SGB Update

The AAC Calls For Nominations

The American Alpine Club is seeking nominations for members to serve on the AAC Board of Directors. We are looking for nominees with strong business or non-profit backgrounds who enjoy climbing and want to make a difference for the climbing community…

Ashworth Opens First Resort Concept Shop

Ashworth is opening its first Resort concept shop at Parisian Riverchase Galleria on October 18th. The shop will feature the latest in multimedia and interactive technology as well as a full selection of Ashworth apparel and Callaway Golf apparel includin

Decathlon Stores Are On Their Way Out

Big crowds of shoppers are expected at selected Decathlon Sports stores beginning Wednesday, October 8, as consumers take advantage of store closing sales in several locations in New England. As announced earlier, Decathlon Stores is closing the stores as

GBMI Named to Inc. 500 List

Inc. Magazine today released its 23rd annual Inc. 500 ranking of the fastest-growing private companies in the country. Fashion design company, Global Brand Marketing, Inc. (GBMI), ranks #84 on the list, with five-year sales growth of 1,708%. Also in the s

Phoenix Expands Stable in Royal Robbins Acquisition Deal…

Phoenix Footwear has signed an agreement to acquire Royal Robbins. The deal includes $6.5 million due at closing with an additional contingent purchase value of around $5 million based on a two-year earn-out formula. The initial payment will consist of $6

Columbia Makes No Bones About Brand Positioning…

Columbia made a clear point at the recent investor conferences that the company sees itself in the value end of the business for the Columbia brand. Company CFO Bryan Timm and Director of Investor Relations David Kaiser presented at the recent Wells Farg

Salomon Looks to Grow Apparel…

Salomon president Jean-Luc Diard said during his presentation last week that his division, which includes Mavic in Cycling, Arc’teryx in Outdoor, Bonfire in Snowboard and Cliché as their European Skateboard line, saw sales “pretty much” double since 1997.

With a Little Help From My Friends…

The on again, off again saga of the Malden Mills bankruptcy appears to be winding down this week, with a new exit date set for the middle of the month. Company chairman Aaron Feuerstein has another window of opportunity to close on a deal that will enable

It Pays to be Flexible These Days…

Deuter has only been around in the U.S. for a little over two years, but they have been giving many entrenched pack companies a run for their money. This may be because Deuter has been around for so long in Europe, and they have built in production effici

INTERBIKE is THE Place To Be This Weekend…

The InterBike Tradeshow is shaping up to be a record-breaking event on just about every level. Preliminary attendance levels are the highest they have been since 1998 with 14,000 retailers from 3,300 bike shops pre-registered. The show has seen a 43% gro

Reebok Taps Sonny Vaccaro to Run Grassroots Basketball

Reebok International and sports marketing legend Sonny Vaccaro have entered into an agreement to create a comprehensive grassroots basketball platform designed to further connect the sports and fitness brand to the youth basketball market. Vaccaro will b

Stage Stores to Acquire Peebles, Inc.

Stage Stores Inc. has entered into a definitive agreement to acquire Peebles Inc., a privately held retailer headquartered in South Hill, Va. For the trailing twelve-month period ended Aug. 2, 2003, Peebles had sales of approximately $311 million and net

Stage Stores September Comps Decline 3.8%

Stage Stores Inc. reported that comparable store sales for the five-week period ended Oct. 4, 2003 decreased 3.8% as compared to the prior year five-week period ended Oct. 5, 2002, during which comparable store sales decreased 1.8%. Total sales increased

Value City Adopts Holding Company Structure

Value City Department Stores, Inc. on Tuesday announced the adoption of a new holding company structure for its operating units and a stand-alone service organization. Value City Department Stores, Inc. will become a wholly owned subsidiary of Retail Ven

Nautilus Loses Latest Round in Suit Against ICON

A U.S. Federal District Court has granted ICON Health and Fitness, Inc.'s Motion for Summary Judgment of Non-Infringement under the Doctrine of Equivalents. Nautilus will appeal this decision to the Federal Circuit Court of Appeals once the District