Nike Chairman Phil Knight to Step Down

Phil Knight, the co-founder of Nike, has called time on a more than 40-year career as chairman of the sportswear company. Nike said on Tuesday that Knight has recommended that Mark Parker, the company's chief executive, should succeed him as chairman

Guardian Sports Announces Sponsors

Guardian Sports said HEX Performance, athletic apparel and gear detergents, and The Art of Lax have signed on as sponsors for the 2nd Annual Guardian National Championships…

OBIT: Fleet Feet Savannah’s Robert Espinoza

Robert Espinoza, owner of Fleet Feet Sports Savannah, has passed away suddenly of an undisclosed cause. In a statement, Fleet Feet Sports said, “Robert made an undeniable impact on the local community since opening his doors in 2002. He embodied wha

Obama Signs Trade Legislation Into Law

President Barack Obama signed into law Monday the Trade Preferences Extension Act of 2015 and Bipartisan Congressional Trade Priorities and Accountability Act of 2015 pass by Congress last week…

Pentland Brands Expand 14 Percent in 2014

Pentland Brands, owner of the Berghaus, Speedo and Ellesse labels, reported it had a strong year, thanks to continued international growth of Pentland’s portfolio of brands in sports, outdoor and fashion…

Did VF Corp. Just Anoint Their Next CEO?

Steve Rendle took a step closer to being named the top executive at VF Corp. last week when he was promoted to president and COO and became only the second member of the company's senior management team elected to the company's board of director

Rawlings Exits Football Helmet Category

Rawlings, owned by Jarden Corp., has decided to discontinue its football helmet and shoulder pad business five years after returning to the category. Production will end this year…

Yue Yuen’s Q1 Revenues Expand 7 Percent

Yue Yuen, the world's largest manufacturer of athletic shoes, reported sales accelerated 7.3 percent in the first quarter ended Mar. 31, to $1.97 billion. By category, athletic shoes grew 3.8 percent to $908.1 million although the biggest gain for th

Asics America Ends Relationship with Retail Licensee

Asics America announced that it had terminated its retail operating agreement with Windsor Financial Group LLC effective immediately. The agreement, in place since May 2012, was terminated following undisclosed “material breaches” of that agre

Nike Delivers Blockbuster Q4

While the strengthening dollar continued to weigh on revenue growth and future orders, Nike Inc. reported a better-than-expected profit for the eighth quarter in a row and lifted its revenue guidance for its current fiscal year…

RECALL: 133,000 Lululemon Tops

Lululemon Athletic Inc. is recalling 133,000 women's tops because when the elastic draw cord with a hard tip in the hood or around the neck area is pulled or caught on something and released, it can snap back and impact the face area and result in in