Moretz, Inc. and Gold Toe Investment Corp. will combine, creating one of the largest global sock companies. The deal is backed by The Blackstone Group, a global private investment and advisory firm, which is acquiring Gold Toe and simultaneously facilitat
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
Li Ning Signs Shaq to Endorsement Deal
Li Ning Company Limited has signed a five-year agreement with Shaquille O’Neal which will see the pair jointly develop the LI-NING – SHAQ Series. The basketball product line will feature the professional endorsements of Shaquille O’Neal, including his im
Sportsman’s Guide Turns to Golf Warehouse for Q2 Help
For the second quarter, Sportsman's Guide, Inc. reported net sales of $69.2 million, an increase of 8.6% from $63.8 million during the year-ago period. Sales at The Sportsman's Guide increased 8.4% to $46.8 million, while sales at The Golf Ware
RECALL: L.L. Bean Safety Harness
L.L. Bean is recalling the Summit Safety Harness, which was included in the accessory packet that came with the Summit Treestand, purchased sometime after June 2005. Summit Treestands, LLC has worked with the US Consumer Product Safety Commission (CPSC) t
adidas Group Ups Sales Guidance on Strong Q2…
adidas Group increased its guidance for the year on better-than-expected gains at both brand adidas and TaylorMade-adidas Golf in the second quarter. The company also increased guidance on its full year brand adidas outlook despite footwear backlog decli
TM-aG Increases 2006 Guidance on Strong Q2, GNC…
TalylorMade-adidas Golf sales increased 30.7% for the second quarter to €264 million ($332 mm), compared to €202 million ($255 mm) in the 2005 second quarter. In U.S. Dollar terms, TM-aG sales grew 30.3%. TM-aG currency-neutral sales increased 28% in the
Hibbett SG Lowers Q2 Guidance Despite 11% Sales Jump…
In a preliminary sales report, Hibbett Sporting Goods saw strong top-line results for the second quarter for fiscal 2007, but now expects to report net income per diluted share of 12 cents to 13 cents versus the previous guidance for the second quarter of
Outdoor Recreation Contributes $730 Billion to U.S. Economy…
Outdoor Industry Foundation introduced a research report designed to document the economic impact of outdoor recreation spending. The well-attended press conference included comments from Frank Hugelmeyer, president of Outdoor Industry Association, Secret
Pacific Sunwear Q2 Net Halved on Slowing Comps…
Pacific Sunwear of California, Inc. had one of its toughest quarters in recent memory, with a slight increase in sales that was trumped by a mid-singles comp sales decrease and building, bloated inventories. The combination cut the bottom line contributi
Adams Golf Gets Irons Help in Q2, but Drivers Cut in Half…
Adams Golf saw total net sales increase 29.8% to $25.7 million for the second quarter from $19.8 million for the same period last year. Net sales of drivers decreased 54.8% to $2.8 million, or 10.9% of total net sales, for the second quarter from $6.2 m
Big 5 Shrugs Off DC Impact to Post Solid Second Quarter Results…
Big 5 Sporting Goods posted its 42nd consecutive quarter of comparable sales increases in Q2 and fought off a slight decrease in gross margins on their way to strong double-digit gains on the bottom line. Management attributed their sales gains to “a com
Collegiate Pacific Warns of Q4 Loss; Still Tries to Get Sport Supply Deal Done…
Collegiate Pacific, Inc. offset news that it would be reporting a loss for the fourth quarter, a loss it attributes to a shift in delivery timing, with the announcement that it is once again attempting to acquire the approximately 17% of shares in Sport S
Asics Q1 Rides non-Japan Gains…
For the first quarter ending June 30, Asics Corp. saw net sales increase 21.3% to ¥51.7 billion ($452.8 million) from ¥42.6 billion ($396.5 million) last year. Gross margin for the company improved 280 basis points to 45.8% of net sales from 43.0% during
New Balance Acquires Brine…
New Balance has acquired Brine, Inc. for an undisclosed amount. Jim Davis, Chairman and CEO for New Balance said that the acquisition will allow the company to broaden its product offering on a global scale. This will also give New Balance a much larger f
Amer Boosted by Outdoor, Team, and Racquet Sports
Amer Sports continues to focus heavily on the integration of Salomon and the restructuring of the French company’s different manufacturing facilities. The company continues to be on-schedule with these initiatives, but there is still much work to be done.
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