Vietnam Cleared in Dumping Investigation, China Next
Two years after it began monitoring Vietnamese apparel imports, the U.S. Department of Commerce ruled Nov. 21 that there is insufficient evidence to warrant self-initiating an antidumping investigation. The ruling removed a potential disaster for the spor
Famous Footwear Same-Store Sales Drop 5%
An increase in stores and marketing activity failed to counter slower consumer spending at Famous Footwear in the third quarter ended Nov. 1, 2008. Net sales for the footwear chain were $362.7 million, a 0.5% increase, compared to $361.0 million last year
Take Me Fishing Resonating Like Never Before
The Recreational Boating & Fishing Foundation’s (RBFF) new Take Me Fishing campaign message is resonating with boaters and anglers like never before, according to an annual tracking study. The study reveals more than half of target anglers identified as o
Sturm, Ruger and Co. Authorizes Stock Repurchase Program
Sturm, Ruger & Company, Inc. said its board of directors has authorized a stock repurchase program…
DSW’s Q3 Earnings Drop 41.1%
DSW Inc. reported earnings fell 41.1% in the third quarter ended Nov. 3, to $13.2 million, or 30 cents a share, from $22.4 million, or 51 cents, a year ago. Revenues climbed 6.5% to $391.4 million from $367.4 million but same-store sales slipped 3%. The f
3M to Acquire Futuro Line from Beiersdorf
3M has entered into a definitive agreement to acquire the Futuro health supports and compression hosiery product line from Beiersdorf. Terms of the transaction were not disclosed…
Confluence Names SE District Sales Manager
Confluence Watersports named Chris Summa to the newly created role of southeast district sales manager effective Jan. 1, 2009. Summa, who will retain sales duties in Florida, will be responsible for full management of the southeast territory, which includ
Nikwax Names New Rep for Northwest
Nikwax has hired Pacific Rep Works for the company’s Northwest territory. The agency, which operates from five offices in the territory, already represnts CamelBak, Sugoi, Chariot Trailers and Overland Equipment…
Cannondale SG Lines Up Financing for Dealers
GE Money’s Sales Finance unit and Cannondale Sports Group (CSG) have entered a multi-year agreement to provide a consumer financing program to CSG dealers nationwide, beginning Jan. 15, 2009…
ISPO Winter Show Gets New Exhibition Group Director
Markus Hefter has taken over the position of Exhibition Group Director for ispo winter, and will be responsible for all sectors of the international sporting goods exhibition. Hefter has been working for ispo since…
adidas Signs 11-Year Deal with IAAF
adidas and the International Association of Athletics Federations have entered an 11-year partnership agreement granting adidas the world-wide sponsorship rights for all IAAF World Athletic Series events from 2009 until 2019. The partnership incorporates
PacSun Names Board Member
Pacific Sunwear of California, Inc. announced the appointment of Brett Brewer to its board of directors. Brewer, 36, is an Internet entrepreneur who has built, operated and sold Internet media companies. Brewer co-founded Intermix Media, which launched se
Perry Ellis Gets Swim Boost in Q3
Perry Ellis International's swim division revenues increased sales by 7% with gross margins ahead 237 basis points in Q3. The improvement was driven by Jantzen, Jag, and Nike's performance in swimwear, as well as the growth in accessories and co
HBI to Cut Another 395 Jobs
Hanesbrands Inc., the parent of Champion and Duofold, said it will trim 210 management and corporate positions to reduce costs, and also plans to close a China Grove, NC yarn plant by the end of the year, affecting another 185 employees. Hanesbrands has a
Steve and Barry’s to Liquidate
Steve & Barry's has filed for bankruptcy protection a second time, less than five months after its initial filing, with a plan to fully liquidate. According to the company's Chapter 11 petition filed late Wednesday, the 276-store retail chain sa
