RECALL: 3,500 Felt Tri-Bikes
Felt Bicycles of Irvine, CA is recalling about 3,500 more of its 2008 and 2010 model year triathlon bicycles because the steer tube on the bicycle fork can break and cause the rider to lose control, posing a risk of injury.
New Pentagon Policy Seen as Boost to US Footwear Manufacturers
Acting Deputy Secretary of Defense Christine Fox announced Friday that the Department of Defense will provide military recruits with American-made footwear, rather than giving them a stipend to buy their own training shoes. New Balance, which had lobbied
Goal Zero Hires Former REI SVP Lee Fromson as President/COO
Goal Zero has appointed Lee Fromson, REI's former senior vice president of merchandising, as its president and chief operating officer as part of several changes to its executive team. Current President and CEO Joe Atkin has assumed the role of co-ch
Flip Flop Shops Announces Caribbean Development Deal
Flip Flop Shops inked a master franchise agreement with the team behind Happy Toes Caribbean. The agreement calls for the establishment and development of at least 20 new shops throughout the islands, the first of which will open in Aruba…
Osprey Packs Name Former Kelty Chief to New COO Post
Osprey Packs, Inc. has named the former leader of rival backpack brand Kelty to the newly created role of chief operating officer, where he will head take over many administrative duties alongside CEO Tom Barney…
New Wave Group Says Higher Marketing Costs Trimmed Q1 Earnings
New Wave Group reported lower income on higher sales at its Sports & Leisure segment in the first quarter as higher sales and marketing costs ate into margins. The Swedish company is ramping up hiring in a bid to make its Craft, Seger and Cutter & Buck br
Amer Sports Reports Decline of Ruble Undermined First Quarter Earnings
Amer Sports said earnings declined in the first quarter as solid sales gains and steady gross margin were more than offset by the negative impacts of currency exchange rates, particularly in Russia, where the ruble dropped in the wake of the Ukrainian cri
Drop Off in Firearms Sales, Long Winter Drag Down Cabela’s Comps 22 Percent
Cabela's Incorporated saw its comp store sales fall nearly 22 percent in the first quarter as it comped against last year’s unprecedented surge in gun and ammo sales and contended with harsh winter weather in many of its markets…
LifeFitness Heats Up As Q1 Freeze Ices Sales at Brunswick’s Other Segments
Brunswick Corp. reported net sales decreased 3 percent in its first quarter as gains in its Fitness segment could not offset the impact of harsh winter weather on its Marine Engine, Boat and Bowling and Billiards segments…
Bass Pro Shops announces new features of store in Tampa, Florida
Bass Pro Shops, announced plans to include an Islamorada Fish Company restaurant at the store it plans to open in Hillsborough County, Florida…
Hanesbrand’s Champion Fleece Sales Propel Activewear Segment to Record Profits in the First Quarter
HanesBrands Inc. said cold weather helped Champion pick up more shelf space in the first quarter as existing and new retailers sought to bring in more fleece…
Facebook Buys Moves Fitness Tracking App
Facebook has acquired Moves, a fitness tracker app on iOS and Android. Launched in Jan 2013, and called by Apple as ‘surprise hit’, Moves has been downloaded 4 million times to date for iPhone and Android phones…
VF’s Momentum Accelerates in Q1
Carried by double-digit gains at The North Face, Vans and Timberland coupled with gross margin expansion in every coalition, VF Corp. reported net income rose 9.9 percent in its first quarter and hiked it outlook for the year. Earnings reached $297.2 mill
Deckers Sees Double-Digit Gains in Spring Quarter
Led by a 15.8 percent gain for Ugg, Deckers Outdoor Corp. reported sales increased 11.7 percent in its three-month transition period ended Mar. 31, to $294.7 million. The company recently changed its fiscal year from Dec. 31 to Mar. 31, and, as a result,
Patagonia’s New Venture Fund Backs Waterless Laundering Technology
Patagonia has joined Nike and Adidas to become the latest athletic apparel brand to invest in water saving textile technology. The outdoor brand made a strategic investment in CO2Nexus Inc., a Colorado company that has developed a sustainable method of pr
