SGB Update Sportsmans
Lindsey Vonn To Help Nationwide Sports Equipment Drive
Lindsey Vonn has signed on as spokesperson for the DoSomething.org and Boys & Girls Clubs of America to help drive donations of team equipment. Beginning this week and continuing through October 10th, young people around the country will set up collection
NBA to Open New York City Pop-Up Store
The NBA Store will reopen this fall in a temporary location, close to its former spot on New York's Fifth Avenue. The league said that partner Adidas will run the temporary 6,000-square-foot store between 47th and 48th streets, incurring all expenses
Patagonia Will Promote Used Clothes on EBay
To help customers put back in circulation used clothes, Patagonia Inc. and eBay Inc. have joined forces to launch a new marketplace for customers to buy and sell used Patagonia gear. Patagonia's Common Threads Initiative store on eBay marks the first
SpendingPulse: Back-to-School Spending up 3.0 Percent Through August
Continued growth in Apparel, eCommerce, Grocery, and Luxury were joined by the return to positive territory of the Hardware, Restaurant, and Automotive Repair sectors in August, according to MasterCard Advisors SpendingPulse, a macroeconomic report tracki
Costco’s CEO to Retire
Costco Wholesale announced that CEO Jim Sinegal will step down at the beginning of 2012. Sinegal said he will leave the company on Jan. 1, 2012, the same day he turns 76. Sinegal will be succeeded by Craid Jelinek, who currently serves as Costco's pr
Target’s August Comps Climb 4.1 Percent
Target Corporation reported that its sales for the four weeks ended Aug. 27, 2011 were $5.29 billion, an increase of 5.4 percent from $5.02 billion a year ago. On this same basis, August comparable-store sales increased 4.1 percent…
Atomic USA Names Nordic Reps for New England
Atomic USA hired Bob Collins and Drew Gelinas as Nordic sales representatives for northern New England…
Finish Line Acquires The Running Company
The Finish Line, Inc. announced that it has invested $8.5 million to acquire the assets of and assume certain liabilities of The Running Company, an 18-store chain of specialty running shops across several states with consolidated annual sales of approxim
Former Swatch USA President to Oversee Glamm Industries
Total Licensing, Inc. and Glamm Industries, LLC announced that Glamm has appointed Walter Sims, former president of Swatch USA, as interim executive vice president of operations. TLI, a wholly owned subsidiary of Total Apparel Group, Inc., recently partn
Genesco Narrows Q2 Loss, Raises Full-Year Outlook
Genesco Inc. reported earnings from continuing operations for the second quarter ended July 30, 2011, of $0.4 million, or 1 cent per share, compared to a loss from continuing operations of $2.4 million, or 10 cents, a year ago. Comparable store sales incr
Zumiez Swings To 2Q Profit On Strong Same-Store Sales Growth
Zumiez Inc. reported sales for the second quarter increased 14.9 percent to $112.2 million from $97.7 million reported a year ago. Comparable store sales increased 7.5 percent on top of an increase of 9.3 percent for the second quarter of fiscal 2010…
Derby Cycle AG Reports Nine Month Sales Up 38 Percent
Derby Cycle AG’s revenues reached EUR 198.8 million ($274 mm) in the nine months ended June 30, up 38 percent compared with EUR 144.1 million in first nine months of fiscal year 2009/10. The German company said it sold 413,000 bicycles from the Kalk
Nordstrom Offers Free Shipping and Returns
Nordstrom Inc. has decided to offer free shipping on online orders for nearly all purchases less than $200. Up to now, the policy had been free shipping only for purchases over $200…
Peter Millar Looks to Expand Collegiate Licenses
Peter Millar is launching a premium collection of collegiate sportswear, which is licensed by The Collegiate Licensing company, beginning this fall with The University of North Carolina, Chapel Hill. Peter Millar is planning to expand the Collegiate Colle
Li Ning’s Profits Slide 50 Percent in First Half
Li Ning Co Ltd. reported a 50 percent drop in its first half profit on a 4.8 percent decline in sales. The Chinese-athletic footwear and apparel giant said the operating environment is expected to remain challenging due to intensifying competition among
