JJB Sports has acquired the Original Shoe Company from Sports Direct International PLC for a consideration of £5 million ($10.0 million) in cash. The Original Shoe Company sells a range of branded lifestyle clothing and footwear including Ben Sherman, Hen
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
Sports Direct Sees H1 Profits Plunge…
Sports Direct reported a 72.6% drop in pre-tax profits in the first half of the year, to £13.0 million ($26 mm). Revenues were down 7.1% to £668.1 million ($1.34 bn). Retail sales in the U.K. fell 12.9% to £518.4 million ($1.04 bn), while International r
Nike, Inc. Scores Win in Umbro Buyout Bid…
A brief but significant chess match unfolded behind closed doors this week in the U.K. as Mike Ashley, the founder of U.K. sporting goods retailer Sports Direct, attempted to use his deal-breaking 29.9% stake in Umbro to fortify negotiations with Nike, In
NSSF Ranks Economic Impact of Hunting and Fishing…
According to a study from National Shooting Sports Foundation, Texas leads the country in total hunters and anglers, money spent by sportsmen, jobs supported by hunting and fishing and tax revenue generated. The new state-by-state rankings were compiled t
Under Armour Inks New Lease to Expand HQ…
Under Armour Inc. has signed a lease for expansion space near its headquarters in South Baltimore. According to a filing with the SEC, Under Armour on December 14 signed a lease for 138,198 square feet at the Overflo Public Warehouse Inc. property at 145
Debate Over Polycarbonate Water Bottles Grows…
The reputation of Lexan polycarbonate water bottles received another blow last week after yoga retailer Lululemon joined Mountain Equipment Co-op in pulling water bottles containing bisphenol-A (BPA) from their shelves. Vancouver's Mountain Equipment
SIA Retail Audit: Snow Sports Sales Decline in Early Season…
With virtually no early season snow nationwide, the snow sports season got off to a late start this year and retail sales suffered as a result. SIA issued its first in a series of six retail audits covering specialty sales of snow sports apparel, equipmen
RECALL: Hunting Harnesses From Gorilla Inc…
Some 60,000 Chinese-made full-body harnesses used by hunters were recalled, because they could allow users to fall from tree stands and risk serious injury, the U.S. Consumer Product Safety Commission said last week. The harnesses were made in China for G
Nike, Inc. Spends Big to Drive Fiscal Q2 Growth…
Nike, Inc. reported that the Nike brand posted a mid-single-digit revenue increase in the U.S. region for the fiscal second quarter through November, but the real energy continued to come out of the international business as emerging markets in both Europ
Late November Cold Shifts Outdoor Footwear Sales…
While last year was considered by many to be one of the worst winters for outdoor and snow sports retailers in the past decade, Footwear sales remained strong. However, this year is getting a later start, according to data collected by SportScanINFO. Last
Debate Over Polycarbonate Water Bottles Grows…
The reputation of Lexan polycarbonate water bottles received another blow last week after yoga retailer Lululemon joined Mountain Equipment Co-op in pulling water bottles containing bisphenol-A (BPA) from their shelves. Vancouver's Mountain Equipment
Nike Q2 Sales Jump 14%; Futures Orders Up 13%
Nike, Inc. reported 14% revenue growth for the second quarter ended November 30, to $4.3 billion, compared to $3.8 billion for the same period last year. FX rates boosted revenue growth by 4 percentage points. Second quarter net income grew 10% to $359.4
Reef Names Director of Sales
Reef is taking new strides into the international marketplace bolstered by some important promotions. As VF moves to grow the Reef and Vans Asia business, they are bringing Reef’s own Mitchell Whitaker to lead the growth as director of the Action Sport As
NGF: October Rounds Played Increase 5.1%
According to the National Golf Foundation, October rounds played in the U.S. increased 5.1% on a same-store basis over the same month last year, which brought year-to-date performance into positive territory (+0.3%). As usual, play days correlated with pe
True Temper Division Partners with Miura Golf
True Tempers' elite Tour Concept club maker network has formed an alliance with the premier component head manufacturer, Miura Golf, and its' network of specialty fitters. This affiliation is expected to elevate the custom fitting programs for b
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