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Armstrong to Buy Stake in SRAM

Lance Armstrong is switching his allegiance from Shimano to SRAM in a big way, according to various media reports. Armstrong announced Wednesday that he would compete in the 2009 Tour de France with a team that has used SRAM components. Also, the Wall Str

Vail Resorts Sets Records in 2008, Sees Lower 2009

Vail Resorts, Inc. reported that a huge jump in real estate sales propelled it to record revenue, EBITDA and net income in the year ended July 31, 2008. Epic late snow, a boom in foreign tourism and higher ticket prices also helped. But the nation's

Wal-Mart Vows to Cut Plastic Bag Usage by 33%

Wal-Mart Stores, Inc. took another big stride in its sustainability efforts when it committed to reduce its global plastic shopping bag waste by an average of 33% per store by 2013. To reach this goal, Wal-Mart will reduce the number of bags given out by

RECALL: Razor Ride-on Vehicles

Razor USA LLC is recalling about 30,000 Dirt Quad electric powered ride-on vehicles. The control module for the throttle can fail and cause the electric ride-on vehicle to unexpectedly surge forward, posing a risk of injury to the user or a bystander…

RECALL: Igloo Coolers

Igloo Products Corp. has voluntarily recalled about 7,200 coolers because sharp latch edges could cut consumers, the U.S. Consumer Product Safety Commission said Wednesday. The agency said Igloo received eight reports of consumers getting cuts that requir

Nike’s Q1 Revenues Jump 17%; Future Orders Up 10%

Nike Inc. reported first-quarter revenues grew 17% to $5.4 billion, compared to $4.7 billion for the same period last year. Changes in currency exchange rates increased revenue growth by 7 percentage points for the quarter. Worldwide futures orders for at

REI Workshops Seek to Drive Women’s Outerwear Sales

W.L. Gore & Associates and six top outdoor brands have partnered with REI to drive women's outerwear sales at the co-op's stores starting this weekend. REI will offer one-hour workshops on how to dress for the outdoors. Participants will get a c

Phoenix Footwear Names New CFO

Phoenix Footwear Group, Inc., a multi-brand footwear and accessories company, announced today that it has named P. Douglas Ford as its Chief Financial Officer, effective immediately. Scott Sporrer, who served as Phoenix Footwear's Interim CFO since O

Conservation Alliance Lobbies Congress on Public Lands

Representatives from The North Face, Osprey, The Forest Group, and The Conservation Alliance spent two days lobbying Congress last week to support a bill that includes more than 150 public lands bills. The proposal could go to the Senate floor for a vote

Skram Media to Acquire Mountain Gazette Properties

Skram Media has reached an agreement to purchase the Mountain Gazette from GSM Media, LLC, of Paonia, CO, a deal that will expand its reach to 350,000 mountain sports enthusiasts. Skram Media will also own the magazine’s website, mountaingazette.com. Skra

Steve and Barry’s to Close 103 Doors

Steve & Barry's, which is currently in the midst of bankruptcy proceedings, plans to close 103 stores. The Port Washington, N.Y. based retailer will operate with a smaller base of 173 stores, which the company said would better position it to reach p

GSI, Timberland Take $7 mm Hit

A federal judge has granted preliminary approval to a $7 million settlement submitted by GSI Commerce Inc., Timberland and a Florida wireless carrier to settle allegations they sent unsolicited advertisements for Timberland products via text messaging in

Amer Sports Sees Tough Q4 Ahead

Amer Sports could see a “challenging” fourth quarter as economic problems from the United States spill over into Europe, a senior company official said. “There are signs of weakening macro economy also in Europe,” said company spokesperson Pekka Paalanne.