SGB Update Sports & Fitness
Gildan Plans Five North American Factory Closures
Gildan Activewear Inc. plans to close its two remaining textile facilities in Montreal, Canada, as well as its cutting facility in Bombay, N.Y., in the fourth quarter of the current fiscal year. Two sewing facilities in Mexico, which are supplied with fab
Sports Direct’s Ashley Buys Adidas Stake
Sports Direct’s Mike Ashley has invested £183m (U.S. $350 million) on a 3.14% stake in adidas…
REI Announces Board Election Results
Recreational Equipment, Inc. announced its 2007 board election results during its annual membership meeting held March 26. Cooperative members voted to return incumbents Anne Farrell and Tom Harville, and elected John Hamlin and Edward M. Schmults to thr
Finish Line Taps Nordstrom Exec for Chief Merchant Role
The Finish Line appointed Samuel Sato as EVP and chief merchandise officer of Finish Line. Sato will be responsible for all product lines for Finish Line stores and reports to Glenn Lyon, president. Lyon had been overseeing merchandising for the retailer.
Horizon Fitness Receives ISO 9001:2000 Certification
Horizon Fitness has received ISO 9001:2000 certification. To receive ISO 9001:2000 certification, Horizon Fitness underwent an extensive auditing process by a third-party registrar company. The review process, which took more than a year to prepare for, e
Converse Partners with Gap on RED Collection
Converse and Gap will unveil two limited edition Converse (PRODUCT) RED Chuck Taylor All Star shoes available exclusively at select Gap stores for Spring, beginning March 2007. This marks their second introduction of specialty retail shoes….
G.I. Joe’s Plans to Change Name To Joe’s
G.I. Joe's plans to change its name to Joe's. The name change will be effective, April 1. The name change surfaced in Oregon newspapers, but was confirmed by a call to G.I. Joe's offices in Wilsonville, OR. Exterior store signs have already
True Temper Q4, Annual Sales Decreases Lead to Net Losses
True Temper Sports, Inc. saw fourth quarter net sales decrease 11.8% to $24.2 million from $27.4 million last year. Net sales for the full year decreased 8.2% to $108.0 million from the $117.6 million recorded in 2005. The company recorded a net loss for
New Markets and Acquisitions Play Central Role in Industry Growth Plans Over Next Five Years…
At a series of investor conferences last week, most notably the Bank of America Consumer Conference, but also at the B. Riley & company 8th Annual Las Vegas Investor Conference and at Citigroup’s Small & Mid-Cap Conference, public companies gave the inves
Zumiez Q4 Net Jumps 66% on 12% Comps…
Zumiez Inc. posted double-digit same-store sales increases for 2006, the fourth quarter of 2006, and each month in the fourth quarter. The bottom line grew as well, up over 60% for both Q4 and 2006. Net sales for the fourth quarter increased 49.0% to $112
Pacific Cycle’s CEO Announces Growth Plans
Pacific Cycle’s new CEO, Jeff Frehner, says he has plans that will bring more speed and focus to the company and its partners. A bicycle industry veteran, Frehner began his career in the bicycle industry as an attorney and Human Resources Director with QB
Kellwood Sees Operational Improvements in Q4
Kellwood Company Q4 net sales totaled $491.9 million, as compared to $446.5 million in the fourth quarter last year. Net earnings from continuing operations were $6.5 million, or 25 cents per diluted share, versus $4.1 million, or 16 cents per diluted sha
Cutter and Buck Fiscal Q3 Hurt by Litigation, Last Year’s Discontinued Product…
Cutter & Buck Inc. posted a sales decrease for the fiscal third quarter, which paired with an increase in SG&A expenses to cause the company’s net income to fall. On a conference call with analysts, the company noted that the decrease in sales comes as a
Life Fitness Inks iPod Deal
Life Fitness, a division of Brunswick Corporation, said it plans to offer seamless integration with Apple Inc.’s iPod players in several of its upcoming products…
OIA Sets Agenda for Capitol Summit 2007
Every year, Outdoor Industry Association members gather in Washington D.C. to visit with their Representatives and Senators and lobby for issues that are important to the Outdoor Industry. OIA has held events similar to this for over a decade, but each ye
