Author: Thomas J. Ryan

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

OBIT: Richard Donahue, Former Nike President

September 21, 2015 SGB Update

Richard Donahue, Nike’s president in the early 1990s, has passed away. Donahue, a Massachusetts trial lawyer and confidant of the Kennedy political dynasty, was appointed Nike’s president and COO in 1990. At the time, the company was facing a

Nike Opens Flagship in Los Angeles

September 19, 2015 SGB Update

Nike opened its new West Coast flagship, Nike The Grove. Located in the iconic outdoor mall from which it takes its name, the three-story, 31,000-square-foot store will also operate as a meeting place for athletes connected through the Nike+ digital ecosy

Under Armour Signs Four NBA Players

September 18, 2015 SGB Update

Under Armour signed two 2015 first-round picks, Jerian Grant and Delon Wright, from the 2015 NBA Draft to endorsement deals, as well as an undrafted guard, Dez Wells. It also signed forward Wesley Johnson, who is entering his sixth NBA season and now with

Implus Adds Harbinger to Boost Fitness Segment

September 18, 2015 SGB Update

Implus announced the acquisition of Harbinger, a leading manufacturer of fitness accessories. Harbinger’s lineup includes an assortment of gloves, belts, straps, strength training aids, and functional fitness items. Terms were not disclosed…

BSN Sports Acquires Milwaukee Sporting Goods

September 18, 2015 SGB Update

BSN Sports completed the acquisition Milwaukee Sporting Goods (MSG) based in Menomonee, WI. MSG is the leading distributor of team apparel and equipment throughout the state of Wisconsin. MSG was formerly a member of the ADA buying group…

Asics Appoints Gene McCarthy to Lead Asics America

September 18, 2015 SGB Update

Asics announced the pending retirement of Asics America Group President and CEO, Kevin Wulff, and the hiring of industry veteran Gene McCarthy to join the company as the CEO of its largest region, which comprises the U.S., Canada, Mexico, and Brazil. McCa

Incase Bought by Incipio

September 18, 2015 SGB Update

Incase Designs Corp., the maker of numerous laptop bags and cases for Apple devices as well as camera and GoPro bags, has been acquired by Incipio Technologies Inc., a growing developer of cases, electronic accessories and wireless speakers. Terms were no

Wolverine Worldwide Lowers Q3 Revenue Guidance

September 18, 2015 SGB Update

Wolverine Worldwide said third-quarter sales would come in below its recent guidance. The company now expects a low-single digit revenue decline after adjusting for the impact of foreign exchange. Revenues are expected to be flat on a currency-neutral bas

Adidas Enters Hockey Category with Blockbuster NHL Deal

September 18, 2015 SGB Update

Fulfilling loud rumors that a deal was in the works, Adidas and the National Hockey League (NHL) last week announced that Adidas would replace Reebok as the producer of NHL uniforms beginning in the 2017/18 season. Still, the news led the rampant speculat

Under Armour Sets $7.5B Revenue Goal for 2018

September 18, 2015 SGB Update

At its bi-annual Investor Day meeting last week, Under Amour Inc. set a 2018 net revenues target of $7.5 billion, easily double its $3.1 billion in net revenues in 2014. In doing so, the company ramped up its impressive growth rate target from 22 percent

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