A federal judge in Ohio last Monday concluded that Riddell Inc. had a duty to warn former Minnesota Vikings offensive lineman Korey Stringer that its helmets and shoulder pads could contribute to heat stroke when used in hot conditions. Stringer died nea
Author: sportsoneauthor
Studies: Team Sports Reduce Likelihood of Youth Smoking; Fitness Ups Grades
Participating in team sports is associated with a reduced likelihood of youths becoming established smokers, according to a new report issued by the Dartmouth Medical School in New Hampshire. The study found that young adults who did not take part in team
Los Angeles Court Dismisses K-Swiss Trademark Lawsuit Against Puma
The Los Angeles District Court has dismissed a lawsuit filed by K-Swiss against Puma over its Dolton shoe design. Puma filed its own trademark infringement lawsuit in the District of Massachusetts and the case will continue to be heard there. K-Swiss sou
L.L. Bean Reduces New Store Plans for 2009
L.L. Bean plans to open only one store this year rather than the anticipated eight. A plan to offer voluntary retirement incentives to some employees was also recently announced. According to reports, the company still has a goal of having 32 stores in op
Dorel Acquires Iron Horse
Dorel Industries Inc. has acquired certain assets of Iron Horse Bicycles, including inventory, various trademarks and trade names, as well as the “Iron Horse” brand, in a transaction valued at US$5.2 million. The assets were bought in a bankruptcy auction
Sugoi Inks Timex Sports Apparel License
Sugoi Performance Apparel, a division of Dorel Industries Inc., and Timex Group have entered into a license agreement for the design, manufacture and distribution of sports apparel under the Timex brand name. Sugoi will launch a line of Timex performance
Golden Gate to Acquire Eddie Bauer
Private equity firm Golden Gate Capital has acquired the assets of Eddie Bauer Holdings Inc. Golden Gate Capital reportedly won the auction for Eddie Bauer with an all-cash bid of $286 million. Representatives for Eddie Bauer said Golden Gate would retain
Callaway Golf Lowers Guidance for the Year
Callaway Golf Co. said its preliminary financial results show its second-quarter per share profit fell sharply on weaker sales, prompting the company to lower its guidance for the rest of the year…
OIA Report: Outdoor Sales Decline in May
According to OIA, retail sales for all core outdoor stores combined declined 7% in May compared to the same month last year, moving from $448 million to $418 million. Sales for the first five months of the year totaled $1.8 billion, down 5% from the same
SIMA: Surf/Skate Industry Riding Out Economic Storm
The surf/skate industry is showing notable resiliency during recent global economic challenges, posting U.S. retail sales of $7.22 billion in 2008 according to the 2008 SIMA Retail Distribution Study released by the Surf Industry Manufacturers Association
Sports Direct Profits Plunge 91%
Sports Direct, the U.K.’s largest sports retailer, saw a 91% drop in full-year profits despite increased sales after the weak pound and investment losses took their toll. The company, controlled by Newcastle United owner Mike Ashley, netted a profit of £1
Blacks Leisure Comps Slip 1.8%; New Outdoor Format Sales Up
Blacks Leisure year-to-date comparable sales were down 1.8% with outdoor sales down 1.6% and Boardwear down 3.2%. Management said that for the year-to-date, the business is performing “satisfactorily.”…
Potential CIT Bankruptcy Could Rattle Retail
CIT Group Inc., a significant lender to small and medium-size businesses in the retail industry, could be forced into bankruptcy proceedings barring a last-minute deal to renegotiate its sizeable debt load. A bankruptcy threatens to disrupt the flow of m
Kellwood Extends Deadline for Debt Exchange Offer; Some See BK as Option
Kellwood Co., the Sun Capital Partners portfolio company that is also parent of American Recreation Products, said it was unable to renegotiate and extend its bond issue that matured Wednesday and its board extended the deadline for acceptance of a propos
Outdoor Apparel Vendors Adjusting to Downturn
Despite the economic downturn and a drastic pullback in inventories, the design and innovation machine hasn’t been turned off for outdoor apparel manufacturers. As expected, many of the same themes – lighter, moisture-management, eco-friendly, sun protect
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