SGB Update

US Bank Extends FLW Outdoors Sponsorship

FLW Outdoors said US Bank has extended their sponsorship with FLW Outdoors, marking their 7th consecutive year as a sponsor and the official bank of FLW Outdoors. Terms of the agreement were not disclosed…

Charges Sink Foot Locker’s Q3; Sales Slide 7.3%

Foot Locker, Inc. reported a net loss of $6 million, or 4 cents per share, for the third quarter ended Oct. 31 after including $22 million, after tax, or 14 cents per share, of non-cash impairment charges to write down long-lived assets of the company&#03

VF Outdoor Launching Two New Value Backpack Brands

VF Outdoor, Inc., a subsidiary of VF Corporation is introducing the launch of two new backpack brands, Wolf Creek and L8R to service the sporting goods, mid-tier, mass and club channels in Fall 2010. VF Outdoor says the the Wolf Creek and L8R brands were

RECALL: Salomon Ski Bindings

About 10,000 alpine ski bindings from Salomon USA are being recalled. The toe component of the ski bindings could fail to fully secure the ski boot to the ski binding, causing the binding to release unexpectedly. This could cause the skier to lose control

Evolv Names Creative Director

Evolv, the climbing shoe brand, has added the artist Jeremy Collins to its management team in the role of creative director…

Nike Increases Dividend by 8%

Nike Inc. announced that its board of directors has declared a quarterly cash dividend of 27 cents per share on the company's outstanding Class A and Class B Common Stock…

Acushnet Receives ‘Beacon for Energy’ Award

Acushnet Company, which is comprised of the Titleist, FootJoy and Cobra Golf brands, was named the recipient of the first Massachusetts Department of Energy Resources (DOER) “Beacon for Energy” award…

Cybex Names VP to Find Financing Partners

Cybex International, Inc., the manufacturer of premium exercise equipment for the commercial and consumer markets, announced Thomas J. Gordhamer has joined Cybex Capital as vice president…

Puma Joins Climate Neutral Network of the United Nations

Puma said it will become the first major sportswear company to join the Climate Neutral Network of the United Nations Environment Program, the company announced at its 7th annual stakeholder meeting “Talks at Banz” at the Banz monastery in Ger

Saks Returns to Profitability

Saks Inc reported that it earned $1.9 million, or 1 cent per share, in the third quarter. The upscale chain recorded a net loss of $43.7 million, or 32 cents per share, for the prior year third quarter ended November 1, 2008…

Point6 Opens Headquarters in Steamboat Springs

Wool sock manufacturer point6 announced the opening of a new Colorado-based home office. The company's anticipated growth prompted the investment in a central sales, marketing and office headquarters based in Steamboat Springs, Colo…

Foot Locker Elects Ken Hicks to Additional Position of Chairman

Foot Locker, Inc. announced that its board of directors has elected Ken C. Hicks, its president and chief executive officer, to the additional position of chairman of the board, effective January 31, 2010, the beginning of its next fiscal year. He succeed

The North Face Launches PlanetExplore in Denver

The North Face announced the Denver launch of PlanetExplore, a new online community that connects people to the outdoors in meaningful ways by serving as a hub for local outdoor activities and events…