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  Aug 20, 2014
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Today's Top Story:

Dick's SG Q2 Net Drops After Golf Restructuring Charges

Dick's Sporting Goods reported second-quarter earnings slid 17.5 percent but reached the high-end of its guidance. The quarter included pre-tax charges totaling $20.4 million related to the restructuring of its golf business. Consolidated same store sales increased 3.2 percent. Same store sales for Dick's SG chain increased 4.1 percent, while Golf Galaxy decreased 9.3 percent... Click for Full Story >>>

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Toms announced the signing of a definitive agreement to partner with Bain Capital, one of the world’s largest private investment firms, to accelerate the growth of the company and its giving programs around the world. Toms Founder and Chief Shoe Giver Blake Mycoskie will continue as visionary of the company and remain the 50 percent owner of Toms...(8/20/2014)

 

Cannondale will become part owner, title sponsor and technical bicycle sponsor for Slipstream Sports LLC's professional cycling tream in 2015. Slipstream Sports will manage the overall operations of the team. Garmin, a key partner of Slipstream Sports since 2008, will remain a significant sponsor of the team in 2015...(8/20/2014)

 

Cabela's confirmed it will launch a co-branded line of merino wool apparel base layers this fall with Icebreaker as reported by The B.O.S.S. Report June 11...(8/20/2014)

 

Fanatics, Inc., the world’s leading online retailer of officially licensed sports merchandise, announced Matt Madrigal has joined the company as chief technology and product officer. Based in San Francisco and reporting to Fanatics CEO Doug Mack, Madrigal will play a key role in shaping technology and mobile strategy...(8/20/2014)

 

Petzl America has opened the Petzl Technical Institute at their new headquarters in Salt Lake City, which will work with fire/rescue professionals, arborists, special military forces, rock climbers, cavers, alpinists, routesetters and climbing gym employees and others to advance safety standards and training for those who work and play in the vertical world...(8/20/2014)

 

Sportsman’s Guide has launched a major brand campaign and redesign centered around a “Share The Thrill” rally cry that unites sportsmen both through their love of the outdoors and finding great deals on gear. At the core of the extensive rebranding effort is a new, fresh and distinct Sportsman’s Guide logo...(8/20/2014)

 

The Clymb.com has reached sales of $64.5 million, according to Inc. Magazine’s 2014 Inc. 500 list, which includes seven companies that design, manuacture or sell athletic, fitness or outdoor recreation products...(8/20/2014)

 

Vestis Retail Group, owned by funds advised by Versa Capital Management and operating Bob's Stores and Eastern Mountain Sports, announced the completion of its previously announced acquisition of Sport Chalet, the full-service specialty sporting goods retailer with 50 stores in the Western United States. Mark Walsh, Vestis CEO, said, "Sport Chalet strengthens our position in the active lifestyle and outdoor categories, provides scale from which to grow, and diversifies our geographic footprint"...(8/20/2014)

 

Penske Media Corporation has acquired the U.S.-based trade publishing assets of Conde Nast’s Fairchild Fashion Media unit, the parent company of business-to-business brands Women’s Wear Daily, Footwear News, Beauty Inc, M and the Fairchild Summits...(8/20/2014)

 

Respect Your Universe Inc. named former Lululemon Athletica Inc. executives Manfred Vollmer as its chief operating officer. Manfred has 30+ years of international experience in retail, real estate, operations and strategic planning and marks the latest senior level executive to join the martial arts-inspired fitness apparel company...(8/20/2014)

 

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