Mountain Hardwear Opens Store in Tokyo
Mountain Hardwear Inc. will open a store in the exclusive Harajuku neighborhood in Tokyo, Japan, showcasing Mountain Hard Wear apparel and equipment and Montrail footwear. The new store is Mountain Hardwear’s third company-owned branded store worldwide…
New Era Cap Acquires 5th and Ocean
New Era Cap Co., Inc. has acquired 5th & Ocean, the privately held licensed sports apparel manufacturer in Miami best known for its women's styles. The acquisition is expected to help New Era further expand into sports and fashion apparel. Terms were
Nike Names Allaker Umbro President
Nike Inc. announced that Jim Allaker, currently vice president and general manager of Nike UK and Ireland, will become the new CEO and president of Umbro Ltd. He replaces Matthew Cook, who left the company to pursue other opportunities…
Class Action Suit Claiming “Misrepresenation” Filed Against Ruger
Shalov Stone Bonner & Rocco LLP issued a press release announcing a class action lawsuit was filed on behalf of purchasers of Sturm, Ruger & Company, Inc. common stock between April 23, 2007 and October 29, 2007, inclusive…
Nike Canada to Sponsor Vancouver 2010 Olympic Winter Games
Nike Canada Corp. and the Vancouver Organizing Committee for the 2010 Olympic and Paralympic Winter Games (VANOC) announced that Nike has been named the Official Supplier of high performance sporting goods for the upcoming Games and introduced Team Canada
Riddell Sports Extends NFL Licensing Agreement
Riddell Sports signed a multi-year extension to its existing licensing agreement with the National Football League (NFL)…
Cabela’s Credit Card Business Weakens
According to a filing with the Securities and Exchange Commission, Cabela's Inc. said its credit card business' gross charge-offs rose in July. Gross charge-offs — accounts receivable that will likely not be collected and be written off — rose
CPSC to Enforce New CPSIA Requirements for Children’s Products
On August 14, 2009, new requirements of the Consumer Product Safety Improvement Act (CPSIA) will take effect that are aimed at making children's products safer and increasing consumer confidence in the marketplace…
Runner’s World Launches iPhone App to Drive Traffic to Local Specialty Shops
Runner’s World will bring its shoe guides to a new iPhone application. The Nike-sponsored “Runner’s World Shoe Shop” is a one-click concierge service that offers reviews from the RW Shoe Lab, shoe-buying advice, and the ability to purchase shoes at a loca
Dorel Bike Division Revenues Rise in Second Quarter
Dorel Industries Inc., the parent company of some of the biggest brand names in cycling products, reported that total revenues for second quarter ended June 30 declined 7.2% to $551.1 million from $593.7 million for the same period a year ago. Second qua
Millet to Launch Rope Recycling Program
Millet has teamed up with the polyamide recycling company, Rhodia to develop a system for recovering and re-using polyamide waste. Consumers are asked to return used ropes to retailers in exchange for a discount on a new Millet rope. Any brand of rope
Clijsters Returning to Pro Tennis with Fila
Sony Ericsson WTA Tour star Kim Clijsters will reportedly begin her comeback to professional tennis wearing Fila apparel and footwear…
Shimano Feels the Effects of Global Recession in First Half
Shimano Inc. reported that the impact of the global recession and the pressure to reduce inventories has caused its bicycle components business and fishing tackle business to suffer from lackluster sales for the first half of 2009 ended June 30. As a resu
Sports Multiplied Names New Regional Reps for 2XU and BONT Cycling
Sports Multiplied, LLC, distributors of 2XU sports apparel and BONT cycling shoes, have recently appointed new sales reps in the Northern California and Colorado / Utah regions…
Adidas Group Sees Bottom in Second Quarter
Adidas Group saw declines in all segments of its business with the exception of TaylorMade-adidas Golf in the second quarter, but the increase in TMaG saw its improvement due to the inclusion of the Ashworth business this year. In sharp contrast to last
