SGB Executive Sports & Fitness

Shimano Corp. Slashes 2015 Guidance

Shimano Corp. expects sales to fall twice as fast this year than it did three months ago due to a global oversupply of bicycles.

Accell Group’s Results Charged Up By E-Bikes

Accell Group N.V. reported sales rose 9.7 percent in its first half ended June 30, to €629.7 million ($690.5 mm), boosted by sales of electronic bikes. Profits expanded 6.6 percent to €34.0 million ($37.3 mm).

Skechers Q2 Bogged Down by Domestic Sales Weakness

Strong double-digit growth from its international business and company-owned retail channel couldn’t offset a myriad of financial and logistical challenges in the second quarter for Skechers USA.

Aisle Talk, Week of July 18

A quick hit of the industry’s movers and shakers this week — hires, promotions, recognitions and new locations.

SSI Data: Sport Footwear Sales Jump in June

Despite some pricing pressures from retail bankruptcies and liquidations in the market, SSI Data’s latest retail point-of-sale figures for the fiscal month of June showed Sport Footwear sales rising 12.9 percent in dollars and by 19.9 percent in units.

Smith & Wesson Moves into Knives

Showing its commitment to invest in its accessories division and diversify from firearms, Smith & Wesson Holding Corp reached a definitive agreement to purchase substantially all of the assets of Taylor Brands, LLC, a leading supplier of knives and outdoor tools.

Texas Surf Park Ignored Stop Work Order

The company developing the 160-acre NLand Surf Park near Austin, Texas ignored an order to halt construction on the site last fall after failing to comply with state health codes, according to a lawsuit filed by Travis County Thursday.