Nike announced that shareholders of Umbro plc approved their merger. Pending the Court hearings and final regulatory approvals, Nike’s wholly owned subsidiary, NIKE Vapor Ltd., expects to complete the acquisition in early March. Mark Parker, president and
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Beyond Coastal and Chums-Chisco Merge
Beyond Coastal Sun Care and Chums-Chisco, have merged. With the merger, Beyond Coastal founder Shawn Biega will continue as an integral part of Sales and Marketing with Chums-Chisco. In addition, retailers will now be able to get more high margin, low cos
Royal Elastics Opens Flagship Store in Santa Monica
Royal Elastics, which is owned by K-Swiss, opened its first U.S. retail store in Santa Monica. Royal Elastics was founded in 1996 in Australia, and now has 10 retail stores in Asia. The success of the Asian stores inspired Royal Elastics to open in the U.
Russell Partners with NCAA Football
Russell Athletic has entered into a three year partnership agreement with NCAA Football to become the “Official Supplier of NCAA Football Youth Products.” As part of the deal, Russell Athletic has exclusive rights to utilize NCAA Football trademarks on pr
Eddie Bauer Announces Management Appointments
Eddie Bauer Holdings, Inc. said Tony Krohn, formerly of The North Face, has joined the retailer as Divisional Vice President of Research, Design and Development for Outerwear, Activewear and Gear. At the same time, Joe Moji joins the Company as Divisional
Collective Brands Reviews Media Agencies for Payless and Stride Rite
Collective Brands, Inc. announced that it is conducting a closed search for a new media planning and buying agency for the Payless ShoeSource and Stride Rite units. The new agency will be responsible for the media planning and buying for Payless' US
Clarks Introduces Kids Footwear in the U.S.
The Clarks Companies N.A. announced the market launch of its kids' footwear brand, Clarks kids. Already established in Europe, Clarks kids retains a brand share by volume of 27.4% in the UK market…
Garmin to Sponsor Slipstream Cycling Team
Garmin International Inc. announced its sponsorship of Slipstream Sports LLC, an elite cycling team. Slipstream cyclists will train with the Edge 705, the newest GPS-enabled cycling computer in Garmin's line of fitness products. Slipstream's sup
SmartWool Names Sullivan as Agency of the Year
SmartWool Corporation said it had chosen the Sullivan Agency as the 2007 Agency of the Year. Stated Mark Satkiewicz, SmartWool vice president of sales, “They have a seasoned coach, a fantastic point person to handle the details of their business around or
Nautilus Cancels Acquisition of China Factory
Nautilus Inc. said it has canceled plans to buy its largest contract manufacturer in Xiamen, China for $72 million in cash and stock. Nautilus said it likely will have to forfeit the $18.5 million nonrefundable deposit paid Land America Health & Fitness C
LaCrosse Footwear Q4 Profits Rise 8%
LaCrosse Footwear, Inc. reported Q4 sales reached $32.7 million, up 3% from $31.7 million in the fourth quarter of 2006. Net income was $2.4 million or 38 cents per share, up 8% from $2.2 million, or 36 cents, a year ago…
Cabela’s Runs Short of Street Q4 Estimates; Will Slow Expansion Plans
Cabela’s Inc. missed its sales plan for the fourth quarter, blaming a difficult retail climate. CAB plans “to significantly slow retail expansion and focus on improving the profitability of its existing operations.” CAB expects to report a 13.9% increase
Finish Line Youth Foundation Raises $1,044,036
The Finish Line, Inc. concluded its 11th annual holiday fund-raising campaign through its Finish Line Youth Foundation with record results of $1,044,036. From November 8 through December 31, every Finish Line store across the country as well as its websit
Majestic Might Move to Palmer Twp, PA
Majestic Athletic is looking into moving its headquarters to a new facility in Palmer Township in Pennsylvania to consolidate eight other locations. Majestic's current headquarters are in Washington Township, PA…
University of Wisconsin-Madison Cancels New Era Contract
The University of Wisconsin-Madison has canceled a licensing contract with New Era Cap Co., citing allegations of discrimination and anti-union activity at one of its factories in Alabama. The company had made Wisconsin knit caps under the license…
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