SGB Update Sports & Fitness

Garmin Fitness Revenues Up 2 Percent Despite Tough Comps

Garmin Ltd. reported Fitness segment revenue increased 2 percent in the first quarter ended March 30 to $72 million despite tough comps. Sales in its Outdoor segment dipped 1 percent to $76.2 million, but the company said it expects solid gains in the cur

Orvis Agrees to Acquire Two Brands from 3M

The Orvis Company, Inc. entered into a definitive agreement to acquire the Scientific Anglers and Ross Reels businesses from 3M. Both business will continue to operate independently from their existing locations…

Outdoor Sports Marketing Hires Manager for NC Showroom

Outdoor Sports Marketing (OSM) has hired Mackey O’Connor Leitch as office manager for its Hendersonville, NC showroom. OSM is a manufacturers' representative for Chaco, MSR, Osprey, Platypus, Prana, Smartwool, Therm-A-Rest and Vasque in the Sou

Dorel Industries to Continue Stock Buyback Program

Dorel Industries Inc., one of North America’s largest bicycle vendors, disclosed plans to repurchase and cancel up to 850,000, or 3.07 percent, of its Class B subordinate voting shares over the 12-month period beginning May 2, 2013…

REI Members Elect Venture Capitalist, Retailer to Co-op Board

REI announced that venture capitalist Steven Hooper and Vitamin Shoppe Inc. CEO Anthony Truesdale were elected to three-year terms on the co-op’s board of directors. In addition, incumbent directors John Hamlin and Dagoberto (Bert) Quintana were re-

Black Diamond Equipment Reshuffles Sales Executives

Black Diamond Equipment reshuffled its top sales executives by promoting Brian Mecham to vice president of North American wholesale and reassigning apparel line sales manager Bill Sinoff to take Mecham's place as North American director of wholesale.

Amer Sports Americas Makes Numerous Promotions

Amer Sports promoted Nora Stowell to a newly-established role as VP of sales for Amer Sports in the United States for all categories of Salomon, Suunto and Atomic. Jordan Judd was named VP and regional commercial director for Salomon in North America, and

France’s Decathlon Ekes Out First-Quarter Gain Comps Gain

French sporting goods giant Oxylane reported sales reached €7 billion ($9.0 bn) in 2012 excluding valued added taxes (VAT), up 7.2 percent from 2011. Comparable store sales at its flagship Decathlon stores increased 1.3 percent…

Despite Record First Quarter, Columbia Expects Lower 2013 Results

Columbia Sportswear Company’s net sales increased 5 percent in the quarter to set a first quarter record as cold weather helped it clear winter inventory, but the company expects sales to decline for the fully years as North American dealers trim pr