SGB Update Sports & Fitness
Accell Group Sales and Earnings Climb in 2006
The Accell Group reported that 2007 fiscal year sales increased 17% to €431.7 million ($559.9 mm). Organic growth for the full year came in at 9%. The acquisitions of Seattle Bike Supply and Webena Sport, added 7% to the top line. Earnings per share on th
Polartec LLC Inks Agreement with Malden Mills’ Union Members
Polartec LLC, the holding company recently formed in order to acquire the assets of Malden Mills out of bankruptcy, signed an agreement Unite HERE! union members. The Union has approved the terms of a new collective bargaining agreement between Unite HER
Nike Plots New Distribution Center in Memphis
Nike, Inc. reached an agreement to acquire a 125-acre land parcel in Memphis, TN, known locally as Northridge, where it plans to build a new 1 million square foot footwear distribution center. The land purchase agreement was signed March 1, 2007, by Nike
RECALL: Oceanic/AERIS Dive Computers
The CPSC and Pelagic Pressure Systems are recalling about 2,000 Oceanic and AERIS Digital Dive Computers. When performing a switch from one gas to another during a dive,
the dive computer's display will lock up and not return to the main dive screen
Interbike Sponsors National Bicycle Summit
Interbike will be one of the sponsors of the seventh annual National Bicycle Summit to be held in Washington D.C. March 14-16, 2007. More than 300 bicycling industry executives, advocates and educators will meet at the Ronald Reagan International Trade Ce
U.K.’s Sports Direct Raises $1.82B in IPO
Sports Direct International PLC, the United Kingdom’s largest sporting-goods retailer, on Tuesday raised US$1.82 billion (929 million pounds; euro1.4 billion) in an initial public offering after owner Mike Ashley sold a 43 percent stake in the business. A
Marmot Promotes Three
Marmot Mountain L.L.C. made three internal promotions within the company. Laura Miera has been appointed to Vice President of Global Production; Beng Hook is the new Manager of Technical Design; and Jamie Ruderman has been appointed to Creative Director..
Pacific Sunwear Breaks Down Business at Roth OC Conference…
At the Roth OC Conference, Pacific Sunwear gave a little more insight into their business than they typically have in the past. The company said that at PacSun, the business splits 57/43 between guys and girls, but that they hope to get the girls side up
Cabela’s Delivers Robust Fourth Quarter Results…
Driven by a strong performance at its retail stores, Cabela's Inc. reported fourth-quarter earnings rose 26%. The outdoor retailer also announced plans to open eight stores in 2007. In the quarter ended December 31, revenue grew 16% to $781 million f
Pacific Brands’ Slow Outdoor Sales Offset H1 Footwear Gains…
Thanks to strong gains in its Homegoods and Footwear groups, Pacific Brands Limited was able to post increases on both the top and bottom line for the first half of fiscal 2007. However, decreases in both sales and EBIT in the Outerwear & Sport division o
American Skiing Co. to Focus on Utah and Maine Resorts…
American Skiing Company has been selling off several of its resort holdings over the past three months. Just last week, the resort holding company announced plans to sell Mount Snow and Attitash resorts for $73.5 million, and in December announced a deal
Outdoor Sports Marketing is Cascade Designs’ Rep of the Year
Cascade Designs Inc. named Outdoor Sports Marketing as 2006 Rep of the Year. The group’s efforts propelled strong growth in the Southeast U.S. territory for the company’s flagship brands: MSR, Therm-a-Rest, SealLine, Platypus and Tracks…
Mizuno Names Custom Fitters of the Year
Mizuno named 16 of its retail partners as Club Fitters of the year. The recipients were evenly split with 8 winners Green Grass shops and 8 Off-Course retailers…
Pony Names VP Sales and VP RandD
Pony International LLC appointed Nathan Crary VP of research and development and also named David Corsi as VP of sales. Prior to joining Pony, Nathan Crary was president of Velocy Performance Footwear, while Corsi history has included positions as key acc
The Walking Co. to Open Store in Brandon, FL
The Walking Co. plans to open a 1,456 square-foot store in Brandon, Florida, on March 1. The comfort shoe chain currently operates about 150 stores…
