adidas and Samsung have teamed up to introduce miCoach, a mobile phone that works with adidas shoes and apparel to plan, track and motivate users in training. It combines a mobile phone, heart rate monitor, stride sensor, MP3 player and the voice of a “pe
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Sports Specialists Limited Adds Board Member
Sports Specialists Limited (SSL), a retailer-owned specialty buying group for the snow sports, action sports, bike, outdoor, and casual outdoor furniture industries, recently elected Alan Newman to its Board of Directors. Alan Newman and his wife Liette a
Fila EMEA Management Undergoes Buyout
Fila has agreed to a management buyout of its Europe, Middle East, Africa and Indian sub-continent division for an undisclosed sum. Chief executive Stefano di Martino led the buyout and will continue in the same role. Former Adidas global marketing direct
Gregory Mountain Makes New Hires
Gregory Mountain Products, has hired a new controller, materials manager and international/domestic customer service representative. As Gregory transitions to its new downtown Sacramento office, it continues to recruit for several open positions, includin
Escalade Increases Dividend
Escalade, Inc. increased its quarterly dividend by 14%. Its board authorized the payment of a 25 cents per share dividend payable March 21, to all shareholders of record on March 14…
Summit Golf Brands Names Santana VP Global Manufacturing and Sourcing
Summit Golf Brands, has named apparel-industry veteran David W. Santana as its new VP, Global Manufacturing & Sourcing. In his new role, Santana will be responsible for product development and worldwide sourcing of high-end golf wear. He also will be resp
Heelys Posts $5.5 Million Q4 Loss; Sales Plunge 86%
Heelys, Inc. reported a loss of $5.5 million in the fourth quarter. Revenues were only $9.8 million, an 86% tumble from revenues of $71.1 million a year ago. “Our fourth quarter results reflect the ongoing challenge to bring retail inventories more in-lin
Steve and Barry’s Gains Funding
GE Commercial Finance Corporate Lending has provided a $197 million asset-based credit facility to Steve & Barry’s. The loan will be used for ongoing working capital needs. GE Capital Markets arranged the transaction…
Umbro’s CEO Steve Makin Exits
Nike, Inc. and Umbro announced that Steve Makin, CEO and board member of Umbro Plc, has decided to leave the company. Effective immediately, Makin will be succeeded as president and CEO by Matthew Cook, who most recently was general manager of Nike Italy.
Genesco / Finish Line Merger Comes to a Head…
All eyes will be on New York this week as a federal judge is expected to make rulings that could stamp out litigation over The Finish Line Inc.’s stalled $1.5 billion acquisition of fellow mall shoe retailer Genesco Inc…
Prince Sports Acquires Top Paddle Tennis Brand…
Prince Sports last week announced plans to acquire the platform tennis brand, Viking Athletics. The deal is the first for Prince Sports since Nautic Partners, based in Providence, RI, acquired a majority interest in the tennis brand last July. Details of
K-Swiss Inc. Sees Domestic Turn-Around Falling into 2009; China Labor a Worry…
K-Swiss Inc. continued to see weakness in the U.S. market and may be seeing some chinks in the International business as well. The company had been able to rely on a fast-growing International business to offset the weakness in the Domestic market, but I
Puma AG Sees Growth Slow Again, But U.S. Slow Down Helps Margins…
After years of double-digit growth, Puma AG came back down to earth in 2007, posting weaker growth for the year despite the continued consolidation of former distributors and a growing owned-retail business, thanks in large part to a decline in the U.S. a
Deckers Doubles Fourth Quarter, Full Year Net Income on Sales Growth Trifecta…
Deckers Outdoor Corporation saw its UGG brand continue to drive overall company sales in the fourth quarter as the core boot product remains a winter staple, while newer introductions apparently performed well. In addition to the strength with that fashio
Big 5 Anticipates Negative Comps through 2008…
Big 5 Sporting Goods Corporation’s same-store sales fell 4.7% in the fourth quarter and will do more of the same throughout 2008. The retailer said it expects same-store sales to decline in the low to mid-single-digit range in the first quarter and for th
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