Dick's Sporting Goods Inc. reached an agreement to become the official sporting goods retailer of Major League Soccer as well as 10 of the league's 14 teams under terms of a restructured deal. Financial terms of the five-year agreement were not
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Nike Reports Problems At China Factories
Nike Inc. said significant problems remain in working conditions in China and with managers there not meeting Nike's standards. The findings were contained in a supplement to its 05/06 corporate responsibility report released on its website earlier t
Reebok Pays $1MM Fine for Lead Jewelry
Reebok International will pay a record $1 million civil penalty to settle allegations that it imported and distributed charm bracelets that contained toxic levels of lead, the U.S. Consumer Product Safety Commission said. The agency said in March 2006, a
Dick’s to Launch Exclusive Reebok Collection
Reebok International and Dick’s Sporting Goods officially introduced its new apparel partnership, which includes the launch of a men’s and women’s sports apparel collection merchandised via new shop-in-shops throughout all 340 Dick’s stores in the United
Under Armour Relaunches Power in Pink Campaign
As part of its “Power in Pink” campaign, Under Armour is launching the second annual Undeniable Survivor Search in the U.S. and Canada. To help raise awareness of the importance of leading a physically active life in the fight against breast cancer, Under
Report: World Bicycles Market to Reach in Excess of $61 Billion by 2010
According to a report by Global Industry Analysts, the world bicycles market is projected to reach in excess of $61 billion by 2010, growing at a CAGR of 5.28% over the 2001-2010 period. Asia-Pacific, with a share estimated at 47.36% in 2007, is the large
SIA: Snow Sports Sales on Course for 13% Growth this Season…
U.S. snow sports sales for the August through January period grew at 13% and are likely to keep on that track through the end of the season, according to research released last week by Snowsports Industries America…
Zumiez Sees Fourth Quarter Sales Grow, But Expects Tough H1 Ahead…
For the fourth quarter, net sales totaled $126.6 million, an increase of $14.2 million or 12.7%, compared to $112.4 million in last year's fourth quarter. When the additional week from fiscal 2006 is excluded, net sales were up 18.5% in the fourth qu
Dorel Prepares to Pass on Higher Costs…
When Canadian bicycle maker Dorel Industries Inc. declined to provide earnings guidance for 2008 last week, it was not because of concerns over demand, but the rising costs of supplies and Chinese labor, the company’s CFO told analysts. Earlier in the wee
Dick’s Sporting Goods Tempers Outlook on Weather Shifts, Weaker Economy…
Dick’s Sporting Goods Inc. reported that an abundance of cold weather in the fourth quarter slowed comp store sales growth to 2.7% for the period, cutting the golf season short. The same weather pattern is expected to cause first quarter same-store sales
Vail Resorts Overcomes Late Snow By Raising Prices…
Late snow reduced ski visits – not including season pass holders – by 5.3% at Vail Resorts Inc.'s five western ski resorts in the second quarter ended Jan. 31…
City of Chicago Adopts Bicycle Safety Ordinance…
The Chicago City Council passed an ordinance Wednesday that allows the city to fine motorists from $150 to $500 for endangering cyclists. The new fines would apply to motorists caught parking or otherwise obstructing a bike lane, turning left or right in
Trek Founder Dick Burke Dies…
Trek Bicycle Corporation and Milwaukee, Wisc. are mourning the loss of Richard “Dick” Burke, the company’s co-founder and chairman, who died in a Milwaukee hospital last Monday of complications from cardiac surgery. He was 73…
Wilson Launches March Madness Promotion
Wilson Sporting Goods Co., the maker of the Official NCAA Game Ball, launched a “Show Your NCAA March Madness” contest in which fans take their craziest NCAA March Madness photo with an NCAA Wilson basketball for a chance to win $10,000 in Wilson equipmen
New City Sports Owners Plot National Expansion…
City Sports has a new equity partner with big plans to expand the metro specialty sports chain across the nation, a move that may signal the next phase of sports retailing in the U.S. Highland Capital, which acquired an 80% stake in the business and was
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