SGB Update

Power Balance Files for Bankruptcy Protection

Power Balance LLC, the maker of Power Balance bracelets worn by NBA players and celebrities, filed for bankruptcy protection in federal court in Santa Ana, CA. The filing is the result of numerous lawsuits that allege misleading advertising about the holo

City Sports Raises $10K for Breast Cancer Research

City Sports raised $10,000 to benefit the Tufts Medical Center Breast Cancer Research Fund, the result of a successful October social media campaign which generated awareness for the cause via the brand's official Facebook page…

Li Ning Sees Q2 Momentum Slow

Li Ning Company Limited said order volume for its second quarter were flat on a year-on-year basis. Both the average retail selling price and order volume for apparel posted low-single digit percentage declines; whereas for footwear products, the average

NSGA Initiates All-Star Awards Program

The National Sporting Goods Association (NSGA) has created a new way for the industry to recognize outstanding accomplishments and contributions with the launch of its All-Star Awards program. The All-Star Awards program is meant to recognize the most out

Bamboo Bottle Hires Global Marketing Consultant

Bamboo Bottle Company, maker of the original reusable bamboo bottle, has added Athena Marketing International (AMI) to develop the company’s international business…

City Sports Opens in Downtown Silver Spring

City Sports announced that its 21st store is now open in Silver Spring, Md.. The Silver Spring shop marks City Sports' second store in the metro DC area to open in the past year, as the retailer nears the first anniversary of opening its flagship sto

DSW Sees Q3 Comps Climb 5.3 Percent

DSW Inc. reported sales increased 8.5 percent in the third quarter to $530.7 million from $489.3 million for the third quarter of 2010. Comparable sales for the third quarter increased 5.2 percent. This follows a 10.1 percent increase in comparable sales

Olympia Sports Opens 200th Door

Olympia Sports, a regional sporting goods retailer, has recently opened its 200th store in Dunkirk, MD at Dunkirk Gateway Shopping Center. The November 18th grand opening marks its second entry into the mid-Atlantic market. Olympia Sports expects to open

Genesco’s Q3 Earnings Jump on 12 Percent Comp Growth

Genesco Inc. reported earnings from continuing operations rose 54.1 percent in the third quarter ended Oct. 29 on a 33 percent increase in net sales. Comps sales were up 8 percent at Lids Sports Group, 15 percent at Journeys Group, 7 percent at Johnston &