According to the National Golf Foundation, rounds played at the nation's golf courses in the month of May showed strong enough gains to more than halve the year-to-date decrease from down 9.0% through April to down 3.9% through the end of May. In May
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
Nike, Inc. Looks to be Calling all the Right Shots…
Mark Parker completed his first full fiscal year as CEO of Nike, Inc. as the company delivered solid results and a strong outlook for the future. NKE shares were up more than 10% for the week last week to close at $58.29 on Friday. The company’s share p
Timberland Continues to Struggle with Urban Biz…
With slow sales and eroding margins, Timberland delivered another disappointing quarter with every consumer segment except Timberland PRO showing top-line declines. In currency-neutral terms, sales declined 7% world wide. By product category, footwear rev
Stride Rite Sees Tax Rate Spike Stymie Bottom Line
The Stride Rite Corporation reported a strong performance in its Sperry Top-Sider division, as well as in its International business, but softness in the Kid’s Wholesale, Hind, and Keds segments offset much of the gains. Sales increased 7.8% for SRR durin
The Finish Line Highlights Bright Spots in a Very Tough Fiscal First Quarter…
The Finish Line, Inc. wasn’t talking much last week about its planned merger deal with Genesco, Inc., except to outline some of the financing in place to fund the deal. The high debt load the deal will bring with it had a number of analysts skittish enou
Collegiate Pacific to Become Sport Supply Group
Collegiate Pacific Inc. will change its corporate name to Sport Supply Group, Inc. effective July 1, 2007, and will also change its stock ticker symbol from “BOO” to “RBI.”
Blademaster Acquires Battco Mfg.
Blademaster has acquired Battco Manufacturing. Battco is a manufacturer of riveters and related products for the skate industry…
Vital Picks Up Apparel License for Warrior Sports
Warrior Sports has signed an apparel license agreement with Vital Apparel. Through the licensee agreement, Vital will design and develop Warrior branded apparel in association with the Warrior product and design groups as well as work to introduce new and
Spyder Promotes COO Jacobs to CEO
Spyder promoted president and COO Jake Jacobs to the position of CEO and president. Mr. Jacobs assumes the role of CEO from David Jacobs, the company’s founder and his father, who will remain the company’s Chairman of the Board…
Everlast to Be Acquired by Sports Direct Subsidiary
Everlast Worldwide Inc. has signed a definitive agreement to be acquired by Brands Holdings Limited, for $30.00 per share in cash, a 29.6% premium to its closing price on May 31, 2007, and a 47.2% premium to the average closing price over the last month.
Heelys Withdraws Secondary Public Offering
Heelys, Inc. has withdrawn its registration statement with the Securities and Exchange Commission for an underwritten secondary public offering of 4,500,000 shares of its common stock by certain of its stockholders. The statement was originally filed on M
Reef Launches ‘Reef Redemption’ Action Plan
Reef is working toward leaving a smaller footprint on the earth with a new company wide humanitarian and environmental initiative called Reef Redemption. The Reef Redemption initiative encompasses a 3-step action plan containing the Reef Redemption Produc
Injinji Names VP of Sales and General Manager
Injinji Footwear, Inc. promoted Jan Kimbrell to VP of sales and general manager. Responsible for supervising all aspects of Injinji’s business development and key accounts, Kimbrell will work directly with the internal and outside sales force team to str
Dragon Names International Marketing Manager
Dragon has added JC Clenet as the company's new international marketing manager. Starting July 2nd, JC will manage a newly developed position at Dragon designed to drive marketing strategies and initiatives for all markets outside the United States..
Hanesbrands to Close Plants, Cut Jobs to Reduce Costs
Hanesbrands Inc. will close nine plant in four countries and reduce worldwide management and administrative jobs as part of a multiyear effort the company began when it was spun off as an independent company in September 2006 to consolidate manufacturing