SGB Update

OIA Releases Participation Study

Who wants to go out and play? Not as many Americans as last year, according to Outdoor Industry Association's Outdoor Recreation 2003 Participation Study. The study reports that overall, participation in outdoor activities declined from 2001 to 2002,

OIA Rendezvous Right Around The Corner…

There's not a better opportunity for retailers, manufacturers, sales representatives, media, and other industry members to learn, recreate, discuss industry issues and spend time with new and old friends then at the Rendezvous. Check out the “look wh

SBI Announces Major Strategic Reorganization at Fila

A strategic reorganization of Fila and its worldwide subsidiaries was announced Friday by Jon Epstein, CEO of Sport Brands International Ltd (SBI), the new owners of Fila. The reorganization is designed to achieve global efficiencies for the company and r

Black Diamond Hires Some New, Old Faces

Black Diamond Equipment announced the hiring of
three industry veterans to further bolster their product development team. The new additions are Dave Narajowski as the Senior Design Team Leader, Bill Belcourt as the Climbing Hardware Category Manager and

Exped Expands Rep Force

Exped has added Luke Buckingham to cover the Northeast, while Chris Hall and the RepSouth group will cover the Southeast U.S. Dave Cockburn, Kiwi Outdoor Representation, will handle the Southwest duties…

Nike Sees Fiscal Q1 Earnings Rise 21% on Exchange-Aided Growth

NIKE, Inc. reported that revenues for the fiscal first quarter ended August 31, 2003 increased 8.0% to $3.0 bn, versus $2.8 bn for the same period last year. First quarter net income totaled $261.2 million, or $0.98 per diluted share, compared to a loss o

K2 Completes Worth Acquisition; Parish Takes Rawlings Helm

K2 Inc. announced Wednesday that it has completed the acquisition of 100% of the stock of Worth, Inc. The Company also announced that Robert Parish, chief executive officer of Worth, Inc. has been appointed President of Rawlings Sporting Goods, a wholly

Galyans Will Open Stony Point Store In September

GALYAN'S Trading Company is set to celebrate the grand opening of an 84,000 square foot sports and outdoor adventure store September 18 at Stony Point in Richmond, Va. The store, which is the first in Richmond, will offer customers an unconventional

Aldila JV Company To Sell Assets

Aldila, Inc. announced Wednesday that Carbon Fiber Technology LLC (“CFT”), a joint venture limited liability company owned by it and its joint venture partner, has signed a non-binding letter of interest to sell selected assets, including property, plant,

Vans Sees Fiscal Q1 Earnings Beating Forecast

Vans, Inc. said it expects diluted earnings per share from continuing operations for the first quarter of fiscal 2004 to be approximately $0.15 to $0.18 above its previous guidance of $0.58 for the base business (excluding skateparks expected to be closed

MacGregor Golf Re-Acquires Japan Subsidiary

Suntory Ltd. said Wednesday it will sell all of its shares in its subsidiary MacGregor Golf Japan Ltd. to U.S.-based MacGregor Golf Co. before the end of the month. The terms of the deal were not released.

Noland Appointed CFO for Fila USA

Fila USA CEO Tom O'Riordan has appointed Fila USA Vice President – Controller Sharon Noland to Chief Financial Officer. In her new role, Mrs. Noland will assume responsibility for all financial areas including Tax, Financial Planning and Reporting,

Wilson Makes Sales Territory Changes

Wilson Racquet Sports announced that Chris Merrill, a Wilson rep for five years in Atlanta is moving back to the Los Angeles area to take over the territory left by Chris Hefter. Taking Merrill’s place is Jim Haneklau. Haneklau has been in the industry f

Callaway Promotes Hutin to President/COO

Callaway Golf Company has promoted Patrice Hutin to the position of President and Chief Operating Officer, effective immediately. Mr. Hutin, who previously was the Company's Executive Vice President of Global Sales and Advertising, will report to Cal

Bon-Ton Acquires Elder-Beerman for $8/Share

The Bon-Ton Stores, Inc. has entered into a definitive merger agreement providing for The Bon-Ton's acquisition of The Elder-Beerman Stores Corp. at a price of $8.00 per share in cash…