Bauer Hockey has acquired Mission-ITECH Hockey, the manufacturer of goal equipment, protective apparel and facial protection. Bauer said the purchase strengthens its overall position in the marketplace and is part of the overall growth and investment stra
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Nike’s Q1 Revenues Jump 17%; Future Orders Up 10%
Nike Inc. reported first-quarter revenues grew 17% to $5.4 billion, compared to $4.7 billion for the same period last year. Changes in currency exchange rates increased revenue growth by 7 percentage points for the quarter. Worldwide futures orders for at
RECALL: Igloo Coolers
Igloo Products Corp. has voluntarily recalled about 7,200 coolers because sharp latch edges could cut consumers, the U.S. Consumer Product Safety Commission said Wednesday. The agency said Igloo received eight reports of consumers getting cuts that requir
Sportfishing Summit Moving to Denver
Sportfishing Summit said it is negotiating with several properties in Denver since holding its summitt in Galveston “is no longer feasible.” The organization also said that given the circumstances, it is scaling back its annual meeting for this year to fo
NexCen Brands Reports Strong Franchise Growth
NexCen Brands, Inc., the parent of The Athlete's Foot, said it expects to report revenues from continuing operations of its franchise business of approximately $12 million in the second quarter of 2008 compared with $4.7 million in the second quarter
Collective Brands Reaffirms Guidance
Collective Brands Inc. reaffirmed its comparable store sales for the fiscal year, while providing details of the impact from Stride Rite's acquisition. The Topeka, Kansas-based footwear and related accessories retailer confirmed its same store sales
Hanesbrands To Lay Off 720 Workers, Close Two Plants
Hanesbrands, the parent of Champion, announced plans to lay off 720 employees due to the closing of two facilities in Eden, N.C. About 120 workers at a yarn plant would be let go at the end of 2008 and 600 would be laid off at the fabric textile plant at
Report: Former Kellwood Exec Becomes Lacoste CEO
CEO Robert Skinner, former CEO Kellwood Corporation, is expected to take over as CEO of Lacoste USA this fall, according to the New York Post. He will replace chairman and CEO Robert Siegel, 71, who plans to retire…
Nike Launches $5B Stock Buyback Program
Nike Inc. announced that its board of directors had approved a new four-year, $5 billion program to repurchase shares of Nike’s Class B Common Stock. The new program will commence upon the completion of the company’s current $3 billion share repurchase pr
Gap Inc. Acquires Athleta for $150M
Gap Inc. has agreed to acquire Athleta Inc., the women’s sports and active apparel catalog company based in Petaluma, CA, for about $150 million in cash. The Gap said the acquisition will allow it to enhance its presence in the growing $31 billion women’s
Academy Sports Kicks Off National Ad Campaign through VYPE
VYPE signed its first national advertising contract with Academy Sports and Outdoors to provide targeted advertising in eight regions across the U.S. Through VYPE’s locally produced magazines and websites, Academy will reach key market demographics with f
Asics Opens First UK Store
Asics plans to open its first UK store, on London’s Argyll Street, W1, in October as part of a global rollout of flagship stores…
ITF and Wilson Expand Partnership
The ITF and Wilson Racquet Sports have extended their sponsorship agreement to include Wilson as the Official Ball of Davis Cup, Fed Cup and other ITF initiatives in a multi-year deal. Wilson has been involved in Davis Cup since 2002…
Neville to Become CEO of Boathouse Sports
Shawn Neville, former president of Keds, has agreed to join Boathouse Sports, the performance-fabric team uniforms manufacturer, as its CEO, SportsOneSource has learned. The company, based in Philadelphia, currently produces team uniforms for eight sport
Nike to Pull Out of Competitive Swimwear
Nike Inc. on Monday confirmed that is pulling out of the competitive swimsuit market because the sport is not part of its long-term strategy. A spokesman said, “We will continue to supply coaches and collegiate institutions under Nike sponsorship with com
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