SGB Update

Nevco Sports Secures Investment

Nevco Sports, a leading manufacturer of customized sports scoreboards, integrated LED video boards, electronic display signs, sound systems, and related accessories, has secured an investment from Dominus Capital.

Vista Outdoor Announces Leadership Transition

Vista Outdoor Inc. announced today that chairman and CEO Mark DeYoung is retiring from the company and the board of directors, effective immediately. Michael Callahan, Vista Outdoor’s lead independent director, has been named interim chairman and CEO.

People Footwear Hires VP Of Sales

Marty Meade previously worked as a senior sales director for Dr. Martens AirWair LLC USA, where he was responsible for complete management for the performance channel.

Lids Ending Chicago Cubs Deal

Lids Sports Group is not renewing its license agreement with the Chicago Cubs to operate Cubs Clubhouse stores.

Osprey Teams With Ibex, Keen To Save Owyhee Canyonlands

Larger than Yellowstone, the Owyhee is home to one of the nation’s largest herds of California bighorn sheep, the imperiled Greater Sage-Grouse and more than two dozen plant species that exist nowhere else in the world, but the area is in danger of oil development.

Foot Locker Loses Appeal In Pension Dispute

Foot Locker Inc. has to pay higher pension benefits to correct payouts related to the conversion of the company’s pension plan in 1996 to a defined benefit plan with a cash balance formula. A federal appeals court ruled that the retirement plan change that amounted to an impermissible and undisclosed benefit freeze, according to Bloomberg. […]