SGB Update

Adidas America Announces Restructuring

Adidas America Inc. on Wednesday said it laid off a small number of employees as part of a U.S. restructuring at its Portland headquarters but indicated that it still expects to see job growth in the U.S. this year…

Footbalance Gains Euro 7M Equity Investment

Scope Growth II L.P, a Swedish private equity firm, has invested €7 million ($9.8M) to become a large shareholder in the Finnish company Footbalance System Ltd. The investment enables Footbalance to build on its custom insole concept already availab

Stamina Products Announces Sustainability Results for 2009

Stamina Products, Inc. said during its first year of implementing eco-friendly practices in its office and warehouse facility, it reduced paper use by about 66%, water usage by 4%, and used around 10% fewer electric kilowatt hours…

OIA Lauds Obama’s 2011 Budget

Outdoor Industry Association (OIA) thanked President Obama for his continued focus on recreation and conservation funding and key youth initiatives; and a new commitment to helping U.S. companies sell their goods in markets overseas…

Arena Swim to Sponsor Auburn University

Arena Swim USA will become the official equipment supplier to the university's men's and women's swim teams. The four-year deal marks Arena's entry into American university sports…

Liquid Force Names Brand Manager, Kite Division

Liquid Force announced that Gary Siskar will be joining the Kite Division as brand manager. The 20-year veteran has worked for brands such as Arnette, OP, Sole Tech, and Burton…

McDavid Sponsors U.S. Snowboarder

McDavid, Inc. inked an endorsement deal with Nick Baumgartner, who will represent the US in Vancouver for the winter games later this month. Baumgartner will wear McDavid’s newest line of HexPad protective apparel during the games, which kick off o

U.S. Snowboarder to Utilize HexPad Protection in Vancouver

U.S. Olympian Nick Baumgartner will wear McDavid Inc.’s newest line of HexPad protective apparel during the winter games in Vancouver, which kick off on Feb. 12. He is the first snowboarder to officially represent McDavid in competition…

Nike and Others Form Sustainability Coalition

Ten organizations, including Nike and the Outdoor Industry Association, announced the launch of the GreenXchange (GX), a Web-based marketplace where companies can collaborate and share intellectual property (IP) which can lead to new sustainability busine

Trek Settles Suit Against Cyclist Greg LeMond

Trek Bicycles settled a lawsuit filed almost two years ago against 3-time Tour de France champion Greg LeMond. Under the terms of the settlement, Trek will make a pair of $100,000 payments to a charity called OneInSix.Org. LeMond is involved in that group

Stein Mart Names Chief Merchant

Brian R. Morrow has been appointed executive vice president and chief merchandising officer of Stein Mart, Inc.. Morrow has more than 25 years of merchandise leadership, most recently as senior vice president and general merchandising manager at Macy&#039

Vans to Sponsor Gudauskas Brothers

Vans said Patrick, Dane and Tanner Gudauskas, three of surfing's most promising young surfers, expanded their six-year relationship with the brand to include apparel and accessories as well as the footwear program they already support…

Body Bar Names European Distributor

Body Bar Inc. said Meijers Distribution has become a Body Bar Master Distributor. Meijers distributes to the Benelux region, which includes Belgium, the Netherlands and Luxemburg. Meijers will also act as a master distributor for Body Bar products in Euro