Néve Designs Founder Leaving Company

Néve Designs announced that Tom Irvine, an existing partner and CEO of Néve, has purchased the remaining assets of the company from founder Rhonda Swenson. Swenson will be leaving the company to pursue other outside interests…

Wade Moves to Brand Jordan

Nike, Inc. has announced that Miami Heat guard Dwyane Wade has changed sponsors, making the switch from Converse to Nike’s Jordan Brand, effectively ending what had become a soured relationship between the NBA scoring champ and the NKE subsidiary…

Dept. of Education Awards $78 Million in PEP Grants…

The Department of Education announced the recipients of $78 million in Carol M. White Physical Education Program (PEP) grants. New PEP grants totaling $26.5 million will be distributed to more than 140 school districts and community based organizations ac

Riddell Inc. to Face Jury Trial in Heat Stroke Case

A federal judge in Ohio last Monday concluded that Riddell Inc. had a duty to warn former Minnesota Vikings offensive lineman Korey Stringer that its helmets and shoulder pads could contribute to heat stroke when used in hot conditions. Stringer died nea

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

Victoria’s Secret Expands PINK Collegiate Collection

Victoria's Secret's PINK Collegiate Collection has been expanded to more than 50 colleges and universities. VS PINK launched its co-branded Collegiate Collection in July 2008, which features VS PINK's brand iconography and the names and log

Callaway Golf Lowers Guidance for the Year

Callaway Golf Co. said its preliminary financial results show its second-quarter per share profit fell sharply on weaker sales, prompting the company to lower its guidance for the rest of the year…

Play It Again Sports Parent Posts Profit Gain

Winmark Corp., the parent of Play It Again Sports, reported net income increased 28.1% in the second quarter to $1.2 million, or 22 cents a share, from $930,500, or 17 cents, a year ago. Sales were virtually flat at $8.8 million versus $8.7 million a year