Wolverine Worldwide appointed Michael D. Stornant as senior vice president, chief financial officer and treasurer, effective June 12. He will succeed Donald T. Grimes, who has resigned his position to become executive vice president, chief operating offic
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Report: Manhattan’s JackRabbit Shifting Away from Tri Merchandise
According to the report in the New York Times, JackRabbit Sports, acquired by Running Specialty Group in March, is phasing out swim and bike offerings popular aimed at the triathletes crowd. The Manhattan-based store will shift to focus even more on runni
K-Swiss Acquires KR3W Denim and Supra Footwear
K-Swiss Global Brands, also known as K-Swiss Inc., a division of E.Land Group, announced its acquisition of One-Distribution, a leading skate-inspired apparel and footwear manufacturer and parent company of KR3W Denim Co. and Supra Footwear…
Vibram USA Acquires Quabaug Corporation
Vibram has acquired the soling assets of Quabaug Corporation, its U.S. manufacturing and distribution partner since 1965. Vibram USA and Quabaug will now do business as Quabaug Vibram Innovation…
Mizuno USA Appoints VP of Brand Marketing and Management
Mizuno USA appointed 20-year marketing and business veteran Mark M. O’Brien as vice president of brand marketing & management. O’Brien will lead all of Mizuno USA’s marketing efforts…
NSGA: Sporting Goods Market Grows 2 percent in 2014
Consumer-reported retail sales of sporting goods equipment, athletic footwear and athletic apparel increased 2 percent in 2014, according to the 2015 edition of the NSGA Sporting Goods Market report, which was released by the National Sporting Goods Assoc
Running USA: Thousands to Participate in National Running Day
National Running Day, a coast-to-coast celebration of running and a collaboration with top U.S. running organizations to promote running as a healthy and accessible form of exercise, will take place on Wednesday, June 3, it was announced today by Running
PVH Earnings Climb in Q1
PVH Corp., the parent of Speedo and Izod, reported first-quarter earnings exceeded its guidance…
Fitbit Seeks $3 Billion Valuation
Fitbit plans to sell nearly 30 million shares in its initial public offering at prices between 14 to $16 a share, according to its updated filing with the Securities & Exchange Commission. At the top end of that range, Fitbit's IPO would take in $477
Brooks Running Survey Finds Friends Trump Fitness Trackers
According to a survey from Brooks Running Co., 32 percent of Americans say they’d choose a friend as their go-to training partner, followed by 24 percent a digital fitness tracker, and 20 percent…
Moody’s Rates Bass Pro’s Proposed Term Loan B1
Moody's Investors Service assigned a B1 rating to Bass Pro's proposed $1.74 billion senior secured term loan due 2020 and affirmed its existing ratings, saying the retailer has a track record of rapidly reducing its debt ratios within 18 months
Genesco’s Q1 Earnings Miss Wall Street Targets
Genesco Inc. reported earnings slid 29.3 percent in its first quarter to $9.9 million, or 42 cents a share. Earnings, adjusted for one-time gains and costs, were 51 cents per share, falling well short of Wall Street's consensus estimate of 68 cents a
Deckers Brands Tops Q4 Expectations
Finding strength across its Ugg, Teva, Sanuk and Hoka One One brand portfolio, Deckers Brands swung to a profit of $1.4 million, or 4 cents a share, in its fiscal fourth quarter ended Mar. 31…
Boot Barn’s Profits Jump in Fiscal Q4
Boot Barn Holdings Inc. reported earnings jumped 45.2 percent in its fiscal fourth quarter ended Mar. 28, to $2.6 million, or 10 cents a share. Revenues climbed 16.7 percent to $103.3 million…
Implus Corp. Acquires Balega
Implus Corp. has acquired Balega Socks, a leading performance sock brand serving the specialty running channel…
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