SGB Update Sports & Fitness
Lone Pine Capital Accumulates 7.8% Stake in Under Armour
Lone Pine Capital and related funds has acquired a 7.8% stake (2,728,463 shares) in Under Armour Co., according to a 13G filing. Under Armour did not show a stake in UA for the quarter ended March 31, 2007…
Everlast to Be Acquired by Sports Direct Subsidiary
Everlast Worldwide Inc. has signed a definitive agreement to be acquired by Brands Holdings Limited, for $30.00 per share in cash, a 29.6% premium to its closing price on May 31, 2007, and a 47.2% premium to the average closing price over the last month.
Injinji Names VP of Sales and General Manager
Injinji Footwear, Inc. promoted Jan Kimbrell to VP of sales and general manager. Responsible for supervising all aspects of Injinji’s business development and key accounts, Kimbrell will work directly with the internal and outside sales force team to str
SIA Highlights Top Snow Sports States
According to SIA, more snow sports equipment sold in Texas than in 46 other states with $106 million in retail sales for the 2006/2007 season. California, Colorado, New York and New Jersey rounded out the top five states in total snow sports retail receip
World Kayak Looks to Double Whitewater Participation
Participation in whitewater kayaking will double in the next
five years if the newly established World Kayak organization is successful in meeting its ambitious goals. Officially launched June 15, World Kayak's initiative to grow the sport is based p
SmartWool Celebrates its Own Earth Day
The SmartWool corporate offices in Steamboat Springs as well as their product development office in Boulder will be closed for business this Thursday, June 21st to allow their employees the opportunity to participate in their very own SmartWool – Earth Da
B4BC Appoints Five New Board Members
Boarding For Breast Cancer appointed five new members to its board of directors to help guide and grow the organization. The new eight-member board includes some of the most influential names in the action sports industry including two B4BC co-founders an
Vail Resorts Sees Fiscal Q3 Revenues Grow 8.2%…
In a healthy wrap-up to its 2006/2007 ski season, Vail Resorts Inc.'s revenue grew 8.2% in its third quarter ended April 30, to $369.5 million. Net income advanced 14.9% to $78.5 million, or $1.99 per share, from $68.3 million, or $1.75, a year ago.
Grassroots Retailers Head to the Early Show
The Grassroots Outdoor Alliance kicked off its annual Early Show on June 11th. The Early Show is an invitation-only event for 30 vendors to meet with the 32 retailers in the Grassroots Outdoor Alliance. Each member is required to meet with each vendor all
Stein Mart Comps Climb 2.5% in May
Stein Mart, Inc. total sales for the month of May decreased 0.6% to $ 118.9 million compared to $ 119.6 million last year. Comparable store sales for the fiscal period ended June 2, 2007 increased 2.5%…
Target’s Comps Jump 5.8% in May
Target Corp reported that sales for the four weeks ended June 2 increased 10.1% to $4.33 billion from $3.93 billion a year ago. On this same basis, comparable-store sales increased 5.8 percent. In the 2006 May period, comps grew 5.7%…
Kohl’s Reports May Comp Hike of 10.5%
Kohl's Corp reported sales for the four-week period ended June 2, increased 18.5%, to $1.19 billion from $1 billion. On a comparable store basis, sales increased 10.5%…
Nautilus to Open New Outlet in OR
Nautilus is opening a new apparel and footwear factory outlet for cycling, running and fitness enthusiasts Friday, June 8 at the Woodburn Company Stores complex along Interstate 5 at Woodburn, OR. The 2,400-foot factory store is the twelfth such store ope
Mark Wilford Joins Metolius as Sales Rep
Metolius hired a new regional Sales Representative for the Midwest territory, Mark Wilford. Based in Fort Collins, Wilford joins Metolius with 19 years of outside sales experience in the Midwest and over 35 years of climbing experience. In his years of ex
Nike’s Latest Corporate Social Responsibility Report Sets New Benchmarks…
Nike released an updated version of its Corporate Social Responsibility report last week, and while many mainstream media outlets reduced its contents to a simple reduction in overtime, the company actually laid out a broad series of goals that will likel
