Dennis to Become Genesco CEO

Robert J. Dennis, president of the Genesco Inc., will assume the additional role of chief executive officer, effective August 1, 2008. Chairman and CEO Hal N. Pennington will continue as executive chairman of the company. Dennis was named president and c

Report: 20% of Athletic Goods Are Fake

Demand for fake fashion continues to grow at an alarming rate according to a new report from just-style, with captured shipments indicating that around 20% of all athletic merchandise is fake, according to a report by the British publishing and research f

China’s Gas Prices to Rise 16% Friday

China said Thursday night that the country on Friday will raise prices of gasoline and diesel oil by 16% and 18% respectively in response to rising energy prices, the New China News Agency report. Government officials did not say how the price rise might

Heelys Rolls Out First Video Skate Contest

Heelys, Inc. launched its first-ever video competition for amateur skaters on June 21, in conjunction with Go Skateboarding Day. Beginning July 15 through July 31, contestants can upload a one to four minute video that showcases their skills and love of s

Skins Inc. Appoints CFO

Skins Inc. appointed Michael Solomon as CFO, effective immediately. Most recently, Solomon served as SVP and controller of Nexxar Group Inc., a global payment transmitter and processing company. Prior to that, he held several top executive titles, includi

Reebok Opens Sports Equipment Store

Reebok International plans to open its first-ever sporting goods store in August at Patriot Place in Boston. The Foxboro store will be Reebok’s only retail location in the world where it sells its sports equipment side by side with its footwear and clothi

Garmin to Title Sponsor Cycling Team

Garmin International Inc. announced its title sponsorship of Slipstream Sports, an elite cycling team that will be showcasing its dedication to clean competition in one of the biggest events in professional sports: the Tour de France. Team Garmin will tra

Alleson Athletic to Make Uniforms for Under Armour

Alleson Athletic reached an arrangement to make custom uniforms for youth, high school and collegiate teams under the Under Armour brand. Terms of the acquisition were not disclosed. The company said the Under Armour work could potentially double its sale

Swany Wins Red-Dot Award for G-Cell Glove

Swany has won the coveted Red-Dot award for design excellence for the second time in three years. The Red Dot award is given to the outstanding design in a particular Field, and there are 3,208 designs submitted from 51 countries. Swany won the award with

Chinese Output up 16.3% Through May

Chinese output rose 16% in May, while domestic investment grew much faster than foreign investment during the first five months of the year, according to the National Bureau of Statistics of China…

Gart Capital Finances Luggage Chain Expansion

Denver-based Gart Capital Partners and Colorado Baggage Co. have teamed up to buy Dallas-based Bag’n Baggage out of bankruptcy for $10.5 million. The deal will create Colorado Bag'n Baggage with 44 stores in 13 states and $40 million in sales…

Americans Drive Less for Sixth Month in a Row

Americans drove less for the sixth month in a row, according to the U.S. Department of Transportation. Vehicle miles traveled on all public roads for April 2008 fell 1.8% compared with April 2007. This marks a decline of nearly 20 billion miles traveled