Fletcher Sport Brands will now operate around the world under the iconic name Sunice, effective immediately…
Year: 2014
Columbia Sportswear Opens First NYC Columbia Branded Store
Columbia Sportswear announced the grand opening of its flagship Columbia brand’s first branded store in New York City. Located at 345 W. 14th Street, in between 8th and 9th Avenue in New York’s Meatpacking District, the retail store opens on N
Performance Sports Group Addresses Pending NOCSAE Lacrosse Notification
Performance Lacrosse Group Inc. said it is working with the National Operating Committee on Standards for Athletic Equipment (NOCSAE) to clarify why its Cascade R model lacrosse helmet no longer complies with NOCSAE standards…
Vista Outdoor Spin Off Back On
Alliant TechSystems Inc. is moving forward with plans to spin off its $2.3 billion-a-year sporting business as a publicly traded company as part of a merger of its aerospace and defense businesses with those of Orbital Sciences Corp…
Hibbett Sports Third Quarter Comps Flag Amid Record Store Openings
Hibbett Sports Inc. reported a sharp drop in comp store sales growth in the 13 weeks ended Nov. 1, but was able to grow sales 5.0 percent to $218.3 million by opening a record 26 stores during the period. Comparable store sales for the recent quarter incr
Clif Bar Drops Climbers for Film Appearance
Clif Bar announced it will no longer sponsor climbers known primarily for free-soloing, BASE jumping and highlining after news broke that it fired five climbers from its team who appeared participating in those activities in a new documentary film the com
E-Bike Maker ProdecoTech Advances Toward Becoming Publicly Traded
Prodeco Technologies LLC, one of the country's largest e-bike makers, agreed Nov. 20 to be purchased by a penny stock company in a plan its owners hope will lead to a listing on a national stock exchange. The all-stock deal values the company at abou
Gluskin Townley Survey Shows Adult Bike Market Facing Tough Headwinds
A recently released report shows that while adult bicycle ownership increased by 648,000 people, or 2.6 percent from 2012 to 2014 in the United States, cyclists cut their visits to bike shops and intent to buy bikes dramatically during the period. While t
Container Lines Waffle on Port Congestion Surcharges
In the space of five days last week, ocean container lines announced, suspended and then reimposed surcharges of up to $1,000 for every container imported through West Coast ports in a sign that chronic congestion at those ports is worsening. The waffling
GoPro to Raise $97MM in Stock Sale
GoPro, which went public on June 26, is expected to raise $96.5 million before underwriting expenses through the sale of 1.29 million shares in a secondary offering. The offering was priced last Thursday at $75 a share…
Foot Locker’s Hot Streak Continues
Led by robust sales across its Jordan portfolio as well as in marquee basketball footwear and lifestyle running product, Foot Locker Inc.’s earnings rose 15.4 percent in the third quarter, to $102 million, or 82 cents a share. On a conference call w
Billabong’s U.S. Business on the Rebound
At its annual meeting last week, Billabong International Ltd. said U.S. sales are returning to growth for its flagship brand, Billabong, and reaccelerating for RVCA. For the Billabong brand, wholesale sales in the U.S. for the fiscal first quarter ended S
Perry Ellis Dismisses Buyout Talk
Perry Ellis International, the parent of several major golf brands and the Nike swim licensee, showed progress in its turnaround efforts, slashing its loss in the third quarter amid continued sluggish sales. But the apparel conglomerate spent much of last
Sheex Sues 37.5 for Patent Infringement
Sheex Inc. sued Cocona Inc. for patent infringement, alleging that its Sleep 37.5 sheets infringe on two patents Sheex received in 2013 to protect inventions it developed through years of research and development. In response, Cocona told Sports Executive
FiveFingers Lawsuit Draws More Than 150,000 Claims
According to court documents, 154,927 claims were received in the class action suit against Vibram USA, representing 279,570 pairs of FiveFingers. The lawsuit, filed two years ago and recently settled, alleged Vibram used unsubstantiated claims about the
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