SGB Update Sportsmans

REI Says Expansion, Warm Winter Stunted 2011 Profits

REI (Recreational Equipment, Inc.) reported flat net income of $30.2 million in 2011 on net sales to $1.8 billion, up 8.4 percent from 2010 as investments in the business and warm weather in the winter ate into profit margins during the critical holiday s

Outdoor Retailer Introduces New Marketing Team

Outdoor Retailer officially announced members of its new marketing team, which it hired just before its winter show in January. Member of the team, seen here posing with Man vs. Wild star Bear Grllys, are…

Bicycles Drive Profits at Dorel Industries in 2011

The success of Cannondale’s latest innovations helped propel Cycling Sports Group (CSG) to 25 percent sales growth in 2011, despite a decline in fourth quarter sales caused largely by the decision to ship new models a quarter earlier than last year,

Kokatat Hires Horsnell as Midwest Rep

Kokatat hired John Horsnell to join its sales team serving the Midwest territory including Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, North Dakota, Nebraska, Ohio, South Dakota, and Wisconsin…

Nikwax NA Names Michael Down 2011 Rep of the Year

Nikwax North America has dedicated another ROY (Rep of the Year) award inductee into their hall of fame, naming Michael Down of Mystery Mountain Enterprises as the top dog for 2011…

Zumiez’s Q4 Profits Climb 25 Percent

Zumiez Inc. reported net income in the fourth quarter of fiscal 2011 increased 24.9 percent to $18.7 million, or 60 cents per share, from $15.0 million, or 49 cents, in the fourth quarter of the prior fiscal year. Total sales increased 17.7 percent to $18

Adams Golf Sees 12 Percent Revenue Gain in 2011

Adams Golf reported record net sales of $96.5 million for the year ended Dec. 31, 2011, as compared to $86.2 million for the year ended Dec. 31, 2010, an increase of 12 percent year-over-year. The company realized a net profit of $14.5 million, or $1.79 p

Skechers Launches Japan Subsidiary

Skechers USA, Inc. announced that the company is transitioning its business in Japan from a third-party distributor to the new wholly owned subsidiary, Skechers Japan, G.K. Footwear veteran Hirokazu Iwasaki (formerly with Nike, Adidas and Puma) will head

Report: Andrew Luck Close to Signing with Nike

Andrew Luck, former Stanford University star and expected No. 1 NFL draft pick, is close to signing a multi-year endorsement contract with Nike, according to the SportsBusiness Journal…

The North Face Accepting Explore Fund Grant Applications

The North Face opened the first cycle of the 2012 Explore Fund grant-giving program, which will provide $125,000 in micro-grants to support non-profit organizations that are getting youth outdoors. To date, The North Face has provided $650,000 in grants t

Gill Athletics Names Scholarship Recipient

Jemel Balkman has been awarded a scholarship from Gill Athletics for the USATF Level I Coaches Education School to be held at Villanova University from March 16-18th…

Louisville Slugger Inks Apparel Licensing Agreement

Louisville Slugger has signed a multiyear performance apparel licensing agreement with Xone Sport, LLC (pronounced Zone). The agreement was announced today by IMG Licensing, the exclusive licensing agency for Hillerich & Bradsby Co., parent company of the