Johnson Outdoors Inc. has reached a settlement agreement with Confluence Holdings Corp. that will end a long-standing intellectual property dispute between the two companies. While the terms of the agreement are confidential, the settlement does not const
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
Wolverine World Wide Sees Another Strong Performance from Outdoor Group…
Wolverine World Wide continues to rely on its Outdoor Group and its licensing business in its Heritage Brands Group for the majority of quarterly revenue gains while the Bates military business is showing more weakness in the face of slow government order
adidas CEO Anticipates Record Year in 2008…
In an interview with German daily newspaper, Die Welt, adidas’ chief executive, Herbert Hainer, commented that the rumors of a takeover by Nike are completely unfounded. 2008 “will be a record year,” according to Hainer as soccer revenue alone should exce
Lululemon Shrinks IPO Offering…
Lululemon Athletica Inc. said in a filing on Friday that it is shrinking the size of its initial public offering by nearly 10%, to 16.4 million shares from 18.2 million. The investors plan to sell 14.1 million shares, down from an earlier plan for 15.9 mi
Sports Direct buys U.K. Retailer, Field and Trek
Sports Direct has acquired a 60% interest in U.K. outdoor clothing and equipment retailer Field & Trek for £5 million ($10 mm.) The U.K. sporting goods chain also has an option to acquire the remaining 40% in the next five years for an additional £5 milli
SIMA Reports Surf Industry Sees Double-Digit Growth…
According to the Surf Industry Manufacturers Association (SIMA), the surf industry grew in the mid-teens since 2004. In a third-party research study commissioned by SIMA, Retail Distribution Study, the surf industry grew 14.5% in 2006 to $7.48 billion fro
NSGA: Used Equipment Sales Top $1 Billion…
Consumers purchased $1.01 billion in used sporting goods equipment in 2006, according to a newly released report by the National Sporting Goods Association. For 2005, consumers indicated they had purchased almost $885 million in used sports equipment. Use
adidas Snags Wolverines…
adidas reached a eight-year deal with the University of Michigan to provide footwear and apparel to the school's sports teams in a deal valued at $7.5 million annually, replacing the current Nike, Inc. deal. adidas will begin supplying the Wolverine
Jansport President Corvino Killed in Car Accident…
Michael Corvino, president of JanSport, was killed Saturday in a car accident. Corvino, who was 46 years old, died when he lost control of the 1970 Dodge Charger he was driving, veering off the road and hitting a tree, according to a California Highway P
June Sport Footwear Sales Growth Accelerates on Promotional Increases…
The month of June presented a mixed bag of results for the sporting goods and athletic footwear and apparel markets as retailers in the mall turned up the heat on the promotional fire in footwear and apparel to drive growth towards the back end of the mon
RECALL: Sport Maska Goalie Masks
Sport Maska Inc., the hockey equipment unit of Adidas AG, recalled 1,325 facemasks in the U.S. and Canada because they failed quality-control tests. Sport Maska said it hasn't received any reports of injuries from the FM5K masks, which were sold in M
John Connolly Comes Out of Bozeman with a New Footwear Brand…
While the outdoor industry has seen more than its fair share of strong footwear start-ups over the last few years, many footwear veterans feel there is still room for more. This year, Obôz will be the next new footwear line to launch in the aisles of OR
Liz Claiborne to Divest prAna
Liz Claiborne is seeking to divest 16 of its 36 brands in an effort to simplify its corporate structure and to reduce overall expenses. The company has been suffering from a down-turn in department store sales. One of the brands Claiborne reportedly plans
Garmont Acquires Life-Link…
Garmont NA has acquired Life-Link Backcountry Travel from its parent company, Life Link International. The terms of the acquisition were not disclosed. Silver Steep Partners served as financial advisor to Life-Link Backcountry Travel. Life Link Internatio
Zumiez Comps Soar Again…
Zumiez Inc. recorded a June sales increase of 48.8% to $31.5 million from $21.2 million last year with another double-digit comps jump. Same-store store sales increased 13.7% for the month on top of a 12.4% in the year-ago period. On a recorded conference
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