Author: Thomas J. Ryan

Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699

Li Ning’s Futures Orders Climb

October 19, 2015 SGB Update

Li Ning Company Ltd. reported orders for the third quarter ended Sept. 30 are up high teens overall compared to last year. The growth was driven by mid-teens increase in footwear as well as low-twenties increase in apparel…

Jarden Enhances Team Biz with Jostens Acquisition

October 16, 2015 SGB Update

Seeing the move as a way to “significantly increase” Rawlings team sports sales, Jarden Corp. agreed to acquire Jostens Inc. for $1.5 billion. On a conference call with analysts, Jim Lillie, Jarden’s CEO, said the acquisition will bring

Under Armour COO/CFO to Step Down in Early 2016

October 16, 2015 SGB Update

Under Armour’s COO and CFO, Brad Dickerson, will be stepping down in February 2016 in order to pursue an opportunity outside the sports industry. He will join Blue Apron, the New York-based recipe and ingredient delivery service…

Garmin Cuts Full-Year Guidance on Pricing Pressures

October 16, 2015 SGB Update

Garmin Ltd., in its second downward revision of the year, trimmed its EPS and revenue outlook for the year due to pricing pressures and foreign currency headwinds. Revenue targets were also lowered for its fitness, outdoor and aviation segments…

Asics Sued by Former Retail License Partner

October 16, 2015 SGB Update

Asics’s 13 full-price stores in the U.S. have quietly been closed and Asics America now faces a lawsuit from Windsor Financial Group, which had the exclusive rights to operate retail stores in the U.S…

Freestyle and Game Time Watch Parent Files for Bankruptcy

October 16, 2015 SGB Update

Geneva Watch Group, which makes the Freestyle sports watch line, filed for bankruptcy with plans to sell the company.
The company has already lined up a $15 million lead bid for its assets from an affiliate of China's Time Watch Investments Ltd., ac

Colt Defense Nears Exit From Bankruptcy

October 16, 2015 SGB Update

Colt Defense LLC filed a plan of reorganization after reaching an agreement on with a promise of $50 million in new financing. The 179-year-old supplier of M4 carbines and M16 rifles for the U.S. and foreign militaries, which filed for bankruptcy in June,

PSG’s Q1 Stymied by Launch Timing and Currency Woes

October 16, 2015 SGB Update

Performance Sports Group (PSG) reported profits declined sharply in its fiscal first quarter on an 11.2 percent drop in sales. The decline was expected due to the timing off product launches and foreign currency exchange headwinds. The company had warned

Hoka One One Relocates to Goleta, CA

October 16, 2015 SGB Update

Hoka One One has relocated to the headquarters of its parent, Deckers Brands, in Goleta, CA, from Richmond, CA. A Deckers Brand spokesperson said the move was made to better align Hoka with the resources available through the larger Deckers family to furt

Nike Doubles Down on Innovation

October 16, 2015 SGB Update

Nike Inc., at its first investor meeting in two years, set an ambitious growth target to reach sales of $50 billion by 2020. Particularly strong growth was predicted for its women’s business, running, Jordan Brand and e-commerce. Said Mark Parker, N

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