Category: Sports/Fitness

Golfsmith Names Hanaka as Chairman of Board

March 30, 2007 SGB Update

Golfsmith International Holdings, Inc. named Martin E. Hanaka as chairman of the board of directors. He replaces First Atlantic Capital, Ltd.'s Charles Shaw, who will retire from the board in May after serving as Golfsmith chairman since October 2002

Gildan Plans Five North American Factory Closures

March 27, 2007 SGB Update

Gildan Activewear Inc. plans to close its two remaining textile facilities in Montreal, Canada, as well as its cutting facility in Bombay, N.Y., in the fourth quarter of the current fiscal year. Two sewing facilities in Mexico, which are supplied with fab

REI Announces Board Election Results

March 27, 2007 SGB Update

Recreational Equipment, Inc. announced its 2007 board election results during its annual membership meeting held March 26. Cooperative members voted to return incumbents Anne Farrell and Tom Harville, and elected John Hamlin and Edward M. Schmults to thr

Finish Line Taps Nordstrom Exec for Chief Merchant Role

March 26, 2007 SGB Update

The Finish Line appointed Samuel Sato as EVP and chief merchandise officer of Finish Line. Sato will be responsible for all product lines for Finish Line stores and reports to Glenn Lyon, president. Lyon had been overseeing merchandising for the retailer.

Horizon Fitness Receives ISO 9001:2000 Certification

March 26, 2007 SGB Update

Horizon Fitness has received ISO 9001:2000 certification. To receive ISO 9001:2000 certification, Horizon Fitness underwent an extensive auditing process by a third-party registrar company. The review process, which took more than a year to prepare for, e

Converse Partners with Gap on RED Collection

March 26, 2007 SGB Update

Converse and Gap will unveil two limited edition Converse (PRODUCT) RED Chuck Taylor All Star shoes available exclusively at select Gap stores for Spring, beginning March 2007. This marks their second introduction of specialty retail shoes….

G.I. Joe’s Plans to Change Name To Joe’s

March 26, 2007 SGB Update

G.I. Joe's plans to change its name to Joe's. The name change will be effective, April 1. The name change surfaced in Oregon newspapers, but was confirmed by a call to G.I. Joe's offices in Wilsonville, OR. Exterior store signs have already

True Temper Q4, Annual Sales Decreases Lead to Net Losses

March 26, 2007 SGB Update

True Temper Sports, Inc. saw fourth quarter net sales decrease 11.8% to $24.2 million from $27.4 million last year. Net sales for the full year decreased 8.2% to $108.0 million from the $117.6 million recorded in 2005. The company recorded a net loss for

Zumiez Q4 Net Jumps 66% on 12% Comps…

March 19, 2007 SGB Update

Zumiez Inc. posted double-digit same-store sales increases for 2006, the fourth quarter of 2006, and each month in the fourth quarter. The bottom line grew as well, up over 60% for both Q4 and 2006. Net sales for the fourth quarter increased 49.0% to $112

Pacific Cycle’s CEO Announces Growth Plans

March 19, 2007 SGB Update

Pacific Cycle’s new CEO, Jeff Frehner, says he has plans that will bring more speed and focus to the company and its partners. A bicycle industry veteran, Frehner began his career in the bicycle industry as an attorney and Human Resources Director with QB

Kellwood Sees Operational Improvements in Q4

March 16, 2007 SGB Update

Kellwood Company Q4 net sales totaled $491.9 million, as compared to $446.5 million in the fourth quarter last year. Net earnings from continuing operations were $6.5 million, or 25 cents per diluted share, versus $4.1 million, or 16 cents per diluted sha

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