New Era Cap Co., Inc. has signed a partnership agreement with Asia's Mainland Headwear Holdings Ltd. to service its growing demand in Europe and other international markets as well as gain entry into the expanding Chinese market where Mainland alread
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Fire Destroys Bell Sports Cargo
A fire at a Bell Sports storage facility in Rantoul, IL, destroyed a semitrailer truck packed with sporting goods, damaged an adjacent truck trailer and caused slight damage to a nearby building, according to the News-Gazette. Rantoul Fire Chief Ken Water
Nau Reopens; Sells to Specialty Retailers for the First Time
Nau, Inc., which was acquired by Horny Toad in October, reopened for business with the launch of a completely redesigned e-commerce website featuring its Fall '08 apparel line. It also affirmed its commitment to a new version of its Partners for Chan
Fitness Holdings Inc. Files for Bankruptcy Protection
Fitness Holdings International Inc., the parent of Busy Body Home Fitness, OMNI Fitness Equipment and LA Gym Equipment, filed for Chapter 11 bankruptcy protection. The fitness retailer blamed economic weakness and a lender that called in a loan. The Long
JJB Sports Sells 5% Stake to Sports Direct
JJB Sports, the second-largest U.K. sporting-goods retailer, raised £3.4 million ($5.9 million) by selling a 5% stake in the company to Sports Direct International. Proceeds from the sale of 11.9 million new shares will be used “for general working capit
Nike Golf Partners with Canadian PGA
The Canadian PGA partnered with Nike Golf Canada as the association's first major sponsor in the Canadian PGA National Education Program. Nike Golf becomes the presenting sponsor of the Instructor Beginner course in the Canadian PGA Teaching and Coac
Shoe Pavilion To Liquidate
Shoe Pavilion, which filed for bankruptcy in July, plans to close all its stores after 29 years in business. The retailer said on Monday that it has commenced a going-out-of-business sale in all 64 of its locations…
Bushnell to Acquire Ultroptic S.A.
Bushnell signed a definitive agreement to acquire Ultroptic S.A of Barcelona, Spain via the Bushnell wholly-owned subsidiary Bushnell Outdoor Products SAS. Ultroptics is currently a Bushnell distributor and handles the full line of Bollé and Serengeti eye
VF Corp. Q3 Net Climbs 11.8%; Slashes Q4 Guidance
VF Corp. saw an 11.8% gain in third quarter earnings on a 6% revenue gain. However, due to a “significant deepening of the global financial crisis and worsening economic conditions taking a heavy toll on consumer confidence and spending in many markets ar
NRF Calls on Congress to Pass Stimulus Legislation
The National Retail Federation called on Congress to hold a “lame duck session” to address the nation’s economy as soon as possible after the November elections, and to include tax relief for consumers in any economic stimulus package that is adopted…
Play It Again Sports Parent Sees 14.8% Q3 Sales Gain
Winmark Corp., the parent of Play it Again Sports, reported net income rose 3% in the third quarter ended September 27, to $1.35 million, or 24 cents a share, from $1.13 million, or 20 cents, in 2007. Revenues climbed 14.8% to $9.12 million from $7.95 mil
Former Macy’s Exec Becomes Steve and Barry’s CEO
Steve & Barry's appointed Harold “Hal” Kahn as chief executive officer, effective immediately. Kahn has worked in the retail business for 35 years, including 10 years as chairman and CEO of Macy's East, a division of Macy's, before leaving
American Recreation Products Hires Director of Marketing
Matt Sungy has been named marketing director with American Recreation Products (ARP). Sungy officially started on Oct. 1, working from ARP’s Boulder offices, assuming full marketing responsibilities for Kelty, Slumberjack and Sierra Designs brands…
Klip America Secures Worldwide Rights to Volkl Tennis
Marker Volkl International of Baar, Switzerland and Klip America of San Diego, California have jointly announced that Klip America has been named the World Wide Licensee for Volkl Tennis Equipment, Bags and Accessories…
Mammut Sports Sees 9.2% YTD Sales Gain
Conzzeta Group said its sporting goods business unit, Mammut Sports Group, achieved sales of CHF 111.9 ($98.9 million) in the first eight months through August 2008, a 9.2% improvement on the previous year. The company, based in Zurich, Switzerland, said
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