SGB Update

NFL to Lay Off 14% of Staff

The National Football League will lay off almost 14% of its staff to cut costs. The move will eliminate about 150 jobs over the next 60 days, not including jobs eliminated by individual teams…

Dunning Names Mike Dwyer Head of Menswear

Dunning has hired Mike Dwyer – former Senior Director of Menswear at Burberry Ltd. and Senior VP of Sales & Marketing at Lacoste US – as its Head of Menswear…

SGMA ‘Postpones’ Summer Shows

In a shocking turn of events, SGMA and dmg world media announced the postponement of the next SGMA Team Sports Show and the SGMA Sports Licensing Show, tentatively scheduled for June 2009…

Q2 Net Income Plummets for Smith and Wesson

Smith & Wesson Holding Corporation reported a net loss for the second fiscal quarter of $76.2 million, or $1.62 per fully diluted share, compared with net income of $2.9 million, or 7 cents per fully diluted share, for the comparable quarter last year…

Batters Up USA Sees Participation More Than Double in 2008

Batters Up USA, formerly Play Ball USA, will host its annual membership meeting and board meeting in conjunction with the annual American Baseball Coaches Association convention Friday, Jan. 2, 2009 beginning at 9 a.m. PST at the San Diego Marriott and Ma

Pacific Sunwear Apparel Grows as Footwear is Eliminated

Pacific Sunwear VP of Investor Relations Gar Jackson clarified the circumstances surrounding Division President Thomas M. Kennedy’s recent resignation during the Pacific Sunwear presentation at the Wedbush Morgan Securities California Dreamin’ Management

Sher-Wood Hockey Wins Approval to Acquire TPS Sports

Sher-Wood Hockey Inc. said it has received court approval and completed the purchase of the business assets of TPS Sports Group, a manufacturer and distributor of hockey sticks and protective equipment…

Forzani’s Q3 Net Income Tumbles 33%

Forzani Group Ltd's third quarter profit fell 33% to C$8.4 million ($6.77 million), or C28 cents a share, in the three months ended Nov. 2, from C$12.6 million ($10 million), or C36 cents a share, for the same time last year. Revenue rose 8.8% to C$3

JJB Sports Sees 7.5% Comps Decrease

JJB Sports reported that total group comparable store sales decreased 7.5% compared to last year for the period between July 28 and Dec. 7, 2008. This decrease consisted of a 6.7% increase in revenue for health clubs and an 8.9% decrease in retail sales.

Adrenalina Criticizes PacSun’s Rejection of Bid

Adrenalina issued yet another statement regarding the failure of Pacific Sunwear of California Inc. to explore merger discussions. The neophyte action sports retailer also said it is now a shareholder of PacSun and “intends to significantly increase its p

SIA: Snow Sports Pre-Season Sales Up 9%

Just as snow sports reps began hitting the road to show lines and take orders for next winter, Snowsports Industries America reported industry retail sales rose 9% to $506.8 million in the August to October period.
However, reps would be well served to br

PacSun Responds to Adrenalina’s Requests

Pacific Sunwear of California, Inc. responded to the press release and latest correspondence received from Adrenalina regarding a proposed merger. In a letter to Adrenalina's management, the surf-inspired retailer asserted that it planned to stick wi

PIA Names Canoe Kentucky Founder as CEO

Canoe Kentucky founder and co-owner Ed Councill has been named as CEO of the Paddlesports Industry Association (PIA) — a trade group representing canoe, kayak and raft manufacturers, retailers, outfitters and instructor programs across the US. Councill r