People's Republic of China and Vietnam..
Delta Apparel Appoints New Board Member
Delta Apparel, Inc. has appointed Robert E. (Bob) Staton to its Board of Directors. Staton brings more than 30 years of business leadership to the company…
LaCrosse Footwear Sees Q4 Income Plummet
LaCrosse Footwear, Inc. reported results for the fourth quarter and full year ended Dec. 31, 2008. For the fourth quarter of 2008, LaCrosse reported consolidated net sales of $35.1 million, up 8% from $32.7 million in the fourth quarter of 2007. For the f
