Author: Charlie Lunan

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

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…

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

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

Jack Wolfskin Reports 22.5 Percent Growth for 2011

February 23, 2012 SGB Update

Jack Wolfskin said its sales grew 22.5 percent to €355 million ($494mm) in 2011 despite a late winter and the euro crisis. All product areas (apparel, equipment, shoes) as well as all sales channels and regions contributed to growth of the German ou

Sigg Switzerland AG Appoints New CEO

February 23, 2012 SGB Update

The executive board of Sigg Switzerland AG has named Patric Zingg as the new CEO of Sigg Switzerland AG, which has manufactured beverage bottles for more than a century. Zingg joins the company from Rado watches, where he served as vice president for…

Yaktrax Devleops New Logo and Packaging

February 23, 2012 SGB Update

Yaktrax introduced a new logo and packaging in an effort to update their overall brand image and gear up for new product launches. Featuring an iconic Yak and a powerful new font, the new Yaktrax logo will roll out on packaging, in-store displays, and oth

Crocs Breaks $1 billion in 2011 with Strong Fourth Quarter

February 23, 2012 SGB Update

Crocs, Inc. broke the $1 billion mark in 2011 after generating revenue of $203.7 million in the fourth quarter ended Dec. 31, 2011, up 14 percent from $179.2 million in the fourth quarter of 2010. Net income for the fourth quarter 2011 was $5.6 million, o

RECALL: 296 Atherton Pro Handlebar Stems

February 22, 2012 SGB Update

Shimano Corp. is recalling nearly 300 mountain bike handlebar stems it distributed in North America because the bolts holding the front plate of the stem to the stem body can be pulled out of the threads while the bike is being ridden, causing the rider t

Competitor Group Buys Second D.C. Marathon Event

February 22, 2012 SGB Update

Competitor Group, Inc. (CGI), a San Diego-based media and event promoter in the active lifestyle industry, acquired Nation’s Triathlon and disclosed a multi-year partnership with Washington Sports & Event Management, LLC (WSEM)…

The Bike Cooperative to Press Vendors on Internet Pricing

February 22, 2012 SGB Update

The Bike Cooperative, which provides marketing, buying and other services to hundreds of independent bike dealers (IBDs), has tasked its Member Product Committee with developing an Internet Pricing Policy that it will ask all vendors to follow. The policy

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