Welcome To SGB Executive
SGB Executive will bring original news, analysis and insight across the active-lifestyle industry on a daily basis.
Liquidators Prevail at Sports Authority Auction
Liquidators won the right to conduct going-out-of-business sales at Sports Authority stores in the absence of acceptable offers from investors interested in operating the bankrupt retail chain a going concern.
Adidas Partners with Pensole on Design Expedition
Pensole Footwear Design Academy and Adidas announced the launch of a hands-on, four-week, intensive footwear design master class.
Leisure Stores Post Strong Year-over-Year Growth
Sales at sporting goods, hobby, books and music stores rose a hefty 4.2 percent on a seasonally adjusted basis in April compared with April 2015 according to advance estimated released by the U.S. Census Bureau.
SDSI Accepting Applications to Accelerator Program
San Diego Sport Innovators (SDSI), the non-profit business development organization for the Sports and Active Lifestyle (SAL) industry, is accepting applications to its business accelerator program.
Ibex, Patagonia and Keen Honored for Conservation Work
Ibex Outdoor Clothing, Patagonia and Keen have been named winners of The Conservation Alliance’s Outstanding Partnership Award for 2016 for their work.
Salewa North America Hires Icebreaker GM
Salewa North America, which distributes the Dynafit, Salewa, Wild Country and Pomoca brands in the United States and Canada, appointed Brian Mecham as its new general manager.
Dunham’s Slates Two Grand Openings for Friday
Dunham’s Sports will hold grand opening ceremonies at stores located in Adrian, Mich. And Shawano, Wisc. Friday, May 10 and has announced plans to open its first store in Kansas.
Amer Sports’ Duran Departs to Become CEO at Intersport
Amer Sports said Victor Duran, its senior vice president of marketing and business-to-consumer and a member of its executive board, has resigned in advance of assuming the CEO role at Intersport International Corporation Jan. 1, 2017.
TJX’s Q1 Tops Street Estimates
The TJX Cos. Inc., which owns T.J. Maxx, Marshalls and Sierra Trading Post, reported first-quarter earnings rose 7.1 percent to $508.3 million, or 76 cents a share, easily exceeding Wall Street’s consensus estimate of 71 cents.
Sports Authority Lenders Lose Appeal of Consignment Sales Ruling
Sports Authority’s Chapter 11 term lenders lost an appeal for an emergency injunction that would have escrowed the bankrupt retailer’s receipts from supplier’s consignment sales.
Nordstrom’s Q1 Comps Slump
Nordstrom reported a drop in first-quarter same-store sales and cut profit expectations for the year.
Crocs’ Infringement Victory Recognized as Landmark Case
Crocs Inc. announced that a ruling last year in the Shanghai Intermediate People’s Court has been selected by China’s Supreme People’s Court as one of the top 50 leading IP cases of 2015.
Ugg Opens Walt Disney World Store
Ugg opened its new flagship store in Disney Springs at Walt Disney World Resort in Lake Buena Vista, FL.
Big 5’s Q1 Stung by Retail Bankruptcies
Big 5 Sporting Goods reported going-out-of-business sales at Sports Authority and Sport Chalet caused its first quarter earnings to come in on the low side.
