SportsOneSource.com - Sporting Goods Business 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 breaks in the industry. The SGB UPDATE newsletter is delivered each business morning via e-mail in either TEXT or HTML format.

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The Latest News...

adidas to Open World's Largest adidas Brand Center in Beijing
On July 5, adidas will open its largest Brand Center worldwide in Beijing. The center will be the first to offer products from both adidas divisions-Sport Peformance and Sport Style. The facility will feature an interactive coaching technology and an 'Urban' area highlighting trends in art, music, and culture. The center will also have an area showcasing adidas products, designs, and technologies developed for the 2008 Beijing Olympic games.(7/3/2008)

Golfsmith Names Allen to Board
Golfsmith International Holdings, Inc. appointed Robert E. Allen to fill a vacancy on its Board of Directors to serve until the next annual meeting of shareholders. In addition to serving as a Director, Allen has also been appointed to the Audit Committee...(7/3/2008)

Tum Yeto Names Brumage as Director of Sales
Tum Yeto, Inc. has appointed Glenn Brumage as director of sales & departmental solutionator. Glenn has been in the Action Sports industry for over 25 years and has been involved with everything from owning a five-man sales rep agency to being a buyer at Hobie Sports. Brumage previously worked as VP of sales and marketing at Matt Hensley's Innes Clothing. He is a current member of the IASC board...(7/3/2008)

Gatorz Eyewear Taps HCK Global for North America Sales
Gatorz Eyewear has signed an agreement with HCK Global, Inc. to expand its sales force throughout North America. Industry veteran and HCK Global, Inc. president Kevin Keep has planned a strategic initiative to help Gatorz Eyewear become a leader in the high performance, action sports and lifestyle sunglass segment of the non-prescription eyewear industry...(7/3/2008)

Billabong Acquires Skate Longboard Company Sector 9
Billabong International Limited has acquired Sector 9, a Southern California-based skateboard brand. Co-founders and owners Steve Lake and Dennis Telfer and co-owner Dave Klimkiewicz are being retained as part of the acquisition in their current roles. Sector 9 is expected to contribute approximately 2% to Billabong International Limited�s sales in the 2008-09 financial year. The acquisition is expected to be earnings per share accretive in year one...(7/2/2008)

Report:: Steve & Barry's Exploring Store Closings
Steve & Barry's LLC is readying plans to close more than 100 of its stores, and is contemplating a full liquidation should it not find emergency financing, the Wall Street Journal reported on its website. The article, citing people familiar with the company, said the retail chain is seeking a tentative plan for about $40 million in debtor-in-possession financing if it must file for bankruptcy protection. Steve & Barry could not be reached for comment...(7/2/2008)

SkirtSports Names New Sale & Marketing Director
SkirtSports named Maria Hennessey as director of sales and marketing. Hennessey joins SkirtSports from bag maker Sherpani...(7/2/2008)

Nike HR Exec Joins LPGA
Carol Corcoran, most recently senior human resources consultant for Nike Inc., was named to the newly created position of LPGA chief administrative officer. She will assume the role on Aug. 4. At Nike, she was responsible for human resources and organizational strategy oversight and direction to the divestiture of NikeBauer to new owners...(7/2/2008)

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