Yue Yuen 2011 Profits Slip on 21.7 Percent Sales Gain

Yue Yuen Industrial (Holdings) Limited's said net profits declined 6.2 percent in the year ended Sept. 30 on a 21.7 percent increase in revenues, which reached $7.04 billion as rising raw material costs and factory wages pressured margins. The world&

Eastman Outdoors Appoints New Leadership Team

Eastman Outdoors, which makes cookware for the outdoors, named Rob Eastman as chairman and chief executive officer and Erik Eastman as vice president. As chairman and CEO, Eastman is responsible for leading the company and building the value of Eastman Ou

REI Foundation Awards $50,000 to The Mountaineers

The REI Foundation awarded its annual $50,000 Mary Anderson Legacy Grant to The Mountaineers, the Seattle-based outdoor education, recreation and conservation nonprofit founded in 1906. Lloyd and Mary Anderson enrolled in the nonprofit’s first basic

Raids Net $77 Million in Counterfeit Goods

U.S. Immigration and Customs Enforcement's (ICE) Homeland Security Investigations (HSI) announced the seizure of more than 327,000 counterfeit items with a manufacturer's suggested retail price worth an estimated $76.8 million. The haul included

Nordstrom Rack to Open First Rhode Island Store

Nordstrom, Inc. plans to open a new Nordstrom Rack in Warwick, R.I., located just outside of Providence. The new 37,360 square-foot store is scheduled to open during fall 2012 in a newly developed wing at Warwick Mall…

Bass Pro Shops Names Conservation Partners Of The Year

Bass Pro Shops has named Richard Childress, president and chief executive officer of Richard Childress Racing and Bob Ziehmer, Director of the Missouri Department of Conservation as their “2011 Conservation Partners of the Year.”…

New Air Jordans Cause US-Wide Riot Frenzy

The release of Nike's new Air Jordan Concord sneakers triggered mayhem at retailers across the country, with police being called to many locations. In cities from North Carolina to Washington state, crowds pushed, fought or rushed the doors to buy th

Cervélo Enters Financing Agreement with Pon Holdings BV

Cervélo has entered into a financing arrangement with Pon Holdings BV, according to a one-paragraph announcement posted on the Canadian bike makers website Dec. 23. In addition, Cervélo and Pon have signed a Letter of Intent that enables both parties to a

TwoTen Pilots Holiday Giving Program

To help fulfill holiday wishes for families in need, BBC International LLC, Collective Brands Inc. (Performance Lifestyle Group), Ecco, and Deer Stags Concepts, along with YP210 New York (Young Professionals for TwoTen), partnered with TwoTen to launch a

Jetboil Promtes Insiders to COO and RandD Posts

Jetboil promoted Steven Brooks to the post of chief operating officer and John Peretti to the position of director of research and development. Brooks had served as chief financial officer and Peretti as product programs manager at the company…