Fed Issues New Regulations on Gift Cards
The Federal Reserve Board on Tuesday announced final rules to restrict the fees and expiration dates that may apply to gift cards – a significant source of profit growth in recent years for retailers. The rules protect consumers from certain unexpected co
K-Swiss Signs Ironman 70.3 Champion Mirinda Carfrae
K-Swiss plans to sponsor professional triathlete Mirinda Carfrae. Under the multi-year deal, Carfrae will represent K-Swiss footwear and apparel. Carfrae's first race as part of K-Swiss' roster is at the Rohto Ironman 70.3 California in Oceansi
New Balance to Sponsor Pan-Massachusetts Challenge
New Balance has joined the Red Sox Foundation as a co-presenting sponsor of the Pan-Massachusetts Challenge (PMC), the athletic fundraising event. The company has also been named the exclusive footwear and apparel sponsor for the charity biking event…
Slipping Grips Prompt Ventus to Recall Aero Bars
Ventus Ltd. has voluntarily recalled 325 Ventus Team bicycle aero bars (bicycle handlebars) designed by 3T Cycling Srl of Italy because two rubber hand grips on the aero bars can loosen or slip off during use, posing a fall or injury hazard to the rider,
City of Omaha Clears Plans to Convert Grain Elevator to Climbing Center
Plans to convert an abandoned grain elevator and 62 accompanying silos in Omaha, NE into a for-profit climbing facility were approved by the city council Tuesday, according to a report by NBC TV News affiliate WOWT…
Campisi Promoted to Sports Authority’s CEO
Sports Authority promoted David Campisi to chief executive officer and president, effective immediately. Campisi, who replaces long-time CEO Doug Morton, has served as Sports Authority's president with responsibilities for merchandising and marketing
AFIRM Adds New Members
AFIRM announced the membership commitment of Life Fitness, the fitness equipment company. Also joining the fitness trade association is efi Sports Medicine, which makes products for the Pilates category, and Medova Healthcare a provider of health and well
Snow Sports Clinic for Disabled Vets Slated for Snowmass
On Sunday, March 28, Secretary of Veterans Affairs Eric K. Shinseki will kick off the National Disabled Veterans Winter Sports Clinic in Snowmass Village, Colo., the largest adaptive event of its kind in the world…
Sports Associations Form Research Council
Seven of the major governing bodies and trade associations in the sports, fitness, outdoor, and leisure industry have formed a research partnership — The Physical Activity Council (PAC). The goal of the partnership is to identify key trends in sports, f
Faytex Appoints International Sales Manager
Faytex, the textile concern based in Weymouth, MA, appointed William “Bill” Pickett to the newly created position of international sales manager to help mine new and renewed interest in Dri-Lex and Eco Dri-Lex, in particular, outside the U.S…
Trade Groups Form Physical Activity Council to Research Participation
Seven of the major governing bodies and trade associations in the sports, fitness, outdoor, and leisure industry have formed a research partnership – The Physical Activity Council (PAC), which will release findings from a major survey later this month…
Taipei Cycle 2010 Draws Record Number of Exhibitors
Taipei Cycle 2010 has drawn a record 894 exhibitors to Taiwan this week. They will be occupying 3,018 booths. That represents growth of 17.3% and 4.5% respectively from last year, according to the Taiwan External Development Council (TAITRA), chief organi
Peak Sport’s Sales Vault 51.6% in 2009
Peak Sport Products Co., Limited reported sales jumped 51.6% to RMB3,094.9 million ($453.3 million). The increase was mainly due to increased demand for Peak's products and continued expansion of its distribution network across China…
Li Ning Sees 25.4% Revenue Growth in 2009
Li Ning Group Limited reported revenue grew by 25.4% to RMB8,386.9 million ($1.22 billion). Profit attributable to equity holders rose by 31.0% to RMB944.5 million ($138.3 million), or RMB90.75 cents a share…
Shoe Carnival Q4 Comps Surge 8.8%
Shoe Carnival, Inc. reported sales for the fourth quarter increased 8.8% to $170.8 million from $156.9 million a year ago on an 8.8% comp gain. Net earnings reached $2.6 million, or 20 cents per diluted share, compared to a net loss of $3.0 million, or 24
