SGB Update Sportsmans

Amer Sports Slashes Full Year Guidance

In an appropriate end to what has been an arduous year for Amer Sports, the company has slashed its profit outlook for fiscal 2008, citing waning sales in November and December. Weak fourth quarter sales for the Finnish sporting goods manufacturer prompte

A4 to Open Two New Warehouses

A4 will start shipping from two new distribution centers in January. The company, which is working in a joint venture with Frazier Sports, has opened centers in Waco, TX and Atlanta, GA…

Golf Companies Plan Staff Cuts

The golf market saw two companies plan staff cuts last week as industry giants Acushnet and TaylorMade-adidas Golf both reported intentions to lower headcounts…

ForeFront Group Unveils New Headquarters in Nashville

ForeFront Group, Inc., the supplier of golf accessories, opened its new corporate headquarters at the Creekside Crossing office complex, located at 12 Cadillac Drive, in Brentwood, Tenn. Featuring 11,500 sq. ft. of Class A office space, the new office wil

Summitt Golf Integrates Sales Force

Summit Golf Brands, parent company of Fairway & Greene, Ltd. and Zero Restriction Outerwear, has integrated its sales force, which the company says will create a powerful presence as the leading green grass brands in their categories…

Quiksilver Pulls Out of ASR

Quiksilver Inc. plans to pull most of its brands out of the Action Sports Retailer (ASR) show, according to a statement from ASR. Roxy, Quiksilver, Quiksilver For Women, Quiksilver Mens and Raisins will all not be at ASR, although DC Shoes will be exhibit

Spalding to Introduce Inaugural Balls

Spalding, along with the Harlem Globetrotters, this month are introducing four “Inaugural Balls,” or red, white and blue basketballs, in December in light of the upcoming inaugural proceedings for President-elect Barack Obama…

Quiksilver Revenues Up 3% for Q4, 11% for Year

Quiksilver, Inc. reported consolidated net revenues increased 3% in the fourth quarter ended Oct. 31, to $606.9 million compared to $587.3 million in the fourth quarter of fiscal 2007. The company lost $13.8 million from continuing operations versus incom

Reports: Acushnet Seeks to Cut U.S. Workforce

Acushnet Co., has offered buyout packages to 125 workers, or about 4% of its U.S. staff, reports Massachusetts' South Coast Today. Citing the lagging economy and sharply declining sales, representatives Acushnet told the Today that these “voluntary s

PIA Names Canoe Kentucky Founder as CEO

Canoe Kentucky founder and co-owner Ed Councill has been named as CEO of the Paddlesports Industry Association (PIA) — a trade group representing canoe, kayak and raft manufacturers, retailers, outfitters and instructor programs across the US. Councill r

Riddell Helmet Lawsuit Sparks Heated Schutt Response

Riddell, Inc. last week filed a lawsuit against Schutt Sports, Inc, claiming Schutt has infringed on three different patents arising from Riddell’s helmet and faceguard technologies. The suit, which demands a jury trial, was filed Dec. 10, 2008 in the U.

Gildan Sees Taxes Put Damper on Strong Q3

Gildan Activewear reported net sales jumped more than 20% for the fourth quarter fiscal 2008, but net income fell by just as much due to a one-time tax assessment because of the company’s restructuring of its international wholesale business and the relat

PacSun Responds to Adrenalina’s Requests

Pacific Sunwear of California, Inc. responded to the press release and latest correspondence received from Adrenalina regarding a proposed merger. In a letter to Adrenalina's management, the surf-inspired retailer asserted that it planned to stick wi