SGB Update Sports & Fitness
Björn Borg AB Sales Improve in Second Quarter
Björn Borg AB, based in Stockholm, Sweden, reported sales increased 4 percent in the third quarter ended Sept 30. Excluding currency effects, sales increased by 2 percent…
Bakers Footwear to Close 150 stores
Bakers Footwear Group, which filed Chapter 11 in early October, began the liquidation of 150 of its 213 stores. The liquidations will cover $30 million of inventory. The company plans to seek financing that will allow it to operate its remaining 63 stores
Outdoor Brands Drive Bulk of CODI’s Third Quarter Growth
Compass Diversified Holdings Inc. reported consolidated revenue at its four branded product companies – CamelBak, Fox Factory, Liberty Safe and Ergobaby – rose 15 percent to $413 million in the third quarter ended Sept. 30…
Haiku Acquired by Blackstone Investment Group
Haiku, a maker of women's bags and accessories sold by REI and many other outdoor retailers, has been acquired by Blackstone Investment Group based in Springfield, MO. Haiku will remain independent while capitalizing on financial and operational effi
Mizuno’s Profits Slide in First Half
Mizuno Corp. reported revenues grew 4.2 percent in the six months ended Sept. 30, to ¥81.3 billion ($1.3 bn). Sales of footwear, especially running shoes, and apparel remained strong throughout the first half. Overall sales increased in Japan and the Unit
Outdoor Brands Respond to Greenpeace’s Detox Challenge
Greenpeace’s Detox campaign, which seeks to pressure companies to eliminate their use of hazardous chemicals, called out the outdoor industry last month for its continued reliance on per fluorinated chemicals (PFCs) to enhance garments’ Durabl
RECALL: 2,500 High Pressure SCUBA Air Hoses
Innovative Scuba Concepts Inc., of Colorado Springs, CO., Trident Diving Equipment, of Chatsworth, CA. and A-Plus Marine, of Gulf Breeze, FL are recalling about 2,500 high pressure SCUBA diving air hoses that can…
Macy’s Q3 Earnings Expand
Macy’s, Inc. reported strong third quarter earnings that underscore the company’s continued progress in implementing key business strategies to drive growth. Earnings were 36 cents per diluted share for the third quarter of 2012, ended Oct. 27
Camping Imports Rose 7.2 Percent in September
Imports of camping apparel and gear reached $743 million in September, up $50 million, or 7.2 percent from September, 2011, according to the U.S. Census Bureau’s monthly report on international trade in goods…
Flow Sports Taps Rehberg to Head Snowboard Marketing
Flow Sports, Inc. announced that Dale Rehberg has been appointed director of marketing for Flow Snowboarding…
Deadline Nearing for Telluride Entrepreneur-in-Residence Program
Outdoor startups have until Thursday, Nov. 15 to submit applications for the Telluride Venture Accelerator’s (TVA) entrepreneur in-residence program, which awards $30,000 in seed capital and $8,000 toward transportation and lodging needed to partici
Peak Sports Discontinues 1,000 Chinese Dealers
Peak Sport Products Co., Ltd has slashed its number of distributors in China by 1,076, or nearly 14 percent, since last year as it tries to rein in an inventory glut…
Liberty Interactive’s E-Commerce Margins Halved in Third Quarter
Liberty Interactive Group said income as a percentage of revenue dropped by more than half in the quarter and nine months ended Sept. 30 at its e-commerce segment, which includes Backcountry.com, Bodybuilding.com and several other businesses…
Reebok-CCM Hockey Clashes with Bauer Over Hockey Helmet
Reebok-CCM Hockey in a press release said “stray comments” from Bauer’s CEO, Kevin Davis, and misinterpretations by some news outlets have created a misimpression that Bauer’s RE-AKT helmet is the only helmet that reduces rotational accelerati
Warnaco’s Swimwear Group Shrinks Q3 Loss
Warnaco Group reported revenues in its Swimwear Group, which is largely Speedo, grew 6.7 percent in the third quarter, to $42.0 million from $39.3 million in the same period a year ago…
