Pacific Sunwear Warns on Second Quarter

Pacific Sunwear has updated its initial earnings expectations for the second quarter of fiscal 2009. A lower effective income tax rate, along with a higher store asset impairment charges for the quarter, have led to a lower estimated sales and a higher e

Target Signs 16-Year-Old Surfer

Target signed 16-year-old professional surfer Carissa Moore to a sponsorship agreement. An 11 time NSSA National Champion, Moore is currently tied for first place in the Women’s World Qualifying Series…

RECALL: Sevylor Tow Behinds

Sevca, LLC, in cooperation with the U.S. Consumer Product Safety Commission, has announced a voluntary recall of Sevylor Tow Behinds with Quick Hitch Connectors. The recall involves about 94,000 units sold at department and retail stores nationwide from

Asics Settles Suit Against Dolce and Gabbana

Dolce & Gabbana SpA of Italy settled a lawsuit by Asics Corp., which accused it of copying stripe designs on its footwear. U.S. District Judge Howard Matz in Los Angeles, dismissed the trademark-infringement action, citing a confidential settlement agreem

OBIT: Dwight Hauff, Hauff Sporting Goods

Dwight Hauff, a member of the Sporting Goods Industry Hall of Fame and a former chairman of the NSGA, has passed away at the age of 104. He was the founder of Hauff Sporting Goods in Sioux City, IA…

Speedo Blasts Swimwear Ban

Speedo blasted the Fédération Internationale de Natation (FINA) move to ban swimsuit technology that led to numerous world records over the last year. Among other points, Speedo said, “Any move which seems to take the sport back two decades – such as a po

Black Diamond Announces New Distributor in Chile

Black Diamond Equipment Ltd., a global leader in the climbing and freeride ski markets, announces that Tatoo Adventure Gear will become the exclusive distributor for Black Diamond climbing and mountain equipment in Chile, effective Aug. 1 2009…

CIT Group Secures $3 Billion Credit Facility

CIT Group Inc., the provider of financing to small businesses and middle market companies, entered into a $3 billion loan facility provided by a group of the company’s major bondholders. CIT further announced that it intends to commence a comprehensive re

Foot Locker/Office Depot Partner Around BTS Promotion

Foot Locker and Office Depot launched a national promotion that provides discounts on school supplies from Office Depot and footwear and apparel from Foot Locker. From July 26 through September 5, customers who make a purchase at Foot Locker will receive