SGB Update

Schutt Sports Bankruptcy Plan Confirmed

A federal judge has confirmed the Chapter 11 bankruptcy plan for Schutt Sports Inc. Creditors “overwhelmingly voted to accept the plan,” Chief U.S. Bankruptcy Judge Kevin J. Carey from Delaware said in his order on May 11, according to Bloomberg Businessw

Silver Star Merchandising Inks Licensing Deal with USC

Silver Star Merchandising Ltd., an Irving-based company launched last year by the family of Dallas Cowboys owner Jerry Jones, has signed a 10-year-agreement to be the exclusive maker and distributor of off-field T-shirts, hats and other athletic-themed ap

Aetrex Opens First Concept Store

Aetrex Worldwide Inc. said it opened the doors to its first retail concept store in Englewood, N.J. The 2,400 square-foot store located in the heart of the town's shopping district will feature iStep Wave, Aetrex's digital foot scanning technol

SRAM International Files for IPO

SRAM International Corp., the world's second largest maker of bicycle compoents after Japan's Shimano Corp., plans to go public, according to papers it filed with the Securities and Exchange Commission. SRAM S1 registration shows the company ha

Payless Expands Champion Activelite Minimalist Line

Payless ShoeSource announced the continued expansion of its Champion Activelite collection featuring minimalist shoe technology. The company said by making performance runners available for $35 it would “democratize” the minimalist running craze…

Nordstrom’s Q1 Profits Climb 24 Percent

Nordstrom Inc. reported earnings in the first quarter rose 24 percent to $145 million, or 65 cents per share, from $116 million, or 52 cents, a year ago. Nordstrom's first quarter performance was at the high end of the company's internal plans,

Kohl’s Raises FY EPS Outlook on Above-Plan Q1

Kohl's Corp.'s first-quarter profit rose 6%, to $211 million, or 73 cents a share, up from $199 million, or 64 cents a share, a year earlier. Last week, the company said it expected per-share earnings at the high end of the forecast of 68 cents

Jetboil to Continue Pressing Patent Infringement Suits

Jetboil President and CEO Perry Dowst said the company's decision to drop its patent infringement action against Primus and Brunton last week in a Delaware court was a business decision and that Jetboil continues to press separate actions alleging vi

Johnson Health Tech’s Q1 Revenues Climb 21 Percent

Johnson Health Tech, Inc. (JHT), manufacturer of Matrix Fitness, Vision Fitness, AFG, Horizon Fitness and Livestrong Fitness equipment, reported a 22 percent gain in domestic sales over the corresponding 2010 time period. Worldwide sales for Q1 rose by 21

Schuylkill Valley Sports Hires Regional Team Rep

Schuylkill Valley Sports announced that Rich Patterson has joined the Schuylkill Valley Sports’ team as a regional team salesman specializing in institutional sales in the Bucks, Montgomery and eastern Chester counties…

Hind Secures New Apparel Licensee

Collective Licensing International (CLI) announced a new three-year licensing agreement with IFG, a division of Admji Apparel Group of New York, under which IFG will license the Hind brand and design, manufacture and distribute Hind-branded performance at