SGB Sportsmans

REI Says Expansion, Warm Winter Stunted 2011 Profits

March 13, 2012 SGB Update

REI (Recreational Equipment, Inc.) reported flat net income of $30.2 million in 2011 on net sales to $1.8 billion, up 8.4 percent from 2010 as investments in the business and warm weather in the winter ate into profit margins during the critical holiday s

Outdoor Retailer Introduces New Marketing Team

March 12, 2012 SGB Update

Outdoor Retailer officially announced members of its new marketing team, which it hired just before its winter show in January. Member of the team, seen here posing with Man vs. Wild star Bear Grllys, are…

Bicycles Drive Profits at Dorel Industries in 2011

March 9, 2012 SGB Update

The success of Cannondale’s latest innovations helped propel Cycling Sports Group (CSG) to 25 percent sales growth in 2011, despite a decline in fourth quarter sales caused largely by the decision to ship new models a quarter earlier than last year,

Kokatat Hires Horsnell as Midwest Rep

March 8, 2012 SGB Update

Kokatat hired John Horsnell to join its sales team serving the Midwest territory including Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, North Dakota, Nebraska, Ohio, South Dakota, and Wisconsin…

Zumiez’s Q4 Profits Climb 25 Percent

March 8, 2012 SGB Update

Zumiez Inc. reported net income in the fourth quarter of fiscal 2011 increased 24.9 percent to $18.7 million, or 60 cents per share, from $15.0 million, or 49 cents, in the fourth quarter of the prior fiscal year. Total sales increased 17.7 percent to $18

Adams Golf Sees 12 Percent Revenue Gain in 2011

March 7, 2012 SGB Update

Adams Golf reported record net sales of $96.5 million for the year ended Dec. 31, 2011, as compared to $86.2 million for the year ended Dec. 31, 2010, an increase of 12 percent year-over-year. The company realized a net profit of $14.5 million, or $1.79 p

Skechers Launches Japan Subsidiary

March 5, 2012 SGB Update

Skechers USA, Inc. announced that the company is transitioning its business in Japan from a third-party distributor to the new wholly owned subsidiary, Skechers Japan, G.K. Footwear veteran Hirokazu Iwasaki (formerly with Nike, Adidas and Puma) will head

The North Face Accepting Explore Fund Grant Applications

March 2, 2012 SGB Update

The North Face opened the first cycle of the 2012 Explore Fund grant-giving program, which will provide $125,000 in micro-grants to support non-profit organizations that are getting youth outdoors. To date, The North Face has provided $650,000 in grants t

Louisville Slugger Inks Apparel Licensing Agreement

March 2, 2012 SGB Update

Louisville Slugger has signed a multiyear performance apparel licensing agreement with Xone Sport, LLC (pronounced Zone). The agreement was announced today by IMG Licensing, the exclusive licensing agency for Hillerich & Bradsby Co., parent company of the

Target’s Comps Climb 7.0 Percent in February

March 1, 2012 SGB Update

Target Corporation reported that its net retail sales for the four weeks ended February 25, 2012 were $5,132 million, an increase of 8.0 percent from $4,750 million for the four weeks ended Feb. 26, 2011. On this same basis, February comparable-store sale

Wal-Mart to Source Bicycles from India’s Hero Cycles

February 29, 2012 SGB Update

Wal-Mart Stores Inc. has signed an agreement to buy bicycles from India’s Hero Cycles for its more than 10,000 stores around the globe. The deal, which will be administered by Hero's new Denver, CO. office, marks the first time the discounter h

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