SGB Update Apparel

New Balance Board Member Elected President Emeritus of WFSGI

A new World Federation of the Sporting Goods Industry Board was elected at the Extraordinary General Assembly in Las Vegas on June 9th. The new elected president is John Larsen President Emeritus and Advisory Board member of Boston-based New Balance Athl

Easton-Bell Names D’Onofrio as COO

Easton-Bell Sports, Inc. has named Anthony (Tony) D’Onofrio as COO, effective immediately. In this newly created position, D’Onofrio will be responsible for global operations, including supply chain, sourcing, distribution, manufacturing and planning for

June Retail Comps Up as Market Readies for BTS…

The retail market took another step away from April’s woes in June with modest comparable sales gains that spurred the Dow Jones into the biggest single day jump in almost four years and sent the index near the 14,000 mark. However, Friday saw stocks sta

West Marine Q2 Comps Continue to Decline

West Marine’s comparable store sales for the second quarter decreased 2.9% due to a generally slow boating market in Florida and higher gas prices impacting water sports. Net sales for the quarter were $247.8 million, a decrease of 6.3% from net sales of

Lululemon Shrinks IPO Offering…

Lululemon Athletica Inc. said in a filing on Friday that it is shrinking the size of its initial public offering by nearly 10%, to 16.4 million shares from 18.2 million. The investors plan to sell 14.1 million shares, down from an earlier plan for 15.9 mi

Jansport President Corvino Killed in Car Accident…

Michael Corvino, president of JanSport, was killed Saturday in a car accident. Corvino, who was 46 years old, died when he lost control of the 1970 Dodge Charger he was driving, veering off the road and hitting a tree, according to a California Highway P

RECALL: Sport Maska Goalie Masks

Sport Maska Inc., the hockey equipment unit of Adidas AG, recalled 1,325 facemasks in the U.S. and Canada because they failed quality-control tests. Sport Maska said it hasn't received any reports of injuries from the FM5K masks, which were sold in M

Garmont Acquires Life-Link…

Garmont NA has acquired Life-Link Backcountry Travel from its parent company, Life Link International. The terms of the acquisition were not disclosed. Silver Steep Partners served as financial advisor to Life-Link Backcountry Travel. Life Link Internatio

Gander Mountain to Acquire Reeds Outdoor’s Baxter Location

Gander Mountain Company and Reeds Family Outdoor Outfitters, a well known regional outdoor retailer based in Walker, Minnesota, announced that Gander Mountain will acquire the inventory and certain assets of the Reeds Outdoor Super Store located in Baxter

Everlast Investor Criticizes Bid Process

Aquamarine Capital Management LLC, a shareholder of Everlast Worldwide Inc., asked the boxing equipment maker to reconsider a buyout offer from New York-based Hidary Group. Aquamarine said Everlast's refusal to negotiate with Hidary may represent a b

Lululemon Shrinks IPO Offering

Lululemon Athletica Inc. said in a filing on Friday that it is shrinking the size of its initial public offering by nearly 10 percent, to 16.4 million shares from 18.2 million. The investors plan to sell 14.1 million shares, down from an earlier plan for

Costco June Comps Increase 6%

Costco Wholesale Corporation net sales were $6.35 billion for the month of June, an increase of 10% from $5.78 billion in the same five-week period last year. Comparable store sales increased 6% for the same period…

Nordstrom June Comps Increase 2%

Nordstrom, Inc. reported preliminary sales of $851.1 million for the five-week period ending July 7, 2007, an increase of 2.9% compared to sales of $827.0 million for the five-week period ending July 1, 2006. Same-store sales increased 2.0%…