SGB Update Sportsmans

Meade Instruments Losses Widen on Missed Telescope Shipments

Meade Instruments Corp. reported its losses quadrupled to $800,000, or 65 cents per share on slightly lower sales in the first quarter ended May 31, as it missed shipments of new telescopes. The designer and manufacturer of consumer optical products, incl

Puma’s Earnings Expected to Decline in First Half

Puma lowered its earnings forecast for 2012 after profits in the first six months fell as a result of slowing sales in Europe. The company said that “despite continuous sales growth throughout the first half of 2012,” consolidated pre-tax and net earnings

Big Rock Sports Appoints Canadian Merchandising Chief

Big Rock Sports has hired Mark Harrison as director of merchandising for Canada. Harrison has spent his career with Canadian Tire Corporation, with the last six years in the Outdoor Recreation Category…

Adidas to Close Only China Factory

Adidas AG has decided to close its only apparel factory in China as part of its plan to reconsolidate its global resources. The factory in China's coastal city of Suzhou will be closed at the end of October, the company told Reuters…

LaCrosse Footwear Receives $29 Million Order for Marine Corps

LaCrosse Footwear, Inc. has received a new $29 million delivery order for the United States Marine Corps for Danner’s USMC Rugged All-Terrain (RAT) Hot weather and Temperate boots. The company anticipates fulfilling this order in multiple deliveries

Road Warrior Sports Offers Rep Discount on Sport Trailer

Road Warrior Sports, maker of a lightweight, aerodynamic sport trailer, announced today the creation of a new rep pricing program to offer outdoor and cycling industry sales reps a convenient, economical solution to transporting their gear.

Samsonite Agrees to Buy High Sierra for $110 Million

Samsonite International S.A. , the world's largest luggage maker, reached an agreement to acquire all the assets of High Sierra Sport Company for $110 million cash. In a filing to the Hong Kong bourse, Samsonite said the acquisition would help enlarg

Nike Taking Joe Paterno’s Name Off Child Care Center

Nike's Chief Executive Mark Parker said in a statement that Nike has decided to change the name of the Joe Paterno Child Development Center, a child care facility at the company's headquarters outside Portland…

OBIT: Marvin Traub

Marvin Traub, a longtime retail executive perhaps best known for his role as president and CEO at Bloomingdale's, died July 11 at his home here. He was 87…

Michael Vick To Launch Apparel Line

The Wall Street Journal reports that Philadelphia Eagles quarterback Michael Vick will launch an apparel line called “V-7.” It will be sold exclusively at Modell's Sporting Goods stores through the end of the year…

Lowa Establishes Demo Center at Joe Dodge Lodge

Lowa Boots has partnered with the Appalachian Mountain Club (AMC) to open a Demo Center at the Joe Dodge Lodge in Pinkham Notch, NH. Hikers will be able to enjoy a day in Lowa boots at no charge and asked to fill out a questionnaire at the end of their hi