SGB Update Sports & Fitness
New Balance to Enter Skate Market
New Balance announced it will enter the skate footwear market through a licensing agreement with Black Box Distribution of Carlsbad, CA. Black Box will produce the new line of performance footwear and apparel under the New Balance Numeric, or NB#, brand..
Nike Seeks Tax Guarantees as Part of Oregon Expansion
Nike Inc. has told Oregon lawmakers it is willing to invest billions of dollars to create hundreds of jobs in the state if they can guarantee they wont change the state tax code. The request prompted Oregon Gov. John Kitzhaber to call a special session De
Aldila Signs Merger Agreement with Mitsubishi Rayon America
Aldila has agreed to be acquired by Mitsubishi Rayon America, Inc. for $4.00 per share in cash, or $22 million, representing a 60 percent premium over what the company's shares were trading for Dec. 3. Aldila makes carbon fiber shafts and other compo
Reebok Eliminates 65 Jobs At Canton HQs, 150 Worldwide
Reebok International Ltd. said last week it was eliminating about 65 positions at its Canton, MA headquarters as part of a global reduction of 150 jobs…
Warming Winters Cost Tourism Industry $1 Billion in 2000s
The $12.2 tourism industry that caters to skiers, snowboarders and snowmobilers has lost $1 billion in revenues and up to 27,000 jobs over the last decade due to diminished snow fall patterns and the resulting changes in the outdoor habits of Americans, a
Lululemon Athletica Third Quarter Comps up 18 Percent
Lululemon athletica inc. reported net revenue increased 37 percent to $316.5 million from $230.2 million in the third quarter of fiscal 2011. Comparable stores sales for the third quarter increased by 18 percent on a current…
Zamst Signs Stephen Curry to Endorsement Deal
Zamst, a leader in high-performance sports protective equipment, has agreed to a worldwide endorsement deal with professional basketball star Stephen Curry…
SylvanSport Triples Manufacturing Space
SylvanSport, the premier mobile adventure gear manufacturer, is pleased to announce it recently opened an expanded manufacturing facility to support projected sales growth and facilitate new product development. The new space more than triples the facilit
Vail Resorts Retail/Rental Sales Dip in First Quarter
Vail Resorts, Inc. reported Retail/Rental revenues at its more than 165 specialty stores dipped in the quarter ended Oct. 31 due primarily to lower sales at pre-ski season sales, which produced record results in 2011. Despite a five percent increase in se
Reebok Cuts Jobs in Organizational Restructuring
Reebok International Ltd. is eliminating about 65 positions at its Canton, MA headquarters as part of a global reduction. In all, 150 jobs were reportedly eliminated as part of the global restructuring that included closing of its European office in Amste
Competitor Group Announces New Ownership
Competitor Group, Inc. (CGI), the organizer of the Rock ‘n’ Roll Marathon Series, the leading active lifestyle sports media and event entertainment company, announced that Calera Capital, a middle-market private equity firm, in partnership with
Study Bolsters Link Between Routine Hits and Brain Disease
A study by the Boston University School of Medicine of the brains of dead athletes and others shows that most showed signs of brain damage after suffering repeated head injuries…
U.S. Retail Shrinkage Reaches $8.9 Billion
Retailers in the U.S. are expected to lose $8.9 billion over the holiday season as a result of shoplifting, dishonest employees and vendor or distribution losses, according to a new study released today by the Centre for Retail Research. The study found t
Trek Bicycle Superstore Forms Company to Acquire Portland IBD Chain
Trek Bicycle Superstore of San Diego, CA.., which is the nation's top Trek dealer, has taken over Bike Gallery, a chain of six Portland, OR stores. The deal that allows Bike Gallery owner Jay Graves to retire and pass on the reigns to a partnership c
Outdoor Industry Pressure Heads off Tariff Threat
The Obama Administration, in response to a swift and vocal campaign by the outdoor industry, lifted its opposition Friday to eight miscellaneous tariff bills (MTBs) that reduce import duties on certain specialty outdoor footwear products that have no viab
