SGB Update Sports & Fitness
Volcom Beats Street, Swings to Profit in Q4 on Reduced Retail Discounts
In the closing quarter of a year that Volcom management called “one of the most challenging for our company and our industry,” the action sports apparel manufacturer handily exceeded analysts’ earnings estimates to wrap up 2009…
Cloudveil Founder Resigns
Cloudveil’s Co-Founder and President Stephen Sullivan has resigned following the recent sale of the brand. As reported, Spyder Active Sports last week sold the outerwear firm to Windsong Brands LLC, a private equity firm based in Westport, CT.
Wenger Opens First U.S. Store
Wenger has opened its first U.S. store, in Boulder, CO. The 3,000 square-foot store will open in April and sell Wenger's new line of technical footwear; tents, sleeping bags and backpacks…
New Balance to Sponsor NSSF Outdoor Nationals Event
New Balance announced an official multi-year partnership with the National Scholastic Sports Foundation (NSSF) in the Outdoor Nationals event, renamed the New Balance Outdoor Nationals…
Direct Business Sinks Nautilus’ Q4 Top Line 16%
Nautilus, Inc. said net sales from continuing operations for the fourth quarter ended Dec. 31 fell 16.0% to $53.7 million from $63.9 million in the year-ago period. Continuing results include the company’s direct and retail businesses but exclude th
Man Arrested for Embezzling $400K from Bass Pro
A fifty-two-year-old man was charged with stealing at least $457,750.82 over several years from Bass Pro's flagship store in Springfield, MO. Eugene Black worked as a contracted vendor, selling figurines and carved crafts at The Little Glass Shack i
REI, Timberland Join Climate Counts Industry Innovators
Six charter companies – Amtrak, Ben & Jerry's, Clif Bar, REI, Shaklee and Timberland – have signed on as charter members of the Climate Counts Industry Innovators (i2) project…
Genesco’s CEO Robert J. Dennis Adds Title of Chairman
Genesco Inc. said Robert J. Dennis, president and chief executive officer, has been named to the additional office of chairman, effective April 1, 2010. Dennis will succeed Hal N. Pennington as chairman…
ATF: Cav Arms Corp. and Owner Plead Guilty
Cavalry Arms Corporation and its owner Shawn Michael Nealon, 38, of Mesa Arizona., pleaded guilty to the felony offense of Illegal Sale by a Federally Licensed Firearms Dealer to an Out-of-State Resident, in federal district court in Phoenix, according to
Coalition Calls on Administration to Make Fisheries Management Changes
A coalition of marine recreational fishing, boating, and conservation organizations and businesses called on the Obama administration to take immediate action to address a crisis within the federal fisheries management system…
Nike Increases Sponsorship Deal for Soccer Star Ronaldo
Nike Inc. will pay Real Madrid star Cristiano Ronaldo €6 million ($8.1 mm) per year until 2014 million, under a new sponsorship deal, up from €4 million under its previous deal. Spanish newspaper Marca says Nike stepped up its bid for the Port
Three Aldila Directors Resign
Three directors of Aldila Inc. have resigned as part of the golf shaft maker's efforts to reduce expenses, according to a filing with the Securities & Exchange Commission. Andrew Leitch, Bryant Riley and Michael Sheldon resigned on February 23…
Gill Athletics and USA Track and Field Partner on Coach Award
Gill Athletics, the track & field equipment manufacturer, and USA Track & Field (USATF) announced a new Gill Athletics National High School Track & Field Coach of the Year Award. The inaugural honor will recognize one high school girls' program track
Iconix’s Q4 Bolstered by Wal-Mart Athletic Rollout
Iconix Brand Group. reported Q4 sales jumped 21% to $65.8 million, boosted by the rollout of its sports brands in licensing deals to Wal-Mart and its acquisition of Mark Ecko Enterprises, which includes Zoo York. Earnings rose 28.8% to $19.7 million, or 2
New Balance Details Plans for HQ Expansion
New Balance unveiled its plan for a $250 million mixed-use development alongside its headquarters in Brighton, MA, that would feature a sports complex, hotel, park, movie theater, office buildings, and community space, along with a commuter rail station a
