Author: Thomas J. Ryan

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

Recall: 49,000 Trek Girls Bikes

February 7, 2008 SGB Update

Trek Bicycle Corp. is voluntarily recalling about 49,000 girls bicycles because the bike frames may break while in use. Trek has received 13 reports of frames breaking, including four minor injuries, the U.S. Consumer Product Safety Commission…

Magic Tradeshow Moves to Three-Day Format

February 6, 2008 SGB Executive

Magic International's flagship event will move from four days to three this year in response to exhibitor and visitor requests. Magic, WWDMagic, Magic Kids and Sourcing at Magic are all affected by the change, which takes effect with this summer&#039

Red Oak Sportswear to Cease Operations

February 6, 2008 SGB Executive SGB Update

Red Oak Sportswear, the maker of licensed sports apparel in College Station, TX, plans to cut 124 jobs as it winds down operations, according to documents filed with the Texas Workforce Commission. The company, a division of Illinois-based Knights Apparel

Sun Capital Urges Kellwood Shareholders to Accept Offer

February 6, 2008 SGB Executive

Sun Capital Securities Group, LLC sent the following letter urging Kellwood Company’s shareholders to tender their shares into Sun Capital’s previously announced $21.00 per share all-cash tender offer. The tender offer and withdrawal rights are scheduled

Comcast Exec Joins GSI’s Board

February 6, 2008 SGB Executive

GSI Commerce Inc. announced that Lawrence S. Smith,a former exec at Comcast Corp., has been elected by the company's board of directors to serve as a director of the company. Smith will stand for re-election for a one-year term at the company's

Saucony Names VP of Marketing

February 5, 2008 SGB Update

Saucony named Mary (Creedon) O’Brien to the role of vice president of marketing and promoted Pete Calichman to vice president of national accounts. Both O’Brien and Calichman are veterans of Saucony, having launched their sports marketing careers with th

Adidas Partners with US Youth Soccer

February 5, 2008 SGB Update

The United States Youth Soccer Association (US Youth Soccer) and adidas formally announced an extension of its marketing partnership that initially began in 1989. In this extension that will run through 2010, with option years that could extend the relati

Sports Direct Partners with China’s ITAT

February 5, 2008 SGB Update

Sports Direct International PLC, the UK sporting goods conglomerate, announced a strategic relationship with China's ITAT Group to move into the rapidly expanding Chinese retail market before the Beijing Olympics in August. Sports Direct will invest

Mizuno Launches New Global Tagline

February 5, 2008 SGB Update

Mizuno Corporation, having celebrated its 100-year anniversary in 2006, is launching a new global tagline, “Never Settle,” in 2008 to take the legendary specialty sports company into the next century of leadership in sporting goods technology, innovation,

Burton Acquires Alien Workshop and Habitat

February 5, 2008 SGB Update

Burton has acquired DNA Distribution, which includes skateboarding brands Alien Workshop, Habitat and Reflex. DNA Distribution will continue to operate in Dayton, Ohio and CEO and Co-Founder Chris Carter will continue to oversee the DNA brands, which incl

Lucy Activewear Names President

February 5, 2008 SGB Update

Lucy Activewear Inc. has named Michelle Lantow as president. Lantow joined Lucy in 2000 as chief financial officer and has been acting president since November, when Mike Edwards resigned…

Bakers Footwear Gets Funding

February 5, 2008 SGB Update

Bakers Footwear Group issued 350,000 shares of common stock and entered into a $7.5 million subordinated secured term loan with Private Equity Management Group (PEMG) and an entity affiliated with PEMG. Bakers received net proceeds of about $6.7 million a

Sports Chalet Posts Q3 Loss

February 5, 2008 SGB Update

Sport Chalet, Inc. reported that including a non-cash impairment charge, its net loss for Q3 was $682,000, or 5 cents a share. On January 14, the retailer warned that it would lose between 6 cents to 9 cents a share after a charge of approximately $2.1 m

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