Adidas to Rethink Olympic Support
Adidas officials told a German newspaper that it will reconsider support for the Olympics after the 2008 Beijing Olympics in light of the continued ban by the International Olympic Committee on displays of the Adidas three-band logo on team uniforms…
Crocs Taps CFO to Head Retail Division
Crocs Inc. CFO Peter Case has moved into the newly created position of SVP, retail division. Case was already spending much of his time building Croc's branded stores in the United States and worldwide. He will be replaced in the CFO post by an execu
UK Anti-Trust Agency Clears Nike Purchase of Umbro
The UK's Office of Fair Trading cleared Nike Inc's proposed purchase of Umbro PLC. In replica kit sales, it argued that although the pair have a high combined market share of over 45%, this “overstates the rivalry between them.”…
Startup Promises Revolutionary Ski Boot
A new company in Boulder, Colo. says it will launch a revolutionary carbon fiber ski boot in the first quarter. Denny Hanson, who claims to have pioneered development of the rear-entry ski boot in the 1970s, has opened Apex Sports Group to provide premium
Volcom Lowers Q4 Guidance; To Acquire Electric Visual
Volcom, Inc. expects to realize fourth quarter revenues in the range of $67 million to $68 million with earnings per diluted share of approximately 29 cents to 30 cents. Previously, the company stated it expected total revenues to be between $70 million a
Snow Boosts Jarden’s Winter Sports Sales
Jarden Corporation said fourth-quarter revenue and operating profits related to its winter sports business were in line with expectations. CEO Martin Franklin said strong early snow conditions, particularly in North America, favored its winter sports line
Stearns Announces Layoffs
Stearns Inc. has laid off more than 20 employees, including President Paul Ebnet. The downsizing will be taking place over the next nine months, director of human resources Loretta Trulson said in a statement. Affected employees were informed of the chang
Callaway Forecasts 10% Rev Gain
Callaway Golf Co. expects sales for the year ended December 31 to increase approximately 10% to a record $1.125 billion, up from $1.018 billion a year ago. Earnings are expected to come in between 79 to 81 cents a share, which compares with earnings of 3
Michael Brosnahan Named CEO of Reyn Spooner
Michael Brosnahan, the former VP of apparel for Pony, was named the new CEO of Honolulu-based Reyn Spooner Inc. and Reyn's Menswear. Tim McCullough, president and CEO for 30 years, will focus on product design…
Adidas Signs Deal with the Univ. of Cincinnati
The University of Cincinnati announced that it entered into a 4-year agreement with adidas to supply apparel and footwear to the UC football team beginning with the 2008 season. Adidas replaces Nike…
Mavic to Launch Soft Goods Line
Mavic will launch a full range of cycling footwear, apparel and accessories next year for the spring/summer season. The line will replace the Adidas cycling line…
Golf Rounds Decline in November
Same-store golf rounds in the U.S. were down 3.8% in November 2007 vs. November 2006, bringing the year-to-date total to level with last year, according to NGF/Allied Golf Associations. Year-to-date, the best-performing region compared to last year has be
Jordan Brand Unveils ‘BECOME LEGENDARY’ Campaign
Jordan Brand, a division of Nike, unveiled its new brand campaign and tagline, “BECOME LEGENDARY.” The campaign was developed to pay homage to the legacy of a brand created by Michael Jordan and to celebrate 23 years since the launch of Air Jordan. The ca
Reebok-CCM to Sponsor AHL All-Star Classic
Reebok-CCM has become the title sponsor for the 2008 AHL (American Hockey League) All-Star Classic. The 2008 AHL All-Star Classic presented by Reebok will take place this month at the Broome County Veterans Memorial Arena in Binghamton, N.Y. The event wil
Climbing Schools Get Workers’ Comp Option
The Climbing Wall Association, Inc (CWA) announced the formation of a workers' compensation insurance program for its members operating climbing facilities. The CWA learned that workers' compensation carriers began to mis-classify climbing facil
