Stahls’ Hotronix, a manufacturer of heat press machines for a wide range of applications, recently expanded its production facility located in Masontown, Pa., by 70%. According to director of operations Ben Robinson, this needed expansion will allow the c
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
Asics First Half Bottom Line Impacted by Increased Taxes
For the first half ending September 30, Asics Corp. saw net sales increase 15.1% to ¥95.4 billion ($828.1 million) from ¥82.9 billion ($758.1 million) last year. Gross margin for the company increased 120 basis points to 43.4% of net sales from 42.2% duri
Chaco Names Ragan as Director of Sales
Chaco added Doug Ragan to its senior management team as director of sales. Ragan brings over 25 years of outdoor industry experience to his new post.
In his previous position, Ragan was director of sales, East and International for the Yakima brand. Since
Centerstone Adds Fidra to Escape Client List
CenterStone Technologies, Inc. has added Fidra as a client of its Escape software application for business-to-business (B2B) ordering for Fidra's sales reps. Escape integrates seamlessly with a client’s back office ERP system to completely automate
Heelys Inc. Prices IPO Range in Time for Holidays…
Heelys Inc., perhaps representing one of the few “must have” items for Christmas this year out of the sporting goods industry, took the opportunity of Black Friday to issue a price range on its pending initial public offering of shares. The IPO will cons
Genesco Raises Full Year Guidance Despite Flat Third Quarter Earnings…
Genesco Inc. posted strong results for the fiscal third quarter ended October 28, driven by “excellent performances” at Journeys and Journeys Kidz, Johnston & Murphy, and Dockers. The company expects that the Underground Station business will remain chall
Brown Shoe Raises Guidance on Strong Q3, Back-to-School Gains at Famous Footwear…
Brown Shoe Company saw shares jump more than 17% last week to close at $46.46 on Friday after posting better-than-expected results for third quarter ended October 28 and raising guidance for the full year. “It sure is a great time to be in the shoe busin
Asics Files Suit Against Target and Friends…
ASICS Corporation of Japan and its American subsidiary have together filed two separate lawsuits in the U.S. District Court for the Central District of California for patent infringement. Both suits name Target Corporation as a defendant, while the first
Payless Sees Strong Q3; Will Partner with Nike Inc. on New Women’s Brand…
Payless ShoeSource, Inc. posted a mid-singles increase in both comparable and overall sales during the third quarter. Also at the end of the quarter, Payless announced that it would be partnering with Nike Inc.’s Exeter Brands Group to produce a line of w
Orange 21 Struggles with LEM Acquisition…
During the third quarter, Orange 21 ran into some manufacturing and supply delays at its newly acquired Italian manufacturing subsidiary, LEM, which caused the company to post its first organic sales decline since going public two years ago. Total net sal
Oakley to Acquire Eye Safety…
Oakley has inked a deal to acquire Eye Safety Systems, Inc., a supplier of military, law enforcement, and firefighting protective eyewear. Oakley will pay $110 million in cash for “essentially all of the assets” of the company. Oakley expects the acquisit
Nike Sees Ball Shortage as it Ends Sourcing with Pakistani Factory…
Nike, Inc. will be decreasing the number of hand-stitched soccer balls it brings to market after the factory that it orders the balls from failed to correct “significant labor compliance violations.” The factory, Saga Sports, is based in Sialkot, Pakista
Thule’s SportRack Acquisition Shifts Canadian Distribution…
Following the acquisition of SportRack, which closed in September of this year, Thule decided to end its 25-year relationship with its Canadian distributor, Sport Dinaco. Thule will assume all distribution and sales of Thule products in Canada using its S
Under Armour Named Sponsor of Senior Bowl
Under Armour, Inc. has signed a multi-year title sponsorship agreement with the Senior Bowl. This partnership marks a growing visibility of Under Armour in marketing agreements with football games and leagues after the brannd was designation as an authori
Asics Files Suit Against Target, Mossimo, and Others
ASICS America Corporation and ASICS Corporation Japan has filed two separate lawsuits in the U.S. District Court for the Central District of California, the first against Target Corporation and Mossimo, Inc. and the other against Target Corporation, Blue
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