SGB Executive Outdoor
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
VF Corp. Names Head of Sportswear Coalition
VF Corporation promoted Karen Murray to president of its sportswear coalition, effective immediately. The sportswear coalition, which is based in New York City, includes the Nautica, Kipling (U.S.) and John Varvatos businesses…
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
Tony Hawk Foundation Launches East Coast Benefit
The Tony Hawk Foundation will expand its annual star-studded Activision Presents Stand Up For Skateparks benefit to include an event in Bridgehampton, New York on August 10. Proceeds from Activision Presents Stand Up For Skateparks help create free, quali
lucy activewear Names VP of Merchandising and Marketing
lucy activewear inc. has appointed Kira Karmazin as VP of merchandising and marketing for the lucy brand. Karmazin is charged with the development of strategic brand growth strategies to position lucy for long-term success. Karmazin brings over 18 years o
Nike Allows Endorsers to Wear Speedo
Nike Inc. is allowing seven of its sponsored athletes to wear Speedo's record-breaking swimsuit, LZR Racer, at the upcoming U.S. Olympic trials starting June 29. A company spokesman, Derek Kent, told The Oregonian, “Nike exists to serve athletes. It&
Bushnell Acquires Simmons Outdoor
Bushnell Outdoor Products has acquired the Simmons brand and certain other assets of Simmons Outdoor Corporation from Meade Instruments Corp. Simmons is a provider of high quality, innovative optical products, including a complete line of riflescopes and
Institutional Investors Buy Burke Estate’s Stake in Accell
European bicycle maker Accell Group N.V. said that several institutional investors had purchased an 8.62% stake in the company being liquidated by the estate of late Trek Bicycle Corp. Founder and Chairman Richard “Dick” Burke. SNS Securities N.V. found b
Wellman Hikes Fortrel Fiber Prices Again
For the second time in a month, Wellman, Inc. announced a 4 cent per pound price hike in its Fortrel polyester staple fiber products. The latest price hike takes effect with July 14, 2008 shipments…
GSI Commerce Lays Off 148
GSI Commerce Inc. has announced its Portland, Tenn.-based e-commerce retail-and-distribution center will close Sept. 30, resulting in the loss of 148 jobs. The center is closing because Restoration Hardware has decided to move their distribution in house.
Johnson Outdoors Wins $96mn Military Contract
The Defense Department said that Johnson Outdoors Inc. has been awarded a $96 million Defense Logistics Agency contract to supply shelters, trailers and related components for all branches of the military. Johnson Outdoors, based in Racine, WI, makes outd
La Sportiva Reports 30% Growth in Mountain Running Sales
La Sportiva said it increased sales of mountain running product by 30-percent over spring 2007. While much of the growth was due to new products, including the Imogene and the Crosslite, orders for the Fireblade doubled over last spring, the Boulder, CO c
Billabong Acquires Retailer Quiet Flight
Billabong has completed an agreement to acquire the retail operations of Quiet Flight, an East Coast retailer and the operator of 13 stores, including the flagship Billabong and Element retail stores in New York. Quiet Flight’s retail management team is b
Wiseman Relieves McDonald At VF’s Helm
Mackey J. McDonald will retire as Chairman of the Board and as a Director of VF Corporation, effective August 1, 2008. VF’s Board of Directors has elected President and Chief Executive Officer Eric C. Wiseman, 52, to the role of chairman upon McDonald’s r
BJ’s May Comps Rise 13.4% on Gas Boost
BJ’s Wholesale Club, Inc. saw net sales increase by 15.9% to $824.3 million from $711.0 million in May 2007. On a comparable club basis, sales for May 2008 increased by 13.4%, including a contribution from sales of gasoline worth 6.6%…
