SGB Update Sports & Fitness
The SportsOneSource Debate: The Election…
Turns out our industry is about as divided as the rest of the country around which Presidential candidate is best qualified to steward our country. Late last week, SportsOneSource queried subscribers asking how the election of John McCain or Barack Obama
Bush Signs Bill Encouraging Bike Commuting
Employers may begin reimbursing employees tax-free for bike commuting costs starting Jan. 1, 2009 under a bill signed by President Bush Oct. 3. After seven years of legislative proposals, the bicycle commuter tax benefit has finally become law. The benefi
TJX’s Comps Slide 1%, Lowers Guidance
The TJX Cos., Inc. reported sales rose 3% in the five weeks ended October 4, to $1.78 billion. Comps decreased 1%. The company is lowering its guidance for third quarter earnings per share from continuing operations to the range of 55 cents to 58 cents pr
Grenade Gloves Hires New Sales Manager
Grenade Gloves hired Marty Carrigan as West regional sales manager. Carrigan comes to the company with an extensive background in equipment, apparel and accessories for the action sports industry, with a heavy emphasis on winter sports. He earned a degree
Tender Corp. Secures Private Equity
Tender Corp., a major provider of insect repellents and other health products to outdoor retailers, said it secured a major investment from private equity firm Prospect Partners, LLC, of Chicago, Ill. Terms were not disclosed…
Brunswick Accelerates Job Cuts, Plant Closures
Brunswick Corp. plans to accelerate its previously announced efforts to resize the company and to remove $300 million in fixed costs by the end of 2009. The company is taking the action in light of “extraordinary developments within the global financial m
RECALL: Outdoor Playset Gliders
The CPSC has recalled about 500 outdoor playset gliders made by Backyard Play Systems. Some of the gliders were shipped with assembly instructions that did not inform consumers to tighten all lock nuts during assembly, including those attached by the manu
Coleman Names New Sales VP
The Coleman Company Inc. has named Michael Bach VP of sales with responsibility for leading the field sales team and the food/drug and home channels. His team will focus on key accounts within mass, sporting goods and other specialty channels and expand t
OIA Rendezvous a Reflection of Changing Season
Change is certainly ahead for the outdoor industry and the rest of America if the prognostications made by the speakers recruited to address the 300 in attendance actually materialize. From explorer and filmmaker Jon Bowermaster talking about the warming
Amer Sued by Avocet; Acquires Assets of Bulgarian Subcontractor
Avocet Sports Technology, based in Menlo Park, CA, has filed a lawsuit against Amer Sports and its subsidiary, Suunto USA, for infringing on three patents for altimeter devices. The suit seeks monetary damages in excess of $20 million. ..
Wolverine Worldwide Tempers Sales Forecast, Raises EPS Guidance
Wolverine World Wide, Inc. had a good third quarter as low-single-digit sales growth was outpaced by stronger net income gains and the company’s Outdoor Group once again the shining star. It was the company’s 25th consecutive quarter of record sales and e
ASA to Move Sportfishing Summit to Denver
Because of complications stemming from Hurricane Ike, the American Sportfishing Association has moved the 2008 Sportfishing Summit to Denver, CO. The Sportfishing Summit, originally scheduled to be held in Galveston, TX will now take place at Denver’s Br
SGMA: Niche Sports Showing Strongest Growth, Team Sports Play Peaks at 13
According to SGMA's annual participation study on team sports, U.S. Trends in Team Sports, niche team sports like lacrosse, paintball and cheerleading are exhibiting the strongest growth patterns while traditional team sports like basketball, basebal
Schutt Sports, Brain Pad Partner with New Mouth Guards
Schutt Sports will soon release the Brain Pad line of mouth guards, featuring patented technology with a dual-protection system that surrounds both the upper and lower teeth. This system keeps the lower jaw locked into a position, decreasing the likelihoo
SEC Files Complaints of Insider Trading for Dick’s, Galyan’s Deal
The Securities and Exchange Commission (SEC) filed two complaints on Sept. 30 in the U.S. District Court for the western district of Pennsylvania against a total of 16 individuals for insider trading in advance of Dick's Sporting Goods Inc.'s Ju
