Grassroots Outdoor Alliances Funds Outdoor Nation Grant
The Grassroots Outdoor Alliance joined forces with Outdoor Nation to launch a new activation grant program that will provide $10,000 to four innovative ‘grassroots’ projects that get young people outdoors and active. Only employees of the more
Adidas Marketing Exec Sent to Prison in Fraud Scheme
Britney Obstar, a former marketing manager at Adidas, was sentenced today by United States District Judge Garr M King to serve one year and one day in prison for orchestrating a fraud scheme that resulted in a $336,000 loss to Adidas. Judge King also orde
Vail Resorts Lift Ticket Revenue Down Sligthly
Vail Resorts, Inc. reported season-to-date total lift ticket revenue at the company's six mountain resort properties, and including an allocated portion of season pass revenue for each applicable period, was down approximately 0.3 percent through Apr
Adidas Group Ups Full-Year Guidance on Strong Q1 Results
Adidas Group is reporting that preliminary first quarter figures are materially above market expectations. Group sales for the full year are now expected to grow at a rate approaching 10 percent on a currency-neutral basis and net income attributable to s
Report: Wolverine World Wide Chosen as Collective Brands Buyer
Bloomberg News is reporting that Collective Brands Inc., which owns the Saucony, Keds, Stride-Rite and Sperry Top-Sider as well as the Payless ShoeSource discount shoe chain, is opting for an acquisition by Wolverine World Wide Inc., parent of Merrell, Wo
Shoe Sensation Secures Credit Line
AloStar Bank of Commerce has provided a $15 million secured revolving credit facility for Shoe Sensation, a retailer of brand name footwear and accessories. Headquartered in Indiana, Shoe Sensation operates 82 stores in 12 Midwest states…
OtterBox Expanding Fort Collins Campus
OtterBox is expanding its footprint in downtown Fort Collins, CO, where it has recently acquired two buildings to accomodates its growing workforce. The maker of protective cases for mobile technology has been growing alongside sales of smartphones, iPads
Leonard Armato Steps Down at Skechers
Leonard Armato is exiting from his role as president of Skechers Fitness Group. Michael Greenberg, president, Skechers USA Inc., told SportsOneSource that Amarto, who joined Skechers in 2010, will become chairman of Leverage Agency, a sports-marketing fi
Bogs, Rafter Acquisition Fuels Weyco Group’s Q1 Growth
Weyco Group, Inc. reported net sales for the first quarter reached $75 million, an increase of 16 percent from 2011 sales of $65 million due in part to contributions from the Combs Company which it acquired last year. Combs is the maker of the Bogs and Ra
VF Corp. Divests John Varvatos Enterprises
VF Sportswear, Inc. and John Varvatos announced the sale of the majority ownership interest in John Varvatos Enterprises, Inc. to Lion Capital LLP, with Mr. Varvatos retaining an ownership position. Terms were…
Warm Weather Boosts Q1 Sales and Profits at West Marine
West Marine, Inc. emerged as one of the beneficiaries of the first quarter’s unusual weather when it reported the warmest temperatures in decades drove boat owners into its stores to buy higher margin maintenance products early…
Fishing Brands Boost Q1 Results at Jarden Outdoor
Jarden Corp.’s Outdoor Solutions segment earned nearly 11 percent more in the first quarter on slightly lower sales as better than expected performance in warm weather categories such as fishing and new spring technical apparel from Marmot offset th
Warm Weather, European Economy Weigh on Columbia Sportswear
Columbia Sportswear Company reported net sales came in flat in the fourth quarter and that growth will remain at or below 1 percent for the full year as dealers recover from with the warmest winter in decades and cope with slowing growth in Europe. The co
VF Corp Hikes FY Guidance on Double-Digit Organic Growth in Q1
VF Corp reported first-quarter revenues rose 31 percent, boosted by the Timberland acquisition. Organic growth was 12 percent and was slightly stronger than anticipated due in part to earlier shipments and stronger sales of seasonal products. The stronges
Nike Executive Charged With Attempted Aggravated Murder
Nike executive James Speidel is accused of trying to blow up his Bethany, OR home in an attempt to kill his wife and four children. Speidel, 36, is charged with five counts each of attempted aggravated murder and first-degree attempted assault, along wit
