SGB Update Sportsmans
Foot Locker Taps Penney’s Hicks to Replace Serra as CEO
Foot Locker, Inc.'s Board of Directors has elected Ken C. Hicks as its president and CEO, effective Aug. 17, 2009. The chief merchant for J.C. Penney will also be elected a member of Foot Locker's Board as of that date. Hicks will succeed Matthe
Belk Inc. President to Take Year-Long Sabbatical
Belk Inc.'s president and chief merchandising officer McKay Belk will take a year long sabbatical to devote more time to ministry-related activites, according to a release issued by the Charlotte-based retailer…
TYR Responds to Revised FINA Ruling, Demands Test Results
Based upon the declaration issued by FINA on June 22, TYR said it is content with the inclusion of 37 swimsuits on the official “FINA 2009 Revised List of Approved Swimsuits.” However, the company said that despite this inclusion, it remains unsatisfied w
Finish Line Posts Small Q1 Loss on 7.2% Sales Slide
The Finish Line Inc. said sales decreased 7.2% in the first quarter ended May 30 to $267.2 million from $287.9 million a year ago. Comps at the Finish Line chain slid 3.9%. The loss from continuing operations of $608,000, or 1 cent a share, compared with
ANTA Partners with Partner of Chinese Olympic Committee
ANTA Sports Products Limited was appointed the “2009-2012 Sportswear Partner of Chinese Olympic Committee” and the “2009-2012 Official Partner of China Sports Delegation.”…
SRAM Appoints Cycling Fund Director
SRAM appointed Andy Neufeld as its Cycling Fund director. Neufeld is currently the chief strategy officer for the Active Transportation Alliance, (formerly Chicagoland Bicycle Federation), having served as executive director from 1987 through 2005…
I/O Bio Merino Names Director of Sales, Marketing
I/O Bio Merino, the upstart merino clothing company based in Boise, ID, signed Tim Kelley as director of sales and marketing. Kelley, known for his successful growth of the Dynafit brand, will step into the new position on July 1…
Aetrex Names Director of Sales, Retail Chains
Aetrex Worldwide announced that Tony Baldwin has joined the company as director of sales for retail chains. Baldwin was previously the National Sales Manager for ECCO USA, Inc., responsible for sales, distribution and marketing for 13 southern states, the
The Finish Line Exits Man Alive; Posts Q1 Comp Decline
The Finish Line, Inc. will exit its unprofitable Man Alive business and has entered into a definitive agreement with Man Alive Acquisition, LLC (“MA”) an entity controlled by Jimmy Khezrie, the owner and operator of Jimmy Jazz stores. In other news, The
First Quarter Results Mostly Weak for Vendors
Industry vendors last year at this time were still feeling pretty good after posting fairly solid results for the first quarter, but many were already starting to ponder the effects of increased costs out of Asia cutting into margins in the back half of t
Pacific Cycle Increases Bid to Acquire Iron Horse Bicycle
Pacific Cycle increased its bid to buy Iron Horse Bicycle Co. — which is reorganizing in bankruptcy proceedings — to $2.7 million. With another bid already in from Outdoor Cycle Group, an auction to entertain all bids for the bicycle manufacturer is now
Accell Group Expands in Finland with Hellberg Acquisition
Accell Group N.V., which consists of bicycle brands such as Batavus, Ghost, Hercules, Sparta and more, has reached an agreement to acquire all shares in Raul Hellberg Oy and affiliated companies…
Amer Sports 2009 Outlook Clouded
Amer Sports stated that their full-year outlook is “clouded by the uncertainty in consumer demand in general.” The company said that pre-season orders in winter sports equipment for fall/winter are roughly flat to last year's level, a result that re
Unemployment Numbers Decline
The total number of people receiving unemployment insurance dropped for the first time since early January, according to a report released by the U.S. Labor Department on Thursday. The Labor Department said that it saw the largest drop in unemployment ins
Jay Berlin Becomes CEO of The Sportsman’s Guide
Redcats USA appointed Jay Berlin as CEO of The Sportsman's Guide. He replaces Greg Binkley, who recently retired. Berlin's 25-year career encompasses several key positions, including: marketing management roles with Fingerhut and C.O.M.B. Corpor
