SIMA: Surf/Skate Industry Riding Out Economic Storm

The surf/skate industry is showing notable resiliency during recent global economic challenges, posting U.S. retail sales of $7.22 billion in 2008 according to the 2008 SIMA Retail Distribution Study released by the Surf Industry Manufacturers Association

Sports Direct Profits Plunge 91%

Sports Direct, the U.K.’s largest sports retailer, saw a 91% drop in full-year profits despite increased sales after the weak pound and investment losses took their toll. The company, controlled by Newcastle United owner Mike Ashley, netted a profit of £1

Wade Makes Move to Jordan Brand; Leaves Converse

Jordan Brand, a division of Nike, Inc., has signed Dwyane Wade to its roster of Team Jordan athletes. Wade joins an illustrious line-up which includes fellow All Stars Derek Jeter, Chris Paul and Carmelo Anthony and others. Wade had been the lead endorser

Potential CIT Bankruptcy Could Rattle Retail

CIT Group Inc., a significant lender to small and medium-size businesses in the retail industry, could be forced into bankruptcy proceedings barring a last-minute deal to renegotiate its sizeable debt load. A bankruptcy threatens to disrupt the flow of m

Pacific Outdoor Equipment Undergoes Management Buyout

Pacific Outdoor Equipment’s key management team has agreed to acquire Pacific Outdoor Equipment’s global brand and strategic assets. The management buy-out, which includes key employees and stake holders, brings flexibility to control and elevate Pacific

Firearms Sales Figures Continue to Climb in June

Data released by the FBI’s National Instant Criminal Background Check System (NICS) reported 968,145 checks in June 2009. This figure is an 18.1% increase from the 819,891 reported in June 2008, according to a press release by the National Shooting Sports

NRA Issues a Joint Statement On Judge Sonia Sotomayor

As the Senate considers the nomination of Judge Sonia Sotomayor, Americans have been watching to see whether this nominee – if confirmed – would respect the Second Amendment or side with those who have declared war on the rights of America’s 80 million gu

Crocs CEO Responds to Negative Media Reports

A story published in the Washington Post that raised questions about Crocs, Inc.'s health has prompted Crocs President and CEO John Duerden to post a blog on the company's website to reassure customers and investors of the company's viabili