Yue Yuen Industrial Ltd., the China footwear manufacturing giant that makes footwear for many key athletic brands, reported net income declined 2.0% to $108.5 million in the second fiscal quarter ended March 31 and revenues inched up 1.8% to $1.19 billio
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Smith and Wesson Buys Universal Safety Response
Smith & Wesson Holdings Corp said it would buy privately held Universal Safety Response Inc (USR) in a cash and stock deal, for up to $26.2 million to enter the rapidly growing perimeter security market…
Erke Becomes Apparel Sponsor for Shanghai ATP Masters 1000
Erke, the Chinese tennis apparel company, has reached an agreement to become the designated apparel supplier for Shanghai ATP 1000 matches during 2009-2013. The Shanghai ATP Masters 1000 tournament, which will occur around October each year, is second onl
TEKO Becomes Official Sock of Outdoor Retailer
TEKO has been named the official sock of the Outdoor Retailer Show. As part of this three-year agreement, TEKO will provide socks to buyers and media attending each show. A TEKO booth will be set up at the main entrance to the convention center where indi
Jimmy Jazz Adds Two Stores in North Carolina
Jimmy Jazz will be adding two more stores in the state of North Carolina to bring its total number of stores in the state to seven. The new locations will be opening on June 18th at Carolina Place Mall in Pineville and Charlotte’s Northlake Mall. Since th
Diamondback’s Marketing Coordinator Leaves the Company
Diamondback, the manufacturer of BMX, road and mountain bikes, said its marketing coordinator Trevor Knesal has exited the company. He had been with the company in that role since 2001…
President Obama to Create New Office of Youth Sport
President Barack Obama is forming a White House Office of Olympic, Paralympic, and Youth Sport. The office will promote the values of the Olympic movement and encourage increased youth participation in athletics…
Active Ride Shop Sold to Florida Investment Group
Active Ride Shop, which is reorganizing in Chapter 11 proceedings, is being acquired by a group of Florida-based investors for $5.2 million. A limited liability company called Active Sports Lifestyles USA, run by real estate and hotel developer Issa Ladha
REI Praises Obama Administration’s Outdoor Efforts
REI praised the Obama Administration's move to waive fees at National Parks on select weekends this summer – including this Father's Day – and President Obama's declaration of June as Great Outdoors Month…
Skier Visits to Utah Down 6.5% This Year
The Utah ski and snowboard industry closed the 2008-09 winter season with a total of 3.97 million skier days, down 6.5% from last year’s fifth consecutive record breaking year at 4.2 million. The Utah region’s decline was attributed to a strong and early
Columbia Sportswear Plans Return to Outdoor Retailer
Columbia Sportswear Company and Outdoor Retailer announced that Columbia plans to return to the main floor exhibition area at the Outdoor Retailer Summer Market show with a new 4,000 square foot exhibit. Columbia's booth, organized around the three p
Eli Lilly CEO Joins Nike’s Board
Nike Inc. appointed John Lechleiter, Ph.D. to its board of directors. Lechleiter, 55, is chairman, president, and CEO of Eli Lilly and Company, the Indianapolis-based global pharmaceutical company with over $20 billion in revenue…
Little Hotties/Yaktrax to Sponsor U.S. Ski/Snowboarding Team
Little Hotties and Yaktrax, both owned by Implus Footcare, have signed on as sponsors of the U.S. Ski Team and U.S. Snowboarding. Little Hotties will provide the athletes, volunteers, media and support staff with products as the exclusive supplier of hand
Diadora to be Sold to Geox Chairman
Diadora SpA said Wednesday it had reached an agreement for Geox SpA's founder and Chairman Mario Moretti Polegato to buy all Diadora's assets through his investment arm, Lir. Terms were not disclosed…
Recall: JGR Copa Body Boards
About 900 18-inch body boards, manufactured in China and imported by JGR Copa LLC of Hollywood, FL., were recalled because portions of the surface coating contain high levels of lead. iNo injuries have been reported…
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