SGB Update

Play It Again Sports Parent Sees Earnings Gain

Winmark Corporation, the parent of Play It Again Sports, reported net income for the quarter ended June 26, 2010 of $2.33 million, or 45 cents a share, up from $1.2 million, or 22 cents, a year ago. Revenues improved 11.8% to $9.9 million from $8.8 millio

NexCen Brands’ Proposed Asset Sale Gains Recommendations

NexCen Brands, Inc., the parent of The Athlete's Foot, announced that two independent proxy advisory firms, Glass Lewis & Co. and ISS Proxy Advisory Services (ISS), recommend that NexCen Brands' shareholders vote “FOR” the sale of its franchise

NRF: Retail Sales up 3% in June

The National Retail Federation said retail sales – excluding autos, gas and restaurants – decreased a fraction of a percent over May, but increased 3.3% over June of last year…

Sport Chalet Launches Scuba Treasure Hunt

Sport Chalet, Inc. in cooperation with TUSA, Aqua Lung, Mares and Sea Pearls, is inviting SCUBA divers to find one of three sunken treasure bars valued at $5,000, $3,000 and $1,000. The contest ends July 25, 2010…

Champion Launches Athletes’ Creed Campaign

Champion Athleticwear, the National Alliance for Youth Sports and a council of key sports industry leaders are launching an effort to create an Athletes' Creed, a belief system designed to inspire players of all levels to reclaim the pure enjoyment o

Osprey Packs Names Reps for IBD Channel

To support the launch of their Spring/Summer 2011 commute packs and recently launched Hydraulics collection, Osprey has added eight new independent Bike rep agencies in addition to the three cross-over Outdoor agencies to service the IBD channel…

Winmark Closes on $30M Line of Credit

Winmark Corporation closed Tuesday on a $30.0 million line of credit with the PrivateBank and Trust Company. The line of credit will be used for completing the previously announced redemption of Winmark’s Renewable Unsecured Subordinated Notes and f

Zumiez Abandons Pursuit of West 49

Zumiez Inc. said it was ending its takeover pursuit of West 49 Inc., leaving the path open for Billabong International Ltd. to continue its deal to buy the Canadian action-sports retailer. Last week, Zumiez approached West 49, saying it was prepared to ma

Serotta Sport Names Director of Dealer Sales

Serotta Sport, the manufacturer of premium custom bicycles and exclusive distributor of Catlike helmets and ETXEONDO cycling apparel, announces the appointment of Steve Fairchild as Director of Dealer Sales…

Horny Toad Hires Global Director of Sales

Horny Toad appointed Brian Thompson as the global director of sales. Thompson will be based out of Horny Toad's sales headquarters in Santa Barbara, CA. His experience includes 13 years at Cutter & Buck, where he led the overall operations for three

Skechers Shares Under Pressure Over Toning Concerns

Shares of Skechers USA have fallen 20% since June 18, apparently over fears of discounts, slower sales, and the evolution of toning product. But in a note entitled “Negative Chatter Unwarranted,” Chris Svezia, an analyst at Susquehanna International Group