The Finish Line, Inc. lowered its guidance for the year as margin pressure led it to miss third-quarter earnings forecasts. Excluding non-recurring items, the company showed a loss of 2 cents a share in the quarter ended Nov. 29, far short of Wall Street&
Year: 2014
Amazon Prime Launches 1-Hour Delivery Service in Manhattann
Amazon.com, Inc. launched Prime Now in select areas of Manhattan in New York City Thursday. The service offers Amazon Prime members free two-hour delivery on tens of thousands of daily essentials through a mobile app. One-hour delivery is available for $7
Atlas Snow-Shoe Co. Adds Adventure Team
Atlas Snow-Shoe Company has expanded its race team to include the new Atlas Adventure Team, which will include brand enthusiasts from both U.S. outdoor and snow sports industries in 2015…
EOG Works to Lure New Retailers to ISPO Munich 2015
The European Outdoor Group (EOG) and ISPO announced details of a new orientation program designed to lure new retailers to the massive trade show. The program aims to attract outdoor retailers who have never attended ISPO and ensure they get the most from
Travel and Tourism Spending Decelerated in Q3
Real spending on travel and tourism decelerated in the third quarter of 2014, increasing at an annual rate of 1.3 percent after increasing 3.3 percent (revised) in the second quarter. Real gross domestic product (GDP) also decelerated, increasing 3.9 perc
Kinetic to Provide Trainers to Cannondale-Garmin Pro Cycling Team
Kinetic will provide Slipstream Sports' UCI WorldTour team, which will compete under the Cannondale-Garmin Pro Cycling banner in 2015 with their choice of trainers for the next two years, including a fleet of trainers for the team to use at each race
New Balance Settles Karl Lagerfeld Lawsuit
New Balance Athletic Shoe, Inc., various Karl Lagerfeld entities, and Net-A-Porter Group LLC, have resolved the lawsuit filed by New Balance concerning its iconic trademarks and trade dress and the design of Lagerfeld’s casual footwear line…
Carol M. White Physical Education Program Grants (PEP) Funded for 2015
Pioneered by the Sports & Fitness Industry Association (SFIA), the Carol M. White Physical Education Program (PEP), a legislative priority for SFIA over the years, received $47 million in funding for fiscal year 2015. PEP grants are multi-year grants for
Sole Society Announces Partnership With Aldo Product Services
Sole Society announced Aldo Product Services (APS) will become their primary footwear and handbag supplier. The footwear and handbags will be available at SoleSociety.com, select Nordstrom stores and Nordstrom.com starting fall 2015…
Brown Shoe Amends Credit Agreement
Brown Shoe Company entered into an amended and restated credit agreement, which extends its senior secured asset-based revolving credit facility to December 2019…
Adidas Outdoor Athlete Attempts Solo Row Across the Pacific
Adidas Outdoor announced its athlete Sonya Baumstein, 29, will attempt to be the first female to successfully row solo from Japan to San Francisco next spring. During the 4-6 month expedition…
Sanuk Founder Jeff Kelly to Transition from Active Role
Sanuk Founder Jeff Kelly is winding down his active involvement with the footwear brand and will be moving on to other projects in 2015, according to Deckers Brands, which acquired Sanuk in 2011. Under president Jake Brandman, Sanuk will continue extendin
Nike’s Q2 Sales Jump 15 Percent
Nike, Inc. reported earnings rose 22.7 percent in the second quarter ended Nov. 30, to $655 million, or 74 cents a share, exceeding Wall Street's consensus estimate of 70 cents. Revenues grew 14.8 percent to $7.38 billion. Nike Brand revenues were up
Oboz Footwear Hires Gustafson to Lead Product Development
Oboz Footwear hired Derek Gustafson to lead its product development team in Bozeman, MT in early December. The change marks a homecoming for Gustafson, a Bozeman native who spent the last eight years working with Black Diamond Equipment in Salt Lake City,
Athletic, Outdoor Brands Excelling at Fulfillment
Cabela's, Nike and Under Armour were among 10 online retailers that earned spots on the Kurt Salmon Santa’s Good List for Holiday Shipping for speedily delivering multi-unit Cyber Monday orders…
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