Nike, Inc. saw net revenues grow 11% for the fiscal first quarter, ended August 31, 2007 to $4.7 billion from $4.2 billion last year. Changes in currency exchange rates increased revenue growth by 3 percentage points for the quarter. First quarter net inc
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
NBA Names CEO For China
The NBA has named Tim Chen, CEO of Microsoft Greater China, as CEO of NBA China, effective October 15. NBA China is a new enterprise being created to encapsulate all of the league's businesses in Greater China…
Kellwood Receives $21 Per Share Takeover Bid
Kellwood Company has received an unsolicited letter from Sun Capital Securities Group, LLC, indicating the group's interest in pursuing an acquisition of all of Kellwood's outstanding shares at a price of $21 in cash per share. The Sun Capital p
Shred Alert Names Frey As VP
Shred Alert, Inc. added Tripp Frey to head its sales team as vice president of the company. With extensive financial analyst and management experience, Frey will lend his business expertise directing the sales force and market forecasting…
Cocona Receives Capital Infusion
Cocona Inc. (formerly Traptek, LLC) has received a “major capital investment” from Fairhaven Capital, a leading early- and growth-stage venture capital firm based in Boston, Massachusetts. Sources at both Cocona Inc. and Fairhaven declined to disclose th
OIA to Host Rendezvous in Vancouver, WA
The Outdoor Industry Association (OIA) will hold its annual leadership and learning conference, Rendezvous, at the Vancouver-Hilton, in Vancouver, Washington on October 3 to 5, 2007. This year, OIA selected Vancouver for the conference because of its conn
Christina America Acquires Baltex Swimwear
Montreal-based Christina America has purchased the assets of Baltex Swimwear. The deal maintains the Baltex name and secures a significant number of Baltex jobs. The transaction price was not disclosed…
RECALL: Petzl Crampons
Petzl is recalling its SARKEN crampons, because the front points of the crampons are susceptible to premature wearout following heavy use. This means cracking of the metal forefoot near the front point(s), followed by possible breakage if usage continues.
Sport Chalet Expects Steep Net Income Decrease for Q2
Sport Chalet, Inc. expects to report second quarter net sales in the range of $97 million to $98 million up from $91.3 million in the same period of the prior year. Comparable store sales for the second quarter are expected to decline in the range of 2% t
Brunswick Names Deputy General Counsel
Brunswick Corporation appointed Kristin M. Coleman, 39, as its deputy general counsel and assistant secretary, reporting to Lloyd C. Chatfield, vice president, general counsel and secretary…
Gildan Acquires Sock Manufacturer
Gildan Activewear Inc. has entered into an agreement to purchase 100% of the capital stock of V.I. Prewett & Son, Inc., a large U.S. private label supplier of basic family socks to U.S. mass-market retailers, which is located in Fort Payne, Alabama. The i
Modell’s To Open Stamford, CT Store
Modell’s Sporting Goods will celebrate the grand opening of a 20,000 square foot store located in Ridgeway Center at 2113 Summer Street, Stamford, CT from Thursday, September 27th through Sunday, September 30th…
BCA Adds European Technical Director
Backcountry Access, Inc. appointed Dieter Stopper as the company’s Technical Director for the European market. He is the newest addition to BCA’s continuing educational initiatives, adding another level of expertise to the company’s growing educational an
Liquid Boardwear Adds to Sales Team
Liquid Boardwear added Ted Lohr and Christina Villoldo to its sales team to cover the Pacific Northwest ans Southeast, respectively…
Hilco Consumer Capital Names Managing Director
Hilco Consumer Capital, LLC appointed J. Bruce Terry as managing director. Bruce Terry has more than 26 years of broad-based strategic, financial, operating and business development experience…
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