SGB Update

Lululemon’s Fiscal First Quarter Earnings Soar Yet Again

Lululemon Athletica Inc.'s first quarter earnings jumped 70.4 percent to $33.4 million, or 46 cents a share, for the fiscal first quarter and the yoga-themed retailer once again hiked estimates for the year. Results exceeded Wall Street's consen

VF Corp. Acquires The Timberland Company

VF Corporation agreed Monday to acquire The Timberland Company in a deal that would combine two of the largest publicly-traded companies in the outdoor space and double the size of VFC’s already rapidly growing Outdoor and Action Sports Coalition…

Knife Advocacy Group Challenges NY Knife Law

Knife Rights, a knife advocacy group that calls itself “America's premier organization representing knife owners and promoting the safe and responsible use of edged tools,” has filed a federal civil rights lawsuit to stop New York City from “exploiti

Callaway Opens of Two New Performance Centers

Callaway Golf Company has announced the opening of two new Callaway Performance Centers—one at Golf Mart in South San Francisco, CA., and another at Golf Dimensions in Myrtle Beach, SC…

Lululemon’s Q1 Earnings Soar on 16 Percent Comp Gain

Lululemon Athletica Inc. reported revenues jumped 35.1 percent in the first quarter ended May 1, to $186.8 million. Comps increased 16 percent on a constant dollar basis. Earnings catapulted 70.4 percent to $33.4 million, or 46 cents a share, from $19.6 m

PPR Gains Antitrust Approvals for Volcom Deal

PPR S.A., the parent of Puma, and Volcom, Inc. jointly announced that they have received all necessary antitrust approvals applicable to PPR's tender offer for all of the outstanding shares of common stock of Volcom at a price of $24.50 per share in

Vail Resorts Q3 Retail/rental Sales Up 0.5% Excluding Acquisition

Vail Resorts, Inc. said revenue from its Retail/rental operations excluding a resort it acquired last year, grew by just $300,000, or 0.5% in the third quarter ended April 30 over the year ago quarter. Growth came primarily from its Vail and Beaver Creek

Nuun and Co. Appoints Mason Reay As President

Nuun & Co. appointed Mason Reay as its new president. In this role, Reay, who joined Nuun in 2010 as head of marketing, will expand his responsibilities to include oversight of finance, customer support, and business operations…

Paul Fireman’s PE Group Invests in Newton Running

Five years after selling Reebok to Adidas for $3.8 billion, Paul Fireman's private-equity firm is backing Newton Running Co., the Boulder, CO. maker of “natural” running shoes. Boston-based Fireman Capital Partners has invested between $10 million an

LIDS Sports Group Buys Buckeye Corner Stores

LIDS Sports Group has acquired Buckeye Corner stores, which operate in the Columbus, OH area. The acquisition is made up of four store locations, the e-commerce website www.buckeyecorner.com, and a catalog business. Terms of the acquisition were not discl