SGB Update

REI Doubles 2009 Net on 1.5% Increase in Sales

Recreational Equipment, Inc. (REI) reported pre-audited earnings in 2009 more than doubled to $29.8 million from $14.5 million a year ago. Revenues improved 1.4% to $1.45 billion from $1.43 billion…

Rawlings Names David Hill Senior Directof of Fall Products

Rawlings has named David Hill to the newly-created position of Senior Director, Fall Products. Hill will assume responsibility for driving the football and basketball businesses for the company, while advancing the product lines in the fall sports categor

LaCrosse to Move Danner to Larger Factory

Representatives for LaCrosse Footwear, Inc. said the company plans to move into a new Danner factory in Portland, OR. The new Danner facility will be located in an industrial building approximately one mile from the company's corporate headquarters..

Redcats USA Appoints New CEO

Redcats, which owns the Sportsman's Guide, The Golf Warehouse and other catalogs, named Sylvain Desjonquères as the president & CEO of Redcats USA. Sylvain was formerly…

Mizuno Swings to Q3 Profit on Improving Margins

Mizuno Corp. for the second year in a row lowered its fiscal full-year forecast after weak fiscal third quarter sales brought new realities of the business into focus. The company reported last week that the declines in the golf business had moved into po

VF Corp. Q4 Net Drops After Write-downs…

Led by growth from The North Face, Vans and 7 For All Mankind, and higher margins resulting from its owned-retail expansion, VF Corp. wrapped a better-than-expected fourth quarter and forecast profitable growth in 2010. Still, overall Q4 earnings decline

Blacks Leisure Sells Mambo Surf Brand

Blacks Leisure, the struggling U.K. outdoor clothing retailer, sold its Mambo surf brand for £800,000 ($1.3 million) as part of its ongoing exit from the boardwear space. The sale comes amid reports of more suitors arriving to acquire the owner of Millets

Mizuno Corp. Lowers Outlook on Continued Declines…

Mizuno Corp. for the second year in a row lowered its fiscal full-year forecast after weak fiscal third quarter sales brought new realities of the business into focus. The company reported last week that the declines in the golf business had moved into positive territory again, but declines continued in the Americas and Japan.  Decreased […]

AAFTA Promotes Lower Booth Costs for New Fly Fishing Show

The American Fly Fishing Trade Association (AAFTA) said rates for standard inline booths at its inaugural International Fly Tackle Dealer Show to be held in Denver Sept. 9-11 will be 18% lower than those charged at the 2009 Fly Fishing Retailer show it is

Kmart Gets New Apparel Chief

Sears Holdings named Tara Poseley as SVP and president – Kmart Apparel. Poseley was formerly President for BEBE SPORT, and in six months created..

Cherokee Inks for Licensing Deals for Sideout Brand

Cherokee Inc entered into three new exclusive license agreements for its Sideout brand. Hudson Bay Apparel Brands, a supplier of men's, young men's and boy's branded and private label apparel has been granted the exclusive right in the US t

REI Doubles 2009 Net Profit on 1.5% Increase in Sales

Recreational Equipment, Inc. (REI) reported pre-audited earnings in 2009 more than doubled to $29.8 million from $14.5 million a year ago. Revenues improved 1.4% to $1.45 billion from $1.43 billion…