SGB Update Sports & Fitness

Accell Group Reiterates Guidance Despite Europe’s Bike Glut

Accell Group reiterated its forecast for higher sales and net profit in 2011, despite the uncertain economic outlook in much of Europe and continued discounting. Europe's largest bicycle company said profits from the sale of Derby Cycle stock would m

Genuine Innovations Acquired by ITW

Innovations in Cycling, which does business as Genuine Innovations, has been acquired by Illinois Tool Works Inc. in a transaction that closed Oct. 31 and was led by Chris Auerbach of Accessories Marketing, Inc. (dba Slime)…

Crocs Accuses Walgreen Of Copying Shoe Designs

Crocs Inc. has sued Walgreen Co. with a patent suit Friday in Colorado federal court, according to law360.com. The lawsuit accuses the retailer of blatantly ripping off its distinctive footwear designs…

Messner, DiGiulian to Emcee OIA Outdoor Inspiration Awards at OR

Reinhold Messner and adidas Outdoor athlete and 2011 climbing champion Sasha DiGiulian will kick off the OIA Outdoor Inspiration Awards ceremony at Outdoor Retailer Winter Market at the Capitol Theater. OIA will accept nominations online for the person, g

Orthofeet Expands Sales and Operations Management

Orthofeet announced a new sales and operations management team, comprised of hires and internal promotions. The team represents the first internal changes since the new executive leadership was established last July…

REI Moving N.C. Store into Former Borders Space

REI will relocate its Cary, NC store into a 27,000-square-foot space vacated by Borders, which is liquidating under bankruptcy. The move will allow REI to expand the store to 6,000 square feet. REI has six stores in North Carolina…

Nike ‘Back to the Future’ Shoes Raise $4.7M for Parkinson’s

Nike said the auction of its limited edition Nike MAG shoes — designed as replicas of the futuristic shoes worn by the Marty McFly character in “Back to the Future II” — raised $4.7 million for the Michael J. Fox Foundation for Parkinson’s Research.

Raleigh America and Bike MS Team Up

Bike MS, the largest charity cycling series in the country with 100 events nationwide, and Raleigh, a bicycle brand, announced that they are teaming up to form a partnership and cycling program in 2012…

Vaude Honored with German Sustainability Award

Vaude was honored Nov. 4 at the German Sustainability Day event in the category “Germany’s most sustainable strategies for the future (KMU)” for its social and ecological sustainability. As one of over 670 applicants, the mid-sized famil

Johnson Health Tech’s Q3 Revenues Climb 23 Percent

Johnson Health Tech, Inc., manufacturer of Matrix Fitness, Vision Fitness, Horizon Fitness and Livestrong Fitness equipment, reported third-quarter revenues grew 23 percent, with North American sales ahead 8 percent…

Aldila Swings to Third Quarter Loss on Falling Golf Sales

Aldila, Inc. said falling demand for its composite golf shafts lead to a loss of $413,000, or 8 cents per share, on net sales of $12.8 million in the three months ending Sept. 30. The company said sales of its golf shafts to club makers fell 18 percent fr

Sports Basement to Open Sacramento Store

Sports Basement plans to open a three-story location in downtown Sacramento. The company reached an agreement to move into the long-dormant Bank of America building at Eighth and I streets. It will represent the retailer's 5th store…

Thorlos to Sponsor Beaver Creek Racing Department

Thorlo, Inc. is partnering with Beaver Creek Resort at Vail as the official ski sock of the 2011/12 Beaver Creek Race Department, the official ski sock of the Beaver Creek World Cup Crew, and a presenting sponsor in the 2012 Beaver Creek Championship Race