Olympic Gold Medalist Michael Phelps announced the establishment of the Michael Phelps Foundation and made his first donation by committing the well-publicized $1 million bonus he will receive from Speedo for winning eight gold medals in Beijing. The Foun
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Winmark Hires CFO
Winmark Corp, the parent of Play it Again Sports, announced the appointment of Tony Ishaug as the chief financial officer. Ishaug was recently chief financial officer and chief operating officer of the Department 56 division of Lenox Group, Inc. He has se
Acushnet Plans Ball Plant in Asia
The Acushnet Company plans to produce its top-selling Titleist Pro-V1 golf balls at a factory somewhere in Asia within 3 to 5 years. Domestic production of the Pro-V1 eventually will be trimmed about 20 percent and an estimated 100 jobs will be eliminated
Adidas Partners with Right To Play
Continuing its partnership that began in 2007, Adidas and the Toronto-based Right To Play will work together to raise awareness and funds for Right To Play's programs around the world through the second global Red Ball campaign. Right To Play is an i
GoldToeMoretz Names Pres and COO
GoldToeMoretz LLC named Stephen Lineberger as its president and chief operating officer. Lineberger, a senior vice president and general manager for Hanesbrands' international unit, will begin his duties in mid-September…
Taiwan Bicycle Exports Soar in North America
Taiwan's unit exports of bicycles to North America during the first six months of 2008 rose by 19% to 386,671 bikes from 325,745 bikes in the same period a year earlier, according to statistics from the Taiwan Bicycle Exporters' Association. By
Converse One Line Expanded at Target
The Converse One Star collection is being expanded at Target Stores this Fall season, and now covers denim, knit dresses, sweaters, graphic tees and outerwear, as well as new vintage-inspired accessories, according to a report in Women's Wear Daily.
Cannondale Sports Group President Departs
Dorel Industries Inc. announced that Jeff Frehner, president and CEO of the Cannondale Sports Group (CSG), has decided to leave the company for family reasons. Robert P. Baird, Jr., president of the Dorel's Recreational/Leisure segment, which include
DSW’s Q2 Profits Soar on Improved Margins
DSW Inc. reported second quarter earnings jumped 69% to $11.0 million, or 25 cents a share, from $6.5 million, or 15 cents, a year earlier. Revenues inched ahead 2.4% to $357.2 million from $348.7 million. Same store sales decreased 6.9% for the comparabl
Reebok Hockey Partners with NHL Premiere Series
Reebok Hockey announced its partnership with the National Hockey League (NHL) for the 2008 NHL Premiere Series in Stockholm, Sweden and Prague, Czech Republic taking place on October 4th and 5th. Under this partnership, Reebok will be a category exclusive
Genesco’s Q2 Comps Climb 4%; Raises FY09 EPS Outlook
Genesco reported net sales for the second quarter increased by 8% to $353 million from $328 million a year ago. Comparable store sales increased 4%. Excluding special items, continuing earnings were $3.6 million, or 18 cents per share, in the quarter agai
Court Upholds Gander Mountain Legal Victory
Gander Mountain Co. announced that a panel of the United States Court of Appeals for the Eighth Circuit unanimously upheld a judgment granting Gander Mountain a sweeping victory in its long-standing dispute with rival Cabela's over the right to use c
Lacrosse Unlimited to Host Free Lacrosse Clinics
Lacrosse Unlimited (LU), the Long Island lacrosse retailer, and lacrosse performance brand STX will host two free youth lacrosse clinics for boys led by Major League Lacrosse (MLL) player Kyle Harrison. The first clinic will be hosted by LU's Babylon
Walmart Launches Game Time Headquarters
Walmart announced its game plan to completely transform more than 1,700 of its Garden Centers into “Game Time Headquarters,” customized for supporters of local college or professional football teams. Beginning this week and running through September 30, W
Sport Supply’s Q4 Profits Surge
Sport Supply Group reported sales climbed 8.9% in the fourth quarter ended June 30, to $61.1 million. The company earned $1.81 million, or 15 a share, against as loss of $302,000, or 3, a year ago. Gross margins improved 180 basis points from 34.4% to 36.
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