A federal judge has sentenced a 43-year-old Baltimore man to 2 1/2 years in prison for a stock fraud scheme involving Under Armour. Ronald Bowen was sentenced on mail fraud charges in U.S. District Court in Baltimore, according to the Baltimore Journal. H
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
K-Swiss Opens Store in Taiwan
K-Swiss plans to open its first-ever running retail store in the Tienmu area of Taipei, Taiwan. To celebrate the grand opening, K-Swiss will host a high energy 10K Race in Taipei that has already attracted the maximum capacity of 2,500 runners on Sunday,
Cabela’s Q4 Profits Slide 12.1%; Comps Up 2.2%
Cabela's Inc. earnings fell 12.1% in the fourth quarter to $49.4 million, or 74 cents a share, from $56.2 million, or 84 cents, a year ago. Retail store revenue increased 6.9% to $429.5 million with a same store sales increase of 2.2%; direct revenue
Nike to Build Distribution Center In Jiangsu
Nike Inc. announced plans to invest $99 million to build a new distribution center in the Taicang Economic Development Area, Jiangsu, according to ChinaRetailNews.com. Besides providing support for current needs, the 120,000 square meter warehouse include
Outlast Bolsters Sales and Marketing Team
Outlast Technologies promoted Heather Listoe to Outlast North America Sales and Marketing Director for apparel. Her primary responsibilities will be to generate new business in emerging specialty sports markets including active wear and intimate apparel.
Ortholite Sponsors AHS and RRCA
OrthoLite has signed a sponsorship agreement as the preferred insole partner with American Hiking Society (AHS) and Road Runners Club of America (RRCA). In addition, the company will continue its sponsorship with the American Trail Running Association (AT
Orange 21 Appoints Board Member
Orange 21 Inc., the parent of Spy Optic, appointed Seth W. Hamot to its Board of Directors. Hamot has served as Managing Member of Roark, Rearden & Hamot Capital Management, LLC (“RRHCM”) since 1997 and was the owner of its corporate predecessor, Roark, R
SIMA Celebrates 20th Anniversary
The Surf Industry Manufacturers Association (SIMA), founded in 1989, is celebrating its 20th anniversary. The organizers said education remains a focus as the surf industry heads to Cabo in May for the 12th annual SIMA Surf Summit educational conference.
Puma’s Q4 Profits Decline 79% on Writedowns/Lower Margins
Puma AG said that fourth-quarter profits slid 79% as writedowns on the value of inventories offset higher sales of its shoes, shirts and other equipment. Sales rose 11.3% to €561.3 million ($710.0 million) from €504.5 million ($638.2 million) a year earli
Sports Direct Reiterates Full Year Guidance
Sports Direct International Plc. forecast full-year earnings in line with guidance as it reported a 12% increase in third-quarter sales. The U.K.-based company, which owns the Sports World and Lillywhites stores as well as brands such as Slazenger, Lonsd
McDavid Partners with Inside Lacrosse
McDavid Sports Medicine has partnered with Inside Lacrosse as part of an effort to increase its presence within the lacrosse market. The arrangement with Inside Lacrosse gives McDavid’s HexPad collection of protective apparel an on-field presence at some
Quiksilver Appoints Board Member
Quiksilver, Inc. appointed James G. Ellis to the Quiksilver Board of Directors effective February 13, 2009. Ellis is the Dean of the Marshall School of Business at the University of Southern California. He began his professional career within the Carter H
JanSport Co-Founder Inducted into HS Hall of Fame
JanSport co-founder, Skip Yowell, was inducted into the Great Bend High School Hall of Fame in Great Bend, Kansas. Yowell is one of three honorees to be inducted into the High School’s first Hall of Fame class…
W.L. Gore Recognized for Innovation
W. L. Gore & Associates, Inc., maker of GORE-TEX fabric, has earned a spot on Fast Company magazine’s 2009 “Fast 50” list of the world’s most innovative companies. Gore is ranked No. 30. In its “Fast 50” list, Fast Company magazine highlights three of Gor
Target to Continue Shaun White Line
Target plans to continue its alliance with Shaun White with the return of the Shaun White 4 Target collection. After a successful limited edition line premiere in fall 2008, White and Target decided to collaborate again to produce a fashionable line of ap
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