L.A. Bike Shop and Car Deal Partner to Draw Gas Weary Motorists
A Los Angeles bike dealer has launched a promotion with a neighboring car dealer to encourage motorist to trade in their cars for a new bicycle…
Columbia Sportswear Trims Workforce
Layoffs continued at Columbia Sportswear this week as it cut 80 positions, or nearly 2 percent of its workforce worldwide, to bring costs in line with lower growth expectations for 2012, The Oregonian newspaper reported…
Report: Columbia Sportswear Expected to Lay Off About 80
According to The Oregonian, Columbia Sportswear has laid off about approximately 80 employees. Company spokesman Ron Parham told the newspaper that most of the layoffs occurred at its Portland headquarters and in Europe as Columbia reaches a 2 percent lab
Adidas Raises $650 Million in Convertible Bond Sale
Adidas AG raised 500 million euros ($654 million) from the sale of convertible bonds. The bonds can be handed over for stock in the company when the shares, which closed at a record 60 euros yesterday, rise 40 percent to 83.46 euros, Adidas said in a stat
Chicago Poised to Create one of Nation’s Largest Bike Share Program
Chicago Mayor Rahm Emanuel was expected to introduce an ordinance to City Council Wednesday to enter into an agreement with Portland, OR-based Alta Bicycle Share, Inc. to operate Chicago’s first large-scale bike-sharing program, which is envisioned
Nike Apologizes for ‘Black and Tan’ Sneaker Name
Nike Inc. has apologized for its new shoe, SB Dunk Low, which had been unofficially nicknamed, the “Black and Tan.” The Black and Tan was also a name given to the British paramilitary force that smothered an Irish uprising in the 1920s…
Retailer Container Imports Forecast to Jump This Month
Import cargo volume at the nation’s major retail container ports is expected to jump 10 percent in March compared with the same month last year as retail rebuild inventory after a flat 2011, according to the monthly Global Port Tracker report releas
Ecco’s Sales Climb 16 Percent in 2011
Ecco reported its net revenue jumped in 2011 to DKK7.1 billion
($1.6 billion) from DKK6.1 billion (U.S. $1.1 billion), an increase of 16 percent…
Robert Nardelli Steps Down as Freedom Group’s CEO
Freedom Group, Inc., the parent of Remington, announced that Robert L. Nardelli has stepped down from his position as CEO of Freedom Group, effective immediately. George Kollitides, a member of FGI's Board of Directors and formerly a Cerberus Capital
Nike Signs Andrew Luck to Endorsement Deal
Nike announced the signing of football standout Andrew Luck to its roster of athletes. The former Stanford quarterback is expected to be picked first overall by the Indianapolis Colts at the April 27 NFL draft…
NSSF Lauds Senate Vote to Improve Land Access for Sportsmen
The National Shooting Sports Foundation is applauding last week's bipartisan approval by the Senate of an amendment that will expand funding for conservation and improve access to public lands for sportsmen and women…
Nautilus Posts Strong Q4 Results on Increased Net Sales
Nautilus, Inc. reported net sales for the fourth quarter ended Dec. 31, 2011 totaled $60.0 million, an increase of 11.7 percent as compared to net sales of $53.7 million for the same quarter in 2010. For the full year ended December 31, 2011, net sales in
CSG to Distribute Cannondale, GT Direct in China
Cycling Sports Group (CSG) is establishing an operation in China to sell Cannondale and GT brands directly in the market beginning in July 2012…
Isis for Women Appoints National Sales Manager
Isis for Women has hired outdoor industry sales veteran Don Maneth to the national sales manager position. He spent three years as national sales manager for outdoor and key accounts with Ocean Minded, five years as regional sales and marketing manager wi
February Retail Sales Increase 8.6 Percent Over Last Year
According to the National Retail Federation, the world’s largest retail trade association, February retail industry sales increased 0.5 percent seasonally adjusted from January, and 8.6 percent unadjusted year-over-year. The NRF said February marked
