Footbalance Gains Euro 7M Equity Investment

Scope Growth II L.P, a Swedish private equity firm, has invested €7 million ($9.8M) to become a large shareholder in the Finnish company Footbalance System Ltd. The investment enables Footbalance to build on its custom insole concept already availab

Stein Mart Names Chief Merchant

Brian R. Morrow has been appointed executive vice president and chief merchandising officer of Stein Mart, Inc.. Morrow has more than 25 years of merchandise leadership, most recently as senior vice president and general merchandising manager at Macy&#039

Vans to Sponsor Gudauskas Brothers

Vans said Patrick, Dane and Tanner Gudauskas, three of surfing's most promising young surfers, expanded their six-year relationship with the brand to include apparel and accessories as well as the footwear program they already support…

Walking Co. Files Reorganization Plan

The Walking Company Holdings, Inc. filed a reorganization plan under which the company intends to keep 207 of its 214 (over 96%) current store locations open and pay off all of its debts and future obligations to trade creditors. It plans to exit Chapter

Hi-Tec Sports Sees Earnings Double in 2009

Hi-Tec Sports PLC, the privately-held British footwear company based in the United Kingdom, reported that with the aid of solid sales growth, earnings more than doubled in 2009. Sales in local currencies increased over 10% resulting in $250 million at who

Payless ShoeSource Supports African American Youth

In celebration of Black History Month this February, Payless ShoeSource will continue its Payless Inspiring Possibilities Scholarship program by joining together with its shoppers and the National Urban League (NUL) to raise money to support the future of

Economic Boosters Unveil Outdoor Rec Site in Virginia

The Roanoke (VA) Regional Partnership launched what it called “THE most comprehensive outdoor site” in the nation, in an encouraging sign that economic development officials are beginning to understand the economic importance of outdoor recreation…

Athletic Directors Tour Nike’s Asian Factories

According to The Exponent, Purdue's Student Newspaper, the university's athletic director on Jan. 14 joined a group of other university athletic directors on a Nike-sponsored trip to factories in China and Vietnam. The ten-day tour comes as Nike

RECALL: Talon Hunting Hang-on Tree Stands

About 6,800 Talon Hunting Hang-on Tree Stands and Brackets/Straps from Summit Treestands are being recalled. The U.S. Consumer Product Safety Commission said the tree stand can unexpectedly detach from the tree when the brackets fail, posing a fall hazard

Good Conditions Help Spark Ski Visits

The 22 member resorts of Colorado Ski Country USA (CSCUSA) reported a slight bump in skier visitation for the first portion of the 2009-10 winter season over the same period of the year prior. CSCUSA resorts collectively posted an increase of 1% for the f

Quarterly Firearm and Ammunition Excise Taxes Up 29%

According to the most recent Firearms and Ammunition Excise Tax Collection Report released by the Department of the Treasury, firearm and ammunition manufacturers report excise tax obligations to be more than $115.8 million in the third calendar quarter o