SGB Update

CIT Secures $4.5 Billion Credit Facility

CIT Group Inc obtained $4.5 billion of additional financing from its creditors as it seeks to complete a debt exchange. The new financing, which adds to a $3 billion loan arranged in July, is being provided by a group of lenders including some of CIT&#039

Marker Völkl USA Collaborates with Gibson Guitar

Marker Völkl USA, distributor of Völkl skis and Marker bindings, has partnered with Gibson Guitar Corporation to produce a series of unique electric guitars.Marker and Völkl themed guitars will be produced in Gibson`s Custom Shop in Nashville, Tenness

Amer Sports Q3 Net Falls on Weaker Wilson, Precor Sales

Amer Sports reported that net sales for the third quarter declined 5.2% to €410.6 million ($587 mm) from €433.2 million ($653 mm) in the year-ago quarter. Currency-neutral sales declined 6% for the period. Total Amer Sports gross margins decl

Big Rock Sports Opens East Coast Distribution Center

Big Rock Sports opened the doors of their newly completed 310,000 square foot warehouse in Hamlet, NC on October 21st. Over 150 people gathered to celebrate the official grand opening of the Henry’s Distribution Center, which has been operational in

Callaway’s Q3 Profit Sink 25%; Sales Down 11%

Callaway Golf Company said third quarter net sales slid 11% to $190.9 million from $213.5 million in the year-ago period. On a currency neutral basis, the company said net sales would have been $194 million, a decrease of 9% compared to the third quarter

Mill Mountain Conservation Easement

Virginia Governor Timothy M. Kaine highlighted the Virginia Outdoors Foundation’s approval of 17,000 acres throughout Virginia to be placed under conservation easement…

Volcom’s Q3 Revenues Drop 15.9%

Volcom, Inc. reported sales fell 15.9% to $93.9 million compared with $111.7 million in the third quarter of 2008. Total revenues in the company’s U.S. segment, which includes revenues from the U.S., Canada, Japan and most other international territ

Volcom’s Q3 Revenues Drop 15.9%

Volcom, Inc. reported sales fell 15.9% to $93.9 million compared with $111.7 million in the third quarter of 2008. Total revenues in the company’s U.S. segment, which includes revenues from the U.S., Canada, Japan and most other international territ

Brunswick 3Q Loss Narrows on Lower Charge

Brunswick Corp. reported sales for the third quarter of 2009 of $665.8 million, down from $1.04 billion a year earlier. For the quarter, the company reported an operating loss of $109.4 million, which included $28.8 million of restructuring charges. In th

Unifi’s Q1 Profit Highest in Seven Years

Unifi reported net income of $2.5 million or $0.04 per share for the first quarter of the 2010 fiscal year compared to a net loss of $6.3 million or $0.10 per share and a net loss of $676 thousand or $0.01 per share for the June 2009 and September 2008 qu

KARHU Extends European Distribution

KARHU, Finland's running brand announced that it is expanding in Europe. On the heels of launching award-winning Fulcrum footwear in N. America in 2009, KARHU will soon be available in the Finnish, German, Austrian and Italian markets in Spring 2010.