SGB Update Sports & Fitness
McDavid Files Patent Infringement Suit Against Nike
McDavid and Stirling Mouldings Limited has filed a patent infringement lawsuit against Nike. The lawsuit concerns foam padded shorts sold by Nike under the name, deflex…
adidas Signs 11-Year Deal with IAAF
adidas and the International Association of Athletics Federations have entered an 11-year partnership agreement granting adidas the world-wide sponsorship rights for all IAAF World Athletic Series events from 2009 until 2019. The partnership incorporates
CPSC: New Phthalates Limits Aren’t Retroactive
The Consumer Product Safety Commission (CPSC) has ruled that an impending ban on certain products containing phthalates will only affect those made after Feb. 10, 2009. The industry feared the Consumer Product Safety Improvement Act passed this fall wou
NSGA: Most Sporting Goods Retailers Improving Performance
Almost all specialty retailers improved key measures of profitability and productivity versus two years ago, according to data in the newly released NSGA Cost of Doing Business Survey…
PVH to Expand Timberland Apparel Doors in 2009
Philips-Van Heusen will continue to invest in its Timberland apparel business next year even as it halts expansion of its mall-based Calvin Klein stores to cut capital spending. The company affirmed its commitment to the Timberland brand even as it lower
Nike Increases Quarterly Dividend by 9%
Nike's board of directors has declared a regular quarterly cash dividend of 25 cents per share on the company’s outstanding Class A and Class B common Stock. On an annual basis, this is an indicated rate of $1.00. The 25 cents per share quarterly div
Holiday Gift Card Sales Expected to Decline
Shoppers’ price-conscious mentality is taking a toll on the season’s most-requested present: gift cards. The National Retail Federation's sixth annual Gift Card Survey found that gift card sales will fall nearly 6% this holiday season to $24.9 billio
Hibbett Raise Earnings Outlook on 8.1% Sales Increase
Hibbett Sports Inc. raised its earnings outlook for the fiscal year ended Jan. 31, 2009 saying its IT investments were helping it better manage inventory and boost comp store sales despite economic headwinds. The company said net sales rose 8.1% on a 0.4%
Foot Locker Reports Q3 Sales Slip 3.5%, Cuts FY EPS Outlook
Foot Locker, Inc. reported net income of $24 million, or 16 cents per share, for the third quarter ended Nov. 1, 2008, compared with net loss of $33 million, or 22 cents per share, last year. But the retailer lowered its guidance for fiscal 2008 below ana
TSL Snowshoes Adds to Sales Team
TSL Snowshoes, manufacturer and distributor of domestically produced snowshoes, has added the Shaw & Heald Sales group to their national sales rep team. The group headed up by Andy Shaw and Scott Heald will be responsible for the New England Territory…
Ogio Promotes Two to VP Positions
OGIO reports that it will promote Tom Gocke to VP/global golf and Nick Wright to VP/global ASI (ad specialty industry) due to one of its most successful sales spikes in its 20-year history…
Patagonia Opens First Store in Texas
Patagonia has opened its 25th retail store and its first location in Texas. The new 7,000-square-foot Patagonia store is located in a historic building that began life as the W.B. Smith dry goods store in 1884, four years before the state capitol down the
Trek Signs on as Title Sponsor of Triathlon Series
Trek Bicycle will be the title sponsor of a new triathlon series expected to draw 25,000 women participants in its first year. The new Trek Women's Triathlon Series is built around the sprint distance format (a 1/2-mile swim, 12-mile bike, and 3-mile
Head NV Has Solid Q3 in Winter Sports, But Other Division Woes Offset Gains
Head NV reported net revenues inched up 0.3% in the third quarter to €93.1 million ($116.8mm) thanks to an 11.1% gain in winter sports sales. When measured in constant currencies, sales rose 4.6% for the period. But the growth was not enough to offset dec
Mizuno First Half Sales Decline 2.5%
Mizuno reported sales of ¥84.75 billion ($799.2 mm) for the fiscal first half ending Sept. 30, down 2.5% from the year-ago first half mark of ¥86.91 billion ($729.1 mm). Operating income dropped 16.2% to ¥3.45 billion ($32.5 mm), while net income after ta
