SGB Update

Surfing to Become Hawaii High School Sport

Surfing will now be incorporated into public high school athletics programs in Hawaii. School sanctioned surf competitions will begin as early as the spring of 2013, under a plan announced by Gov. Neil Abercrombie, the state Board and Department of Educat

HanesBrands Names CFO

HanesBrands, the parent of Hanes, Champion and Gear For Sports, promoted Richard Moss to chief financial officer, effective immediately…

Hanesbrands to Close Gear for Sports Plant

Hanesbrands will shutter a Missouri plant that it acquired a year ago through its $55 million purchase of Gear for Sports. About 125 jobs are affected. The plant's functions are being moved to Mexico.

Fitness Magazine Honors Jane Fonda

Jane Fonda is set to be honored for her dedication to good health by editors at Shape magazine. The actress, who has released more than 20 exercise videos since 1982, will be presented with the Shape Your Life Award later this month…

SGMA Urges Support for WHIP Act

The Sporting Goods Manufacturers Association (SGMA) said it is 100 percent behind the Workforce Health Improvement Program (WHIP) Act. The bill was introduced earlier Tuesday by Senator John Cornyn (R-TX). This legislation is a major step in helping to p

Vans Launches Off the Wall TV App for iPad

Vans announced the debut of the free Off the Wall TV iPad app, delivering Vans' offthewall.tv video network of exclusive, original action sports, music, art and street culture programming to millions of iPad users around the world…

BDO USA Survey: Retail MandA Deals to Rise on Lower Multiples

Nearly all retail CFOs expect M&A activity to increase or remain steady in the next year, according to BDO USA. LLP. On average, CFOs say they would expect to see an EBITDA (earnings before income and tax, depreciation and amortization) multiple of 6.6 fo

Wolverine Worldwide’s Q3 Profits Climb 18.4 Percent

Wolverine Worldwide reported that it delivered double-digit growth in both revenue and earnings per share in the third quarter along with record operating margin. Revenue rose 12.9 percent to $361.6 million from the prior year, representing the fifth cons

Golf Rounds Dip in August

According to Golf Datatech, national golf rounds played for the U.S. were down 1.4 percent in August compared to August 2010. Public access play was down 0.8 percent for the month and private course activity was down 3.8 percent…

Head NV Announces Share Buy Back

Head NV said it had bought back 2,028,917 ordinary listed shares in Head NV amounting to 2.20 p percent of the issued share capital of the company…