G.I. Joe's has officially changed its name to Joe's. The change to a shorter name coincides with the company's 55-year anniversary, and the simultaneous openings of new stores in Bellevue and Kirkland, Wash. The retailer, based in Wilsonvil
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
True Temper Has Tough ’06
True Temper Sports, Inc. saw fourth quarter net sales decrease 11.8% to $24.2 million from $27.4 million last year. The company recorded a net loss for the 2006 fourth quarter of $4.6 million, widening from $0.6 million during the year-ago quarter…
Reebok Celebrates 25th Anniversary of Freestyle Collection
To commemorate its 25th anniversary, Reebok kicked off “Freestyle Forever,” an exclusive event to launch the new Freestyle collection. Reebok said the original Reebok Freestyle was one of the first athletic shoes created especially for women and made up m
Nike Inc. Hires Pixelworks’ CFO
Nike Inc. plans to hire Mike Yonker, CFO, corporate secretary and treasurer of Pixelworks Inc., as its senior director of strategic planning and finance for its global footwear division, according to the Portland Business Journal…
L.L. Bean Donates $1 Million to Freeport Park
L.L.Bean will give $1 million to the town of Freeport for the development and donation of a public green space/park that will include trails, a skating pond, picnic benches and shelters. The company, based in Freeport, said the donation was made in honor
ExOfficio Promotes Bendzak to General Manager
ExOfficio promoted Steve Bendzak, former VP of Sales of ExOfficio, to General Manager of the outdoor apparel brand. He will report directly to Mark Martin, president of both Marmot Mountain LLC, and the Technical Apparel Platform (TAP) of K2 Inc…
Aldila’s Profits Plunge in Q4 and FY, But Backlog Improves
Aldila, Inc. reported net sales dipped slightly to $17.9 million for the fourth quarter from $18 million in the same quarter of 2005. Earnings dropped to $1.3 million, or 24 cents a share, from $2.7 million, or 48 cents, a year ago due to lower average se
U.K.’s Sports Direct Raises $1.82B in IPO
Sports Direct International PLC, the United Kingdom’s largest sporting-goods retailer, on Tuesday raised US$1.82 billion (929 million pounds; euro1.4 billion) in an initial public offering after owner Mike Ashley sold a 43 percent stake in the business. A
SGMA Fills Four Board Seats: Horizon, Modell’s, Russell and Mizuno
The Sporting Goods Manufacturers Association (SGMA) appointed four new board members: Doug Kelly, president, Russell Athletic; Mitchell Modell, CEO, Modell’s Sporting Goods; Bob Puccini, president, Mizuno USA, and Robert Whip, president, Horizon Fitness.
Rockport Picks New Ad Agency
The Rockport Co. said that Hill Holliday Connors Cosmopulos of Boston will be its advertising agency of record. The decision to work with Hill, Holliday comes as Rockport launches several new products and incorporates Adidas' Torsion technology into
Spain’s JOMA Sport Partners with Miami FC
Spain's JOMA Sport signed an exclusive apparel contract with Miami FC, the only professional soccer team in Florida. Miami FC is now the only professional soccer team in the U.S. to have JOMA as its official apparel supplier…
NSGA Management Conference/Team Dealer Summit Nears Sellout
The 43rd Annual NSGA Management Conference & 9th Annual Team Dealer Summit is nearly sold out. As of February 27, more than 300 persons had registered for an event that will be held May 20-23 at the Hyatt Regency Coconut Point Resort and Spa in Bonita Spr
Rodale, owner of Runners World, Acquires Running Times
Running Times has been acquired by Rodale Inc., the owner of Runner's World. Terms of the transaction were not disclosed. Running Times will continue to operate under the Running Times brand, and will be independent of Runner's World…
Sunny’s Great Outdoors To Liquidate
Sunny’s Great Outdoors filed for bankruptcy in early February and is closing its doors, according to court documents. The Elkridge-MD-based retailer operates 13 stores around the Mid-Atlantic region and employs 150 full-time and part-time workers…
Escalade’s Q4 Sporting Goods Revs Up 11% on Acquisitions
Escalade Inc. announced that revenues for the fourth quarter and year ended December 30, 2006 were up 4%, boosted by acquisitions in its sporting goods segment. However, lower gross margins and higher selling, general and administrative costs resulted in
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