Blacks Leisure expects to post a pretax loss of around £4.5m ($8m) this year because of poor sales trends, especially during August, and a sales drop of 16% in the Boardwear market. The U.K. outdoor retailer said: “During the first half the Outdoor busine
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Garmin to Acquire Swedish Distributor
Garmin Ltd. has signed a letter of intent for the proposed acquisition of Sportmanship International AB (“Sportmanship”), the distributor of Garmin’s consumer products in Sweden. Financial terms of the transaction were not released. Following the acquisit
Boxercraft Undergoes Recapitalization
Boxercraft Inc., a manufacturer of spiritwear and collegiate licensed apparel based in Atlanta, has undergone a recapitalization through River Associates Investments, LLC and Boxercraft’s management. The recapitulation was supported by a $21 million “one-
Home Depot Co-Founder Becomes Golf and Tennis Pro Shop Chairman
Golf & Tennis Pro Shop, Inc., owner and operator of PGA TOUR Superstores, appointed Arthur Blank, co-founder of The Home Depot and owner & CEO of the Atlanta Falcons, to its board. Blank was also named chairman of the board, replacing Golf & Tennis Pro Sh
Jimmy Jazz Opens Third Store in Philadelphia
Jimmy Jazz opened its third store in Philadelphia in the Roosevelt Mall. In a statement, the urban retailer said that as part of a larger growth strategy, it will continue to open several retail stores in the eastern US before the end of 2008. Expected lo
Wolverine Worldwide Posts 2.8% Q3 Sales Gain; Raises Guidance
Wolverine World Wide, Inc. reported revenues in its third quarter ended Sept. 6 grew 2.8% to $318.9 million from $310.2 million in the prior year, led by a high-single gain for the Merrell brand. Earnings rose 5.8% to $31.2 million, or 62 cents a share, f
Asics Sues Dolce and Gabbana Over Striped Footwear Trademark
Asics has filed a lawsuit against Dolce & Gabbana SpA for allegedly copying its stripe design on sneakers and high-top shoes. The complaint filed Sept. 19 in U.S. District Court, Central District of California (Los Angeles) claims Dolce & Gabbana is using
Nike Names VP/GM, Men’s Athletic Training
Nike Inc. appointed Nike veteran Kris Aman as VP and GM of men’s athletic training. Aman has been with Nike for 12 years and most recently served as the global GM of Beijing ’08. Aman will lead an integrated consumer-oriented focus across footwear, appare
Rip Curl Names VP, Merchandising Operations
Rip Curl promoted Brian Bosson to VP of merchandising operations. In his new role, Bosson will expand his responsibilities overseeing the Tech Product Division into the production and development business…
Sole Technology Names European Manager
Sole Technology promoted Jan Van Leeuwen to general manager and VP of its Amsterdam-based European headquarters. As general manager, Van Leeuwen will direct and oversee all operational efforts for each of the brands for Europe…
Sports Illustrated Opens First Store
Sports Illustrated opened its first-ever retail store when Detroit Metropolitan Airport unveiled its new North Terminal on Sept. 17. The SI store features an array of branded consumer products including apparel, books and magazines as well as branded merc
Dick’s SG Appoints Schmidt as President
Joseph M. Schmidt, currently EVP of operations and COO, will assume the role of president and COO for Dick's Sporting Goods. The promotion will be effective Feb. 1, 2009, the beginning of the company's 2009 fiscal year. Edward W. Stack will reli
TaylorMade-adidas Appoints COO
TaylorMade-adidas Golf Company promoted Pete Sanchez to the position of COO. In his new role, Sanchez will oversee the company's engineering, supply chain, sourcing, procurement and all manufacturing operations. Sanchez joined TaylorMade-adidas Golf
OBIT: Phil Chiarella
Phil Chiarella, an EVP of Canstar Sports USA (formerly Bauer) when it was sold to Nike Inc. in 1995, died last week at the age of 66 after a long battle with prostate cancer, according to the Montreal Gazette. He has been credited with leading the develop
Amer Sued by Avocet Sports Technology
Avocet Sports Technology, based in Menlo Park, CA, has filed a lawsuit against Amer Sports and its subsidiary, Suunto USA, for infringing on three patents for altimeter devices. The suit seeks monetary damages in excess of $20 million…