SGB Update

Tennis Industry Rallies For ‘Play Tennis Month’ In May

Tennis industry partners are working together to promote May as “Play Tennis Month” to help showcase the sport of tennis and associated health benefits. Thousands of tennis programs and events will be held around the country.

Mad Engine Acquires Mighty Fine

Mad Engine LLC, a leading full-service apparel company, formally announced that it has completed its acquisition of Mighty Fine Inc.  

Top Honors Awarded In New England

Based on a voting process that included all the New England winter sales reps, Rich Brachold, owner of Village Ski & Snowboard Shop in Franklin, Massachusetts, earned EORA/NESR’s Winter Retailer of the Year award.

Ruffwear Partners With Locally

Ruffwear, a  leader in performance dog gear for outdoor adventure, is now offering a website shopping tool to connect customers with retailers in their area that carry Ruffwear products.

NRF Statement On Administration’s Infrastructure Plan

National Retail Federation President and CEO Matthew Shay said, “We appreciate the President’s attention to the urgent need to rebuild America’s outdated infrastructure, which has long been a priority for NRF and our members.”

GNC’s Chief Merchant Joins Barnes & Noble

Barnes & Noble Inc. announced that Timothy Mantel has been named chief merchandising officer. Mantel previously held the role of chief merchandising officer for GNC Corporation.

Varsity Brands Name Finalists In 2018 School Spirit Awards

The Varsity Brands School Spirit Awards, presented by Drillstack, has named finalists for its 2018 School Spirit Awards. With over $100,000 in award money up for grabs, winners will be announced at an awards ceremony on May 12th at the Walt Disney World Resort in Orlando, FL.

Remington Outdoor Prepares To Enter Bankruptcy

Remington Outdoor Company is planning to complete a debt restructuring in bankruptcy proceedings. The plan calls provides for the reduction of approximately $700 million of Remington’s consolidated outstanding indebtedness and the contribution of $145 million of new capital into Remington’s operating subsidiaries.

Puma Operating Profits More Than Double In Q4

Puma reported fourth-quarter earnings slightly more than doubled with the help of strong sales growth combined with an improved gross profit margin. Puma also said it expects currency-adjusted net sales will increase by approximately 10 percent in 2018.