SGB Update Sportsmans

Under Armour Takes Hit on Sports Authority Bankruptcy

Under Armour Inc. said it was revising its previously issued outlook for the full year and second quarter of 2016 following recent developments related to the bankruptcy of The Sports Authority. The company will take a $23 million impairment charge.

American Hiking Society Advocates Urban Trail Systems

American Hiking Society released a report advocating creation of trails as a way to address the many health issues facing the American public due to physical inactivity during a media event on Capitol Hill Sunday.

STI International Hires Sales Manager

STI International, an employee-owned company based out of Georgetown, TX, which manufactures 1911 & 2011 style firearms, hired Brogan Miller as its Sales Manager.

Liquidators Prevail at Sports Authority Auction

Liquidators won the right to conduct going-out-of-business sales at Sports Authority stores in the absence of acceptable offers from investors interested in operating the bankrupt retail chain a going concern.

Sig Sauer Hires VP and GM of Airgun Division

Sig Sauer, Inc., designer and manufacturer of firearms, optics, ammunition, airguns and accessories, hired Joseph Huston as the company’s vice president and general manager of the airgun division.

Leisure Stores Post Strong Year-over-Year Growth

Sales at sporting goods, hobby, books and music stores rose a hefty 4.2 percent on a seasonally adjusted basis in April compared with April 2015 according to advance estimated released by the U.S. Census Bureau.

SDSI Accepting Applications to Accelerator Program

San Diego Sport Innovators (SDSI), the non-profit business development organization for the Sports and Active Lifestyle (SAL) industry, is accepting applications to its business accelerator program.