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Daily News Feed 02/22/2012 WFSGI Outlines Key Trends in Chinese SG Market
In a presentation on the eve of ISPO Beijing, WFSGI Secretary-General Robbert de Kock outlined some of the key trends in the Chinese market based on NPD and GfK research. Iconix Brand Group Will Aim to Resurrect Fortunes of Urban Men’s Brands
Management for the New York parent of a portfolio of consumer brands that includes Ocean Pacific, Mossimo, Starter and Zoo York, says it will be difficult for its Rocawear urban brand to ever return to “peak volume,” but it points out that the brand still represents more than $400 million in annual retail volume. SGMA Hires Ron Rosenbaum as SVP of Marketing/Business Development
Rosenbaum has joined the trade organization in Silver Spring, MD, where he’ll provide direction and oversight to marketing, fundraising, membership and program development. Rebel Sport’s New Parent Experiences Early H2 Comp Growth at Chain
Australia’s Super Retail Group Ltd., which completed a A$610 million ($652.9 mm) acquisition of Rebel Sport and Amart All Sports on Oct. 30, says the two Down Under chains generated positive same store sales growth of 3.5% during the first seven weeks of H2 that began Jan. 1. Garmin Posts Double-Digit Sales Gain in Outdoor, Fitness Units
Fitness division sales growth was up 17% in the fourth quarter to $94.8 million, but fell slightly short of company expectations due to an inability to ship the Forerunner 910XT in time for the Holiday selling season. Team Dealers File for Bankruptcy Protection
Game Time Sports Goods, based in Canton, GA, and The Jock Shop of Kalamazoo, MI, filed for bankruptcy protection. A.T. Cross Net Rises 10% in Q4
Net income was $1,941,000 against $1,767,000 for the period ended Dec. 31. Etcetera: Fluid Inc., Soybu, Yakima, Oakley, New Balance
02/21/2012 Reports: Incident at Puma Contract Factory in Cambodia
According to media reports, more than 6,000 workers at the Kaoway Sports factory, which makes footwear for the Big Cat, were tossing rocks at the building to protest unfair working conditions there. Subsequently, three female Kaoway employees were shot by a drive-by gunman.
Angela Owen is elevated to SVP of Marketing and Lee Fromson becomes SVP of Merchandising for the national co-operative. Trio of Local Sporting Goods Stores Going-out-of-Business
Golfology in Hanover, MA, North Cover Outfitters in Old Saybrook, CT, and Vaughn’s Sporting Goods in Burney, CA, are closing their doors. Heisman Trophy Winning Quarterbacks In the News
Under Armour is preparing to rollout creative, a commercial called “Cam’s Night Out,” during the NFL Combine telecast to highlight its Heisman Trophy-winning endorser, Carolina quarterback Cam Newton. Collective Brands Expanding Reach of Performance + Lifestyle Group Brands
The company has signed multi-year licensing agreements with partners in 10 countries to broaden the reach of several of its brands in Mexico, Indonesia, Japan, the Czech Republic and five South American countries. Recall: Handlebar Stems, Women’s Bicycles
Shimano is recalling approximately 300 mountain bicycle handlebar stems in North America that were made by Taiwan-based Post Moderne Corp. due to faulty bolts on the front plate of the stems. Etcetera: Nike, FITS Socks Co., Peak Sports Products/Jeremy Lin, Seiko Epson
02/20/2012 Anta Sports Sees Strong Gains in 2011, but Margins Slip
Net profit was up 12% to RMB 1,730.1 million ($275,862,000) compared to RMB 1,551.1 million for the FY ended Dec. 31 as revenues rose 20% to RMB 8,904.8 million ($1,419,170,000) from RMB 7,408.3 million. Sports Inc. Signs Five New Members
The buying group said the athletic division had more than a 13% sales increase in 2011.
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