SGB Update

Adidas Outdoor Opens New Office In Golden, CO

Adidas Outdoor announced the opening of a new office in the American Mountaineering Center in Golden, CO that will serve as a Rocky Mountain area showroom and center for key sales operations.

Good To-Go Recognized By U.S. Small Business Administration

The U.S. Small Business Administration announced that Jennifer Scism, CEO, and David Koorits, COO, of Good To-Go in Kittery, ME have been selected to receive the U.S. Small Business Administration’s 2018 Small Business Manufacturer of the Year Award for Maine.

RYU Apparel’s Revenues Jump In 2017

RYU Apparel Inc., the maker of urban athletic apparel, reported revenues for the year ended December 31, 2017 were $3.0 million, 121 percent higher than revenue of $1.37 million during the year ended December 31, 2016.

Adidas To Close Stores In Online Shift

Adidas is planning to close stores in coming years as the company shifts investments to online operations, Adidas CEO Kasper Rorsted told the Financial Times.

REI Posts Record Sales In 2017

REI, celebrating its 80th year, reported sales of $2.62 billion in 2017, a gain of  2.3 percent from $2.56 billion in 2016. The co-op also welcomed nearly 1 million new members and reinvested nearly 70 percent of profits into outdoor communities in 2017.

Canadian Tire Introduces Triangle Rewards

Later this spring, Canadian Tire, the parent of Sport Chek, will evolve the company’s iconic loyalty program, Canadian Tire Money, with the introduction of Triangle Rewards.

Fanatics Wins Lawsuit Against Former Employee

A circuit judge in Jacksonville, FL, issued a temporary injunction that won’t allow ’47 Brand to use information that is alleged to have been stolen from rival company Fanatics, according to a report from ESPN.

Champion Opens First U.S. Store

Champion Athleticwear opened the company’s first full-price store, in Los Angeles at 123 South La Brea Avenue.