SGB Footwear

NASGW Adds Board Members

Laurie Aronson, president and CEO of Lipseys LLC., Baton Rouge, LA and Michael Halleron, vice president of Business Development at Chattanooga Shooting Supplies Inc. Chattanooga, TN have joined the board of directors of the National Association of Sportin

Jack Wolfskin Taps Adidas Exec as Next CEO

Jack Wolfskin GmbH & Co. KGaA named Michael Rupp, 51, as its new CEO, effective in July. Rupp spent the last four years as president and CEO of the Adidas subsidiary The Rockport Company, LLC in Boston and will now return to…

Columbia Sportswear Trims Workforce

Layoffs continued at Columbia Sportswear this week as it cut 80 positions, or nearly 2 percent of its workforce worldwide, to bring costs in line with lower growth expectations for 2012, The Oregonian newspaper reported…

Report: Columbia Sportswear Expected to Lay Off About 80

According to The Oregonian, Columbia Sportswear has laid off about approximately 80 employees. Company spokesman Ron Parham told the newspaper that most of the layoffs occurred at its Portland headquarters and in Europe as Columbia reaches a 2 percent lab

Adidas Raises $650 Million in Convertible Bond Sale

Adidas AG raised 500 million euros ($654 million) from the sale of convertible bonds. The bonds can be handed over for stock in the company when the shares, which closed at a record 60 euros yesterday, rise 40 percent to 83.46 euros, Adidas said in a stat

Nike Apologizes for ‘Black and Tan’ Sneaker Name

Nike Inc. has apologized for its new shoe, SB Dunk Low, which had been unofficially nicknamed, the “Black and Tan.” The Black and Tan was also a name given to the British paramilitary force that smothered an Irish uprising in the 1920s…

Nike Signs Andrew Luck to Endorsement Deal

Nike announced the signing of football standout Andrew Luck to its roster of athletes. The former Stanford quarterback is expected to be picked first overall by the Indianapolis Colts at the April 27 NFL draft…

Nautilus Posts Strong Q4 Results on Increased Net Sales

Nautilus, Inc. reported net sales for the fourth quarter ended Dec. 31, 2011 totaled $60.0 million, an increase of 11.7 percent as compared to net sales of $53.7 million for the same quarter in 2010. For the full year ended December 31, 2011, net sales in