Author: Thomas J. Ryan

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

City Sports Files for Bankruptcy, Seeks Sale of Stores

October 5, 2015 SGB Update

City Sports Inc. has filed for Chapter 11 bankruptcy protection. The Boston-based chain plans to hold going-out-of-business sales at eight of 26 stores and seek out a buyer for the remaining locations. According to court documents, vendors are owed about

Nike Chairman Phil Knight to Pen Memoir

October 5, 2015 SGB Update

Phil Knight, the co-founder and chairman of Nike, Inc., has written a memoir. Simon & Schuster Inc. told the Associated Press the book, currently untitled, is scheduled for Spring 2016…

USATF to Share More Revenue With Athletes

October 2, 2015 SGB Update

USATF (U.S.A. Track & Field) designed a formula to distribute an extra $9 million in cash to top athletes and also took steps to clarify language in a much-debated form that runner Nick Symmonds refused to sign before this year’s world championships

Phil Knight Talks Past and Future

October 2, 2015 SGB Update

In his first interview since revealing his retirement plans in June, Nike's founder Phil Knight talked to USA Today about the past but also about competitive threats from Under Armour and Adidas…

Newton Running Appoints Joe O’Neil as New CEO

October 2, 2015 SGB Update

Newton Running has hired athletic footwear industry veteran Joe O’Neil as its new CEO. O’Neil most recently was senior vice president of Quiksilver Inc.-owned footwear brand DC Shoes. He replaces Newton co-founder Jerry Lee as CEO, who will re

Shoes For Crews Sold to PE Firm

October 2, 2015 SGB Update

Shoes For Crews, a leader in slip-resistant footwear, has entered into a definitive agreement to be acquired by CCMP Capital Advisors LLC. The company’s founders, the Smith family, will rollover a portion of their equity as part of the transaction..

Golf Rounds Improve in July

October 2, 2015 SGB Update

Golf rounds played were up 1.6 percent in August 2015 versus August 2014, according to Golf Datatech. The biggest regional gains came in East North Central, climbing 7.3 percent, followed by Mid Atlantic, 2.8 percent…

Crocs’ Near-Term Pressures Continue

October 2, 2015 SGB Update

While noting major progress on its transformation efforts at its annual analyst meeting last week, Crocs Inc. also lowered its guidance for revenues in the third quarter. The revision was attributed to unfavorable foreign currency exchange rates and the c

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