Pacific Sunwear of California, Inc. responded to the press release and latest correspondence received from Adrenalina regarding a proposed merger. In a letter to Adrenalina's management, the surf-inspired retailer asserted that it planned to stick wi
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Amer Sports Cuts 2008 Profit Forecast
Amer Sports said sales during November and December have been below expectations and consequently the company will not reach its EBIT (excluding one-off items) guidance of €80 to €90 million ($108 to $121 million) in 2008. Amer Sports expects its full-yea
Peter Mangione to Step Down as President of FDRA
The Footwear Distributors and Retailers of America (FDRA) announced that Peter Mangione will be stepping down as president of the association. According to a statement, Mangione, president of the organization since 1981, will assist the organization in re
Arena Football League Cancels 2009 Season
The Arena Football League has canceled its 2009 season, but the indoor football league, which has struggled financially for several years, said it plans to resume play the following year. The AFL said its board of directors voted on Sunday night to suspen
REI Partners with Zumobi to Provide Instant Ski Resort Conditions
REI has teamed with mobile software company Zumobi to launch the REI Snow Report, an application for iPhone, BlackBerry and Windows Mobile that gives users instant information on ski conditions at resorts in the U.S. and Canada…
Puma to Sponsor Women’s Pro Soccer League
Puma signed a deal to sponsor the Women's Pro Soccer League, which is being launched in April. The three-year deal calls for Puma to pay roughly $10 million to become the official equipment supplier to WPS. Puma will have its name and logo on the lea
Adidas Cancels German Swimming Contract
Adidas canceled its contract with the Germany swimming federation after athletes complained that its suits were not competitive. Several swimmers wearing Speedo's LZR Racer suit have broken world records…
Crocs Hires Global Creative Director
Crocs, Inc. said Charlie Johnson has recently filled the newly created Global Creative Director position. Chris Ladd was appointed VP of Global eCommerce…
Jarden Sees Q4 Sales Below Street Estimates
Jarden Corp., the parent of K2, expects to report fourth-quarter revenue of about $1.3 billion and 2009 revenue of more than $5 billion. The Rye, N.Y.-based consumer-products company said it will not provide guidance below the revenue line, but believes t
G3 Genuine Guide Gear Partners with Sylvain
G3 Genuine Guide Gear announced a partnership with ski designer Francois Sylvain. Previously the lead designer of Line and Karhu skis, and most recently a consultant for K2, Francois comes to G3 with more than ten years of extensive ski design, constructi
VF Corp. Names President of International
VF Corporation elected Karl Heinz Salzburger as a corporate vice president, effective Jan. 4. He has also been promoted to president – VF International and named a member of VF’s Operating Committee. His former title was president – VF EMEA and Asia. Salz
PacSun Division President Resigns
Pacific Sunwear of California, Inc. announced that Thomas M. Kennedy, division president of PacSun, has resigned his position with the company to pursue other interests. Kennedy's responsibilities are expected to be reassigned to members of the comp
Nanotechnology Firm Aculon Names CEO
Former TaylorMade-adidas Golf executive Edward Hughes has been appointed CEO of nanotechnology company Aculon, Inc. Hughes most recently served as founder and CEO of PowerMetal Technologies, a manufacturer of advanced nanotechnology-enabled products and s
Marc Ecko Looking to Buy MMA Properties
According to iguillotine.com, Marc Ecko Enterprises is the leading bidder for ProElite, Inc., which produces MMA shows and owns the EliteXC MMA brand. The article claims MEE hopes to inherit ProElite’s television contracts with both CBS and Showtime…
Nau Donates 10% of Sales to Partners for Change
Nau, a subsidiary of Horny Toad, plans to donate 10% of every sale made through its website, nau.com, to its non-profit Partners For Change. Called “Gifts Of Change,” this initiative aims to raise both awareness of and funds for the work being done by the
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