Author: Thomas J. Ryan

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

Fitbit Nets Bullish Initiation Reports from Wall Street

July 17, 2015 SGB Update

With the quiet period following its June IPO lifted, a number of Wall Street firms sent out bullish reports on Fitbit, which has already more than doubled since going public on June 18. Four of the nine investment banks – Deutsche Bank, Stifel, SunTrust R

New Balance Seeks Louder Voice

July 17, 2015 SGB Update

New Balance recently launched “Always in Beta,” its first global campaign, including its first television commercials in about four years. Reaching across 70 countries, the youth-oriented campaign is expected to be twice as large as any in the

BSN Sports Not Taking a Breather

July 17, 2015 SGB Update

With a string of acquisition of local dealers over the last decade, BSN Sports has solidified its position as the dominant direct marketer and distributor of sporting goods to school and league markets. Here, Adam Blumenfeld, president of BSN Sports, disc

Superfeet Becomes Employee Owned

July 17, 2015 SGB Update

Superfeet announced that the company’s Employee Stock Ownership Program (ESOP) has purchased the balance of the company's shares, making it 100 percent employee owned…

Ebay to Sell Enterprise Unit

July 17, 2015 SGB Update

Ebay Inc. reached an agreement to sell its Enterprise business, formerly GSI Commerce, to a consortium led by private equity firm Permira for $925 million…

Sports Direct Racks Up Impressive 2014

July 17, 2015 SGB Update

Sports Direct International PLC reported double-digit earnings gains in its fiscal year ended April 26, led by healthy margins and top-line increases at its Sports Retail division. Companywide, revenues grew 4.7 percent to £2.83 billion ($4.4 bn)…

Running Race Participation Tapers Off

July 17, 2015 SGB Update

After experiencing 300 percent growth from 1990 to 2013, running event finishers in 2014 were slightly down from the all-time record set in 2013, according to Running USA. While the marathon and half marathon continue to grow, other distances declined…

Retail Sales Drop Unexpectedly in June

July 17, 2015 SGB Update

Retail sales in June, excluding autos, gasoline and restaurants, decreased 0.2 percent seasonally adjusted month-to-month while increasing a solid 3.1 percent unadjusted year-over-year…

NRF Sees Back-To-School Spending Drop

July 17, 2015 SGB Update

According to NRF’s Back-to-School Spending Survey conducted by Prosper Insights & Analytics, the average family with children in grades K-12 plans to spend $630.36 on electronics, apparel and other school needs from $669.28 last year – a decline of

Jarden Corp. Updates Q2 Guidance

July 16, 2015 SGB Update

Jarden Corp reported preliminary results for the second quarter indicate organic growth will exceed the company's targeted range of 3-5 percent. Adjusted earnings per share are expected to be in line with Wall Street consensus…

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