SGB Update Sports & Fitness

Wade Moves to Brand Jordan

Nike, Inc. has announced that Miami Heat guard Dwyane Wade has changed sponsors, making the switch from Converse to Nike’s Jordan Brand, effectively ending what had become a soured relationship between the NBA scoring champ and the NKE subsidiary…

Dept. of Education Awards $78 Million in PEP Grants…

The Department of Education announced the recipients of $78 million in Carol M. White Physical Education Program (PEP) grants. New PEP grants totaling $26.5 million will be distributed to more than 140 school districts and community based organizations ac

Riddell Inc. to Face Jury Trial in Heat Stroke Case

A federal judge in Ohio last Monday concluded that Riddell Inc. had a duty to warn former Minnesota Vikings offensive lineman Korey Stringer that its helmets and shoulder pads could contribute to heat stroke when used in hot conditions. Stringer died nea

Potential CIT Bankruptcy Could Rattle Retail

CIT Group Inc., a significant lender to small and medium-size businesses in the retail industry, could be forced into bankruptcy proceedings barring a last-minute deal to renegotiate its sizeable debt load. A bankruptcy threatens to disrupt the flow of m

Rossi USA Joins Whitetails Unlimited Program as Title Sponsor

Rossi USA has signed on as the Title Sponsor to Whitetails Unlimited’s Kids on Target program. The popular program was introduced as a pilot program in 2008, with a focus on encouraging our nation’s youth to get off the couch, enjoy the great outdoors, an

Victoria’s Secret Expands PINK Collegiate Collection

Victoria's Secret's PINK Collegiate Collection has been expanded to more than 50 colleges and universities. VS PINK launched its co-branded Collegiate Collection in July 2008, which features VS PINK's brand iconography and the names and log

Callaway Golf Lowers Guidance for the Year

Callaway Golf Co. said its preliminary financial results show its second-quarter per share profit fell sharply on weaker sales, prompting the company to lower its guidance for the rest of the year…

Play It Again Sports Parent Posts Profit Gain

Winmark Corp., the parent of Play It Again Sports, reported net income increased 28.1% in the second quarter to $1.2 million, or 22 cents a share, from $930,500, or 17 cents, a year ago. Sales were virtually flat at $8.8 million versus $8.7 million a year

Former Nautica Founder Partners with Jack Nicklaus

The Nicklaus Companies and David Chu Management Group (DCMG) have have established a strategic partnership to develop and evolve the Nicklaus Brands in the lifestyle category. Chu first rose to prominence in the eighties with the success of his lifestyle

Amazon.com Launches Outdoor Recreation Store

Amazon.com launched its new Outdoor Recreation Store focusing on outdoor gear and apparel. Amazon.com's growing selection of merchandise is complemented by offerings available from leading outdoor merchants, including Altrec, Backcountry and Mountain