PHIT America Initiative Set to Launch

This month, leading sports and fitness industry companies and organizations will launch PHIT America, a year-round, educational, advocacy, and social media marketing campaign designed to reach millions of Americans. PHIT America will combat the obesity an

Sequential Brands Group Closes Heelys Acquisition

Sequential Brands Group, Inc. has completed the merger of Heelys, Inc. Simultaneous with the closing, the previously announced global license agreement with BBC International LLC became effective, making BBC the exclusive licensee for Heelys footwear…

Li Ning to Sell Convertible Securities

Li Ning Company Limited said its board proposed to raise approximately HK$1.85 billion to HK$1.87 billion through an open offer of convertible securities. The total gross proceeds from the open offer will be used by the Group to execute a transformation

Brooks’ Momentum Accelerates

With revenues surging 43 percent in 2012 to crack $400 million for the first time and future orders ahead 31 percent, Brooks Sports is feeling no slowdown in the running category. At a breakfast meeting with journalists held last week at the Outdoor Retai

Teton Gravity Research Hires New Head of Production

Teton Gravity Research (TGR) announced that Jeff Harasimowicz has officially joined TGR as head of production. Harasimowicz most recently worked at The Weinstein Company in New York, and comes to TGR to help lead an aggressive expansion of company initiat

Outdoor Product Sales Reach $11.3 Billion in 2012

The SportsOneSource Group is reporting that outdoor product sales were up 3.7 percent to $11.3 billion for the 2012 calendar year as mid-single-digit increases in outdoor apparel and outdoor hardgoods were partially offset by a slight decline in outdoor f

REI Announces Vendor Partner Awards

REI announced its 2012 Vendor Partner of the Year award recipients during the Outdoor Retailer Winter Market trade show. Brooks was presented with the annual “Vendor Partner of the Year” award, while Thule, PrAna and Osprey Packs were named di

Outdoor Product Sales Get Late Lift in December

Outdoor Product sales posted a solid increase in December as a resurgent Outdoor Apparel business and strong Outdoor Hardgoods sales easily offset a continued decline in footwear segment revenues. After a mediocre week to start the month, followed by two