Gildan Activewear became the latest sporting goods company targeted by class-action securities litigation, but this time the suit actually has a lead plaintiff. Gildan faces the possibility of a $500-million class-action lawsuit over allegations executive
Author: sportsoneauthor
SGMA Survey: Americans Delusional Over Their Health…
Despite widespread concerns over obesity, diabetes and other health issues, most Americans believe they are in better than average health for their age. According to the 2008 SGMA State of the Industry Consumer Survey 53% of men and 47% of women believe t
Traffic Light at SGMA Team Sports and Licensing Shows…
Not so surprisingly, traffic was lighter than many exhibitors were hoping for at the SGMA Team Sports & Licensing Shows held June 9-11 in Last Vegas. But some saleable items emerged in the aisles and business got done. One major overall trend was the cont
Dick’s Sporting Goods Sees Fitness Rebound…
Just a few weeks after saying the company would not meet guidance for the year, Dick’s Sporting Goods Chairman and CEO Ed Stack told investors and analysts gathered at the William Blair Growth Stock Conference in Chicago that its fitness business had turn
Celtics’ Winning Ways Drives Sales…
The much hyped rivalry between the Celtics and Lakers largely lived up to its status at the cash register, according to retail point-of-sale data compiled by SportScanINFO. NBA sales jumped low-teens for the trailing four-week period in dollars with avera
NBA to Open Stores in China…
The National Basketball Association has chosen JuneYao Group to develop 2,000 branded retail outlets across China. The agreement with the NBA will allow JuneYao to sell licensed merchandise in the 2,000 NBA retail stores it plans to open over the next two
Reebok Expands Owned-Retail With Equipment…
Reebok will add a new wrinkle to its owned-retail operations by including equipment in the mix for the first time ever. The company will open its newest retail store at Patriot Place in Foxboro, MA. The new store will represent Reebok’s second full-price
ASR Launches MMA Trade Show…
ASR will look beyond its skate/surf roots and into the octagon with the newest trade show to launch in the past few years as it introduces Virtue: Powered by ASR. Virtue, held across the street from ASR at the new Hard Rock Hotel, will feature lifestyle c
adidas to ‘Significantly’ Exceeds Soccer Goals…
adidas AG said it will 'significantly' exceed its full-year target of posting at least €1.2 billion ($1.8 bn) in soccer-related sales this year, helped by the European soccer championship currently being held in Switzerland and Austria…
Brine Moves to Warrior Facilities in Michigan…
New Balance will be closing its Brine operations in Milford, MA to help consolidate operations and most efficiently utilize resources in its two lacrosse companies. Positions currently held at the Milford facility will be split between the Warrior Lacross
Warnaco Swimwear Relocates to Downtown L.A.…
Warnaco's Swimwear Group, which includes Speedo and Calvin Klein swimwear, plans to relocate its headquarters to downtown Los Angeles from Commerce, CA in September 2008. Warnaco signed a long-term lease for two floors totaling 38,000 square feet of
Sherwood-Drolet Now Under New Ownership and Leadership…
After filing for bankruptcy protection in late May, Canadian hockey equipment manufacturer, Sherwood-Drolet Inc. now has new ownership. Investment firm Carpe Diem Growth Capital has received court approval to purchase all the business assets relating to t
Snow Boosts Hardgoods in First Quarter…
Deep and lasting snow across much of the country restored gear vendors to profitability in the first quarter, but combined with weakening consumer confidence to push retailers into the red. While sales rose about 13% among softgoods and hardgoods vendors
Exxel Outdoors to Join OIA After Trade Flap…
When OIA told Congress last month that they should suspend duties on certain sleeping bags because there were no commercially viable U.S. manufacturers of such bags, Harry Kazazian was quite surprised. Kazazian is the founder and CEO of Exxel Outdoors Inc
Voting Begins on OIA Board of Director Nominees…
Voting began Wednesday and ends at 5 p.m. July 17 for positions on the Outdoor Industry Association’s board of directors. The OIA’s 2008-009 board will consist of 18 voting members and 10 appointed members. The OIA has nominated six incumbents for second
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