SGB Update Sports & Fitness
Fanatics Completes Acquisition of Dreams; Receives $150 Million in Equity Funding
Fanatics, Inc., a leading online retailer of officially licensed sports merchandise, announced it has completed its previously announced acquisition of Dreams, Inc. In conjunction with the acquisition, Fanatics closed a $150 million equity investment led
Lululemon’s Q1 Earnings Soar on 25 Percent Comp Gain
Lululemon Athletica Inc. reported that sales in the first quarter vaulted 52.8 percent to $285.7 million. Comparable stores sales for the first quarter increased by 25 percent on a constant dollar basis. Net earnings jumped 39.5 percent to $46.6 million,
FHB Sales Hires Former Deputy, SandR Pro
FHB Sales, representing a number of outdoor sporting goods brands, has hired former North Lake Tahoe Sheriff's Deputy and search and rescue professional Dan Ingalls as a new member of the sales force for the Southwest region…
Mountainsmith Retains Active Outdoors Group
Active Outdoors Group, owned and operated by Bill Cochrane, has been retained by Mountainsmith to oversee their efforts in the Great Lakes states of Michigan, Ohio and Indiana…
U.S. Forest Service Waives Recreation Fees Saturday
The U.S. Forest Service is waiving recreation fees and hosting outdoor events across the country to celebrate the 5th annual National Get Outdoors Day on Saturday…
Rack Room Hires Mark Lardie as CEO
Mark Lardie, footwear industry veteran, has been appointed to president and CEO of Rack Room Shoes, effective June 15. In this role, Lardie will be responsible for leading the Rack Room Shoes and Off Broadway Shoe Warehouse retail brands…
Headsweats Again Sponsoring NBC’s ‘Ask Bobke’ Segments During Tour de France Coverage
Headsweats is embarking upon their third year as sponsor for Bob Roll’s Ask Bobke segments featured on NBC and NBC Sports Network during the network’s coverage of the 2012 Tour de France beginning Saturday, June 30th…
OIA to Double Training Sessions at Outdoor Retailer Shows
Outdoor Industry Association (OIA) and Outdoor Retailer (OR) are expanding their partnership to double the amount of Outdoor University educational sessions offered at the trade show. OIA expects to offer as many as 50 seminars at the trade spanning such
Icebreaker to Open Second Vancouver Store in September
Icebreaker will open a new TouchLab store on Vancouver’s North Shore in September 2012…
Michael Egeck Steps Down as Hurley’s CEO
Nike, Inc. announced that company founder and chairman Bob Hurley will assume the interim CEO role at Hurley International, LLC, replacing Michael Egeck who has decided to leave the company. Hurley will work closely with Roger Wyett, president of Nike, In
Bon-Ton Comps Up Slightly in May
The Bon-Ton Stores, Inc. announced comparable store sales in the four weeks ended May 26 increased 1.5 percent. Total sales increased 1.2 percent to $183.1 million in the current year compared with $181.0 million in the year-ago period…
Costco Wholesale’s U.S. Comps Clock in at 5 Percent in May
Costco Wholesale Corporation reported comparable store sales for the period ended May 27 rose 5 percent in the United States, excluding the impact of fuel prices…
Nordstrom’s Comps Climb 5.3 Percent in May
Nordstrom reported a 5.3 percent increase in same-store sales for the four-week period ended May 26, 2012 compared with the four-week period ended May 28, 2011. Preliminary total retail sales of $870 million for May 2012 increased 9.3 percent compared wit
Kohl’s Comps Dip in May
Kohl’s Corporation said that for the four-week month ended May 26, 2012 total sales decreased 2.6 percent and comparable store sales decreased 4.2 percent from the four-week month ended May 28, 2011…
PowderQuest Reports Record Bookings for South American Trips
PowderQuest, operators of ski and snowboard tours in South America for 14 years, announced their strongest opening bookings on record…
