SGB Update

RECALL: 125,000 Bikes Using SR Suntour Shocks

Scott USA Inc. and Trek Bicycle Corp. are recalling more than 125,000 of bikes sold since early 2010 that were equipped with SR Suntour forks after receving reports that the forks broke…

North America/Western Europe Drives Nike Q4

Nike Inc. reported a modest gain in earnings in the fourth quarter ended May 31, slowed by World Cup marketing investments. But results topped Wall Street's estimates by 3 cents a share. More impressively, revenues grew 10.9 percent to $7.43 billion

Vantage Apparel Lands PGA of America Deal

Vantage Apparel, a New Jersey-based manufacturer and decorator of logo apparel, has been chosen by PGA of America as an apparel supplier and the exclusive embroiderer for its Member Merchandise Program…

Academy Sports to Open Second Store in Columbia, SC

Academy Sports + Outdoors will add a second store in Columbia, SC in July 2014 and has renewed its multi-year partnership with the Univ. of South Carolina. The new 72,000 square foot store…

Fanatics Appoints Chief Marketing and Revenue Officer

Fanatics, Inc. hired Chris Orton as chief marketing and revenue officer. Reporting directly to CEO Doug Mack, Orton will be responsible for the strategy and execution of Fanatics’ marketing efforts across the company’s own sites and its networ

Consumer Confidence Continues Ascent in June

The Conference Board Consumer Confidence Index, which had increased in May, improved again in June. The Index now stands at 85.2 (1985=100), up from 82.2 in May. The Present Situation Index increased to 85.1 from 80.3, while the Expectations Index rose to

Cleveland Golf, Srixon and XXIO Makes Exec Hires

Cleveland Golf, Srixon and XXIO appointed of Chuck Thiry to newly created position of vice president and special advisor to the president, Todd Harman. In his new multifaceted role, which becomes effective immediately, Thiry will lead the company’s

Adidas Set to Reach Soccer Sales Goal on World Cup Boost

At a football media event in Herzogenaurach on Tuesday, Herbert Hainer, Adidas Group CEO, said that with successful results so far after the first twelve days of the 2014 FIFA World Cup, Adidas would reach its target of €2 billion ($2.72 billion) of

RECALL: 650 Tern Folding Bicycles

The importer of Tern Folding Bicycles is recalling about 650 bikes in the United States and 20 in Canada because the bike’s frame can crack at the hinge on the top tube and pose a fall hazard…