SGB Update Sports & Fitness
REI Names New Board Member
Recreational Equipment, Inc. (REI), announced the appointment of José Ignacio Lozano to a one-year term to the company’s board of directors…
Bryant Jersey is Top-Seller in China
For the second consecutive season, Kobe Bryant of the Los Angeles Lakers had the top selling NBA jersey in China. Kevin Garnett and Paul Pierce, members of the 2008 NBA Champion Boston Celtics, moved into the top five on this year’s list…
Boscov’s Files for Bankruptcy
Becoming the latest retailer to bow to the challenging economy, Boscov's Inc. filed for protection under the Chapter 11 bankruptcy code and plans to close 10 of its 49 stores. The largest family-owned independent department store chain in the U.S., b
PacSun, Zumiez Report Weakening Q2 Comps
Pacific Sunwear of California, Inc. reported July net sales decreased 3% at its PacSun stores to $99.1 million from $102.4 million last year, while comps declined 4%. Geographically, comps were strongest in Texas, the Midwest and New England, but were wea
SGMA Gauges Interest in Swimming, Basketball
In light of the 2008 Beijing Games, the Sporting Goods Manufacturers Association (SGMA) has conducted and released studies gauging American interest of and participation in two of the country’s most popular activities-swimming and basketball. According to
Aldila Q2 Sales Plummet
Aldila, Inc. reported a significant decline in sales for the second quarter from $17.6 million to $13.6 million, a drop of 23%. The golf company showed a net loss of $523,000, or 10 cents a share, compared to a net income of $1.7 million, or 30 cents, a y
ITC Reaffirms Ruling Against Crocs
Crocs fell short yet again in its ongoing struggle to prevent other companies from importing footwear similar to its own foam designs. In another noteworthy setback for the firm, the U.S. International Trade Commission has reaffirmed an April ruling verif
Favre Jets Jersey Shatters Sales Record
GSI Commerce Inc. reported more than 6,500 Brett Favre New York Jets jerseys were sold online at NFLShop.com on Aug. 7, breaking the previous record of nearly 900 set on November 11, 2007…
Crocs Lays Off 75
Crocs Inc. laid off 75 U.S. operations employees on Thursday, a move that Crocs spokeswoman Tia Matteson said was a “larger part of our efforts to reduce overall spending,” according to Boulder’s Daily Camera….
Nordstrom’s Comps Drop 6.1% in July
Nordstrom, Inc. reported sales during July declined 6.7% to $840 million from $901 million a year ago.. Same-store sales decreased 6.1%. Preliminary second quarter sales of $2.29 billion decreased 4.3% compared to sales of $2.39 billion during the same pe
Target’s July Comps Rise 1.2%
Target Corporation reported that its net retail sales for the four weeks ended August 2, increased 4.7% to $4.56 billion from $4.36 billion. On this same basis, July comparable store sales declined 1.2%…
Saks Comps Drop 4% for Q2
Saks Incorporated reported period that for the second quarter ended August 2, 2008, owned sales totaled $663.1 million compared to $687.9 million for the prior year second quarter ended August 4, 2007, a 3.6% decrease…
TJX Comps Up 6% for Q2
The TJX Companies, Inc. sales for the four-week period ended August 2, 2008, were $1.4 billion, up 6% over the $1.3 billion achieved during the four-week period ended August 4, 2007…
Finish Line Extends Sole Destination
The Finish Line, Inc. announced that it will extend its partnership with Soles4Souls, the international charity dedicated to providing free footwear to those in need, and will continue the national shoe trade-in program, “Sole Destination,” at all 697 Fin
Dorel’s Bike Business Jumps on Cannondale Acquisition
Dorel Industries Inc. reported that company-wide net revenues rose 29.3% to $593.7 million from $459.0 million for the same period a year ago. Net income for the second quarter ended June 30 was $31.3 million or 94 cents per diluted share compared to $10.
