SGB Update

OBIT: Tews Two Sportng Goods Edward Lemke

Edward E. “Jiffy Ed” Lemke, owner of Tews Two Sporting Goods hunt & fish store in Oshkosh, WI, passed away peacefully at his home on Nov. 6, 2009, according to The Post Crescent. He was 71…

Berkshire Apparel Unit Sees Declines

Berkshire Hathaway reported sales in its Other Manufacturing segment, which includes Fruit of the Loom, Russell and Brooks Sports, slid 12.9% to $3.24 billion from $3.72 billion. Pre-tax earnings of the segment were $293 million, a decrease of $185 milli

Garmin’s Q3 Sales Slide Despite Record Sales from OD/Fitness

Garmin Ltd. reported revenues slumped 10.2% in the third quarter of 2009, reflecting significant weakness from the company’s Auto/Mobile and Aviation segment that more than offset growth from the Outdoor/Fitness and Marine segments. Revenues for the

Mountainsmith Hires Western Reps

Pacific Recreation Sales (PacRec), based out of Bakersfield, California, has been retained by Mountainsmith LLC to oversee sales and marketing efforts in California, Arizona, Nevada and Hawaii…

Adidas Group Positive While Posting Q3 Declines

The adidas Group reported that top-line revenues trends had not changed materially since its fist half report, but the company, which also owns the Reebok, CCM-Reebok, Rockport and Taylormade brands in addition to the namesake adidas brand, produced a &#8

Amazon Closes Zappos Acquisition

Amazon.com, Inc. completed its acquisition of Zappos.com. Thanks to an increase in Amazon's stock price, Amazon will pay $1.2 billion, or $117.40 a share, for the business, up from $928 million when the deal was first announced on July 22. As expect

CIT Group Files for Bankruptcy Protection

CIT Group Inc., the commercial lender and the leading factoring company in the U.S., filed for bankruptcy in an effort to cut $10 billion in debt following a failed debt exchange and U.S. taxpayer bailout. CIT’s factoring subsidiary, CIT Trade Finan

Genesco Acquires Sports Fan-Attic

Genesco Inc. announced that its Hat World subsidiary acquired Sports Fan-Attic, a Tampa, Fla.-based retailer of licensed sports headwear, apparel, accessories, and novelties. Sports Fan-Attic operates 37 stores largely in regional malls in seven states.

Golf Datatech: Sept. Rounds Up 4.2%; YTD Up 0.5%

According to a report from Golf Datatech, golf rounds played in the US in September were up 4.1% compared to September 2008 and up 0.5% for the year to date period. Public courses reported rounds-played increases of 4.6% and 0.8% for the month and YTD, re

Warnaco Swimwear Posts Loss After FINA LAZR Ruling Charge

Warnaco's swimwear segment reported a Q2 operating loss of $7.4 million after a $3.6 million charge ($2.2 million after-tax) to write off inventories of its Speedo LZR Racer product. The loss compared to a year-ago deficit of $10.2 million, which inc