SGB Update

Respect Your Universe Raises $3.1 Million

Respect Your Universe, Inc., the MMA-inspired performance apparel brand, completed a private placement financing for gross proceeds of $3.16 million, priced at 10 cents per unit.It also appointed Marcello Leone as president…

EA Sports, College Athletes Agree on $40MM Settlement

Electronic Arts, the maker of popular college sports-themed video games, will pay current and former college athletes $40 million in damages as part of a deal to settle multiple lawsuits against it, the NCAA, and the Collegiate Licensing Company…

Remington Outdoor Q1 Results Hurt by Recall, Ebbing Firearms Sales

Remington Outdoor Company Inc. reported net sales declined $65 million, or 20.3 percent to $255.2 million in the first quarter, as an 18-month boom in firearms sales tapered off. Gross margin tumbled 1,200 basis points to 22.5 percent primarily due to a

Landmark Concussion Research Could Improve Helmet Design

A landmark $30 million research initiative announced last week by the NCAA and the Department of Defense could help the sporting goods industry improve the design of helmets and mouth guards, a leading concussion researcher told Sports Executive Weekly la

Honey Stinger Expands Sales Team

Honey Stinger has added Jerard Whitehead to its sales team in the role of grocery category manager and Shannon Lane in the new role of key account manager for sports and outdoor categories…

Genesco Sees Modest Q1 Comp Gain

Genesco Inc. reported first-quarter earnings on an adjusted basis slid 13.3 percent and came in 10 cents lower than Wall Street's consensus estimate. But the company reaffirmed its guidance for the full year. Companywide comparable-store sales grew 1

Stable Step Acquires Archmolds

Stable Step, LLC, which owns the Powerstep brand, recently acquired Archmolds, LLC, a privately-held company. The acquisition of Archmolds, LLC will improve Stable Step’s orthotics offering to
existing customers…

Remington 2014 First Quarter Sales Down

Remigton Outdoor Company, Inc. has issued its first-quarter 2014 financial report that showed net sales were down 20.3% from the first quarter of 2013…

NASGW Donates to Industry Organizations

The National Association of Sporting Goods Wholesalers (NASGW) Board of Directors recently took several actions in support of industry organizations and causes including the approval of three donations on behalf of their member firms…