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…
Under Armour, Steele Fitness to Open Co-Branded Store
Under Armour and Steele Fitness, a Minneapolis-based upscale fitness club chain, will open a co-branded store in May, according to a report in the Minneapolis Star Tribune…
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-
K-Swiss and E.Land World Complete Merger
E.Land World Ltd. has completed its acquisition of K•Swiss in a merger transaction…
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.
Swiss Running Shoe “On” Opens U.S. Headquarters in Portland
On, the Swiss technology, the Swiss Running Shoe company, has officially opened its first U.S. headquarters in Portland, OR. Since the brand launched in the U.S. in 2011, a small local team had been operating out of Florida..xccx.
Amer Sports Q1 Sales Buoyed by Apparel, Weighed Down by Team Sports
Amer Sports' reported net sales in the first quarter reached €493.0 million, up 2 percent in local currencies. Apparel sales rose 25 percent, Fitness sales by 6 percent and Sports Instruments by 4 percent. Sales in Winter Sports Equipment, Foot
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
Imprintables Warehouse Launches Bargain Website
Imprintables Warehouse recently launched a new website called “The Dump at Imprintables.com,” offering deals on heat-applied graphics products and equipment…
Jarden Outdoor Reports 3.7 Sales Increase in First Quarter
Sales at Jarden Outdoor Solutions (JOS), which owns major fishing, camping and fall sport brands, grew 3.7 percent in the three months ended March 31…
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