The National Basketball Association formally launched its NBA China, a new entity that will conduct all of the league’s businesses in Greater China. Five strategic partners will invest $253 million to acquire 11% of the company in preferred equity. The st
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
NRF Sees Slow H1 Growth, But Stronger H2 2008
The National Retail Federation released its 2008 economic forecast, predicting that retail industry sales (which exclude automobiles, gas stations, and restaurants) will increase 3.5 percent from last year. According to its quarterly Retail Sales Outlook
Rome SDS Taps BBPR for Marketing Efforts
Rome SDS is partnering with BBPR for non-endemic public relations and marketing efforts for the launch of their 2009 product line. As mainstream media continue to cover action sports, BBPR will vet product requests and seek out new opportunities that are
Zoo York Parnters with Ghostface Killah
The Zoo York Institute partnered with Def Jam and Cornerstone Promotion to release an exclusive collaboration that celebrates the recent release of Ghostface Killah’s new album, “The Big Doe Rehab…”
Hibbett Sports Lowers Q4 Guidance on Comps Decline
Hibbett Sports, Inc. expects to report a mid-single-digit comparable store sales decrease for the fourth quarter. Earnings per diluted share for the fiscal fourth quarter are expected to be approximately 20 cents to 26 cents compared with 39 cents in the
Nex-LvL Golf to Distribute Head Ski and Snowboard Apparel
Nex-LvL Golf Inc. has acquired the distribution rights for North America under the HEAD brand for Ski and Snowboard apparel. Nex-LvL Golf adds the ski and snowboard license to its existing HEAD Golf and Tennis license fo the North American market…
Dick’s Sporting Goods Increases Q4 Guidance
Dick's Sporting Goods, Inc. increased its fourth quarter guidance from a previous estimate of approximately 59 cents per diluted share to a range of 60 cents to 61 cents per diluted share. Additionally, Dick's expects to at least meet its previo
Forzani Names President, Corporate and Franchise
The Forzani Group Ltd. has named Tom Quinn as president for both the corporate and franchise businesses. Quinn joined the Forzani Group in 1994 and most recently held the title of president, franchise. In his newly expanded role, Quinn will be responsible
Luxottica Expects 7.1% Revenue Growth for 2007
In an interview with Italy's financial daily Il Sole 24 Ore, Andrea Guerra, CEO of Luxottica Group S.p.A., commented that fiscal year 2007 will be another record year for the Group. Mr. Guerra indicated that Luxottica will close the year with nearly
Hi-Tec Names Global MTO Product Manager
Global sports brand HI-TEC SPORTS has appointed Mark Cooper as global MTO product manager. With over 21 years of industry experience in sales and product development, Cooper has worked for numerous brands including Adidas UK, Ascot, Patrick UK and Dunlop
New Balance Promotes Preston to EVP – Int’l
New Balance has promoted Joe Preston to executive vice president, international. Preston, a New Balance associate since 1995, began his New Balance career as Senior Product Manager – Running and Custom Products, before moving on to lead the Dunham brand i
NSGA: Athletic Footwear ASP Rises 2.1% in 2007
According to preliminary data from the NSGA's “Sporting Goods Market in 2008,” the average price point for athletic footwear in 2007 rose 2.1% to $43.03 from 2006. In 2006, the average price rose to $42.16 (+3.4%) from $40.78 in 2005…
Sport Chalet Expects Q3 Loss on Comps Decline
Sport Chalet, Inc. announced that it expects sales to rise only 1.1% for the fiscal third quarter ended Dec. 30 to $116.0 million from $114.7 million in the year-ago quarter. Comparable store sales for the third quarter are expected to decline approximate
Forzani Holiday Sales Jump on Athlete’s World Acquisition, Promotions
The Forzani Group Ltd. reported that total sales for the ten week Holiday period increased 21.3% versus the same period in 2006. Sales were buoyed by the acquired Athlete's World business as, without those sales, total retail system sales were up 14.
Costco Sees 7% December Comps Improvement
Costco Wholesale Corporation reported net sales of $7.55 billion for the month of December, an increase of 10% from $6.84 billion in the same five-week period last year. Comparable store sales increased 7% for the month, with a 5% increase in U.S. comps..
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