Russell Athletic plans to close a woven plant in Alexander City, GA, on July 1. About 250 jobs are affected. Rick Medlin, executive vice president of manufacturing, said the closing is related to the general economic downturn…
Category: Sports/Fitness
Orange 21 2008 Loss Nearly Doubles
Orange 21 Inc., which owns Spy Optic, reported sales rose 2% to $47.3 million in 2008 from $46.5 million for 2007. The action sports company incurred a net loss of $15.2 million for the year ended Dec. 31 compared to a net loss of $8.0 million for the yea
Gwen Manto Exits Dick’s SG
Gwen Manto left her role as EVP and chief merchandising officer of Dick's Sporting Goods, Inc., effective April 13. According to a filing with the SEC, DKS does not expect to replace her in this position but will instead realign its merchandising org
Nautilus Takes Action Against Counterfeiters
Nautilus, Inc. has filed suit against importer/distributor, SC Excel Technology, Inc. (dba Duro Fitness) of Montreal, Canada and obtained an Anton Piller order to enter its premises and seize counterfeit goods and relevant records. The suit was filed aft
Former Golf Galaxy Management Launch Consuling Group
The former co-founders of Golf Galaxy, Greg Maanum and Randy Zanatta, have launched Retail Minds, a consulting group based in Minneapolis, MN. Golf Galaxy was sold to Dick's Sporting Goods in early 2007…
Boulder Outdoor Specialty Group Adds to Sales Team
The Boulder Outdoor Specialty Group, a collection of six cornerstone outdoor industry brands, has added John Horsnell to its inside team of territory managers…
Bakers Footwear Earnings Plunge in Q4, Comps up 3.6%
Bakers Footwear Group, Inc. reported net income for the quarter plunged to $0.5 million or 7 cents per share from $7.3 million, or $1.03 per share in last year's fourth quarter. Results for the prior year period included a gain of $4.8 million or 67
Genesco Investor Files Lawsuit Against UBS Securities
An investor in Genesco Inc. shares has filed a proposed securities class action against UBS Securities, LLC on behalf of all holders of the common stock of Genesco, Inc. The lawsuit stems from its terminated merger with The Finish Line…
Burton Merges Down Under Opens
Burton said that instead of having two events down under in 2009, it has decided to combine the Australian Open and the New Zealand Open into one premier Southern Hemisphere event taking place in New Zealand…
Big City Mountaineers Celebrates 20th Anniversary
In 2009, Big City Mountaineers will mark 20 years of enhancing the lives of under-resourced urban teens through transformative outdoor experiences. Since 1989, BCM has worked to offer a new perspective to teens through weeklong wilderness backpacking and
Outdoor Companies Honored on Best Places to Work List
Deckers Outdoor, Mountain Hardwear, Clif Bar, Smartwool and several other companies recently announced their inclusion in Outside Magazine's 2009 list of “Best Places to Work.” Deckers was ranked No. 26 out of 30 selected companies, while Mountain Ha
Gwen Manto Exits Dick’s Sporting Goods
Gwendolyn Manto has left her role as EVP and chief merchandising officer of Dick's Sporting Goods, Inc., effective April 13, 2009. According to a filing with the Securities & Exchange Commission, the retailer does not expect to replace her in this po
Viridian Green Laser Sights Hires New Marketing Firms
Viridian Green Laser Sights, a subsidiary of Laser Aiming Systems Corporation, has the hired two new sales and marketing groups-H&G Marketing and ProActive Sales and Marketing. ProActive will have account responsibilities in the southeast while H&G will p
Michigan’s Frey Foundation Gives $160,000 Grant to DU
A major environmental effort in southwestern Michigan recently got a boost. The conservation organization Ducks Unlimited (DU) received a grant of $160,000 from the Frey Foundation. The grant will be used to protect and restore valuable habitat through DU
Weaker March Retail Sales Comps Provide Some Hope for Months Ahead
Overall same-store sales may have been down in low-singles for March, but retailers exhibited a cautious optimism when discussing outlook regarding the months ahead. Some prognosticators and analysts are suggesting (dare we mention it?) we have seen the
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