Month: February 2012

RECALL: 3,000 Kelty Jogging Strollers

February 23, 2012 SGB Update

American Recreation Products of Boulder, CO is recalling about 3,000 Kelty single and double jogging strollers because the front wheel can come loose during use and cause the stroller to tip over, posing a fall and injury hazard to children in the strolle

Korean Free Trade Agreement Kicks in March 15

February 23, 2012 SGB Update

The U.S.-Korea trade agreement will enter into force – that is, take effect – on March 15, 2012, U.S. Trade Representative Ron Kirk said this week. What impact the agreement will have on the U.S. sporting goods brands is uncertain given that they source m

The North Face Updates Apps for Windows Phone

February 23, 2012 SGB Update

The North Face updated its Trailhead and Snow Report apps with the launch on Windows Phone. In addition to offering a constant stream of weather, trail and route information, both free applications now also feature…

West Marine Profits Jump in 2011 on New Store Strategy

February 23, 2012 SGB Update

West Marine reported net revenues for the fourth quarter ended Dec. 31, 2011 were $113.4 million, an increase of $6.1 million, or 5.7 percent, on a 4.3 percent comp store gain. The company said its strategy of fulfilling wholesale orders through a smaller

Jordan Sues Chinese Company Over Use of Name

February 23, 2012 SGB Update

Basketball legend Michael Jordan has filed suit in a Chinese court against Qiaodan Sports Company Limited, a Chinese sportswear and footwear manufacturer, for unauthorized use of his name. Nike is reportedly not involved in the lawsuit…

Sturm Ruger Posts Higher FY11 Profit

February 23, 2012 SGB Update

Sturm, Ruger & Company, Inc. reported revenues climbed 28.8 percent in 2011 to $328.8 million from $255.2 million in 2010. EPS reached $2.09 per share, compared with $1.46 per share in 2010. For the fourth quarter of 2011, sales jumped 45.4 percent to $93

Head NV Q4 Sales Flat Line on Late Winter, Resurgent Euro

February 23, 2012 SGB Update

Head NV had a tough fourth quarter and like other ski manufacturers sees the late winter in Europe and North America hurting its winter sports sales in 2012. The Dutch company said unaudited figures show sales of skis, tennis and diving products all decli

TJX Q4 Profit Rises 42 Percent

February 22, 2012 SGB Executive SGB Update

The TJX Companies, Inc. said that for the 13-week fourth quarter ended Jan. 28, net sales were $6.7 billion, a 6 percent increase over the prior year. Consolidated comparable store sales for the quarter increased 7 percent over the prior year…

TJX Q4 Profit Rises 42 Percent

February 22, 2012 SGB Executive SGB Update

The TJX Companies, Inc. said that for the 13-week fourth quarter ended Jan. 28, net sales were $6.7 billion, a 6 percent increase over the prior year. Consolidated comparable store sales for the quarter increased 7 percent over the prior year…

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