SGB Update Sports & Fitness
Beijing AIC Fines Nike for Having Double Standard
Nike has been fined 4.87 million yuan ($779,700) for deceptive advertising in China, according to the Beijing Administration for Industry and Commerce recently. According to Want China Times, a model of Nike basketball shoes that sell for 1,299 yuan ($208
Alpenglow Sports Opens Third Dynafit Test Center in Tahoe
Dynafit has partnered with the new owner of Alpenglow Sports of Tahoe City, CA to open North America’s third Dynafit Test Center. The new Dynafit Test Center is aimed at bridging the gap between education, demonstration, and recreation…
Academy Sports Apologizes for Leaking Houston Astros New Merchandise
Academy Sports + Outdoors apologized to the Houston Astros fans, the Astros organization and Major League Baseball for inadvertently leaking a small quantity of the new Astros product at its stores in Houston…
AAFA: U.S. Footwear Production Rose in 2011
Footwear production increased 7.9 percent in the United States in 2011 despite slightly lower domestic unit sales thanks to growing exports, according to the American Apparel & Footwear Association (AAFA)…
Dick’s Sporting Goods Opens 5 Stores this Week
Dick’s Sporting Goods said several former NFL greats will appear this weekend at grand openings of four new stores in Oklahoma City and one in Monroe, LA…
Report: Scheels Eyeing Gigantic Kansas City Store
According to the Kansas City Business Journal, marketing materials online for the Corbin Park shopping center in Kansas City indicate that a 220,000-square-foot Scheels is being planned to open in summer 2015…
New Store Profits Prompt Cabela’s to Accelerate 2014 Store Openings
Cabela’s executives said they will more than double their store expansion plans in 2014 after watching their next-generation stores continue to outperform larger legacy stores in the third quarter on sales per square foot, and profit per square foot
Deckers Outdoor’s Q3 Hit by Weakness at Ugg
Hurt by weaker sales of Ugg due to rising prices and warm weather, Deckers Outdoor Corp reported net sales in the third quarter fell 9.2 percent to $376.4 million compared to $414.4 million for the same period last year. Net earnings slumped 32.3 percent
Callaway Golf’s Losses Deepen in Q3
Callaway Golf Company reported its losses in the third quarter widened to $89.2 million, or $1.33, in the third quarter from $60.1 million, or $1.01, a year ago…
Iconix Acquires Umbro from Nike
Iconix Brand Group, Inc. signed a definitive agreement to acquire the Umbro brand and related intellectual property assets from Nike, Inc. for $225 million in cash. The transaction is expected to close by the end of the year…
Intersport Corp. to Acquire The Athlete’s Foot
Global Franchise Group, LLC said it reached an agreement to sell The Athletes Foot (TAF) to Intersport International Corp. (IIC). TAF currently has 430 franchisee-owned stores in 27 countries, including the U.S., Mexico, Peru, the United Arab Emirates, Ku
Merrell Partners with Mast General Store to Help Fight Hunger
Merrell and Mast General Store are joining forces to help fight childhood hunger in local communities. For each pair of Merrell shoes purchased at Mast General Store Oct. 14 through Oct. 31, Merrell will fill a pack with food to feed a child for a weekend
Rocky Brands Sees Modest Q3 Revenue Gain
Rocky Brands, Inc. reported net income in the third quarter nudged ahead to $5.4 million, or 72 cents a share, from $5.2 million, or 70 cents, a year ago. Sales gained 2.1 percent to $72.5 million from $71.0 million a year ago…
Prince Extends Multi-million Dollar Partnership With David Ferrer
Prince Global Sports, the tennis equipment and footwear company, has renewed a partnership with the second-highest ranked Spanish player and fifth in the world…
RECALL: Louis Garneau Sports Inc.’s Pulse LTD 2009 Bikes
FGL Sports of Canada is voluntarily issuing a targeted consumer recall of the Pulse LTD 2009 hybrid bicycle due to a manufacturing defect…
