SGB Update Sportsmans

Adidas’ to Dedicate Massive DC in Spartanburg

Adidas is scheduled to hold the grand opening ceremony for a new 1.9 million-square-foot distribution center in Spartanburg, S.C. today at 11 am. Adidas could disclose that it plans to hire another 130 employees at the facility, which already employs 1,50

USACK Taps Joe Jacobi as New CEO

The USA Canoe/Kayak Board of Directors has appointed Joe Jacobi to serve as Chief Executive Officer of USA Canoe/Kayak, the National and Olympic governing body for competitive paddlesports in the United States…

Asics Seeks Injunction and Damages From Skechers USA

Asics America Corporation and ASICS Corporation Japan announced that they have filed a lawsuit in the U.S. District Court, Central District of California against Skechers USA, Inc. for trademark infringement, unfair competition, trademark dilution and fal

Citi Trends’ Comps Climb 9.6%

Citi Trends, Inc. reported total sales in the first quarter ended May 1, 2010 increased 26.8% to $181.4 million compared with $143.1 million in the first quarter ended May 2, 2009…

Gildan Boosts Guidance on Record Q2 Sales

For the second consecutive year Gildan Activewear Inc. has released record financial results for the company’s fiscal second quarter ended April 4 and upped its sales guidance in response to the positive changes in market conditions…

TAF Parent to Liquidate in Asset Sale

NexCen Brands Inc. said it agreed to sell its franchise businesses, which includes The Athlete's Foot and Shoebox New York, to an affiliate of private-equity firm Levine Leichtman Capital Partners for $112.5 million…

Saks Swings to a First-Quarter Profit

Saks Inc. reported net income of $18.8 million, or 11 cents per share, during the first quarter ended May 1, compared to a loss of $5.1 million, or 4 cents a share, a year earlier…

Outdoor MandA Market Heats Up Again

With the improving economy, the floodgates appear to have opened for mergers & acquisition deals. So far, Black Diamond, Gregory, Lendal, Cloudveil and Isis have all found new owners since the start of the year after Yakima was acquired at the close of 20

Fox Factory OEM Sales up 63% in First Quarter

Fox Factory Inc., also known as Fox Racing Shox, swung from a loss in the year-ago quarter to nearly $3 million in profits in the first quarter this year on strong growth in sales as OEM sales to the mountain biking and motorsports industries rebounded…