RECALL: Dive Rite Wings Diving Equipment
About 16,000 pieces of diving equipment from Lamartek Inc., dba Dive Rite of, Lake City, Fla., are being recalled by the U.S. Consumer Product Safety Commission. The over pressure valve springs in the diving equipment could rust and fail allowing the buoy
Billabong to Acquire Stake in Surfstitch
Billabong International Ltd entered into a conditional agreement to acquire an interest in Australian online board sports retailer, Surfstitch…
Iconix Launches European Subsidiary
Iconix Brand Group, Inc. has partnered with The Licensing Company to further develop and expand the Iconix portfolio of brands in Europe through a newly formed subsidiary, Iconix Europe LLC…
Moosejaw Raises Additional Equity
Moosejaw has landed an undisclosed amount of equity capital from Glencoe Capital's Michigan Opportunities Fund. Glencoe is the second firm to invest in Moosejaw following Parallel Investment Partners in February of 2007. Moosejaw will use the money t
Benchmade Knife Named Top Oregon Company
Benchmade Knife Company was recognized as one of Oregon's most admired manufacturing companies by the Portland Business Journal at a luncheon Dec. 10 in downtown Portland, OR…
Ebike Outlet Opens in California Today
Alliance Telemedia, Inc. (ATI), a California corporation based in Glendora, CA, will open an all electric bicycle shop in the neighboring city of San Dimas, CA on Dec. 17, 2009. ATI's eBike brand iRoll will use the eBike Direct store outlet and onlin
Affordable Footwear Act Reintroduced in House
Reps. Joseph Crowley (D., N.Y.) and Kevin Brady (R., Texas) reintroduced legislation in the House of Representatives that would eliminate duties on certain types of lower-priced and children’s footwear…
JJB Sports Sees 29% Sales Decline
JJB Sports Plc said that on a like-for-like basis, the company's revenues were down 29% for the 20-week period ended on Dec. 13, compared to the same period last year. The UK-based sports retailer also said that it remains cautious about Christmas an
Amer to Keep Mavic Cycling Business
Finnish sports equipment maker Amer said in a statement that it had decided to keep France-based bicycle component unit Mavic. Amer had announced in September it was mulling “strategic alternatives” with respect to Mavic…
Benchmade Knife Co. Recognized as a Most Admired Company in Oregon
The Portland Business Journal recognized Benchmade Knife Company as one of Oregon's Most Admired Companies within the Manufacturing Companies division. Other companies winning awards in the manufacturing category include Nike Inc., Columbia Sportswea
OIA: Congress Unlikely to Pass MTB Bill by Year End
The Outdoor Industry Association said in a statement that it now appears due to multiple problems, Congress is not likely to pass a miscellaneous tariff bill (MTB) before adjourning for the end-of-year holiday recess…
New Balance Settles Louis Vuitton Lawsuit
New Balance Athletic Shoe, Inc. and Louis Vuitton Malletier have resolved the lawsuit filed by New Balance concerning its iconic 574 model shoe and the design of Louis Vuitton’s Minstrel shoe. Louis Vuitton acknowledges that New Balance owns valid a
SGMA Creates Association of Fitness Retailers, Manufacturers
The Sporting Goods Manufacturers Association (SGMA) has created the Association of Fitness Industry Retailers & Manufacturers (AFIRM) – a new trade association dedicated to developing benefits, products, and services specifically for fitness industry manu
Academy Sports Launches 8th Annual Holiday Bike Donation
Academy Sports + Outdoors kicked off its 8th annual youth bike donation program. Each year, at least one store in every market where Academy does business partners with select schools, not-for-profit organizations or local grassroots programs to donate bo
Kraton Performance Polymers Goes Public
Kraton Performance Polymers, a maker of polymers for such industrial and consumer applications as footwear, adhesives, and paving and roofing supply, has completed an initial public offering. The company sold 10.3 million shares on Wednesday priced at $13
