SGB Update Sports & Fitness
Iconix Profits Doubled in Q4 on 76% Revenue Gain
Licensing revenues more than doubled at Iconix Brand Group Inc. in the fourth quarter and nearly doubled for the full year, the brand management company said. The company, which owns, licenses and markets the Ocean Pacific, Danskin, Roca Wear and Starter
Teva Will Be Title Sponsor for Mountain Games
Teva has signed a five-year agreement to be the title sponsor for Mountain Games taking place in Vail, Colo. this summer. The seventh annual Teva Mountain Games will take place from June 5–8. The event is expected to draw 2,500 athletes to compete for $10
Modell’s to Open in Cinnaminson
Modell’s Sporting Goods has signed a lease for 18,000 square feet of retail space at the Marketplace at Cinnaminson in New Jersey. Located at 2501 Route 130 S., the Marketplace at Cinnaminson is anchored by Wal-Mart and Sam’s Club, and has a tenant roster
Foot Locker Hikes Dividend by 20%
Foot Locker, Inc. declared a quarterly dividend of 15 cents a share, paybable May 2 to shareholders of record as of April 18. This dividend represents a 20 percent increase over the company's previous quarterly per share amount and is equivalent to a
K2 Acquisition Turbocharges Jarden’s Profitability…
Jarden Corp. delivered record revenue and cash flow in 2007, although accounting for its August acquisition of K2 required it to report a big drop in earnings for the fourth quarter and the year. The company reported a net loss of $11.2 million in Q4, co
Safilo Group Moves Carrera Under Level USA…
Italian sunglass and ski goggle maker Carrera is returning to its roots in specialty retail after flirting with big box distribution strategies, according to Charlie Adams, sales manager for Level USA, which on January 1 took over U.S. distribution of Car
CenterStone iVendix Now Live for Patagonia Europe
CenterStone Technologies has launched the iVendix B2B Ecommerce solution for Patagonia Europe. Patagonia’s European clients can now preview the Spring/Summer 08 collection on their new Internet-based Customer Service tool. This free service allows retaile
Under Armour Sponsors Welsh Rugby Union
The Welsh Rugby Union and Under Armour announced a comprehensive four-year official kit supplier agreement for Under Armour to supply the full range of technical performance apparel for all of the Wales international teams and support staff. The senior W
PacSun Moves Further From demo and Footwear, As Zumiez Sees Growth Rate Slow…
Pacific Sunwear of California, Inc. saw net sales for the four weeks of fiscal January decrease 3.7% to $66.3 million from $68.9 million for the same four week period in the prior year. By concept, PacSun total sales were $59.6 million, a slight increase
Sport-Haley Swings to Profit in Fiscal Second Quarter…
Sport-Haley, Inc. saw net sales of fashion apparel increase 5.3% to $4.4 million for the fiscal second quarter ended December 31, compared to $4.2 million for the prior-year period. Net sales of Top-Flite branded apparel were just $26,000 for the quarte
Outdoor and SnowSports Deals Abound…
It was a busy and a good week for the outdoor and snowsports industries with five acquisitions, including two that could restore the luster of authentic brands hindered in recent years by botched acquisitions. The deals came in several flavors, including
Sports Direct Partners with China’s ITAT…
Sports Direct International PLC, the UK sporting goods conglomerate, announced a strategic relationship with China's ITAT Group to move into the rapidly expanding Chinese retail market before the Beijing Olympics in August. Sports Direct will invest
ASICS Nine-Month YTD Revenue Jumps 16.7%; Names New President…
ASICS reported 16.7% revenue growth for the first nine months of the year to ¥166.01 billion ($1.42 bn) from ¥142.21 billion ($1.23 bn) for the year-ago period. The company saw strong operating income growth of 14.9% to ¥19.15 billion ($163.5 mm), but onl
ASICS Nine-Month YTD Revenue Jumps 16.7%; Names New President…
ASICS reported 16.7% revenue growth for the first nine months of the year to ¥166.01 billion ($1.42 bn) from ¥142.21 billion ($1.23 bn) for the year-ago period. The company saw strong operating income growth of 14.9% to ¥19.15 billion ($163.5 mm), but onl
Red Oak to Cease Operations…
Red Oak Sportswear, the maker of licensed sports apparel in College Station, TX, plans to cut 124 jobs as it winds down operations, according to documents filed with the Texas Workforce Commission. The company, a division of Illinois-based Knights Apparel
