Randa Accessories announced that the company has submitted a letter to the special committee of the board of directors of Perry Ellis International Inc. to clarify a number of statements made in the preliminary proxy statement filed by Perry Ellis on July 11.
Author: SGB Media
Unifi Ends Joint Venture Negotiations In Guatemala
Unifi Inc. announced that a definitive agreement could not be reached with the owners of Complast S.A. (operating under the brand name EuroPET) and Technologia Textil Avanzada (operating under the brand name EuroFIL) to form a joint venture in Guatemala.
OIA: Bikes, Backpacks And Gloves Could Face 10 Percent Tariff
Wrote Rich Harper, manager of international trade at OIA, in a note to members, “Backpacks, sports bags, bikes and gloves – essential gear for many outdoor activities–already face import tariffs as high as 20 percent. Additional tariffs will only raise costs for outdoor companies and consumers and threaten the growth of the outdoor recreation economy that supports 7.6 million American jobs.”
IHRSA Urges Support For PHIT Bill Passage
H.R. 6312, a modified version of PHIT, removes exercise videos and exercise equipment from the definition of medical care but is better positioned to move onto to the next stage of the legislative process.
Accell Group Fully Acquires Velosophy
Accell Group announced that the company has increased the company’s minority stake in Velosophy B.V. to 100 percent. Dutch company Velosophy is a fast-growing player in e-cargo bike solutions for consumers and the business market.
Reebok Partners With Danai Gurira
Reebok announced a new partnership with women’s award-winning playwright and actor Danai Gurira
Reasonworx Makes Key Hires
Reasonworx, the fast-growing, business and product development firm based in Salt Lake City, announced additions to the company’s collective talent pool.
ICAST Draws 15,000
More than 15,000 representatives from the domestic and international recreational fishing and boating community converged on the Orange County Convention Center (OCCC) in Orlando, FL, July 10-13, for the 61st International Convention of Allied Sportfishing Trades, better known as ICAST.
Jim Baugh Discusses Possible PHIT Act Passage
On Thursday, the U.S. House of Representatives Committee on Ways & Means approved the PHIT Act, bringing the bill the closest it’s come to becoming law since its inception. Here, Jim Baugh, founder of PHIT America, talks about what passage of the PHIT Act could mean for the sporting goods industry, continuing obstacles to its passage and the ongoing battle against sedentary lifestyles.
SGB Executive Q&A: Oofos’ Steve Gallo
Steve Gallo, president of Offos, discusses what’s behind the recovery-footwear leader’s explosive growth, the brand’s fanatical fans and the still-emerging recovering footwear opportunity.
Peak Resorts Fights Off “Extreme Weather” To Wrap-Up Solid Ski Season
Helped by strong appeal of the company’s Peak Pass and late winter weather that kept some of the company’s Northeast resorts open into April, Peak Resorts reported revenues rose 9.3 percent in the fourth quarter ended April 30.
Aisle Talk Week Of July 9
Top headlines from the active lifestyle industry you may have missed this week, including Fabletic’s big hires and ambitious plans to reach 100 stores.
PHIT Act Passes Key House Committee Vote, Heads to Full House For Vote
The top congressional tax committee, the U.S. House of Representatives Committee on Ways & Means, approved the Personal Health Investment Today (PHIT) Act, by a vote of 28-6. The PHIT Act was passed through the committee, and will be part of a larger package of health savings account (HSA) reform measures that the full House will vote on later this month.
RECALL: Burton Snowboard Boots
About 4,800 pairs of Burton Step On snowboard boots are being recalled. The boots can release from the binding unexpectedly, posing a fall hazard to the user.
NFL Announces Winners Of HeadHealthTECH Challenge IV
FieldTurf, Corsair Innovations and Yobel Technologies all received grants in the latest round of the TECH Challenge series.
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