Avocet Sports Technology, based in Menlo Park, CA, has filed a lawsuit against Amer Sports and its subsidiary, Suunto USA, for infringing on three patents for altimeter devices. The suit seeks monetary damages in excess of $20 million…
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Hanesbrands Announces Board Changes
Hanesbrands Inc., the parent of Champion, announced membership changes to the company's board of directors, the establishment of a lead director position, and the completion of its planned spinoff leadership succession. Charles W. Coker, 75, will ret
Golfsmith Appoints COO
Golfsmith International Holdings, Inc. appointed Sue E. Gove as its EVP and chief operating officer. Most recently, Gove was an independent consultant but had previously served in the same role for Zale Corp., the jeweler. She will initially oversee finan
Cabela’s Closes $200 Million Securitization
Cabela’s Credit Card Master Note Trust completed the sale of $200 million in Asset-Backed Notes, Series 2008-IV…
NexCen Sells Waverly to Iconix
NexCen Brands Inc., the parent of The Athlete's Foot, agreed to sell its Waverly furniture business to Iconix Brand Group Inc. for $26 million in cash. NexCen, which in May expressed doubt about its ability to continue as a going concern, has cut job
Scheels Opens Largest Store
Scheels opened its largest store on Saturday, and what it's calling the world's largest sporting goods store. The 295,000-square-foot Scheels at The Legends at Sparks Marina, Nev., a city of 90,000 near Reno…
JJB Sports Warns on FY Profit, Cuts Dividend
JJB Sports Plc warned on full-year profit after slumping to a first-half loss and axed its dividend for shareholders. The company said it expects underlying pretax profit for the year ended January 2009 to be about 15 million pounds ($27.6 million), down
Yue Yuen Profits Benefit from Olympics
Yue Yuen Industrial (Holdings) Ltd. boosted nine-month profit 56%, helped by the sale of a stake in a retail unit and increased demand ahead of the Beijing Olympics. Net income climbed to $438.1 million in the nine months ended June 30 from $281.5 million
Nike Foundation Supports Liberia’s Girls Initiative
The Nike Foundation will help fund the Adolescent Girls Initiative, a public-private partnership between the World Bank, the country of Liberia and the Nike Foundation. Launched at the World Bank on Oct. 10, the program aims to increase economic opportuni
Amer Sports Acquires Bulgarian Ski Supplier
Amer Sports Corp. has acquired all the ski manufacturing assets of its long-term Bulgarian subcontractor, Pamporovo Ski, and as a result has assumed full control of its operations. The price paid for all the acquired assets is approximately €5 million($7.
The Finish Line Swings to Q2 Profit; Comps Up 4.7%
The Finish Line reported net earnings from continuing operations jumped 91% in its second quarter ended August 30, to $13.2 million, or 24 cents a share, from $6.9 million, or 14 cents a year ago. Sales increased 3.9% to $353.3 million from $340 million f
West 49 Posts 1.3% BTS Gain
West 49 Inc. reported modest sales gains for the back-to-school period. The Canadian action sports retailer said sales at stores open for at least one year rose 1.3 percent in the five weeks ended Sept 13, with 1.1 percent growth from its core West 49 ban
RECALL: Razor Ride-on Vehicles
Razor USA LLC is recalling about 30,000 Dirt Quad electric powered ride-on vehicles. The control module for the throttle can fail and cause the electric ride-on vehicle to unexpectedly surge forward, posing a risk of injury to the user or a bystander…
Under Armour Signs First Basketball Shoe Endorser
Under Armour announced a multi-year partnership with basketball player, Brandon Jennings, who becomes the brand's first basketball shoe endorser. Jennings, who played at Oak Hill Academy high school last year, recently signed with Pallacanestro Virt
Cabela’s Plans to Open Smaller Stores
Cabela's Inc. told investors Tuesday that it plans to open slightly smaller retail locations in the future. Speaking at the Thomas Weisel Partners Consumer Conference in New York, CEO Dennis Highby said new stores will follow three size formats rangi
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