Sports Direct Profits Plunge 91%

Sports Direct, the U.K.’s largest sports retailer, saw a 91% drop in full-year profits despite increased sales after the weak pound and investment losses took their toll. The company, controlled by Newcastle United owner Mike Ashley, netted a profit of £1

Potential CIT Bankruptcy Could Rattle Retail

CIT Group Inc., a significant lender to small and medium-size businesses in the retail industry, could be forced into bankruptcy proceedings barring a last-minute deal to renegotiate its sizeable debt load. A bankruptcy threatens to disrupt the flow of m

Antonio Zoli North America Adds VP of Operations

Antonio Zoli North America has hired hiring of Harry “Chuck” Webb III, as Vice President of Operations. Formerly General Manager of Briley Manufacturing, Webb comes to Zoli with deep knowledge of the industry and gunmaking as well as title of Master Gunsm

Victoria’s Secret Expands PINK Collegiate Collection

Victoria's Secret's PINK Collegiate Collection has been expanded to more than 50 colleges and universities. VS PINK launched its co-branded Collegiate Collection in July 2008, which features VS PINK's brand iconography and the names and log

OIA Announces New Board

The Outdoor Industry Association (OIA) Board of Directors ratified its new slate of Directors at Monday’s board meeting in Salt Lake City, Utah…

Wade Makes Move to Jordan Brand; Leaves Converse

Jordan Brand, a division of Nike, Inc., has signed Dwyane Wade to its roster of Team Jordan athletes. Wade joins an illustrious line-up which includes fellow All Stars Derek Jeter, Chris Paul and Carmelo Anthony and others. Wade had been the lead endorser

Dept. of Education Awards $78 Million in PEP Grants…

The Department of Education announced the recipients of $78 million in Carol M. White Physical Education Program (PEP) grants. New PEP grants totaling $26.5 million will be distributed to more than 140 school districts and community based organizations ac

Riddell Inc. to Face Jury Trial in Heat Stroke Case

A federal judge in Ohio last Monday concluded that Riddell Inc. had a duty to warn former Minnesota Vikings offensive lineman Korey Stringer that its helmets and shoulder pads could contribute to heat stroke when used in hot conditions. Stringer died nea

Former Burton President Becomes Spyder and Cloudveil CEO

Spyder Active Sports hired Thomas McGann as the company’s new chief executive officer. McGann comes to Spyder Active Sports, also the parent company for Cloudveil Mountain Works, with decades of executive experience, including serving as president of Burt

Play It Again Sports Parent Posts Profit Gain

Winmark Corp., the parent of Play It Again Sports, reported net income increased 28.1% in the second quarter to $1.2 million, or 22 cents a share, from $930,500, or 17 cents, a year ago. Sales were virtually flat at $8.8 million versus $8.7 million a year