Unifi Closes Sale of China Joint Venture

Unifi, Inc. has closed on the sale and received $9 million in proceeds related to its 50% ownership interest in Yihua Unifi Fibre Industry Co., Ltd., the company's joint venture with Sinopec Yizheng Chemical Fiber Co., Ltd. (YCFC). Unifi will continu

LOWA Awarded ISO 9001 Status

After a rigorous and multi-part testing procedure, LOWA Sportschuh Gmbh, parent company of LOWA Boots in the U.S., has been awarded ISO 9001 status, a highly prestigious certificate of quality for the development, production, and sales of their outdoor, m

Rocky Extends Credit Facility

Rocky Brands, Inc. said it has amended its credit facility with GMAC Commercial Finance LLC to extend the facility’s maturity through April 30, 2012. The credit facility was originally scheduled to mature on Jan. 5, 2010. In addition, the amendment reduce

Heelys Narrows Losses for Q4

Heelys, Inc. reported sales slumped 37.1% in the fourth quarter ended Dec. 31, to $9.8 million from $15.6 million a year ago. The net loss was trimmed to $5.2 million, or 19 cents a share, from $5.9 million, or 22 cents, a year earlier…

Life Fitness Names Director of Consumer Sales

Life Fitness has named Steve de Alcala as director of sales for its consumer business. In his new role, de Alcala will be responsible for the success and continued growth of the company’s consumer retail channels…

G-III reports 37.1% Jump in 2008 Sales

G-III Apparel Group, Ltd. reported sales increased by 32.6% in the fourth quarter ended Jan. 31, to $170.7 million from $128.7 million. The company lost $32.1 million, or $1.93 a share, due to a goodwill impairment charge…

Targeted Endorsement Dollars Still a Wise Spend

Athlete and celebrity endorsement dollars are best spent when targeting a young or minority sports or outdoor consumer in the U.S. That is one conclusion generated by the SportsOneSource 2009 Brand Strength Report that measures how American consumers vie

Burton Founders Eliminate Own Salaries as Layoffs Occur

Burton implemented cost savings initiatives last week as it reduced head count and implemented a reduction in salaries across the board. In a move that should likely garner more attention than it has, Burton owners Jake and Donna Carpenter have chosen to

Mammut Sales Rise 8.8% in 2008…

Mammut Sports Group reported an increase in sales of 8.8% to CHF 192.6 million ($171 mm) lfor 2008 thanks primarily to buoyant demand for clothing and technical products. The company stated that without currency translation effects, growth would have reac