SGB Update Sportsmans
Backwoods Parent Faces Possible Nasdaq Delisting
Nitches, Inc., the parent of Backwoods, announced that it received a letter dated December 17 from Nasdaq notifying the company that it is not in compliance with Nasdaq Marketplace Rule 4310(c)(14) because the Company did not file its annual report on For
Adrenalina Continues to Stalk PacSun
Tiny action sports retailer Adrenalina last week revealed that it withdrew its $5-per-share offer to buy Pacific Sunwear of California due to the steep decline in prices of PacSun's shares. But it now plans to take a buyout offer directly to sharehol
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
Nat’l Wild Turkey Federation Revamps Communication Team
National Wild Turkey Federation CEO George Thornton announced Thursday that the Federation's communications team would be headed by two director positions…
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
