Nike, Inc. 2007 fourth quarter revenues increased 9% to $4.4 billion, compared to $4.0 billion for the same period last year. Fourth quarter net income increased 32% to $437.9 million, compared to $332.8 million in the prior year, and diluted earnings per
Category: Footwear
Luxottica Group to Acquire Oakley for $2.1 Billion
Luxottica Group will acquire all of the outstanding shares of Oakley for a cash purchase price of $29.30 per share, together with the purchase of all outstanding options and other equity rights at the same price per share less the exercise price. The tota
OutDoor Looks at ‘The Next Generation’
OutDoor Friedrichshafen 2007 will feature a workshop titled, “The Next Generation.” Today's children and young people are tomorrow's outdoor customers. How can we appeal to kids? What do official statistics tell us? Who is this upcoming generati
Yakima Inks Deal with Lance Armstrong Foundation
Yakima has partnered with the Lance Armstrong Foundation to create LIVESTRONG endcaps, which showcase LAF’s logo and fit on Yakima round bars. Yakima will donate 100% of all profits from all endcap sales directly to supporting the Foundation…
Pacific Outdoor Equipment to Distribute LAKEN Bottles
Pacific Outdoor Equipment will be the exclusive U.S. distributor for the European brand LAKEN, manufacturer of high quality aluminum and stainless steel drinking bottles. All support and customer service for LAKEN’s U.S. customers will be handled by Pacif
InGear Inks Swimwear Deal with True Religion
True Religion Apparel, Inc. has signed a licensing agreement with InGear Swimwear, LLC for its line of swimwear for women, men, and boys and girls. InGear will design, produce, and distribute True Religion branded swimwear at department stores and special
Major League Soccer Unveils ‘Verano MLS’
Major League Soccer announced the addition of yet another component to the League's successful Hispanic grassroots lineup, Verano MLS (MLS Summer). Working closely with select MLS teams, the six-week summer program will provide a weekly soccer playin
Base Camp Opens Utah Office
Base Camp Communications has a new office now open for business in Park City, Utah. When deciding to expand Base Camp Communications to Utah, director Mike Geraci considered the state’s strong adventure sports community, its natural playground, and its ed
Nike Exec Larry Miller Named Portland Trail Blazers President
Nike Exec Larry Miller has been named team president of the Portland Trail Blazers. Miller spent ten years at Nike, Inc. most recently as Vice President and General Manager, Basketball…
VF Corp. Eyeing More Acquisitions
VF Corp. plans to keep up its pace of acquisitions with a keen eye on outdoor and sportswear brands that cater to women, its chief executive said at the Reuters Consumer and Retail Summit in New York…
Phoenix Footwear Sells Royal Robbins Unit
Kellwood Company has signed an agreement to acquire Royal Robbins, Inc., a division of Phoenix Footwear Group, Inc., for approximately $40 million. Sales for Royal Robbins, which was acquired by Phoenix in October 2003,were approximately $30 million in
Bakers Footwear Widens Q1 Loss
Bakers Footwear Widened its net loss in its first quarter ended May 5, to $1 million, or 15 cents a share, $700,000, or 10 cents, a year ago. Sales slid to $49.3 million from $49.8 million. Comparable store sales decreased 9.3%, compared to a decrease of
Bill Cramer Passes Away
Charles William (Bill) Cramer, chairman of the board of Cramer Products, Inc., has passed away at the age of 86. Cramer developed one of the company's most well-known products, Atomic Balm. He was president of Cramer from 1973 – 1976, and also served
SGMA Creates Solid Foundation for New Market…
In its inaugural incarnation, SGMA found its Spring Market to be a trade show that for the most part fulfilled attendee expectations for the present and filled hopes for the future. As a first show of a new concept it was seen by most as better than the
NexCen Unveils New Look for The Athlete’s Foot at SGMA Spring Market…
The Athlete’s Foot hosted its franchise conference at SGMA Spring Market and took the opportunity to unveil a redesigned shop based on a modular design that encompasses four different categories: Performance Basics, Classic Athletics, Fusion Athletics and
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