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Summit Hut Founder Executes Succession Plan

February 8, 2011 SGB Update
<p>Dave Baker, who founded Summit Hut in 1969, has sold the landmark Tucson outdoor retailer to long-time employee Dana Davis. Baker will stay on to guide Davis through the transition over the next 18 months&#8230;</p>

Wolverine Promotions to Drive Growth at Merrell and Chaco

February 8, 2011 SGB Update
<p>Wolverine World Wide&#039;s Outdoor Group announced two key executive appointments to drive strategic growth for Merrell and Chaco. Seth Cobb has been named vice president and general manager of Merrell and Chip Coe will serve as vice president and genera</p>

RECALL: Tech 4 Kids Snow Bikes

February 8, 2011 SGB Update
<p>The U.S. Consumer Product Safety Commission announced a voluntary recall of about 2,100 Outer Edge Snow Bikes from Tech 4 Kids Inc., of Canada&#8230;</p>

Hibbett Cuts Q4 Outlook on Soft January Sales

February 8, 2011 SGB Update
<p>Hibbett Sports, Inc. cut its fourth-quarter earnings guidance after saying sales slowed in the latter half of January. It now expects fourth-quarter earnings between 42 cents to 44 cents a share. It had raised its guidance in November to 47 cents to 50 ce</p>

GSI Commerce Elects Josh Kopelman to Board

February 8, 2011 SGB Update
<p>GSI Commerce Inc. announced that Internet entrepreneur and investor Josh Kopelman has been elected by the company&#039;s board of directors to serve as a director of the company&#8230;</p>

Asics Corp. Fiscal Q1 Revenues Grow Despite Japan Weakness

February 7, 2011 SGB Update
<p>Asics Corporation reported that revenues for the fiscal third quarter ended Dec. 31 grew 11.2% to ¥59.5 billion ($721 mm). The company reported that overseas regions posted strong sales of running shoes in Europe, the Americas and Australia&#8230;</p>

Edwin Watts Think Golf It&#8217;s Friday! Tour

February 7, 2011 SGB Update
<p>Edwin Watts Golf Shops launched the 2011 TGIF(Think Golf It&#039;s Friday!)TOUR, a schedule of 60 weekend events to encourage golf participation. The tour new product testing, performance fitting, par 3 challenges, and more&#8230;</p>

NOCSAE Urges Helmets and Concussion Education

February 7, 2011 SGB Update
<p>On the eve of the Super Bowl, The National Operating Committee on Standards for Athletic Equipment (NOCSAE) issued a warning to athletes and parents of athletes to get the facts about football helmets and concussion protection &#8211; and not rely solely on mar</p>

ComScore: Q4 Online Sales Rose 11% to Record $43.4B

February 7, 2011 SGB Update
<p>ComScore, Inc. final report on Q4 2010 U.S. retail e-commerce sales estimates online retail spending reached a record $43.4 billion during the quarter, up 11% compared to a year earlier. It marked the fifth consecutive quarter of positive year-over-year g</p>

Marvel/NBA Partner on Apparel Collection

February 7, 2011 SGB Update
<p>Marvel Entertainment LLC and the National Basketball Association are launching a new line of clothing, including caps, T-shirts and sweat shirts, at the upcoming NBA All-Star game later this month&#8230;</p>
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