Retailers Win Debit-Card Swipe Fee Battle

Members of the House and Senate announced an agreement to include debit-card fee cuts in the final version of the financial-overhaul bill. Retailers have long sought to reduce the “swipe fees” that credit-card companies charge merchants for every debit-ca

Adidas Names Creative Director for Adidas Sport Style

Adidas said it hired Dirk Schonberger as creative director of the Adidas Sport Style Division. He will lead the creative direction for Adidas' various divisions that target the lifestyle and fashion consumer, namely Y-3, Originals, Adidas SLVR, Porsc

PEP Grant Applications Now Being Accepted

The U.S. Department of Education is now accepting Carol M. White Physical Education Program (PEP) grant applications for the upcoming school year, according to the Sporting Goods Manufacturer's Association. It is estimated that nearly $40 million wil

Labor Unrest Shuts 700 Apparel Factories in Bangladesh

About 700 garment factories in Bangladesh were shut Tuesday after days of violent protests by tens of thousands of workers demanding better wages. The news is likely to undermine confidence in the country's ability to replace China as a low-cost sour

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