OIA: Outdoor Sales Up 12% in May

Total outdoor product sales in the United States reached $449 million in May, up 14% in units and 12% in dollars over May 2007, according to Outdoor Industry Association's Outdoor Topline Report. May marked the fifth straight month of overall sales g

Finish Line Reinstates Quarterly Dividend

The Finish Line, Inc. has reinstated the quarterly cash dividend program with a 20% increase to 3 cents per share of Class A and Class B common stock. The first quarterly cash dividend will be payable on Sept. 15, to shareholders of record on Aug. 29. The

Tandem Shareholders Asked to Pay off Deficit

Two months after reporting a 70% increase in profits, Tandem Group plc, is asking shareholders to let it use $10.6 million set aside to pay dividends and fund stock buybacks to pay off its deficit. The British maker of bicycles, golf gear, toys and other

Ever-Glory to Start Trading on AMEX Wednesday

Ever-Glory International Group, Inc. said its Chairman and CEO Edward Yihua Kang has been invited to ring the opening bell at the American Stock Exchange at 9:30 a.m. EDT on Wednesday, July 16, 2008, to celebrate the listing of the company on the exchange

Lorpen, Lenzing Ink Exclusive Supplier Deal

Lenzing AG has become its exclusive supplier of Lyocell and modal fibers for Spanish sock maker Lorpen’s 2009 sock collection. Lenzing will provide three fibers for Lorpen – Tencel, Lenzing Modal and MicroModal. Tencel is made of eucalyptus wood, whle Mod

Steve and Barry’s Implodes as Model Fails

Steve & Barry's filed for Chapter 11 bankruptcy protection last week and now faces the daunting task of finding a buyer by July 31 or facing a full liquidation. Many retail experts attributed its collapse to a precarious business model built on sweet

Sports Direct Still Singing England National Team Blues

Sports Direct International Plc. UK reported a decrease of 29.9% in full year underlying earnings. The discount sports retailer does not predict the trend to change in the new fiscal year citing the worst current trading conditions it has experienced in t

Lotto Gets Boost from Addition of Brazil Licensee

Lotto Sport Italia S.p.A closed 2007 with total sales of €300 million ($411 million), an 8% increase over their 2006 results. Driving this growth was Lotto Sport Italia’s’ new licensing agreement with Filon Confecções Ltda. of Brazil…

Olympic Swimmer Countersues TYR

Olympic medalist Erik Vendt filed a countersuit against TYR sports, which had filed a breach of contract claim against him for switching to Speedo's LZR Racer swimsuit…