SGB Update

Sportcraft in Recall of Tredex Treadmills

Sportcraft Ltd, in coorperation with the CPSC, is voluntarily recalling 320 units of the Tredex 10.0 treadmill. The product was said to have been sold primarily through Dick's Sporting Goods from January 2004 through March 2004 for between $500 and

Global Retail Sales Show Mixed Results…

While the U.S. retail market continues to post healthy comp stores sales growth, the global retail market has seen mixed results over the least few months, with Europe starting to see the healthiest gains…

adidas Extends French Soccer Federation Partnership Deal

The Fédération Française de Football (FFF) and adidas announced that they have extended their partnership agreement until 2010. The French Football Federation currently holds the second place in the FIFA World Ranking and is the defending European Champio

All Eyes on Gander Mountain…

Several top investment firms initiated coverage of Gander Mountain this week, including Piper Jaffray, Bank of America and William Blair & Co. – the firm that floated the outdoor retailer’s IPO. The company received high marks from all analysts, who cited

Cabela’s Prices IPO Range; May Net North of $93 Million

Cabela's Inc. on Monday set the range for its pending IPO at an estimated price between $15 and $17 per share. The company plans to offer 9.375 million shares, netting the company between $93.75 million and $106.25 million. Selling shareholders wil

Retail Execs See Lighter Traffic But More Sales in May…

It looks like the most recent Executive Opinion Survey, a monthly index by the National Retail Federation, was a fair indicator of the health of the retail business in May as retail execs also noted that the prediction of a negative impact of higher gas p

Cobblestones Names Sales and Marketing Chief

Cobblestones Activewear has named Michael Seegmiller vice president of Sales and Marketing, it was announced by Mark Osborn, general manager. Seegmiller comes to Cobblestone with more than 25 years experience in managing national and key accounts, includi

Zanatta Leaves Lotto Board; Tecnica is Now Sole Focus…

Giancarlo Zanatta, President of the Tecnica Group, has resigned his position as a member of the board of directors of Lotto Sport Italia in an effort to focus on re-launching the Nordica and Rollerblade brands world-wide…

ASTM Certifies New Textile Testing Method…

The American Society of Testing and Materials and Outlast have collaborated with Dr. Douglass Hittle, the Director of Solar Energy Applications at Colorado State University, to develop a textile test for phase change materials…

G-III Feels the Sting of Declining Sports Fashion Market…

G-III Apparel Group widens its net loss for the fiscal first quarter ended April 30, due primarily to continued softening in the company’s “fashion sports apparel” category and efforts to clear the slower goods that cut deeply into margins. The company s

DuPont Builds Eco-Friendly Textile Plant…

DuPont has signed a joint venture agreement with Tate & Lyle PLC, a U.K.-based carbohydrate processing company, to develop and build a production facility for a bio-based nylon and polyester alternative. The joint venture will use a proprietary fermentati

American Recreation Parent Boosts Net Income 18.5% in Q1…

Kellwood, Inc. first quarter sales increased 2.1% to $686.1 million, compared to $672.3 million last year due to a combination of organic growth of $5 million, or approximately one percent, and the acquisition of Phat Fashions which provided an additional