SGB Update Sports & Fitness
Crocs Settles Lawsuit with Australian Shoe Concern
Crocs and Australia Unlimited, maker of the NothinZ lightweight ergonomic clog, agreed to settle all outstanding litigation between the parties by filing for dismissal of all claims and counterclaims…
GE Capital Provides $50 Million Facility to Sportsman’s Warehouse
GE Capital, Corporate Finance has provided a $50 million plan of reorganization credit facility to Sportsman’s Warehouse, an outdoor sporting goods retailer…
Climbing Companies Push Boundaries
The climbing segment at Outdoor Retailer Summer Market 2009 saw new product releases along expected themes: lighter weight, increased durability, improved ergonomics, and reduced environmental footprint…
U.S. Bicycle Route System Gains Grants
Adventure Cycling Association received three new grants in support of the organization's work to establish an official United States Bicycle Route System (USBRS). The grants will enable Adventure Cycling to continue its organizing and cartographic wo
Stein-Mart Moves to Profit Despite Comps Slip
Stein-Mart, Inc. reported for the 13-week second quarter of 2009, the company's net earnings were $1.5 million, or 4 cents per share as compared to a net loss of $8.0 million, or 19 cents per share in 2008…
Zumiez Suffers Loss on 18.8% Comp Decline
Zumiez Inc. reported sales decreased 7.7% for the second quarter ended Aug. 1, to $85.2 million from $92.3 million a year ago. The action sports retailer lost $3.1 million, or 10 cents a share, in the period after a charge of $1.3 million, or 3 cents a sh
Hibbett’s Profits Plunge 77% in Q2
Hibbett Sports, Inc. reported second-quarter sales slid 5.5% to $123.1 million from $130.3 million a year ago. Comps were down 10.5%. Net income fell 77.1% to $1.1 million, or 4 cents a share, from $4.8 million, or 17 cents, a year ago…
U.S. Bicycle Route System Gains Grants
Adventure Cycling Association announced three new grants in support of the organization's work to establish an official United States Bicycle Route System (USBRS). The grants will enable Adventure Cycling to continue its organizing and cartographic w
Cutters Becomes Official Glove of United Football League
Cutters has signed on as the Official Gloves of the United Football League. In an exclusive agreement, Cutters will create customized gloves for each UFL team for both game and practice use…
RECALL: Felt Cyclocross Bikes
The U.S. Consumer Product Safety Commission, in cooperation with Felt Bicycles, has issued a voluntary recall of about 1,500 Felt F1X cyclocross bicycles from 2007/2008…
RECALL: Nirve Sports Bikes
Nirve Sports Ltd. is voluntarily recalling 120 Cannibal Bicycles due to problems with the bicycle's stems. Nirve has received reports of cracked stems…
Stage Stores Q2 Net Income Dips; Full Year Guidance Raised
Stage Stores, Inc.reported net income of $9.1 million, or 24 cents per diluted share, for the second quarter ended August 1, 2009, compared to net income of $9.7 million, or 25 cents per diluted share, for the prior year second quarter ended August 2, 200
Rise in National Park Visitation Helps Local Economies
America’s national parks are seeing more visitors in 2009 than a year earlier, according to visitation information collected by the National Park Service (NPS). National park units serve as primary economic generators in local communities across Ame
Studio Ray Licensed to Produce Swimwear Under Izod Brand
Phillips-Van Heusen Corporation has licensed Studio Ray, a New York-based sportswear firm, to design, produce and market men’s, women’s and children’s swimwear under PVH’s iconic IZOD brand in the United States and its possessions
TJX Reports Q2 Comps Up 4%; EPS up 27%
The TJX Companies, Inc. announced net sales for the second quarter ended August 1 increased 4.0% to $4.7 billion and consolidated comparable store sales increased 4.0% over last year’s strong gains…
