Thomas J. Ryan | Page 258 | SGB Media Online

Finish Line Unveils Tech Store in The Mall at Millenia

November 21, 2014 SGB Update

The Finish Line, Inc. announced the grand opening of its newly revamped store within The Mall at Millenia in Orlando to include an enhanced in-store experience and the addition of the latest Nike Track Club shop-in-shop. The brand will also host several e

FiveFingers Lawsuit Draws More Than 150,000 Claims

November 21, 2014 SGB Update

According to court documents, 154,927 claims were received in the class action suit against Vibram USA, representing 279,570 pairs of FiveFingers. The lawsuit, filed two years ago and recently settled, alleged Vibram used unsubstantiated claims about the

Sheex Sues 37.5 for Patent Infringement

November 21, 2014 SGB Update

Sheex Inc. sued Cocona Inc. for patent infringement, alleging that its Sleep 37.5 sheets infringe on two patents Sheex received in 2013 to protect inventions it developed through years of research and development. In response, Cocona told Sports Executive

Perry Ellis Dismisses Buyout Talk

November 21, 2014 SGB Update

Perry Ellis International, the parent of several major golf brands and the Nike swim licensee, showed progress in its turnaround efforts, slashing its loss in the third quarter amid continued sluggish sales. But the apparel conglomerate spent much of last

Billabong’s U.S. Business on the Rebound

November 21, 2014 SGB Update

At its annual meeting last week, Billabong International Ltd. said U.S. sales are returning to growth for its flagship brand, Billabong, and reaccelerating for RVCA. For the Billabong brand, wholesale sales in the U.S. for the fiscal first quarter ended S

Foot Locker’s Hot Streak Continues

November 21, 2014 SGB Update

Led by robust sales across its Jordan portfolio as well as in marquee basketball footwear and lifestyle running product, Foot Locker Inc.’s earnings rose 15.4 percent in the third quarter, to $102 million, or 82 cents a share. On a conference call w

GoPro to Raise $97MM in Stock Sale

November 21, 2014 SGB Update

GoPro, which went public on June 26, is expected to raise $96.5 million before underwriting expenses through the sale of 1.29 million shares in a secondary offering. The offering was priced last Thursday at $75 a share…

Jay Leno Cancels SHOT Show Performance

November 20, 2014 SGB Update

The National Shooting Sports Foundation (NSSF) in a statement said it was “clearly disappointed” that Jay Leno has cancelled his performance at the upcoming SHOT show in Vegas. On Tuesday, several gun violence-prevention groups called on the comedian to

Perry Ellis Trims Q3 Loss Amid Shareholder Revolt

November 20, 2014 SGB Update

Perry Ellis International, which is being pressured by at least two of its largest shareholders to consider breaking up, reported it cut its losses sharply in the third quarter on a 5.3 percent decline in revenue. In its earnings release, and a separate l

Cocona Claims Sheex’s Lawsuit Without Merit

November 20, 2014 SGB Update

Responding to Sheex Inc.'s patent infringement lawsuit, Cocona Inc., the maker of 37.5 technology, said it “can state in unequivocal terms that the lawsuit is wholly without merit, and we do not believe that Cocona has infringed on these patents.”..

Nike Launches Its First Store Devoted to Women

November 20, 2014 SGB Update

Nike opened its first store dedicated to women. The 6,000-plus square-foot location in the Fashion Island lifestyle center in Newport Beach, CA also features an in-store studio for group or personal fitness training sessions – the first in a U.S. Nike ret