Category: Sports/Fitness

BDO Survey: Muted Expectations for Black Friday

November 21, 2011 SGB Update

Retailers expect solid but not stellar results for Black Friday and Cyber Monday. According to a recent BDO USA, LLP survey of 100 chief marketing officers at leading U.S. retailers, just 27 percent expect to see an increase in Black Friday sales, down fr

Collective Brands Shows Steep Q3 Loss After Charges

November 21, 2011 SGB Update

Collective Brands Inc. reported a loss of $114.3 million, or $1.91 a share, in the third quarter after charges totaling $151.4 million for restructuring activities at its Payless division. Adjusted net earnings were $37.1 million, or 61 cents per share, s

Nike Hikes Dividend by 16 Percent

November 17, 2011 SGB Update

Nike, Inc. said its board has declared a quarterly cash dividend of 36 cents per share on its outstanding class A and class B common stock. The quarterly dividend, which is payable on January 3, 2012 to shareholders of record at the close of business on D

Western Ski Resorts Posting Higher Reservations, Room Rates

November 17, 2011 SGB Update

Bookings for the upcoming ski and snowboard season continue a positive trend upward at western U.S. mountain destinations, according to the most recent report by the Mountain Travel Research Program (MTRiP). The research firm reports that on-the-books occ

Puma Completes Environmental Profit and Loss Account

November 16, 2011 SGB Update

Puma estimated the cost of land use, air pollution and waste across its supply chain at €51 million, raising its first ever “environmental profit and loss statement,” or E P&L by €51 million ($68 mm) to €145 million ($196 mm). In May, Pu

2XU Attains Private Equity Backing

November 16, 2011 SGB Update

2XU, a performance apparel brand based in Melbourne, Australia, said Lazard Australia Corporate Opportunity Fund 2 (Fund 2) has acquired a significant minority interest in 2XU…

Specialized to Recycle Competitors’ Carbon Frames

November 16, 2011 SGB Update

Specialized will accept carbon bicycle frames made by competitors when it kicks off its carbon recycling efforts in January, the California bike company announced. Specialized will provide details on the logistics of the operation to dealers in January…

Genuine Innovations Acquired by ITW

November 15, 2011 SGB Update

Innovations in Cycling, which does business as Genuine Innovations, has been acquired by Illinois Tool Works Inc. in a transaction that closed Oct. 31 and was led by Chris Auerbach of Accessories Marketing, Inc. (dba Slime)…

Crocs Accuses Walgreen Of Copying Shoe Designs

November 15, 2011 SGB Update

Crocs Inc. has sued Walgreen Co. with a patent suit Friday in Colorado federal court, according to law360.com. The lawsuit accuses the retailer of blatantly ripping off its distinctive footwear designs…

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