SGB Update Footwear
U.S. Supreme Court Hears Mass. v. EPA Arguments
The U.S. Supreme Court heard oral arguments in Massachusetts v. EPA, a landmark global warming case. The High Court’s decision is likely to have a far-reaching impact on future action to fight global warming at both the state and federal levels. James Mil
K2 Sports Names Hanstad as Managing Director of Madshus
K2 Sports promoted Lars Hanstad to managing director of Madshus AS. In this role, Hanstad has global operating responsibility for the Madshus Nordic skiing brand. In addition, he will oversee operations for the recently formed K2 Sports Norway, the Norweg
HECC Files Suit Against Warwick Mask and Equipment
The Hockey Equipment Certification Council (HECC), which was established through USA Hockey and a coalition of industry manufacturers with the aim of creating standards for rules of play and safety requirements for U.S. amateur hockey, filed a lawsuit aga
Nike Sees Ball Shortage as it Ends Sourcing with Pakistani Factory…
Nike, Inc. will be decreasing the number of hand-stitched soccer balls it brings to market after the factory that it orders the balls from failed to correct “significant labor compliance violations.” The factory, Saga Sports, is based in Sialkot, Pakista
Hi-Tec Extends Distribution Agreement in Japan
The MoonStar Company of Japan and Hi-Tec Sports PLC inked an agreement to include distribution of Hi-Tec Golf shoes in 2007. MoonStar sells its own brands and distributs New Balance, Converse, Geox, K-Swiss and Kappa
Perry Ellis Q3 Earnings Climb on Sales Decline
Perry Ellis International, Inc. third quarter revenues were $213.2 million, compared to $220.0 million, a 3.1% decline from the comparable period a year ago. For the third quarter of fiscal 2007, net earnings were $8.2 million compared to $8.1 million for
Johnson Outdoors Cuts Fiscal Q4 Loss Dramatically; New Product Drives Gains…
Johnson Outdoors’ operational improvements worked their way down to the bottom line for the company’s fiscal fourth quarter and the 2006 fiscal year with a mid-single digit sales increase translating to an income increase in excess of 20% for the full yea
Cascade Designs Moves on with New Leadership…
Last year, Cascade Design’s founder, John Burroughs, made the decision to consolidate all of Cascade Design’s ownership into his own hands. This set off a chain of events that included Lee Fromson, the president of the company, deciding to leave his posit
Eddie Bauer Q3 Loss Grows; Inks Deal to go Private…
Eddie Bauer Holdings’ third quarter revenues were $211.3 million, a decline of 2.8% compared to $217.3 million reported for the same period last year. Net merchandise sales were down 2.6% to $199.3 million compared to $204.7 million last year. Comparable
SSG Shareholder Suits Against Collegiate Pacific Dismissed
Costa Brava Partnership III L.P., Greenwood Capital L.P., and Greenwood Investors, L.P. each voluntarily dismissed, without prejudice, legal complaints filed against Collegiate Pacific Inc., Mr. Geoffrey P. Jurick, Thomas P. Triechler, Peter Bunger and Te
New Balance Foundation Sponsors First Maine Hut
The New Balance Foundation awarded a $500,000 gift to the Western Mountains Foundation for its Maine Huts and Trails program. This gift will make the New Balance Foundation the sponsor of the first hut, planned for construction in 2007 in Carrabassett Va
OIF Searches for the Next Outdoor Idols
The Outdoor Industry Foundation is accepting nominations for the second class of Outdoor Idols. The award honors eight young outdoor athletes who excel in their respective sport(s), embrace the spirit of the active lifestyle, set trends for the next gener
Nike Cuts Soccer Ball Production Due to Labor Violations
Nike is ceasing orders with its hand-stitched soccer ball supplier, Saga Sports, based in Sialkot, Pakistan, due to the contract factory's failure to correct significant labor compliance violations. As a result, Nike is limiting its supply of hand-st
Thule Goes Direct in Canada
After over 25 years of working exclusively with Canadian distributor Sport Dinaco, Thule will assume all distribution and sales of Thule products in Canada starting in the spring of 2007. The change is a result of Thule’s recent acquisition of SportRack,
Dick’s Sporting Goods Beats Q3 Expectations and Raises Guidance on Solid Gains…
Dick's Sporting Goods last week announced that they had beat earnings expectations for the third quarter by a factor of four, posted a comp sales gain of nearly nine percent, raised guidance for the year, and acquired the largest golf specialty retai
