SGB Update

Reebok Summer Championships Cancelled After Losing Sponsor

Citing the loss of title sponsorship, ever-increasing facility costs and the general overall economic condition of the country, tournament officials announced today that they will no longer be able produce the annual Reebok Summer Championships, the natio

Kenneth Cole Pre-Announces Strong Fourth Quarter Results

Kenneth Cole Productions, Inc. announced that it will exceed prior earnings guidance by approximately 15 cents per share for operating performance in the fourth quarter ended December 31, 2009 due to a stronger than anticipated holiday season. Net revenue

Golf and Tennis Pro Shop Expands PGA Tour Partnership

Golf & Tennis Pro Shop, Inc., owner and operator of PGA TOUR Superstores, announced an expanded agreement with the PGA TOUR that will pave the way for an increased PGA TOUR presence inside and outside its stores. The new agreement solidifies a relationshi

Shimano’s 2009 Profits Plunge on 20.6% Sales Decline

Shimano Inc. said net income plunged 62% in 2009 to $103 million on a 20.6% decline in sales to $2 billion. The company said it appeared inventory reduction had run its course at the retail level in bicycling, while the U.S. fishing market turned the cor

Buff to Sponsor Janss Pro-Am Classic

Buff, Inc., the technical headwear firm, said it will become a Silver Sponsor of the Sun Valley Ski Education Foundation's (SVSEF) Janss Pro-Am Classic in Sun Valley, ID March 4-6, 2010. Buff, Inc. will be providing the group with 200 Original Buff..

REI’s Earnings More Than Double in 2009

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…

Burton Cuts Small Percentage of Staff and Reinstates Salaries

Burton has restructured its North American staff, resulting in a layoff of less than 2% of its global employee base. The company also announced that it reinstated salaries and merit increases that were decreased eight months ago…

SkirtSports Appoints Public Relations Firm

SkirtSports, the women's fitness apparel maker, has signed Los Angeles-based SnL Communications as its public relations agency of record effective February 1, 2010…

Rab Hires Mid-Atlantic Reps

Rab, the U.K.-based manufacturer of outdoor apparel, this week hired Ferrand Associates to represent the brand in the mid-Atlantic territory. Industry veterans Ray Ferrand and Bill Lockwood each bring…

ORTHOFIT Donates for Haiti Relief

ORTHOFIT's principal, the USA based company Dr. Comfort, donated $1,000,000 in shoes to relief mission in Haiti…