SportsOneSource.com - Sporting Goods Business UPDATE

SGB UPDATE is the only continuously updated source for news for the Sporting Goods, Athletic Footwear, and Athletic Apparel markets. This archive area is updated by our editorial team throughout the day as news breaks in the industry. The SGB UPDATE newsletter is delivered each business morning via e-mail in either TEXT or HTML format.

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The Latest News...

Finish Line's Continuing Loss Shrinks
The Finish Line reported sales dropped 4.4% in the third quarter ended Nov. 29, to $256.9 million from $268.7 million a year ago. Consolidated comps decreased 3.6%. By concept, comps dipped 3.3% at Finish Line and fell 6.8% at Man Alive. The retailer reported a loss from continuing operations of $8.8 million, or 16 cents a share, in the period compared to a continuing loss of $13.8 million, or 29 cents, a year ago... (1/6/2009)

Columbia Sportswear Promotes Cusick to CFO
Columbia Sportswear Co. will promote Thomas B. Cusick to the executive position of VP, CFO and treasurer, effective Jan. 23. Cusick has served in senior financial management roles with Columbia Sportswear since joining the company as corporate controller in September 2002...(1/6/2009)

Horowitz Promoted to Modell's President
Modell's Sporting Goods announced that Seth Horowitz, EVP of merchandising marketing & allocations, has been promoted to president of the company. Horowitz's expanded responsibilities will include overseeing all aspects of business operations, including merchandising, marketing, and store operations...(1/6/2009)

Pery Ellis Slashes Outlook for Q4
Perry Ellis International, Inc. announced that, based on preliminary results from its holiday season and estimates for initial deliveries of Spring 2009 merchandise, the company anticipates revenues for the fourth quarter ending Jan. 31, 2009 at the $200 to $210 million range...(1/6/2009)

Chip Coe Named CEO of TEKO
TEKO, the sock manufacturer, said outdoor industry veteran Chip Coe has joined the company as CEO and stockholder. Coe served as COO and president of SmartWool Corporation for seven years, before retiring from that company in late 2006...(1/6/2009)

PINE Surf Shop Destroyed in Fire
Long Beach Island�s PINE Surf Shop and Gallery was destroyed in a fire on Monday, Dec. 30, reported various media outlets. The shop, a blend of surfing and art, was opened eight months ago and the owner Julie Goldstein is currently hopeful but unsure as to whether she will pursue PINE in the future...(1/6/2009)

Thorlos Makes Changes in Representative Coverage
Sock manufacturer Thorlos has selected Tom and Tony Karas with Robb Green of T & T Manufacturers to provide coverage for the state of Colorado. Thorlos' long-standing representative Jan Gulliksen will also continue in his current capacity with the company, and will work closely with T & T Manufacturers...(1/6/2009)

FuelBelt's Sales Team Gets New Manager
FuelBelt's new sales team in California, Nevada and Arizona will be managed by Snowden and Co. with Principal Frank Snowden...(1/6/2009)

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