REI Reshuffles Senior Management

REI announced SVP of Marketing Angela Owen and SVP of Merchandising Lee Fromson have both left the company. The retailer promoted Annie Zipfel to the position of vice president of marketing and named Susan Viscon as vice president of merchandising…

2014 Outlook: Cautious Optimism Found for 2014

With the arrival of a chilly temperatures for the first time in two years helping provide a lift to winter categories in December and early January, the sporting goods industry apparently closedthe year with more of a glass-half full outlook than the last

Trek Acquires Electra Bicycle Company

Trek Bicycle has acquired the Electra Bicycle Company. Joining the Trek family provides Electra with business and logistical support as well as distribution assets that will ensure the growth of the lifestyle cycling brand. Terms were not disclosed…

New Li and Fung Unit to Focus on Worker Safety

Li & Fung Limited has created a new business unit to focus more intensely on factory and worker safety following recent tragedies in the garment industry, as well as the on-going needs of its global vendor base…

Columbia Sportswear Commences New Venture in China

Columbia Sportswear Company said its joint venture with Swire Resources Ltd. commenced operation as planned on Jan. 1, 2014. Also, as previously planned and announced, 29-year Swire Resources veteran Samson Wong was appointed president of the joint ventur

Consumer Confidence Rebounds in December

The Conference Board’s consumer confidence index rebounded in December after falling in November. The index now stands at a reading of 78.1 (1985=100), up from 72.0 in November…