SGB Update Sportsmans
Schutt Sports Acquires Adams USA’s Football Helmet/Faceguard Assets
Schutt Sports, which recently emerged from a brief Chapter 11 bankruptcy, has acquired certain football helmet and faceguard assets from Adams USA. The deal will give Schutt a much larger presence in the youth market, while freeing Adams to pursue its oth
Hi-Tec Sports Opens New Portland Headquarters
Hi-Tec Sports made a $10,000 donation to Portland's Friends of Trees at the grand opening of its new North American Headquarters in Portland, OR. The event held June 16 drew Portland Mayor Sam Adams, officials from the offices of Sen. Ron Wyden, D-OR
Rubin to Buy GSI Commerce’s Licensed Sports Business Back from eBay
As part of a settlement with GSI Commerce shareholders, EBay Inc is selling GSIC's licensed sports merchandise business back to GSIC Founder and CEO Michael Rubin, according to a report in the Wall Street Journal…
SandP Lowers Outlook On Collective Brands
Standard & Poor's Ratings Services lowered its outlook on Collective Brands Inc. (PSS) to stable from positive. The rating agency said high unemployment and rising product costs weighed on the footwear retailer's performance…
Bakers Q1 Loss Narrows
Bakers Footwear Group, Inc. reported sales in the first quarter were $47.0 million, an increase of 8.0 percent, from $43.5 million in the first quarter of fiscal 2010. Comparable store sales increased 9.3 percent compared to a decline of 1.6 percent in th
Performance Bicycle Taps Pruitt to Fill CEO Post
Performance Inc., the parent company for the Performance Bicycle retail chain, has named long time executive David Pruitt as its new CEO…
Surftech Names New CEO
Surf Technicians, LLC, the maker of surf and stand-up paddle boards, announced that Huntley Dornan has been appointed as the company's new president and CEO. Most recently Huntley served as Vice President and General Manager of Emerging Brands at Qui
CPSC Opens New Test Lab in Maryland
The U.S. Consumer Product Safety Commission (CPSC) held the grand opening Monday for its new state-of-the-art scientific testing facility in Rockville, MD. The new 63,000-square-foot office and lab space will house 75 scientists and gear needed to test a
VF Corp. to Acquire The Timberland Co. in $2B Deal
VF Corporation and The Timberland Company today jointly announced that they have signed a definitive merger agreement. VF will pay Timberland shareholders $43 per share, representing a total enterprise value of approximately $2 billion net of cash acquire
Fireman Capital Partners Invests in Newton Running
Paul Fireman, the Founding CEO of Reebok International, and his company Fireman Capital Partners, returned to the business of high performance athletic shoes with a “significant investment” in Newton Running Co., a manufacturer of natural running footwear
FFANY, Investor Conferences Provide Forward Look at Product, Margins and Strategy
Minimalism. During a week of sweltering temperatures that made New York City feel more like the Deep South rather than the Northeast, that one word — minimalism — was uttered more frequently by more brands to describe direction for Spring 2012 than any on
Lids Sports Group Acquires Buckeye Corner Stores
Lids Sports Group has acquired Buckeye Corner stores, which operates in the Columbus, OH area. The acquisition is made up of four store locations, an e-commerce website, and a catalog business. Terms of the deal were not disclosed…
Golf DMD Sales Approaching $170 Million
Golf Datatech, LLC released a study finding that the size of the market for Distance Measuring Devices (DMD) is approaching the on-off course putter market in total sales, and may reach as high as $170 million in annual sales across all retail channels in
VF Corp. Sees Innovation Offsetting Margin Pressure in Outdoor and Action Sports
VF Corp. is bracing for big price increases at its denim business, which contributes about 30 percent of its sales globally, according to comments by VF President and CEO Eric Wiseman at the Piper Jaffray conference…
TPP Concerns Voiced
A bipartisan group of 52 Congressmen urged the Obama Administration to proceed cautiously in negotiations over the Trans-Pacific Partnership lest it trigger another wholesale shift of textile jobs from the Western Hemisphere to China via Vietnam…
