Yue Yuen Industrial (Holdings) Ltd. boosted nine-month profit 56%, helped by the sale of a stake in a retail unit and increased demand ahead of the Beijing Olympics. Net income climbed to $438.1 million in the nine months ended June 30 from $281.5 million
Category: Footwear
Nike Foundation Supports Liberia’s Girls Initiative
The Nike Foundation will help fund the Adolescent Girls Initiative, a public-private partnership between the World Bank, the country of Liberia and the Nike Foundation. Launched at the World Bank on Oct. 10, the program aims to increase economic opportuni
Wal-Mart Vows to Cut Plastic Bag Usage by 33%
Wal-Mart Stores, Inc. took another big stride in its sustainability efforts when it committed to reduce its global plastic shopping bag waste by an average of 33% per store by 2013. To reach this goal, Wal-Mart will reduce the number of bags given out by
NRF Forecasts 2.2% Holiday Sales Growth
The National Retail Federation forecasted that holiday sales will rise 2.2% this year to $470.4 billion. This gain would fall well below the ten-year average of 4.4% holiday sales growth and would represent the slowest growth since 2002, when holiday sale
Yakima Introduces GE Money Sport Card
Yakima has announced a partnership with GE Money Sport's consumer financing program to provide special financing options for many consumer products and services. With the GE Money Sport Card, participating Yakima dealers will provide customers instan
Construction Starts on Greener Tannery in Vietnam
Construction has begun in Saigon, Vietnam on an ecologically friendly “model factory” for the German/Chinese leather producer ISA Tan Tec. The tannery will emit 35% less CO2 than conventional production facilities. The company said it needs the capacity t
Conservation Alliance Lobbies Congress on Public Lands
Representatives from The North Face, Osprey, The Forest Group, and The Conservation Alliance spent two days lobbying Congress last week to support a bill that includes more than 150 public lands bills. The proposal could go to the Senate floor for a vote
GSI, Timberland Take $7 mm Hit
A federal judge has granted preliminary approval to a $7 million settlement submitted by GSI Commerce Inc., Timberland and a Florida wireless carrier to settle allegations they sent unsolicited advertisements for Timberland products via text messaging in
Amer Sports Sees Tough Q4 Ahead
Amer Sports could see a “challenging” fourth quarter as economic problems from the United States spill over into Europe, a senior company official said. “There are signs of weakening macro economy also in Europe,” said company spokesperson Pekka Paalanne.
Merrell On Track to Be Wolverine’s First $1B Brand
Despite some concerns after the Merrell brand showed a single-digit growth rate in the second quarter, Wolverine still expects Merrell will eventually become the company's first brand to reach sales of $1 billion…
Eastern Mountain Sports Sponsors Conservation Festival
Eastern Mountain Sports plans to host “The Nor’easter powered by Eastern Mountain Sports” Sept. 26-28. The weekend festival will feature rock climbing competitions and clinics along with music from Rustic Overtones and Adam Ezra, among others…
Icebreaker Goes Live with CenterStone’s iVendix
Icebreaker, the New Zealand-based manufacturer of merino wool activewear, has gone live on CenterStone’s iVendix B2B e-commerce application. iVendix will provide Icebreaker’s sales reps and more than 2,000 dealers with a 24/7 on-line ordering solution in
Nike Launches $5B Stock Buyback Program
Nike Inc. announced that its board of directors had approved a new four-year, $5 billion program to repurchase shares of Nike’s Class B Common Stock. The new program will commence upon the completion of the company’s current $3 billion share repurchase pr
Gap Inc. Acquires Athleta for $150M
Gap Inc. has agreed to acquire Athleta Inc., the women’s sports and active apparel catalog company based in Petaluma, CA, for about $150 million in cash. The Gap said the acquisition will allow it to enhance its presence in the growing $31 billion women’s
Neville to Become CEO of Boathouse Sports
Shawn Neville, former president of Keds, has agreed to join Boathouse Sports, the performance-fabric team uniforms manufacturer, as its CEO, SportsOneSource has learned. The company, based in Philadelphia, currently produces team uniforms for eight sport
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