SGB Update Outdoor
PowerBar Founder Maxwell Dies from Heart Attack
Brian Maxwell, the founder of PowerBar, died of an apparent heart attack on Friday. He was 51 years young. Maxwell, who was ranked as the number three marathoner in the world in 1977, is credited with starting the energy bar industry that today is a nec
NSP Hires New Assoc. Director of Education Programs
The National Ski Patrol has hired Kyle Hanson as associate director of education programs for the association. Hanson’s primary responsibilities will be enhancing NSP’s Outdoor Emergency Care Program and promoting its use within the association and the o
Petzl and UOL Raise $10,000 for Recreation Protection
Petzl, in partnership with Utah Open Lands, recently raised $10,000 in funding for land protection and preservation in Utah's Grand County. Petzl sponsored a special screening of the Banff Mountain Film Festival in Moab in an effort to raise awarenes
Not Exactly Another Clash of the Titans…
Footstar has reportedly reached an agreement with Nike over a dispute that arose over Nike’s attempt to cut the retailer’s discount terms. A report in a local paper quoted a Footstar spokesperson that said, “The terms are confidential, and the proceeding
Footstar GOB Sales Get Under Way; Will Close Additional Doors…
Footstar commenced Going Out of Business sales at 163 stores on Friday, including all remaining Just for Feet locations and 75 of the company’s Footaction stores. Hilco Merchant Resources was the winning bidder in the auction to be appointed as liquidati
McCool Sentenced in JFF Fraud Case…
The first sentence in the Just for Feet fraud case was handed down on Thursday, with adidas America’s Timothy R. McCool receiving an eight-month sentence and a $10,000 fine. He pled guilty in October to conspiracy to submit false statements to the audito
adidas’ McCool Receives Eight Month Sentence in JFF Fraud Case
The first sentence in the Just for Feet fraud case was handed down on Thursday, with adidas America’s Timothy R. McCool receiving an eight-month sentence and a $10,000 fine. He pleaded guilty in October to conspiracy to submit false statements to the aud
Johnson Family Extends Offer Period to Buy Company
Helen Johnson-Leipold, chairman and CEO of Johnson Outdoors, and Samuel C. Johnson, majority shareholder and director of Johnson Outdoors, are extending for an additional sixty days their February 20, 2004 non-binding proposal to acquire the outstanding p
NPD: Teens Are More Value Conscious
According to The NPD Group's latest report, Buying Habits of Teens and Tweens, teens are spending much of their money at value-based stores such as mass merchants, like Wal-Mart and Target, instead of trendy mall retailers. Teens are bargain hunters.
Footstar Gets GOB Sale Approval; Will Move Direct Biz to NJ
Footstar, Inc. announced Thursday that it is beginning inventory clearance sales at 88 Just For Feet stores and 75 of its 428 Footaction stores. Footstar has appointed Hilco Merchant Resources as liquidation agent. Footstar also now plans to close its t
Nike Fiscal Q3 Net Income Up 61% on 21% Revenue Gain
Nike, Inc. reported revenues for the third quarter ended February 29, 2004 increased 21% to $2.9 billion, versus $2.4 billion for the same period last year. Third quarter net income totaled $200.3 million, or $0.74 per diluted share, compared to $124.7 mi
REI to Open Huntington Beach Store
Recreational Equipment, Inc. (REI), a national retail cooperative providing quality outdoor gear and apparel, today announced plans to open a store in spring of 2005 in Huntington Beach, Calif. The 22,500 square-foot store will serve 45,000 active coopera
Canari Signs an ‘Mmmm Mmmm Good’ Licensing Deal
Canari Cycle Wear has announced a licensing agreement with Campbell’s Soup to design and manufacture cycling apparel based on the popular soup brand. Judging from preseason sales, the styles are attracting a great deal of interest and support from the cy
Mizuno Expands U.S. Team Role in Golf RandD Effort
Mizuno Corporation is making a new long-term strategic commitment to the U.S. market, including an increased for role the U.S. team in the design and development of Mizuno’s global golf product line. Harry Taylor has been promoted to VP, Golf Product De
NRF: Consumers Have More to Spend from Tax Returns This Year
Nearly two-thirds of American families will find themselves with a little extra money to spend this spring. The NRF 2004 Tax Returns Consumer Intentions and Actions Survey, conducted by BIGresearch for NRF, found that 67.6% of consumers (or 145.7 million
