Crocs Inc. said that on October 14, it amended its bank line with PNC Bank. The amendment decreases Crocs' minimum tangible net worth requirement from $266 million to $205 million, measured at the end of each fiscal quarter, commencing with the fisca
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Superfeet Bolsters Sales Force
Superfeet Worldwide Inc. has hired four experienced sales reps in October to keep pace with their continued growth across the U.S. It also named Doug Geddes as national sales manager of Superfeet Canada…
Element 21 Appoints CFO
Element 21 Golf Company appointed Philip Clark as its new chief financial officer…
RECALL: Electra Bicycles
An additional 6,400 Electra bicycles are being recalled because the baskets and trays on the front of the bikes can come loose, causing a risk of falls to riders, the Consumer Product Safety Commission said…
Payless Expands Shoe Giveaway to Latin America
Payless ShoeSource, announced the launch again this year of its Payless Gives Shoes 4 Kids program aimed at delivering more than $1.2 million worth of free children's shoes to families in need this holiday season. In addition, the retailer said it is
Rightline Gear Enters Retail Market
Rightline Gear, recently relocated to Asheville, NC, has announced its plans to enter the retail marketplace in quarter 4 of 2009. Previously the company has sold its CampRight and PackRight products strictly on-line…
REI Holds Twinkie Roasts
REI (Recreational Equipment, Inc.) held the first of many Twinkie Roasts across the country, a quirky annual employee event to beckon Mother Nature to provide a hearty snowfall on behalf of snowsports lovers everywhere…
Callaway Golf Expects 3Q Loss to Widen
Callaway Golf Company said third quarter sales are expected to decline 11% to $191 million from $213 million a year ago. Changes in foreign currency exchange rates adversely impacted net sales by approximately $3 million for the quarter. It expects to rep
Phoenix Footwear Posts Profit
Phoenix Footwear Group, Inc. reported a profit of $310,000, or 4 cents a share, in the third quarter compared to a net loss of $2.1 million a year ago…
OGIO Reports Robust Growth
Ogio said its futures orders – or those placed for first and second quarter 2010 delivery – for sports packs, messenger/laptop bags and motor sport soft goods and hard goods were up more than 200% compared with 2009 futures orders…
Grenade Gloves Names Team Manager
Grenade Gloves appointed Jordan Brown as its new Snow and Skate team manager. Jordan has previously worked for Sessions, Tum Yeto, and Endeavor Snowboard Design. He has experience with sales, marketing and team management…
Polarmax and Opedix Appoint New England Reps
Longworth Industries, the exclusive manufacturer and distributor of Polarmax and Opedix, announced the addition of the Pinnacle Outdoor Group to represent our products in the New England territory…
A4 Introduces Hall of Fame Collection
A4, a manufacturer for athletic sportswear, has launched its “Hall Of Fame” collection and has radically reduced the price of 15 best-selling styles…
Fila Aiming to Become Fourth Largest Sports Brand
Fila is looking to become the world's fourth largest sports fashion brand in five years, its top executive said at a press conference in Korea. The goal is to more than double sales to reach $3 billion over that time frame. Fila Korea, the brand
Redcats USA to Close Call Center
Redcats USA, which owns the Sportsman's Guide, The Golf Warehouse, and other catalogs, said it will close its customer contact center located in Universal City, TX, on Dec. 18. A total of 490 jobs will be affected…
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