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Nike to Expand Northridge Distribution Footprint in Memphis, TN

October 23, 2012 SGB Update

Nike announced plans to expand its Northridge distribution footprint in Memphis, TN. The expansion will create a centralized, multi-product engine for wholesale and retail distribution, supporting Nike’s long-term business growth in North America..

Heelys Agrees to $13.9M Buyout

October 23, 2012 SGB Update

Heelys, Inc. and The Evergreen Group Ventures, LLC entered into a definitive asset purchase agreement under which an affiliate of Evergreen will acquire substantially all of the operating assets and assume substantially all of the operating liabilities of

VF Raises Full-Year Guidance on Strong Q3

October 22, 2012 SGB Update

VF Corp. reported third quarter revenues rose 14 percent to $3.1 billion from $2.8 billion in 2011. Third quarter revenues from Timberland were $499 million compared with $164 million in the same period of last year; the acquisition was completed on Septe

Attendance Surpasses One Million for the Second Annual USA Pro Cycling Challenge Race

October 20, 2012 SGB Update

Attendance numbers surpassed one million for the second annual US Pro Cycling Challenge professional bicycle race and brought an estimated $99.6 million in economic impact to the state of Colorado…

Skins Compression Chairman Demands Changes at UCI

October 19, 2012 SGB Update

The Chairman of a Swiss-based performance sportswear company, Skins Compression, has written an open letter to the President of Union Cycliste Internationale, (UCI) Pat McQuaid, demanding McQuaid either acts immediately or resigns in order to protect the

Aqua-Leisure Agrees to $650K Fine to Settle 11-Year Dispute with CPSC

October 19, 2012 SGB Update

Aqua-Leisure Industries, a major supplier of kids swim and snow toys to big box retailers, has agreed to pay $650,000 to settle an 11-year dispute with the U.S. Consumer Product Safety Commission (CPSC). The Commission voted 4-0 to provisionally accept th

Exped LLC Taps Montreal Firm to Manage Brand in Canada

October 18, 2012 SGB Update

Exped LLC has selected In-Sport Fashions Inc. of Montreal to manage all Canadian business beginning January 1, 2013. Exped LLC, based in the Seattle area, will focus on the market in the USA…

SmartWool to Kick Off Merino Wool Tour Oct. 22

October 18, 2012 SGB Update

SmartWool LLC is partnering with the New Zealand Merino Company and the New Zealand Merino Growers to host the outdoor industry’s own version of a Wool Week tour complete with associate training, consumer events, prizes and more. The tour will provi

L.A., Miami and Nashville Among Newest Bicycle Friendly Communities

October 18, 2012 SGB Update

The League for American Bicyclists added Los Angeles, Nashville, TN and Miami, FL among 28 new U.S. cities to attain status as a Bicycling Friendly Communities, or BFCs. There are now 242 BFCs in 47 states. According to the League's analysis of recen

GSI’s Q3 Comps Jump 19 Percent

October 18, 2012 SGB Update

EBay Inc. said revenues at its GSI segment increased 12 percent year over year in the third quarter, to $226 million, driven primarily by a 16 percent year over year increase in global e-commerce (GeC) merchandise sales. Same store sales grew 19 percent y

Final Sponsors Drop Lance Armstrong Upon UCI Ruling

October 17, 2012 SGB Update

The ruling from UCI anxiously awaited by the cycling community was handed down today, officially stripping Lance Armstrong of his seven Tour de France titles and setting off a shock wave throughout the industry that began last week with the pull-out of mo

Deadline for OR Speaker Proposals Approaching

October 17, 2012 SGB Update

Expert speakers and panelists, interested in presenting as part of Outdoor University at Outdoor Retailer, have less than two weeks to finalize and submit speaker proposals to Outdoor Retailer and the Outdoor Industry Association. The open call for Winter