SGB Update Sports & Fitness
Fox Racing Shox Hires Patent Attorney
Fox Factory, Inc. has hired a high-powered patent attorney, inventor and former mountain biking and motocross enthusiast as its general counsel. David Haugen, who will also carry the title “chief patent attorney,” will focus on ensuring that Fox's i
Outdoor Industry Association Forms PAC
The Outdoor Industry Association (OIA) board of directors has approved the formation of the OIA Political Action Committee. The new political action committee, known as OIAPAC, will support candidates seeking election to Congress or the presidency…
MLS Partners With GSI Commerce
GSI Commerce Inc. has become the new, full-service e-commerce solution provider for Major League Soccer (MLS) recently re-launching the league's Web store at http://www.mlsgear.com. With the addition of MLS, GSI provides e-commerce solutions for near
Shimano Inc. Acquires Pearl Izumi from Nautilus…
Pearl Izumi has a new owner, and it seems to be a better fit this time around. Shimano Inc., the Japanese cycling and fishing gear maker, reached an agreement to buy Pearl Izumi for $69.5 million in cash. Nautilus had put the cycling and running brand on
As Crocs Goes Global, Investors Fret over Rising Inventory and Headcount…
Crocs, Inc. nearly doubled its sales in the fourth quarter, capping a year in which it went from a U.S. to an international phenomenon. But the company's inventory and accounts receivable grew even faster and headcount swelled by 83%, prompting inve
Bob’s Sees Return to Profitability in Q4 Ex Charges…
Excluding an impairment charge, Bob's Stores posted a $3 million operating profit for the fourth quarter versus a loss in the prior-year quarter. Sales advanced 6.7% to $96 million from $90 million. Comps climbed 10%. With the after-tax charge of $5
Cascade Designs Hires European Sales Manager
Cascade Designs, Ltd., announced that Annette Jansen has joined the company as European Regional Sales Manager. Jansen will take responsibility for specific regions within the European sales team and help support the rapidly growing sales of Therm-a-Rest,
Weyco Group Q4 Profits Up Slightly
Weyco Group Inc. reported slightly higher profits for the fourth quarter, despite flat retail sales and declining U.S. sales of the key Florsheim brand. Net income increased 1% to $7.8 million, or 66 cents per share, compared with $7.7 million, or 64 cen
180s Inks International Distribution Partnerships
180s announced a number of new distribution partnerships in Canada, Western Europe and Japan. Coming off a solid showing at the ISPO show in Munich, Germany, 180s announced two new partners Cizen for Japan, Italy, France and Germany; and Dogree Fashions i
Iconix Profits Doubled in Q4 on 76% Revenue Gain
Licensing revenues more than doubled at Iconix Brand Group Inc. in the fourth quarter and nearly doubled for the full year, the brand management company said. The company, which owns, licenses and markets the Ocean Pacific, Danskin, Roca Wear and Starter
Teva Will Be Title Sponsor for Mountain Games
Teva has signed a five-year agreement to be the title sponsor for Mountain Games taking place in Vail, Colo. this summer. The seventh annual Teva Mountain Games will take place from June 5–8. The event is expected to draw 2,500 athletes to compete for $10
Modell’s to Open in Cinnaminson
Modell’s Sporting Goods has signed a lease for 18,000 square feet of retail space at the Marketplace at Cinnaminson in New Jersey. Located at 2501 Route 130 S., the Marketplace at Cinnaminson is anchored by Wal-Mart and Sam’s Club, and has a tenant roster
Foot Locker Hikes Dividend by 20%
Foot Locker, Inc. declared a quarterly dividend of 15 cents a share, paybable May 2 to shareholders of record as of April 18. This dividend represents a 20 percent increase over the company's previous quarterly per share amount and is equivalent to a
K2 Acquisition Turbocharges Jarden’s Profitability…
Jarden Corp. delivered record revenue and cash flow in 2007, although accounting for its August acquisition of K2 required it to report a big drop in earnings for the fourth quarter and the year. The company reported a net loss of $11.2 million in Q4, co
Safilo Group Moves Carrera Under Level USA…
Italian sunglass and ski goggle maker Carrera is returning to its roots in specialty retail after flirting with big box distribution strategies, according to Charlie Adams, sales manager for Level USA, which on January 1 took over U.S. distribution of Car
