GBMI Sold To Titan Global Holdings
Titan Global Holdings, Inc. has purchased the majority of all of the assets of Global Brand Marketing, Inc. (GBMI), including inventory, accounts receivable and intellectual property assets. Titan also said it hired the complete core of executives current
Nike Acquires 19.9% Stake in Umbro from Sports Direct
Nike, Inc.'s wholly owned subsidiary Nike Vapor Ltd. has acquired 19.9% of Sports Direct International's holdings in Umbro plc. The shares were purchased at 193.06 pence per share ($3.83), which is the all-cash offer price Nike announced on Octo
Rip Curl Hires Miller as VP of Jr. Design
Rip Curl USA hired Mary Miller to its executive team as the VP of juniors design. In her new role, Mary will utilize her talents to oversee the design of junior’s product across all categories. Mary’s experienced consecutive five-year tenures at both Roxy
WSA Sold to ENK International
ENK International, the producer of fashion trade shows including The Collective and Fashion Coterie has purchased WSA Global Holdings LLC, producer of the WSA footwear shows in Las Vegas…
SGMA Elects New Board Members
The Sporting Goods Manufacturers Association has elected its Board of Directors, which includes three new members for the 2008-2011 term. Lindsay Stewart, the special advisor to the chairman/CEO – Nike, Inc. ,has been elected to a full term while Jim Tom
Jordan Brand Donates $1M to Educators
Jordan Brand, a division of Nike, Inc., announced that through its Jordan Fundamentals program it will recognize 300 educators nationwide for their outstanding achievements and contributions in the classroom. The Jordan Fundamentals Program will award $1
Forzani Group Third Quarter Degrades on Weak U.S. Dollar, Weather..
The Forzani Group Ltd. had to contend with a rising Canadian Dollar, deep promotional discounts and warm weather in the fiscal third quarter ended October 28, but still managed to deliver an increase in overall retail system sales, thanks to improved resu
OIWC Hires Amy Luther as National Program Coordinator
Outdoor Industries Women's Coalition OIWC hired Amy Luther as their National Program Coordinator. This newly developed position will engage Luther in all facets of OIWC business. Luther will work closely with the Executive Director to coordinate OIWC
Hardlines Weakness Continues to Vex Quiksilver…
Quiksilver Inc. posted a steep loss in its fiscal fourth quarter ended October 31 due to massive write-downs of its hardgoods business acquired in the 2005 Rossignol acquisition. More surprisingly, the company also predicted a “small loss” for Q1 due to c
OR Moves Backcountry Base Camp to Snowbasin
Outdoor Retailer's Backcountry Base Camp will move to Snowbasin in Huntsville, UT. Located 33 miles from Salt Lake City, Snowbasin enables Outdoor Retailer Winter Market to host additional activities and to provide attendee services, creating a stron
Under Armour Looks to Expand Workforce and Workspace…
According to local reports, Under Armour Inc. plans to significantly expand its work force, adding approximately 300 new members to its current 450-strong workforce. A spokesperson for UA had no comment on the report…
New Balance Acquires Vital…
In a push to jumpstart its apparel business, New Balance Athletic Shoe Inc. acquired Vital Apparel Group. The purchase price was not disclosed. Vital Apparel Group, based in Huntington, NY, comprises Vital Apparel, a women’s active brand; Vital Accessori
Golf Companies Win Some, Lose Some…
Callaway Golf Company and TaylorMade Golf Company have reached a settlement and patent license agreement that provides “specified rights” for each company to make certain products under patents owned by the other. The agreement covers technologies involvi
DSW to Focus on Smaller Stores…
DSW wants to get to $300 per square foot, and expects to get there through smaller, more productive stores and smarter real estate decisions. Last year's sales per square foot was $218…
Sport Chalet Not Too Worried About Dick’s Sporting Goods in SoCal…
Despite Dick's Sporting Goods moving heavily into the Southern California market with its acquisition of Chick's, Sport Chalet's CEO Craig Levra doesn't seem too concerned. Prompted by a question at the Wedbush Morgan investor conferen
