The Finish Line, Inc. President Glenn S. Lyon will replace the company's CEO Alan H. Cohen as CEO when he retires Dec. 1, 2008. Cohen will remain chairman of the Finish Line board of directors. Upon his appointment as CEO, Lyon is expected to join Th
Author: Charlie Lunan
Lehman Unit Closes on SRAM Deal
SRAM and Lehman Brothers Merchant Banking (LBMB) have completed their transaction, giving LBMB a 40% stake in SRAM through a strategic investment. The closing marks a strong vote of confidence in SRAM and the cycling industry amidst the worsening financia
Optimer, 180s Setttle Dri-release Infringement Case
Optimer Performance Fibers, Inc. has settled a patent and trademark infringement case it brought against 180s for allegedly selling garments and accesories falsely marked as being made from Dri-release with FreshGuard product…
Credit Crunch Prompts Mull to Buy Back Backwoods
The credit crisis has prompted Jennifer Mull to buy back Backwoods from Nitches Inc., which only acquired the growing Midwest outdoor retailer in February. In a government filing, publicly traded Nitches Inc. said it sold Backwoods back to Mull because i
Ahnu Signs on with Plus 3 Network
Ahnu Footwear will donate up to $10,000 to The Conservation Alliance as the charter outdoor industry sponsor of the Plus 3 Network, a free web-based community that challenges Americans to record and earn rewards for their exercise miles…
Wolverine Unit Wins Military Boot Order
Wolverine World Wide, Inc.'s Bates Footwear unit has received a contract to manufacture roughly 5,000 lightweight Tactical Combat Boots for the U.S. Special Operations Forces (SOF)…
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
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
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
Retailers Urge Congress To Pass Bailout Plan
The National Retail Federation called on Congress to act immediately on legislation to address the nation’s financial crisis, while one leading retail executive urged them to also take the opportunity to crack down on short sellers and make needed financi
USSA Names Gundersen to Direct Education Programs
Finn Gundersen, who has nearly 40 years of educational experience from the club level to the national team, has been named director of sport education by the U.S. Ski and Snowboard Association. Gundersen will develop programs to educate the USSA's co
GE Energy To Dispatch eVent Reps to 700 Stores
GE Energy expects a new cadre of tech reps to visit 700 specialty outdoor and active lifestyle stores as part of an initiative to boost sell through of product using its eVent waterproof breathable fabric. The initiative represents GE Energy's latest
Hanesbrands Moves Sewing from Central America to Asia
Hanesbrands Inc., the parent of Champion and Hanes, will move all its sewing operations in North and Central America to Asia in a major restructuring aimed at streamlining its supply chain. The changes will eliminate 8,100 jobs in the Western Hemisphere b
Study: IBD Clients Are Male, Married and Monied
A study released at Interbike Wednesday shows independent bike dealers may want to add a little age to their staff. The study found that nearly 95% of IBD's customers are 30 or older, 69% are male and 85% are married compared to national averages of
NRF Forecasts 2.2% Holiday Sales Growth
The National Retail Federation forecasted that holiday sales will rise 2.2% this year to $470.4 billion. This gain would fall well below the ten-year average of 4.4% holiday sales growth and would represent the slowest growth since 2002, when holiday sale
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