SGB Update Sports & Fitness
Brunswick Takes Up to $135M Accounting Charge
Brunswick Corp. said an accounting error will result a charge against earnings of up to $135 million this year. The Lake Forest, IL-based company said that financial filings for the first nine months of 2008 should “no longer be relied on” because the com
Nautilus to Expand Facilities in Virginia
Nautilus, Inc. plans to invest $1.7 million to expand in Grayson County in Virginia. The move expands its manufacturing operation to add a cardio exercise equipment line, and will create 60 jobs, according to a statement from the office of governor of Vir
Winchester Introduces Lead-Free Ammo Line
Winchester has a introduced a lead-free ammunition line, which includes the E-Tip, a lead-free bullet that is one of the newest products developed for big-game hunters and complies with current state non-toxic regulations…
Nat’l Wild Turkey Federation Revamps Communication Team
National Wild Turkey Federation CEO George Thornton announced Thursday that the Federation's communications team would be headed by two director positions…
FansEdge.com Sets On-line Record
Dreams, Inc., led by FansEdge.com, said it surpassed its all-time record amount of orders and order value received on-line in a single day. The previous single day's record was 13,233 orders received with a value of $890,000 set on Dec. 12, 2007. Th
Forzani’s Q3 Net Income Tumbles 33%
Forzani Group Ltd's third quarter profit fell 33% to C$8.4 million ($6.77 million), or C28 cents a share, in the three months ended Nov. 2, from C$12.6 million ($10 million), or C36 cents a share, for the same time last year. Revenue rose 8.8% to C$3
Schutt Responds to Patent Infringement Allegations
"One has to question why an Illinois corporation, residing in California, and reconditioning in Mexico, would file a patent lawsuit in Madison, Wisconsin," says Robert Erb, President and CEO of Schutt Sports, Inc., in response to a patent infrin
Season Pass Sales Soar, Bookings Dive at Vail Resorts
Vail Resorts, Inc said last week that its season pass sales were up 29% from the same time last year, but that advance bookings at its mountain resorts were off 23%. The company said that if bookings don’t improve it will have to lower its guidance for th
Final Rule Announced Regarding Guns in Nat’l Parks
Assistant Secretary of the Interior for Fish and Wildlife and Parks Lyle Laverty said the Department of the Interior has finalized updated regulations governing the possession of firearms in national parks and wildlife refuges…
Kohl’s Acquires 31 Mervyns Locations
Kohl’s Corporation prevailed in a joint bid with Forever 21, Inc. in an auction of leaseholds held yesterday for Mervyns sites. Together, the retailers acquired 46 locations for approximately $6.25 million. Kohl’s will assume 31 of the locations while For
Marc Ecko Looking to Buy MMA Properties
According to iguillotine.com, Marc Ecko Enterprises is the leading bidder for ProElite, Inc., which produces MMA shows and owns the EliteXC MMA brand. The article claims MEE hopes to inherit ProElite’s television contracts with both CBS and Showtime…
Gander Mountain Swings to Third Quarter Profit
Gander Mountain Company reported sales of $269.9 million for the quarter ended Nov. 1, 2008, an increase of 4% over the prior year period. Comparable store sales decreased 6.5%. Net income for the third quarter was $770,000, or 3 cents per share, compared
Burton Relocates Brands to Vermont
Burton has begun transitioning The Program, which includes snowboard brands Forum, Special Blend and Foursquare, from its Irvine, CA offices to Burton’s Vermont headquarters. The company said the transition will be complete by early February and will allo
First Shoebox Opened in Asia
NexCen Brands, Inc. opened its first international Shoebox New York store in Hanoi, Vietnam. The store held its grand opening on November 28th with a traditional ribbon cutting ceremony. In the first three days following the opening, Shoebox New York sold
Wal-Mart U.S. Sales Rise 6.5% in November
Sales rose 6.5% and 1.4% at U.S. Wal-Mart and Sam’s Club stores for the four weeks ended Nov. 28, 2008, on comp store gains (excluding fuel) of 3.4% and 3.5% respectively. However, a stronger dollar caused the discounter’s international sales to decline 1
