SGB Outdoor

The Walking Company to Restructure After Tough Q4

March 30, 2009 SGB Update

The Walking Company Holdings, Inc. reported fourth quarter net sales increased 3.9% to $ 79.6 million from $76.6 million last year as full year sales grew 3.5% to $241.5 million from $233.3 million in 2007. Sales growth was primarily due to the addition o

JJB Sells Health Club Division, Fires CEO

March 30, 2009 SGB Update

JJB Sports has moved its health club division off its books, while also removing CEO Chris Ronnie from the corner office. Among all those shifts, the company also reiterated its earlier guidance of a 2008 loss of between £5 million ($7.3 million) and £10

Escalade Reports a 19.9% Slide in 2008 Sales

March 30, 2009 SGB Update

Escalade, Inc. reported a net loss of $7.5 million for 2008, a loss that was significantly impacted by nonrecurring charges of $5.6 million, including impairment adjustments, plant closing costs and severance charges related to the company's downsizi

Hat World Acquires Impact Sports

March 30, 2009 SGB Update

Hat World, Inc., a subsidiary of Genesco Inc., acquired Impact Sports, a team dealer, custom screen printer and embroidery operator based in Madison, WI. Impact Sports targets colleges and universities, high schools, bookstores, corporations and youth or

Gregory Revisited: One Year After the Buyout

March 30, 2009 SGB Update

In March 2008, Gregory Mountain Products became an independent company when it was acquired from Armor Holdings, Inc. by KSS Outdoor Holdings, LLC in an all-equity, zero-debt deal (BOSS_0813). Since the transition last March, the company has seen a signif

Ringstar Hires Director of Marketing and Brand Strategy

March 27, 2009 SGB Update

Chris Langathianos, a 12-year footwear veteran, has joined martial arts footwear manufacturer Ringstar, Inc. as Director of Marketing and Brand Strategy. In this new role, Langathianos will focus on developing the performance brand’s overall business stra

Escalade Sales Decline 19.9% for FY08

March 27, 2009 SGB Update

Escalade, Inc. reported a net loss for the year ended Dec. 27, 2008 of $7.5 million compared to income of $9.3 million in 2007. Earnings (loss) per share in 2008 was $(0.59) per common share compared to $0.72 last year. Net sales for the year ended Dec. 2

Rossignol to Cut 30% of Workforce

March 27, 2009 SGB Update

Rossignol plans to reduce 30% of its global workforce, or about 450 jobs in total. According to www.france24.com, Rossignol chairman Bruno Cercley said in a statement that the layoffs were “unavoidable,” adding that the group was “determined to get back i

Cleveland/Srixon Partners With GolfGym

March 26, 2009 SGB Executive SGB Update

Cleveland Golf/Srixon has formed a strategic marketing alliance with GolfGym to promote the products and services of both companies. Additionally, Cleveland is sponsoring the Team Falken Tire Porsche GT3 RSR, which runs in the GT2 class of the American Le

Mammut Revenues Rise 8.8% in 2008

March 26, 2009 SGB Update

Mammut Sports Group increased sales by 8.8% to CHF192.6 ($171.3 million) last year. Without currency translation effects, growth would have reached double figures…

Li and Fung Ltd. Posts 20% Sales Gain in 2008

March 25, 2009 SGB Executive SGB Update

Li & Fung Ltd. reported revenue grew 20% in its year ended Dec. 31, to HK$110.7 billion (U.S. $14.2 billion). The gains were due to “resilient organic growth” as well as a number of outsourcing deals and acquisitions. The Group’s core operating profit d

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