SGB Executive Outdoor
Adidas to Rethink Olympic Support
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…
UK Anti-Trust Agency Clears Nike Purchase of Umbro
The UK's Office of Fair Trading cleared Nike Inc's proposed purchase of Umbro PLC. In replica kit sales, it argued that although the pair have a high combined market share of over 45%, this “overstates the rivalry between them.”…
Snow Boosts Jarden’s Winter Sports Sales
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
Stearns Announces Layoffs
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
Callaway Forecasts 10% Rev Gain
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
Michael Brosnahan Named CEO of Reyn Spooner
Michael Brosnahan, the former VP of apparel for Pony, was named the new CEO of Honolulu-based Reyn Spooner Inc. and Reyn's Menswear. Tim McCullough, president and CEO for 30 years, will focus on product design…
Crocs Taps CFO to Head Retail Division
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
Sport Supply Expects Q2 to Beat Plan
Sport Supply Group, Inc. said it expects it will exceed current analyst consensus revenue and EPS estimates and produce a profitable second quarter. The team sports manufacturer and distributor, based in Dallas, also announced a program to repurchase of u
Zumiez Cuts Guidance on Slow December Comps Growth
Zumiez Inc. reported a 3.9% increase in same-store sales for the five-week fiscal December period. The gain comes on top of an 11.5% jump for the year-ago month. Total net sales for the month increased 15.3% to $72.0 million, compared to $62.5 million las
Mammut Expands Sales Force in Canada and Western U.S.
Mammut Sports Group USA announced two new additions to the company’s growing sales force. Mark Freeborn will join the sales team as territory manager, with sole dedication to Mammut for all of Canada. The brand has divided its Southwest sales territory, a
Woolrich Closing Bottled Water Operation
Just two years after launching the effort, Woolrich plans to cease production of its bottled spring water business to better focus on its core businesses. Woolrich President Jim Griggs told The Express in Lock Haven, PA, “We don’t feel it is in our best i
Pacific Sunwear to Close Remaining demo Stores
Pacific Sunwear of California, Inc. plans to close its remaining 154 demo stores. The company expects to incur aggregate pre-tax charges in the range of approximately $35 million to $50 million for anticipated lease terminations, employee severance charge
Tony Hawk Foundation Passes $2 Million in Funding
The Tony Hawk Foundation Board of Directors voted today to award 29 grants worth $255,000 for the construction of new public skateparks in low-income communities across the U.S. This series of grants and a special Pledge Drive in October that raised $60,5
SSG Unsure About Causes for Stock Decline
Sport Supply Group, Inc.'s normal policy is not to comment on unusual market activity. However, the company said that it is not aware of any reason for Friday’s higher than average trading volume and stock price decline…
Nike, Inc. Spends Big to Drive Fiscal Q2 Growth…
Nike, Inc. reported that the Nike brand posted a mid-single-digit revenue increase in the U.S. region for the fiscal second quarter through November, but the real energy continued to come out of the international business as emerging markets in both Europ
