SGB Update Sports & Fitness
Bike Industry Wins Two-Year Stay on Lead Law
The Consumer Product Safety Commission last week denied the bike industry’s petition to exclude children’s bikes from a strict new lead law but granted a two-year stay of enforcement, giving manufactures a bit of breathing room to figure out how to best c
Sports Supply Sees Fiscal Q3 Profits Rise Despite Sales Dip
Despite a 3.1% dip in sales, Sport Supply Group reported third quarter earnings rose 3.9% to $3.5 million, or 27 cents a share, from $3.4 million, or 25 cents per share, as the company tightened its cost controls. Net sales for the third quarter ended Mar
Nike, Inc. to Cut 5% of Workforce; 500 Affected in Beaverton
Nike, Inc. has issued a press release upon completion of its workforce review. As previously stated, Nike, Inc. began a global workforce review in February regarding the company's objectives to enhance its consumer focus, speed decision making and cr
FIFA/Kappa Licensee Establishes Offices in New York and L.A.
Total Apparel Group, Inc., which was recently selected as the official U.S. Master Distributor of FIFA and FIFA World Cup licensed product, has opened new locations in New York and Los Angeles. In an effort to manage the sales and marketing requirements f
Elk Foundation CEO Signs Contract Extension
Rocky Mountain Elk Foundation President and CEO David Allen will remain at the organization's helm at least through August 2014, following a new five-year contract extension from the RMEF board of directors. Allen has held the position since late 200
Cabela’s Holds Grand Opening for Billings Store
Cabela's is planning an 18-day celebration beginning Thursday, May 14, to open its new 80,000-square-foot superstore in Billings, Montana.The event features a lineup of giveaways and celebrity appearances…
Nordstrom Revenues Fall 9.2%; EPS Plummets Despite $12 M Benefit
Nordstrom, Inc. reported net earnings of $81 million, or 37 cents per diluted share, for the first quarter ended May 2, 2009. For the same quarter last year, Nordstrom reported net earnings of $119.0 million, or 54 cents per diluted share…
GoLite Promotes Team Members, Hires New Sales Agencies
GoLite has promoted three key team members: Andy Burgess, formerly VP of Product, is now SVP of Product, Sales and Marketing, creating a strong cohesive synergy between the different business units. Mark Flanagan, formerly European General Manager, is now
Bushnell to Acquire C’eb’e Eyewear Brand
MidOcean Partners, a middle market private equity firm, and Bushnell Outdoor Products said that Bushnell has acquired the C'eb'e eyewear brand from Marcolin S.p.A., which listed on the Milan Stock Exchange. The terms of the purchase agreement we
Sports Supply Sees Fiscal Q3 Profits Rise Despite Sales Dip
Sport Supply Group, Inc. reported that sales dipped 3.1% to $63.8 million in the third quarter ended March 31 from $65.8 million in the year-ago period. Gross margin contracted a bit to 35.4% of sales, down 120 basis points from the prior year period. Ea
RECALL: Dahon/REI Novara Folding Bicycles
About 11,500 Dahon and REI Novara folding bicycles have been recalled because the hinge on the handlepost can crack, posing a fall hazard. There have been 25 reports of the bicycle's handlepost hinge cracking, including one minor injury involving scr
SGMA: Lacrosse Participation Grows Over 100% Since 2000
According to the Sporting Goods Manufacturers Association’s (SGMA) 2009 Lacrosse Single Sport Report, lacrosse remains one of the 'hottest' sports to play in the U.S. Figures indicate lacrosse has grown by nearly 80,000 participants per year sin
Dorel Sees Rec/Leisure Division Q1 Profits Slide on Mass Declines
Dorel Industries Inc. revenues in its Recreational/Leisure division rose 14.9% to $161.4 million from $140.5 million in the year-ago period. Operating earnings declined 32.6% to $10.0 million from $14.8 million a year ago…
Cost Reductions Lift Q2 Profits for Johnson Outdoors
Johnson Outdoors Inc. said second-quarter sales fell 12.5% to $106.6 million compared to $121.8 million in the prior year period. Net income from continuing operations of $2.5 million, or 27 cents a share, marked a threefold-improvement over net income of
K-Swiss Posts Q1 Loss on Continued Sales Declines
K-Swiss Inc. posted a net loss was $1.1 million, or 3 cents per diluted share, for the first quarter ended March 31, compared with net earnings of $7.1 million, or 20 cents per diluted share, in the prior-year period. Total worldwide revenues decreased 24
