La Playa Holdings, a subsidiary of Podium Venture Group, has acquired a minority interest in VERuM Sports Inc., a faith-based sports brand. Atlanta-based VERuM, which is Latin for truth, partners with Christian athletes and sports organizations at all lev
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Reef Promotes Marketing Directors
Reef, a subsidiary of VF Corp., promoted Lindy Williams to Girls’ Marketing Director and PJ Connell to Men’s Marketing Director. Said Kevin Flanagan, Reef VP of Marketing. “Both have been instrumental in growing Reef during the brand’s explosive year wher
Sport Supply Group Q1 Net Rises 24.2%
Sport Supply Group, formerly Collegiate Pacific, reported revenues grew 3.2% in its first quarter ended Sept. 30, to $70.4 million from $68.2 million. Net income improved by 24.2%, to $4.1 million, or 31 cents a share, from $3.3 million, or 28 cents, a ye
L.L.Bean Earns Worker Safety Standards
L.L.Bean has become the 15th Maine employer to enroll in a program that lets companies develop and maintain employee protections beyond federal safety regulations. A ceremony on Tuesday marked the entry of L.L. Bean's Brunswick manufacturing facility
Hanesbrands Inc. Inks Disney Deal
Hanesbrands Inc. signed a wide-ranging marketing deal with Walt Disney Co. that includes product co-branding, attraction sponsorships and signage at Disney parks and resorts. Under the 10-year deal, all basic apparel sold by Disney at its parks and resort
Spalding President to Retire
Scott Creelman, president of Spalding, is retiring March, 31st, 2008. Russell Athletic president, Doug Kelly will assume the overall managing responsibilities of both Russell Athletic and Spalding brands, which also includes Bike, Dudley, AAI and Huffy Sp
Nike Adds Gloves to NFL Deal
Nike expanded its current footwear and promotional rights agreement with the National Football League to include branded gloves on-field and at retail and grassroots programming. The new deal will commence in week eight of the 2007 NFL season, beginning w
The North Face Wins Piracy Case in Beijing
The North Face won a lawsuit against a Beijing market that failed to stop the sale of fake versions of its products. The Beijing Xiushui Clothing Company, which operates the Silk Alley market, was ordered by a local court to pay 40,000 yuan ($5,300) in da
Nike Expands Soccer Footprint with Umbro Deal
It is ironic that in a week that saw American football invade London, as the New York Football Giants took on the Miami Dolphins in the first NFL regular season game outside the U.S., that an American company would reveal its plans to acquire the U.K.
GSI Commerce Sees 16% Q3 Revenue Jump…
GSI Commerce's Q3 revenues increased 16% to $137.3 million, with 36% growth in service fees and 8% growth in product sales. Merchandise sales increased 36% in Q3, on top of 84% growth last year. Sporting goods merchandise sales growth accelerated seq
Champion Activewear Boosts Sales at Hanesbrands
Outerwear sales, including Champion activewear, rose 9.7% to $349.4 million at Hanesbrands in the third quarter, thanks to a shift toward basic apparel for casualwear in the mass merchandising channel. The figures also reflect success of C9, a private lab
Skechers Firing On All Cylinders in Third Quarter…
Skechers USA, Inc. posted its 15th consecutive quarterly sales growth in the third quarter with both sales and net income coming in higher than earlier guidance. The discontinuation of a pair of the company's fashion lines ate into gross margins, but
Rocky Brands Income Drops Despite Q3 Sales Gains
Rocky Brands, Inc. third quarter of 2007 net sales increased 5.4% to $82.3 million versus net sales of $78.1 million in the third quarter of 2006. The increase in sales was primarily driven by a 25.0% increase in retail revenues, combined with a slight in
ADA’s Fall Show Hosts Growing Group…
A short conversation with Pete Schneider, president of Athletic Dealers of America, Inc. at the ADA Fall Session in Kansas City last weekend showed the enthusiasm driving the rejuvenation of this buying group. Pete talked with sincere honesty about buildi
Brunswick Q3 Fitness Equipment Sales up 10%…
Fitness equipment was the bright spot in a dour third quarter earnings report and forecast by Brunswick Corp., which is being pummeled by a downturn in the U.S. boating market…
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