SGB Update Apparel
ECCO Appoints Head of Global Golf
ECCO has named Michael Waack as Head of Global Golf. Based at ECCO corporate headquarters in Tønder, Denmark, Waack will be tasked with overseeing continued expansion of the brand's distinctive golf shoes in existing markets and developing robust sal
Under Armour Gears Up for Future in Footwear…
Not much has changed in the two weeks since Wall Street punished Under Armour, Inc. for its guidance that 2008 first half profits would sink due to increased marketing spending to support the launch of its performance trainers, but perhaps the market is w
The SportsOneSource Group Expands into New Offices…
The SportsOneSource Group is again expanding its team as it positions itself for the future. SportsOneSource has absorbed into Charlotte, NC all media operations and production that had been housed in New York before SOS acquired the media business, whic
HBI Sees Champion Sales Up Double-Digits in ‘07…
The Champion brand delivered double-digit sales gains for the third year in a row while sales of Hanes brands were up mid-single-digits…
Cabela’s Cuts Store Plans Amid Retreating Comps…
Cabela’s Inc. said it will slash capital spending by 70% so it can focus on increasing profits at its existing stores after missing its fourth quarter financial targets. The outdoor retailer said it would scale back store openings from eight last year to
Under Armour Q4 Net Up 42.4% on Solid Sales Gains
Under Armour, Inc. reported that net revenues increased 29.2% in the 2007 fourth quarter to $174.8 million compared to net revenues of $135.3 million in the prior-year quarter. Net income increased 42.4% to $16.9 million, or 34 cents per diluted share, c
HEAD Teams With 3point5 on Pro Deals
HEAD has partnered with retail training company 3point5.com to administer pro deal programs at specialty retailers. The partership induces Pros at HEAD retailers to study HEAD products on 3point5.com and take online tests to earn points which can be redee
Adidas to Buy Back 5% of Shares
Adidas AG launched a share buyback program of up to 5% of the company’s stock (up to 10,182,248 shares) effective immediately. At current market prices, the program represents an aggregate purchase price of up to € 420 million. Adidas AG intends to cancel
PacSun To Reduce Sneaker Sales
Pacific Sunwear has decided to reduce its dependence on the sneaker portion of its footwear business, but plans to continue to sell sandals, slippers and certain sneaker categories, it said. The company said the transition is expected to occur throughout
Russell Partners with NCAA Football
Russell Athletic has entered into a three year partnership agreement with NCAA Football to become the “Official Supplier of NCAA Football Youth Products.” As part of the deal, Russell Athletic has exclusive rights to utilize NCAA Football trademarks on pr
Nautilus Cancels Acquisition of China Factory
Nautilus Inc. said it has canceled plans to buy its largest contract manufacturer in Xiamen, China for $72 million in cash and stock. Nautilus said it likely will have to forfeit the $18.5 million nonrefundable deposit paid Land America Health & Fitness C
Non-profit Raises 57% of Budget at Thrift Shop
Trips for Kids raised $325,000, or 57 percent of its operating expenses last year through its Re-Cyclery Bicycle Thrift Shop in downtown San Rafael, Calif, the non-profit said. More than 100 companies donated products to its Re-Cyclery Bicycle Thrift shop
Golf Town Focuses Growth in Quebec Market…
Golf Town, based in Toronto, Ontario, plans to open five new stores in key markets throughout the Quebec region over the next twelve months. Established in 2002, Golf Town currently operates eight retail stores across Quebec and over forty stores Canada-w
Sport Supply Raises Guidance on 10% Q2 Sales Growth
Sport Supply Group, Inc. reported net income of 4 cents per diluted share for the fiscal second quarter ended Dec. 31, 2007. The record profit compared to a loss of 9 cents for the year-ago quarter. After posting the net gain, the company increased its ea
Nautilus Ends Shareholder Rights Plan
Nautilus, Inc. has terminated its Shareholder Rights Plan. Under the Plan, one right was distributed for each share of Nautilus common stock outstanding as of November 8, 2007. Effective the date of the Plan, any person or group acquiring 20% or more of t
