Category: Outdoor

Garmin Completes Acquisition of Danish Distributor

January 17, 2008 SGB Update

Garmin Ltd. completed the acquisition of Fairpoint Navigation A/S (“Fairpoint”), the distributor of Garmin's automotive, outdoor recreation, fitness and marine products in Denmark. The company will be renamed Garmin Danmark A/S and will retain its ma

Crocs Taps CFO to Head Retail Division

January 16, 2008 SGB Executive SGB Update

Crocs Inc. CFO Peter Case has moved into the newly created position of SVP, retail division. Case was already spending much of his time building Croc's branded stores in the United States and worldwide. He will be replaced in the CFO post by an execu

Snow Boosts Jarden’s Winter Sports Sales

January 16, 2008 SGB Executive SGB Update

Jarden Corporation said fourth-quarter revenue and operating profits related to its winter sports business were in line with expectations. CEO Martin Franklin said strong early snow conditions, particularly in North America, favored its winter sports line

Ashworth Acquires Sun Ice Trademarks

January 16, 2008 SGB Update

Ashworth, Inc. announced the acquisition of the Sun Ice and Sunice trademarks from Fletcher Leisure Group Inc., a company owned by its new CEO. The company expects to launch a new golf-related technical outerwear line during 2008 under this brand in the U

Adidas to Rethink Olympic Support

January 16, 2008 SGB Executive SGB Update

Adidas officials told a German newspaper that it will reconsider support for the Olympics after the 2008 Beijing Olympics in light of the continued ban by the International Olympic Committee on displays of the Adidas three-band logo on team uniforms…

Augusta Sportswear Sold to PE Firm/Management

January 16, 2008 SGB Update

Augusta Sportswear Holdings Inc., a Georgia supplier of athletic apparel and outerwear, was sold by one private equity firm to another PE firm and members of Augusta's management. Terms of the deal were not disclosed…

Callaway Forecasts 10% Rev Gain

January 16, 2008 SGB Executive SGB Update

Callaway Golf Co. expects sales for the year ended December 31 to increase approximately 10% to a record $1.125 billion, up from $1.018 billion a year ago. Earnings are expected to come in between 79 to 81 cents a share, which compares with earnings of 3

Stearns Announces Layoffs

January 16, 2008 SGB Executive SGB Update

Stearns Inc. has laid off more than 20 employees, including President Paul Ebnet. The downsizing will be taking place over the next nine months, director of human resources Loretta Trulson said in a statement. Affected employees were informed of the chang

SIA Attracts 72 Brands to New ECOsource Exhibit

January 15, 2008 SGB Update

More than 72 brands will be showcased at The SIA.08 SnowSports Trade Show's first ECOsource market segment exhibit in Las Vegas. ECOsource will feature suppliers embracing “green” initiatives, including brands made from recyclable or sustainable mate

Quiksilver Decreases Q1 Guidance; Rossignol Sale Possible

January 15, 2008 SGB Update

Quiksilver, Inc. decreased its fiscal first quarter earnings expectations to a loss of 9 cents to 12 cents per share, down from earlier guidance of a small loss. In addition, following the sale of Cleveland Golf in December 2007, the company is reviewing

Gramicci Hires Rep to Harness Fashion Trend

January 15, 2008 SGB Update

Gramicci apparel has added Tri Marketing Group sales agency to represent it in Texas, Oklahoma, Kansas, Louisiana and Arkansas as part of its efforts to harness a growing emphasis on fashion in the outdoor industry. “Tri Marketing’s expertise will help ou

REI to Open Eco-friendly Store in Texas

January 15, 2008 SGB Update

Recreational Equipment Inc. plans to open a new 32,700-square-foot store near Austin, Texas, this fall. The store will be the second location of the company's new retail prototype design, which incorporates green building concepts. The two-story REI

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