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SGB UPDATE
SGB UPDATE is the only continuously updated source for news for the Sporting Goods, Athletic Footwear,
and Athletic Apparel markets. This archive area is updated by our editorial team throughout the day as news
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The Latest News...
NRF Calls on Congress to Pass Stimulus LegislationThe National Retail Federation called on Congress to hold a l"lame duck session" to address the nation’s economy as soon as possible after the November elections, and to include tax relief for consumers in any economic stimulus package that is adopted...(10/16/2008)
J.H. Whitney & Co. Acquires Igloo Products Corp.Igloo Products Corp. confirmed today, that it has been acquired by J.H. Whitney & Co., a private equity firm based in New Canaan, CT. All operations of Igloo Products will remain in Katy, Texas, and the current Igloo management team will remain in place. Gary Kiedaisch, former president of competitor The Coleman Co., will become chairman of Igloo's board of directors...(10/15/2008)
Sales by Leisure Retailers Rose in SeptemberThe U.S. Census Bureau released advance estimates of U.S. retail sales for September showing that sales by sporting goods, hobby, book and music stores fell 1.1% from August, but rose 0.9% from September a year ago. Sales for the category reached $7.47 billion compared to $7.40 billion in September, 2007....(10/15/2008)
Tony Hawk Acquires All Interest in Birdhouse SkateboardsTony Hawk has acquired all interest in the Birdhouse Skateboards brand from Blitz Distribution, Inc. after an agreement with business partner of 15 years Per Welinder...(10/15/2008)
Victorinox Lands Swiss Army Knife ContractVictorinox AG said it signed a contract in early September to produce the new soldier's knife for the Swiss Army. The contract was let by armasuisse, the procurement, technology and real estate centre of the Swiss Federal Department of Defence, Civil Protection and Sport. The soldier’s knife '08 replaces the previous Swiss soldier's knife, which was introduced in 1961...(10/15/2008)
Klip America Secures Worldwide Rights to Volkl TennisMarker Volkl International of Baar, Switzerland and Klip America of San Diego, California have jointly announced that Klip America has been named the World Wide Licensee for Volkl Tennis Equipment, Bags and Accessories...(10/15/2008)
Mammut Sports Sees 9.2% YTD Sales GainConzzeta Group said its sporting goods business unit, Mammut Sports Group, achieved sales of CHF 111.9 ($98.9 million) in the first eight months through August 2008, a 9.2% improvement on the previous year. The company, based in Zurich, Switzerland, said Mammut Sports Group achieved clear growth in all its major markets...(10/15/2008)
Bon-Ton Predicts Low FY08 ResultsThe Bon-Ton Stores, Inc. said that based on fall season sales trends and continued expectations for a soft holiday season, it believes its full-year fiscal 2008 financial results will be at the low end of the previously stated guidance range. Guidance provided on Aug. 20, 2008 for fiscal 2008 diluted earnings per share was in a range of 45 cents to 95 cents excluding the write-off of goodwill...(10/14/2008)
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