SGB Update

PEP Grants Approved for FY 2011

The U.S. Department of Education announced that PEP will receive $78.84 million in funding for fiscal 2011. That's just 0.2 percent less than the federal government approved in FY 2010. The Sporting Goods Manufacturers Association (SGMA) said the app

Adidas Outdoor’s 2010 Sales Reached Euro 265 Million

Adidas Outdoors’s global sales reached €200 million ($265mm) in 2010 and its sales are growing faster than the 22 percent rate reported by Adidas Group as a whole for the first quarter, Senior Vice President for Global Outdoor Rolf Reinschmidt

Sport Footwear Average Selling Prices Hold Steady in April

Average selling prices for Sport Footwear rose nearly 2 percent to $54.33 for the fiscal month of April, the result of stronger basketball, lightweight running and natural/minimalist running, outdoor and training/fitness footwear sales for the month. The

Canadian Tire Corp. Q1 Retail Sales Up 3.7 Percent

Canadian Tire Corporation, Ltd, (CTC), which announced last week it's intent to acquire Forzani Group Ltd., reported consolidated retail sales increased 3.7% in the first quarter ended April 2, compared to Q1 2010 thanks to strong performance at its

Broder Bros. Q1 Sales Up 13.3 percent

Broder Bros. Co. reported net sales for the first quarter ended March 26 were $173.9 million, up 13.3 percent from sales of $153.5 million for the first quarter 2010…

Aldila Q1 Sales, Earnings Fall

Aldila, Inc. reported net sales were $11.3 million for the 2011 first quarter, down 29.7 percent from the $16.1 million achieved in the year-ago period…

JC Penney 1Q Profit Rises 6.7 Percent

J.C. Penney Co.'s fiscal first-quarter earnings rose almost 7 percent. For the quarter ended April 30, Penney reported a profit of $64 million, or 28 cents a share, up from $60 million, or 25 cents a share, a year earlier…

April Sport Footwear Sales Up Despite Toning Fall

The month of April was a bit surprising for sales of Sport Footwear products considering that the Easter business — which fell three weeks later this year than last year and moved back reporting by a month — barely materialized…

POC USA Inks Ben Wallace as New Vice President of Sales

POC Sports, the supplier of protective sports helmets, eyewear, body armor and apparel, hired action sports industry veteran Ben Wallace as POC USA vice president of sales. Previously serving at K2 Sports as U.S. national sales manager, Wallace will manag