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
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Perry Ellis Dismisses Buyout Talk
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
Foot Locker’s Hot Streak Continues
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
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
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
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
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.”..
Report: Puma Close to Signing Rihanna
Puma is close to signing superstar singer Rihanna to a major deal to design footwear and apparel, according to a report in the Daily News…
Icebreaker to Open Store in Calgary
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Nike Launches Its First Store Devoted to Women
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
The Buckle’s Q3 Earnings Flat
The Buckle, Inc. reported third-quarter earnings were essentially flat at $40.6 million, or 84 cents per share. Net sales for the 13-week fiscal quarter ended Nov. 1, 2014 increased 1.9 percent…
Nike Pulls Alleged Iverson Shoe
Nike is pulling a shoe after former NBA superstar Allen Iverson, a long-time Reebok sponsor, alleged the shoe was a tribute to him…
Deckers Brands Appoints SVP, EMEA
Deckers Brands appointed Sergio Azzolari to the role of senior vice president, EMEA, starting on Feb. 2, 2015. He had worked for Luxottica Group…
L.C. Industries, Inc. Changes Name
L.C. Industries, Inc., the travel and outdoor accessories company, has changed its name to LCI Brands…
Report: Nike Doubles Headquarters-Expansion Plans
Nike is planning to doubling the size of the headquarters-expansion project originally set two years ago, according to The Oregonian. Revised plans call for the building of two office buildings and two parking garages on the northeast side of its World He