Nike, Inc. last week suspended the introduction of Atlanta Falcons quarterback Michael Vick's latest shoe two days after a federal grand jury indicted him for allegedly conspiring to run a dog-fighting operation from a home he owned in Virginia. Vick
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
Nike to Cut Orders from Indonesian Factories…
While its star player is angering citizens in the States, Nike is angering workers overseas as published reports say several Indonesian factories that produce Nike products may need to eliminate up to 14,000 jobs because of reduced orders from NKE. Nike
Reebok U.S. President to Exit, Adds VP Sales for Licensed…
Reebok spent last week changing nameplates as after nearly ten years with the company, Bob Munroe, president of Reebok USA, decided to leave. Shortly before news of Munroe’s departure broke, Reebok appointed Glen Giovanucci as VP of sales for the Sports L
Sports, Inc. Closes Successful Athletics Show…
Sports, Inc. reported that its Athletics show, recently held in St. Charles, MO, was one of the group's most successful ever with both order volume and attendance up. “We invited 100 suppliers to the show and over 450 store owners, buyers and sales p
PPR Ups Puma Stake to 62.1%; Closes Takeover Offer…
SAPARDIS S.A., the subsidiary of French luxury goods company PPR S.A. that has been in talks to acquire a majority stake in PUMA AG, has closed its takeover offer. PPR now owns, through its subsidiary, a total of 62.1% of all PUMA votes…
RECALL: Thule Bicycle Racks…
Thule has issued a recall of a number of its discontinued hitch-style bicycle racks. Thule has determined that a pinch point exists between the bike arm bracket and the upright assembly of the hitch-style bicycle rack. When the bike arm bracket is moved
OIA’s Specialty Study Reveals a Healthy Industry…
OIA released their U.S. Specialty Market Study this week, looking at several key metrics in the outdoor specialty retail market. The study looks at the overall state of the industry and digs down into the trends and individual categories that are driving
FFR Sees Strong Attendance Growth…
With new show dates of September 16-18, 2007, FlyFishing Retailer total attendee registration is currently up 25% over last year, with retail store registration numbers also showing double-digit increases…
The Finish Line to Name Genesco Exec as President of Merged Company
The Finish Line, Inc. will appoint Robert J. Dennis, currently Genesco's president and COO, as president of the combined company, once the acquisition is finalized. Mr. Dennis will report directly to Alan H. Cohen, The Finish Line's CEO, and wi
Orange 21 in Discussions to Acquire No Fear Retail Operations
Orange 21 Inc. has established an independent special committee of its board of directors to conduct preliminary discussions with No Fear Inc. regarding a possible strategic transaction involving the acquisition of No Fear Retail Stores, Inc., a subsidiar
Rebel Sport NZ Parent Expects H1 Income Slide
The directors of Briscoe Group, parent company to New Zealand's Rebel Sport retail chain, reported that net income for the first half ending July 29, 2007 will be “up to 15% lower” than the NZ$12.0 million ($7.6 mm) recorded in the year-ago period…
Brunswick Lowers Earnings Guidance on Weak Marine Sales
Brunswick Corporation has decided to lower production of marine products in the second half of 2007 due to continued weakness in retail markets in the United States and in turn has lowered annual earnings per share guidance. The company said it expects to
Ashworth VP Finance Resigns
Greg W. Slack has resigned from Ashworth, Inc. according to a filing with the SEC. Slack, who was VP-finance, corporate controller and principal accounting officer of Ashworth, Inc., confirmed that his resignation was not a result of any material disagree
VF Corp. Sees Outdoor, Imagewear Drive Q2 Growth
VF Corporation recorded a 12% jump in second quarter revenues to a record $1.52 billion from $1.35 billion in the same period last year. Income from continuing operations in the current quarter increased 18% to a record $105.8 million, compared with $89.6
JJB Faces Tough Comparisons Against World Cup
JJB Sports plc reported that total revenue for the first half ending July 15, 2007 declined 3.9% from the same period last year, with a comparable store sales decrease of 4.1%. However, excluding revenue from replica products, which was buoyed by the Worl
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