The Stride Rite Corporation looked to their fiscal fourth quarter to reverse of number of negative trends for the year, but still see some issue in their base children’s business and don’t expect to see Keds post growth until the back half of the current
Author: SGB Media
adidas/Reebok Factories Shut Doors in Indonesia…
Two Korean-owned, Indonesia-based factories, PT Dong Joe Indonesia and PT Spotec, which produced footwear for adidas and Reebok, closed last year following financial difficulties and the owners leaving the country, according to sources at adidas. Both sup
Industry Companies on Fortune’s Best to Work for List…
Timberland, Nike, REI and W.L. Gore all landed spots on Fortune’s annual “Top 100 Companies to Work For” list. W.L. Gore, REI and Timberland have been included in the list every year since its inception in 1997 while Nike first appeared on the list last y
Moretz Snags First Under Armour Licensee of the Year Award..
Moretz Sports, which manufactures performance socks for Under Armour, has won the Under Armour 2006 Licensee of the Year award. This is the first such award for licensees from Under Armour, Inc.
Anvil Debt Holders Take 99% Stake in Company…
Anvil Holdings, the parent company to Anvil Knitwear, has completed a financial restructuring of its capital structure that effectively eliminates approximately $200 million in debt and preferred stock in exchange for new equity and warrants. The company
VF Corp. May be Moving Closer to Deal for Majestic…
VF Corp. is apparently inching closer to a deal to a acquire Majestic Athletic. While both parties have been mum about a deal since the story first surfaced in a Sports Business Journal article in December, a spokesperson for VF Corp. confirmed Friday tha
Delta Apparel Issues Warning on Q2 and Full Year Results…
Delta Apparel, Inc., which also presented at the ICR XChange, said it expects fiscal second quarter revenues to be approximately $72 million to $73 million, down from its prior guidance of $74 million to $78 million. Earnings are now expected to be in th
Brine Extends Sponsorship of Syracuse Men’s Lacrosse
Brine has signed an agreement with Syracuse Men's Lacrosse to continue a long-standing relationship as the team's official equipment supplier. Brine has provided the Syracuse Orange with lacrosse gear for the past twenty-five plus years…
Rab to Enter U.S. Market
Rab, a British manufacturer of technical mountaineering garments, gear and accessories, is entering the U.S. outdoor market in 2007. Rab was established by Rab Carrington in 1981, an alpinist, climber, and author of numerous first ascents around the world
Aravon Hires New Asst. Product Developer
Aravon announces the addition of Sarah Smith as Assistant Product Developer. Smith comes to the brand with a background in Textiles, Fashion Merchandising and Design. As Assistant Product Developer, Smith will contribute to the development and design of
Blademaster Inks Deal with USA Hockey
USA Hockey and Blademaster inked an agreement that will make Blademaster the exclusive supplier of ice hockey skate sharpening systems and inline skate servicing systems to USA Hockey until 2010…
OIA Chooses Award Finalists
Outdoor Industry Association has chosen the finalists for the 2007 Outdoor Industry Ambassador Award and Outdoor Industry Innovator Award, as nominated by the outdoor industry and then selected by OIA’s Board of Directors. The award winners will be announ
SIA Goes Green
At the upcoming SIA.07 SnowSports Trade Show, attendees will notice SIA stepping-up their environmentally friendly practices throughout the show and looking to SIA members to do the same at home and work. Realizing the importance of the environment on a
Forzani Holiday Comps Impacted By Warm Eastern Weather
The Forzani Group Ltd. Holiday Season corporate same store sales were up 0.5% as strong sales in Western Canada were offset by decreases in Eastern-based stores, which were impacted by unseasonably warm weather. In the franchise business, predominantly lo
Hat World Closes Hat Shack Acquisition
Genesco Inc.'s Hat World subsidiary has completed the acquisition of all the outstanding stock of Hat Shack, Inc. for a purchase price of $16.6 million, after preliminary closing adjustments anticipated in the purchase agreement, funded from cash on
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