Author: Thomas J. Ryan

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

Adidas to Rethink Olympic Support

January 16, 2008 SGB Executive SGB Update

Adidas officials told a German newspaper that it will reconsider support for the Olympics after the 2008 Beijing Olympics in light of the continued ban by the International Olympic Committee on displays of the Adidas three-band logo on team uniforms…

Hanesbrands to Close Two Plants

January 16, 2008 SGB Update

Hanesbrands Inc., the parent of Champion, announced plans to close its manufacturing facilities in Advance and Asheboro in North Carolina by the end of June 2008, leaving 120 employees without jobs. Production will be outsourced to Central America, Asia a

Augusta Sportswear Sold to PE Firm/Management

January 16, 2008 SGB Update

Augusta Sportswear Holdings Inc., a Georgia supplier of athletic apparel and outerwear, was sold by one private equity firm to another PE firm and members of Augusta's management. Terms of the deal were not disclosed…

Walking Co. Closes Natural Comfort Acquisition

January 16, 2008 SGB Executive

The Walking Company closed its acquisition of substantially all the assets of Natural Comfort Footwear, Inc. effective January 15. Natural Comfort, an independent comfort shoe retailer in Florida, has eight stores operating under the names Natural Comfort

Callaway Forecasts 10% Rev Gain

January 16, 2008 SGB Executive SGB Update

Callaway Golf Co. expects sales for the year ended December 31 to increase approximately 10% to a record $1.125 billion, up from $1.018 billion a year ago. Earnings are expected to come in between 79 to 81 cents a share, which compares with earnings of 3

Stearns Announces Layoffs

January 16, 2008 SGB Executive SGB Update

Stearns Inc. has laid off more than 20 employees, including President Paul Ebnet. The downsizing will be taking place over the next nine months, director of human resources Loretta Trulson said in a statement. Affected employees were informed of the chang

OGIO Hires Global Director of Golf

January 15, 2008 SGB Update

OGIO has hired Tom Gocke, a 15-year veteran of the golf industry and OGIO's national golf sales manager, as its first Global Director of Golf. Steve Elder, who until recently worked as OGIO's director of operations, will serve its Director – I

REI to Open Eco-friendly Store in Texas

January 15, 2008 SGB Update

Recreational Equipment Inc. plans to open a new 32,700-square-foot store near Austin, Texas, this fall. The store will be the second location of the company's new retail prototype design, which incorporates green building concepts. The two-story REI

Mavic to Launch Soft Goods Line

January 15, 2008 SGB Executive

Mavic will launch a full range of cycling footwear, apparel and accessories next year for the spring/summer season. The line will replace the Adidas cycling line…

Sun Capital Starts Kellwood Tender Offer

January 15, 2008 SGB Update

Sun Capital Securities Group LLC took its $21-per-share offer cash bid directly to Kellwood Co. shareholders, launching a tender offer after being rejected twice by the St. Louis-based apparel maker. In the outdoor space, Kellwood owns Sierra Designs, Kel

Simple Launches Eco-Exclusive at Walking Co.

January 15, 2008 SGB Update

The Walking Co. announced the exclusive launch of PlanetWalkers by Simple. PlanetWalkers will be featured at Walking Co.'s 190 stores this summer as part of a month-long 'Sustainable Comfort' promotion highlighting efforts across the comfor

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