SGB Sports & Fitness

Pacific Brands Restructures As H1 Sales Dip 2.9%

March 3, 2009 SGB Update

Pacific Brands is implementing a new strategy – Pacific Brands 2010 – to restructure and sharpen the focus of the business. The company will discontinue some of its smaller labels and brands to reduce complexity and cost and divest some non-core businesse

Lacrosse Subsidiary Receives Army Order for $6.7 Million

March 3, 2009 SGB Update

LaCrosse Footwear, Inc. said its Danner subsidiary received a new $6.7 million delivery order from the U.S. Army for the Danner Combat Hiker boot. Danner anticipates delivering this order of the Combat Hiker boot beginning in April through August of this

RECALL: Bowflex Gyms

March 3, 2009 SGB Update

Nautilus Inc. is recalling a total of 78,000 Bowflex home gym systems because of safety concerns. The Consumer Product Safety Commission said the seat of the Bowflex Ultimate 2 Home Gym could fall unexpectedly and injure a user or bystander. The seat, whi

Berkshire Hathaway’s Apparel Earnings Down 34%

March 2, 2009 SGB Update

According to the just-released annual report from Berkshire Hathaway, pre-tax earnings in its apparel businesses declined 34% in 2008, primarily due to lower sales volume and costs incurred to consolidate certain operations of Russell and Vanity Fair Bran

Element 21 Cuts Operating Loss

February 23, 2009 SGB Update

Element 21 Golf Company generated fiscal Q2 revenue of $430,651, an increase of 168% compared to revenue of $255,801 in the same period in fiscal 2007…

Report: JJB to Close 46 Lifestyle Stores

February 23, 2009 SGB Update

Reports out of the U.K. have KPMG, which was named administrator of JJB's lifestyle Original Shoe Company and Qube stores, closing 46 of the 77 door in operation. This move will in turn cause 438 positions to become unnecessary for the retailers. The

Specialty Retailers Still Investing in Small Brands

February 23, 2009 SGB Update

Retailers have made drastic changes this year in their pre-season orders in hopes of remaining profitable during the economic downtown. Many are trying to wait as late as possible to place their orders, much to the chagrin of vendors, but a more interesti

Confluence Introduces Community-Based Boating Incentive

February 23, 2009 SGB Update

From Apr. 1, 2009 through Aug. 31, 2009, Confluence Watersports will roll out a brand new program designed to support local organizations, introduce more people to paddling and establish a platform for a long-term sustainability initiative…

RECALL: BowTech’s “The General” Compound Bows

February 20, 2009 SGB Update

The U.S. Consumer Product Safety Commission and BowTech Archery have announced the voluntary recall of “The General” compound bows. According to a release, the ends of the bow’s limbs can unexpectedly break during use, sending fragments in the direction o

Ortholite Sponsors AHS and RRCA

February 19, 2009 SGB Update

OrthoLite has signed a sponsorship agreement as the preferred insole partner with American Hiking Society (AHS) and Road Runners Club of America (RRCA). In addition, the company will continue its sponsorship with the American Trail Running Association (AT

Nautilus Delays Q4 Conference Call

February 17, 2009 SGB Update

Nautilus, Inc. has rescheduled its previously announced conference call to discuss its fourth quarter results to March 10. The company said the rescheduled conference call date is necessary to allow additional time to complete the few remaining items in c

John Shanley Loses Battle with Cancer

February 17, 2009 SGB Update

John Shanley, 65, veteran footwear and retail research analyst at Susquehanna International Group, passed away last Sunday, after battling with bladder cancer for more than four years. Shanley had twenty-five plus years of experience within the footwear a

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