SGB Executive Outdoor
Reebok Forms Argentina Joint Venture
The adidas Group and Brazilian shoe company Vulcabras S.A. have agreed to form a joint venture company to distribute Reebok footwear, apparel and accessories in Argentina. Adidas said the transaction does not affect sales and profitability expectations fo
Nüwa Textiles and its Partners Weave a Sustainable Reality
One of the largest weaving mills in Asia, Nüwa produces more than 20 million yards of fabric per month. Moreover, the company is at the forefront of developing and implementing eco-friendly textile production equipment and processes…
PacSun Lowers Guidance
Citing “the difficult economic environment and the company's regional exposures to the challenging retail markets of California, Florida, Nevada and Arizona,” Pacific Sunwear of California lowered its earnings outlook for the second quarter and the f
Hibbett’s Q1 Net Drops 7.8%
Hibbett Sports, Inc. reported sales increased 9% in the first quarter, to $145.8 million f rom $133.8 million. Comparable store sales increased 0.1%. Net income slid 7.8% to $9.4 million, or 32 cents a share, from $10.2 million, or 32 cents, a year ago. T
Heelys Promotes Marketing Chief to CEO
Heelys, Inc. said its SVP of marketing Don Carroll was been named president and CEO, effective May 20. Prior to joining Heelys on January 2, 2008 Carroll served as managing director of Vector2Group, a Dallas-based management consultancy firm that he co-f
K-Swiss Acquires Majority Stake in Palladium SAS
K•Swiss Inc. has signed a definitive agreement to purchase 57% of the equity interests of Palladium SAS from its stockholders for a total purchase price of approximately €5.3 million in cash ($8.3 mm), including a loan of €3.6 million ($5.6 mm). K•Swiss w
Adrenalina Posts Loss
Adrenalina, the start-up action sports store, posted a net loss from operations in the first quarter of $2.2 million versus a loss of $1.2 million a year ago. The wider loss is primarily due to a change in focus on retail sales which have lower margins a
ASICS Fiscal Year Sales Jump, But Net Slides
ASICS Corp. reported a 16.3% jump in net revenues for the fiscal year ending March 31, 2008 to ¥226.17 billion ($1.99 bn) from ¥167.52 billion ($1.67 bn) last year. Growth in footwear and equipment more than offset a modest decline in apparel sales. Net i
Collective Brands Reappoints Three Directors
Collective Brands, Inc. said Matthew E. Rubel, its CEO and president; Judith K. Hofer, retail consultant; and Robert F. Moran, president and COO of PetSmart, Inc. were re-elected to the Collective Brands Board of Directors at its annual shareholder meetin
Rocket Dog Acquires European Partner
Rocket Dog Brands LLC acquired Passion Sports, Ltd. and Passion Sports International, Ltd., its European Partner. Passion Sports has been distributing Rocket Dog products since 2001 and now operates in 19 countries. In conjunction with the transaction, P
Bikes Belong Names Grant Winners
Bikes Belong said it donated six grants worth $44,200 to grassroots groups across the country building a variety of cycling projects ranging from a riverfront path, a freeride trail, a BMX freestyle park to backcountry singletrack…
New Era Cap Signs Deal with Perfect Game USA
New Era Cap signed an agreement to have Perfect Game USA (PG), the world's largest baseball scouting report service, become a national dealer for the company. PG will concentrate its efforts on providing New Era caps to high level travel, tournament
Hess Joins Electra Board
Electra Bicycle Company named industry veteran Skip Hess to its Board of Directors. Hess' family launched the Mongoose brand and he helped start-up Giant in the late 80s and turn around Schwinn in the early 90s. He spent the last ten years back at Gi
Sport Chek Launches
Sport Chek, a corporate banner of The Forzani Group Ltd, launched their biggest experiential contest to date, the “Live the Power of Sport Contest” at LivethePowerofSport.ca. This online contest offers chances for customers to win the grand prize of one o
Head Q1 Revenues Grow 7.5% on Easy Winter Sports Comp
Head N.V. reported that net revenues for the first quarter increased 7.5% to €61.6 million ($92.3 mm) from €57.3 million ($75.1 mm) last year. Winter Sports revenues for the three months ended March 31, 2008 increased 43.2%, to €15.4 million ($23.1 mm) fr
