SGB Update Sports & Fitness
RECALL: 119,000 Gerber Bear Grylls Machetes
Gerber is recalling about 119,000 Bear Grylls machetes because a weakness in the area where the handle meets the blade can cause either to break during use, posing a laceration hazard…
Foot Locker’s Q2 Profits Soar on 9.8 Percent Comp Gain
Foot Locker, Inc. reported earnings jumped 59.5 percent in the second quarter ended July 28, to $59 million, or 39 cents per share. Sales increased 7.2 percent, to $1.37 billion with comps ahead 9.8 percent. Excluding the effect of foreign currency fluct
China’s Exceed Co. Adheres to Expansion Plans Despite Sharp Sales Decline
The company that owns one of China’s most popular domestic sporting goods brands will continue to open up new stores and remains on track to triple footwear production by next year despite rapidly declining sales…
Easton-Bell Project Qualifies for up to $2.3 Million in State Incentives
Illinois Department of Commerce and Economic Opportunity (DCEO) will award Easton-Bell Sports Inc. up to $3.4 million in tax credits, job training grants and other incentives if it hits employment and other targets at a massive new distribution, assembly
Columbia’s Mick McCormick Resigns
Columbia Sportswear said its number two executive, Michael McCormick, executive vice president of global sales and marketing, has resigned from the company for personal reasons. Timothy Boyle, the company’s president and CEO, will be assuming McCorm
Reebok Opens First Fit Hub Store in U.S.
Reebok opened the first Reebok Fit Hub in the U.S. on the corner of Manhattan’s 37th Street and Fifth Avenue. The Fit Hub combines a Reebok retail store on the street level with a Reebok CrossFit Box (gym) on the lower level to immerse consumers in
Alabama Park Wins Coca-Cola Contest to be Named America’s Favorite Park
Coca-Cola announced winners of its America's Favorite Parks contest, which pit 16,000 communities across the country against eachother for bragging rights and nearly $300,000 in cash grants.Pratt Park in Prattville, AL garnered more than 28 million v
Survey: Many Last-Minute BTS Shoppers
Even though they began shopping for back-to-school and college items earlier than ever this year, families with school and college-aged students as of August 7 say they have more than half of their shopping lists to complete. According to NRF’s 201
Deckers Amends Credit Facility
Deckers Outdoor Corp. said that on August 10, it entered into a new credit agreement that increases the secured revolving credit facility under the original credit agreement from $200 million to $400 million. It also increases the sublimit for the issuanc
Broder Bros. Earnings Tumble in Q2
Broder Bros., Co. reported that revenues and earnings declined in Q2 of 2012 on lower gross margins and lower average selling prices, despite an increase in units sold in the U.S. imprintable activewear market…
Airwalk Partners with Race Car Driver Savannah Ivanitski
Airwalk announced a new partnership with Denver-based professional race car driver Savannah Ivanitski…
Outdoor Industry Volunteers to Converge Wednesday in Portland
On Wednesday, August 15, The Conservation Alliance and member companies Columbia Sportswear, KEEN, REI, Icebreaker, Under Solen Media, The North Face and Merrell will partner with Forest Park Conservancy, Portland Parks, Friends of Tryon Creek, SOLV, and
Escalade Sees Q2 Revenues Bolstered By Sporting Goods Business
Escalade, Incorporated reported that revenues for the second quarter of 2012 improved largely on the strength of its Sporting Goods business, offset by weakness in its Information Security and Print Finishing business. Net sales for the quarter ended Jul
July Retail Sales Surprise on the Upside
Retail sales by sporting goods, hobby, book & music stores increased 1.6 percent in July over June, or twice as fast as sales by general retail establishments, according to surprisingly strong estimates released by the U.S. Census Bureau that sent many re
Report: Spyder On the Selling Block
Spyder Active Sports Inc., which is owned by private-equity firm Apax Partners, is being put up for sale with hopes to fetch as much as $150 million, the New York Post reported Friday…
