SGB Update Sportsmans
Toray Buys 400 Acres in SC to Prepare for US Industrial Renaissance
Toray Industries, Inc. has purchased approximately 400 acres of land for its future business expansion in Spartanburg County, SC. The Japanese company said it made the investment because it expects the United States to regain its industrial competitivene
Outdoor Retailer Says Attendance Rose at Winter Show
Emerald Expositions announced that preliminary numbers indicate attendance at Outdoor Retailer Winter Market 2014 last month increased an estimated 7 percent compared with 2013. The number of store fronts represented at the show increased nearly…
Elite Mountain Climber Chad Kellogg Killed on Argentine Peak
Famed climber Chad Kellogg, 42, died in Argentina after a rockfall in Patagonia… Famed climber Chad Kellogg, 42, died in Argentina after a rockfall in Patagonia…
New Balance Buys More Land for Brighton Development
New Balance has purchased another two acres of property next to where it recently began building a $500 million complex in Brighton, according to The Boston Herald…
Gildan’s CEO Sets Share Disposition Plan
Gildan Activewear Inc. announced that Glenn J. Chamandy, president and CEO, has entered into a pre-arranged share disposition plan, under which he has authorized and directed a U.S. financial institution to sell up to 1 million of his common share…
Slide in TomTom’s Consumer Sales Slows by Half in 2013
TomTom reported the slide at its Consumer division, which powers Nike’s sports watches and launched its owned branded sports watches last year, slow by half in 2013…
MANU Reports Merchandise Sales Managed by Nike Declined in FQ2
Manchester United reported sales of its apparel and other licensed products declined 4.4 percent from October to November as it was trying soliciting bids from sporting goods companies to manage the business…
VF Outdoor and Action Sports Coalition Grows Double-Digits in Q4
VF Corp reported revenues for the Outdoor & Action Sports coalition increased 12 percent in the fourth quarter to $1.9 billion with balanced growth across the U.S. and international markets as well as in wholesale and direct-to-consumer channels. Revenues
Jos. A Bank Agrees to Pay 9.5 Times EBITDA for Eddie Bauer
Jos. A. Bank Clothiers Inc. signed a definitive agreement to acquire Eddie Bauer in a cash and stock deal that values the outdoor apparel and gear brand at $825 million, or approximately one times Eddie Bauer’s 2013E revenue and 9.5 times its estim
VF Corp.’s Growth Engines Humming in Q4
Led by double-digit growth at The North Face, Vans and Timberland, VF Corp. reported earnings rose 7.0 percent in the fourth quarter on an 8.5 percent sales gain…
Cabela’s Announces Plans for Three New Stores
Cabela’s Incorporated plans to open new stores in three new markets in 2015 and 2016 – Ammon, ID; Short Pump, VA; and Fort Oglethorpe, GA…
Jarden Outdoor Q4 Segment Earnings Fall on Flat Sales
Jarden Corp. reported earnings dropped 21.1 percent at its Outdoor Solutions segment on flat sales in the fourth quarter ended Dec. 31, 2013. The segment owns 26 sporting goods brands, including several in use by athletes competing in the Winter Olympics
Cabela’s Q4 Comps Slide on Weak Ammo Sales
Cabela's Inc. reported comparable-store sales fell 10.1 percent in the fourth quarter due to a “much sharper than expected decline in ammunition sales” and the overall weak holiday shopping season. Retail store revenues increased 7.3 percent to $711.
Hackers Force Retailers and Bankers to Partner on Cybersecurity
In the wake of continued theft of customer data, a coalition of trade associations representing the merchant and financial services industries announced a new cybersecurity partnership to explore paths to increased information sharing, better card securit
January Weather Hurt Retail Sales of Leisure Products
Advance estimates of U.S. retail sales released by the U.S. Census Bureau Thursday appear to confirm reports that harsh weather across much of the country suppressed retail sales in January. Census estimated sales by sporting goods, hobby, book and music
