SGB Update

Pop Warner Eliminates Kickoffs

Pop Warner, the nation’s oldest youth football organization, announced that it will become the first national football organization to eliminate kickoffs.

Sequential Buys Gaiam’s Consumer Branded Products

Sequential Brands Group, Inc. has agreed to acquire the branded consumer product business from Gaiam Inc. for a total purchase price of approximately $146 million in cash. As part of the transaction, Sequential will acquire Gaiam’s yoga, fitness and wellness product business – which includes the Gaiam and SPRI brands – with expansive distribution through […]

Leatherman Promotes Ben Rivera to CEO

Leatherman Tool Group, Inc., parent to Leatherman multi-tools and LED light brand Ledlenser, promoted Ben Rivera to CEO. Rivera, who has been with the company for 25 years, most recently served as Leatherman brand president and will continue in that role in addition to running the parent company as CEO. “Over the last 25 years, […]

Champs Sports Opens Second Armoury In-Store Shop

Champs Sports launched its second store, The Armoury by Champ Sports, featuring Under Armour product. The Armoury At Champs Sports — which debuted at The Mall in Columbia (MD) last fall — is now open at its second location in the U.S. at Galleria Dallas in Dallas, TX. Beyond a wide collection of footwear, apparel […]

GoPro Q1 Sales Cut in Half

GoPro Inc.’s first-quarter 2016 sales were cut in half, but exceeded guidance as the wearable action camera brand looks for a rebound with new products. Quarterly sales, ended March 31, 2016, came in at $185.5 million, versus $363.1 million during the same period a year ago. Gross margins fell 1,260 basis points to 32.5 percent, […]

Big 5’s Q1 Stung by Retail Bankruptcies

Big 5 Sporting Goods reported going-out-of-business sales at Sports Authority and Sport Chalet caused its first quarter earnings to come in on the low side.

Cairn Raises $1.7MM in Seed Capital

Cairn, a subscription box geared at outdoor enthusiasts, said it raise $1.7 million in a seed funding round that it will use to expand its offerings, team and community.

Sports Direct Pledges to Pay Minimum Wage in 2016

Sports Direct International plc pledged to pay its directly employed UK employees and directly engaged casual workers above the National Minimum Wage starting Jan. 1, 2016. The U.K.’s largest sporting goods retailer estimated the cost in relation to these direct employees and casual workers and other related costs and knock on costs are likely to […]

DSW’s Q3 Profits Slide

DSW Inc. reported third-quarter earnings slumped 20.7 percent to $39.3 million, or 44 cents a share, in line with recently updated guidance. Same-store sales sank 3.9 percent…

Asics to Sponsor International Volleyball Association

Asics reached a five-year global sponsorship agreement with the Federal International Volleyball Association. The new partnership, which will commence on Jan. 1, 2016 and end Dec. 31, 2020, will involve Asics supplying…

Revo Debuts Campaign with Bono

Revo debuted a new capsule collection of sunglasses in collaboration with U2 lead singer and activist Bono as part of the “Buy Vision, Give Sight” campaign to prevent vision impairment and blindness…