SGB Update

RECALL: 20,000 Petzl GRIGRI 2 Belay Devices

Petzl America is voluntarily recalling about 18,000 GRIGRI 2 belay devices in the United States and 2,000 in Canada after customers noticed that excessive force on the handle can cause it to become stuck in the open position. No injuries have been reporte

Moody’s Cuts Brown Shoe Outlook to ‘Stable’

Moody's Investors Service is lowering Brown Shoe Co.'s outlook to “Stable” from “Positive,” citing the footwear company's weaker-than-expected second-quarter performance…

Jack Wolfskin to Reenter Canadian Market Next Spring

Jack Wolfskin will return to the North American market next spring through a multi-year distribution agreement with Double J Fashion Group Inc of Montreal. The partners plan to open 100 doors in the next three years, including Jack Wolfskin franchise stor

RaceReady Acquired by Ohayo Sangyo

Ohayo Sangyo LLC has acquired RaceReady, Inc., the running apparel manufacturer, to accelerate the company's growth in US and overseas markets. RaceReady is a manufacturer of high-end, ultra-lightweight running apparel located in Torrance, CA. The co

Adidas Joins Nike and Puma in Chemicals Pledge

Adidas has become the latest company to pledge to eliminate the release of hazardous chemicals throughout its supply chain. Plotting a similar timeframe as Nike and Puma, Adidas promised to eliminate the discharges across both its entire supply chain and

Asics to Open First Store in Brazil

Asics America Group will open its first flagship store in Sao Paulo, Brazil on August 31st. In four years of operation in the country, the Brazilian subsidiary is the fastest growing…

Wilson Expands Presence at U.S. Open

Wilson Racquet Sports is significantly expanding its efforts to engage consumers and retailers through a series of initiatives and events at this year's 2011 US Open, complementing its status as Official Stringer and Official Ball of the tournament.

Protege Launches Give Back Movement

Protege, the athletic footwear and apparel collection available exclusively at Kmart, plans to take its “giveback” philosophy one step further with the Protege Movement, a social campaign featuring a public service pledge championed by Roger Mason, Jr. (N

Genesco Narrows Q2 Loss, Raises Full-Year Outlook

Genesco Inc. reported earnings from continuing operations for the second quarter ended July 30, 2011, of $0.4 million, or 1 cent per share, compared to a loss from continuing operations of $2.4 million, or 10 cents, a year ago. Comparable store sales incr

Vivobarefoot Plans First Barefoot Store

Vivobarefoot is converting its flagship store in Covent Garden to what it's calling the first worldwide 'barefoot concept store.' The Vivobarefoot Experience opens on Sept. 15…

Accell Ups Stake in Derby Cycle AG to 22 Percent

Accell Group said it will increase its minority stake in newly public Derby Cycle AG to approximately 22 percent. Accell Group has acquired shares through the stock exchange thereby taking advantage of the recent lower share price levels.

Rawlings Partners with SmartSports

SmartSports has partnered with Rawlings Sporting Goods Company, Inc. to supply its SmartKage technology systems with high-performance baseball equipment for all of SmartKage's network locations…