Total Apparel Group to Undergo Foreign Stock Transfer

MIT Associates Inc., the provider of tax minimization, asset management and securities servicing, announced their intent to acquire all outstanding shares of common stock of Total Apparel Group Inc., issued in the last few years to overseas investors as p

Nike’s Ambush Marketing Paying off at World Cup

With its highly-popular “Write the Future” ad campaign, Nike is said to be gaining greater awareness around the World Cup than the event's official sponsor, Adidas. Two separate surveys show Nike is emerging as the most recognized company of the Worl

Nautilus Secures New Consumer Financing Program

Nautilus entered into a Private Label Consumer Credit Card Program Agreement with GE Money Bank, effective on June 15 The Program Agreement provides for the terms and conditions under which GE will offer financing to consumers purchasing goods from the c

Alli Sports Acquires Standard Boardshop

Alli Sports, the the NBC- and MTV-owned company behind the Dew Tour, has acquired Standardboardshop.com, the skate e-tailer. It also plans to launch a new e-commerce site called the Alli Shop…

GSI Commerce Appoints Marketing Services Chief

GSI Commerce Inc. announced Bill Mills has joined the company as vice president of corporate development for its Global Marketing Services division. In this newly developed role, Mills will lead the merger and acquisition activities for its marketing serv

Connecticut Trial Explores Whether Cheerleading is a Sport

A federal judge in Connecticut is being asked to decide whether cheerleading should be counted as a sport by schools to satisfy Title IX requirements. The trial stems from a lawsuit filed last year by five members of the volleyball team at Connecticut&#03

China Ends Yuan’s Dollar Peg

China announced this past weekend that it would loosen controls placed on the yuan, ending the two-year-old pegging of the yuan to the U.S. dollar. The yuan is expected to gradually rise against the dollar, raising product costs across many categories…

Adidas Sees Bump in Soccer Sales from World Cup

Adidas AG said it would post record soccer-related sales for the year on the back of the World Cup in South Africa. Adidas said at a press conference in Germany that Its business with soccer products is expected to reap sales of at least €1.5 billion ($

Merrell and Chaco Announce Key Promotions

Both Merrell and Chaco promoted key team members. Chaco will get two dedicated sales managers while Merrell will continue its commitment to outdoor specialty retailers with a dedicated manager overseeing this important channel of distribution…