SGB Update Sportsmans

Puma AG Sees U.S. Region Lead Decliners in Q3

Puma AG consolidated sales in the third quarter decreased by 6.3% currency-neutral, or by 5.5% in euro terms, to €673.4 million ($962 mm). Third quarter gross margin decreased from 53.6% of sales in Q3 last year to 51.9% of sales this year. Net ea

Berkshire Apparel Unit Sees Declines

Berkshire Hathaway reported sales in its Other Manufacturing segment, which includes Fruit of the Loom, Russell and Brooks Sports, slid 12.9% to $3.24 billion from $3.72 billion. Pre-tax earnings of the segment were $293 million, a decrease of $185 milli

Adidas Group Positive While Posting Q3 Declines

The adidas Group reported that top-line revenues trends had not changed materially since its fist half report, but the company, which also owns the Reebok, CCM-Reebok, Rockport and Taylormade brands in addition to the namesake adidas brand, produced a &#8

CIT Group Files for Bankruptcy Protection

CIT Group Inc., the commercial lender and the leading factoring company in the U.S., filed for bankruptcy in an effort to cut $10 billion in debt following a failed debt exchange and U.S. taxpayer bailout. CIT’s factoring subsidiary, CIT Trade Finan

Golf Datatech: Sept. Rounds Up 4.2%; YTD Up 0.5%

According to a report from Golf Datatech, golf rounds played in the US in September were up 4.1% compared to September 2008 and up 0.5% for the year to date period. Public courses reported rounds-played increases of 4.6% and 0.8% for the month and YTD, re

Big 5 Third Quarter Profits Soar on Lower Costs and Rising Sales

Big 5 Sporting Goods' Q3 earnings surged 77.8% due to a combination of improving sales, slightly better merchandising margins and lower expenses. The 1.6% comp decline represented its second straight quarterly gain and its strongest comp since the Q4

Amazon Closes Zappos Acquisition

Amazon.com, Inc. completed its acquisition of Zappos.com. Thanks to an increase in Amazon's stock price, Amazon will pay $1.2 billion, or $117.40 a share, for the business, up from $928 million when the deal was first announced on July 22. As expect

Mountain Equipment Co-op Introduces MEC Bikes

Mountain Equipment Co-op (MEC) unveiled its inaugural line of bicycles, online at www.mec.ca/bikes. The collection includes eleven styles in four categories – mountain, road, specialty and urban. Three are available in frames that are specifically designe

Stage Stores Has Flattish October Comp Sales

Stage Stores, Inc. reported that its total sales for the four-week October period ended October 31 increased 2.9% to $101 million. Comparable store sales decreased 0.1% this year versus a decrease of 8.4% last year…

K-Swiss Posts Q3 Loss on Double-Digit Sales Decline

K-Swiss Inc. reported that total worldwide revenues decreased 23.7% to $70,633,000 for the third quarter of 2009. The net loss for the third quarter of 2009 was $2,884,000, or 8 cents per diluted share, compared with net earnings of $1,066,000 or 3 cents

Genesco to Redeem Notes

Genesco Inc. announced the issuance on November 3, 2009, of a notice of redemption to the holders of the company's 4.125% Convertible Subordinated Debentures due 2023. Pursuant to the notice, all of the Debentures that remain outstanding will be rede

Urban Outfitters Third Quarter Comps Dip 2%

Urban Outfitters reported that total company net sales increased by 6% to $506 million for the fiscal third quarter versus the same quarter last year. Total company comparable store net sales declined 2%. Direct-to-consumer net sales jumped 21% and whole