SGB Update Sportsmans
Nike Q4 Profit Rises 14 Percent, Exceeds Expectations
Nike Inc. reported fourth-quarter revenues jumped 14 percent to $5.8 billion and would have been up 11 percent excluding currency changes. Earnings rose 13.9 percent to $594 million, or $1.24 a share. Futures orders for Nike Brand products were up 15 perc
Roller Skating Industry Launches National Campaign
The roller skating industry has started a national marketing effort – Make a Skatement – that industry leaders hope will increase skate sales and the number of young people participating throughout the country. Ron Creten, an industry veteran of 35 years.
Gildan To Co-Sponsor Football Bowl
Gildan and ESPN announced a multi-year title sponsorship that will begin with the 2011 Gildan New Mexico Bowl…
Bass Pro Plans First Store in New Jersey
Bass Pro has signed a lease to open a 200,000-square-foot store in Sayreville, NJ. The planned location will be the company's largest in the Northeast and second biggest overall…
Garmin Agrees to Acquire Germany’s Navigon AG
Garmin Ltd. has agreed to acquire Navigon AG, a German company that has a seven percent share in portable navigations devices (PND) and top selling navigation apps for the iPhone and Android platforms in Europe. The deal comes as many wonder whether smart
Best Buy Invests in Mobile Fitness Earbud Tech Firm
Valencell, Inc., a Raleigh-NC based mobile health and fitness technology company, said it has received $5.5 million in Series B venture investment. The round was led by Best Buy Capital, the investment group of Best Buy Co., Inc., with participation from
Travel Spending Lagged GDP Growth in First Quarter
Real spending on travel and tourism lagged overall GDP growth in the first quarter, growing at an annual rate of 0.6 percent, following an increase of 2.6 percent (revised) in the fourth quarter of 2010. The slowdown reflected a downturn in both domestic
Dane Reynolds Joins the Vans Surf Team
Vans has added Dane Reynolds to the Vans Surf Team. The 26 year-old from Ventura, CA has made his mark on the ASP World Tour with Top Ten final rankings in both 2009 (10th) and 2010 (4th) – just his second and third years on tour, but Dane is much more th
Salzano Named President of Clarks North America
Jim Salzano has been appointed president of Clarks North America. He has been in the role on an interim basis since Bob Infantino stepped down in January…
Modell’s to Support Veteran’s Trek
Modell's will be part of a group of New York retailers to support an War veteran's question to walk across the country to raise money for military families…
Respect Your Universe Raises $2.9MM in Equity Financing
Respect Your Universe, the MMA apparel brand, has raised $2.97 million in equity financing. For the investment, RYU issued 4.96 million shares of restricted common stock and two year warrants to purchase another 4.96 million shares of restricted common st
Turfer Athletic Partners with Tim Thomas Hockey Camps
Turfer Athletic has signed on as the official provider of Tim Thomas Hockey Camps…
Congressional Women’s Softball Game Gains Industry Support
Four member companies of SGMA are supporting the Congressional Women's (Slow-Pitch) Softball Game with in-kind softball product donations. Mizuno has provided the jerseys; Diamond Sports has donated equipment bags; the catching gear has been suppli
Dick’s SG Board Member Resigns
David I. Fuente, former chairman and CEO of Office Depot, has resigned from the board of Dick's Sporting Goods, Inc., according to an SEC filing. Dick's SG said Fuente resigned to “pursue other interests.”…
Dick’s Sporting Goods Sees Academy Competition Less Formidable Outside Texas
Speaking at William Blair & Co.'s Growth Stock Conference last week, Dick's Sporting Goods Chairman and CEO Ed Stack said that Academy Sports may become a tougher competitor following its acquisition by KKR…
