Li Ning’s Profits Slide 50 Percent in First Half
Li Ning Co Ltd. reported a 50 percent drop in its first half profit on a 4.8 percent decline in sales. The Chinese-athletic footwear and apparel giant said the operating environment is expected to remain challenging due to intensifying competition among
Outdoor Industry Reprimands Utah Congressional Delegation
In an open letter, Petzl, Black Diamond Inc. and more than two dozen other outdoor companies and organizations asked Utah's Congressional delegation to stop supporting proposals that cut funding for key conservation and recreation programs and end pr
Famous Footwear to Host Fashion’s Night Out
Famous Footwear, a brand of Brown Shoe Company, Inc., on Sept. 8 will host a model casting call from 6:00-8:00 p.m. at its midtown Manhattan store, located at 250 W. 34th St. near Seventh Avenue, as part of the third annual Fashion's Night Out…
Bauer’s Sales Grow 13 Percent in Fourth Quarter
Bauer Performance Sports Ltd. reported revenues grew 13 percent in the fourth quarter and 19 percent in its fiscal year ended May 31. Earnings also grew solidly in both periods excluding costs related to its initial public offering…
Brown Shoe to Sell And 1
Brown Shoe Company, Inc. entered into an agreement to sell And 1, the basketball footwear brand acquired through its purchase of American Sporting Goods, to Galaxy International, a newly-formed brand management company, for $55 million in cash…
Brown Shoe Slashes FY Guidance After Weak Q2
Brown Shoe Company, Inc., the parent of Famous Footwear, reported a loss of $4.6 million, or 11 cents a share, in the second quarter, against earnings of $5.3 million, or 12 cents per share, in the second quarter of 2010. Weakness in the toning category
Shoe Carnival’s Q2 Profits Sink 34 Percent
Shoe Carnival, Inc. reported second-quarter results that came in short of expectations due to weather that hurt traffic and the slower trend in the toning category. Earnings slumped 34.1 percent to $2.7 million, or 20 cents per share, from $4.1 million, o
Canadian Tire Completes Acquisition of Forzani
Canadian Tire Corporation, Limited said it completed its acquisition of The Forzani Group Ltd. Its subsidiary FGL Acquisition Co Limited successfully acquired the 905,853 remaining Class “A” shares of The Forzani Group Ltd. not already owned…
Finish Line Board Elects Director Torrence Boone
The Finish Line, Inc., announced that Torrence Boone has been elected as a new director. Boone is managing director of agency business development for Google, where he is responsible for driving Google's strategy and relationships with marketing…
GearTribe Set for Aug. 29 Launch in Four Markets
GearTribe, an group buying site that claims to be dedicated to helping independent outdoor specialty retailers compete with private sale sites, said it will launch in Hood River and Bend, OR; Seattle and Summit County, Colorado on Aug. 29…
Flip Flop Shops Ranks Among Fastest Growing Companies
Flip Flop Shops, the franchise of flip flops and sandals retail stores, announced that Inc. magazine ranked the growing retail franchise in the top 10 percent of the publication’s 500 | 5000 list of the fastest-growing private companies in the Unit
Under Armour to Sponsor Grand Prix
Under Armour Inc. has inked a deal to sponsor the inaugural Baltimore Grand Prix event…
Interbike Launches Free Mobile App for Attendees
Interbike has launched a free mobile app attendees can use to navigate the show by looking up exhibitors, floor maps, and events and scheduling appointments…
SGMA Product Integrity Program Knowledge Services Launched Via Webinar
Last month, SGMA announced its partnership with Bureau Veritas Consumer Products Services, a world leader in quality assurance and supply-chain risk management solutions. In its role with SGMA, Bureau Veritas is the official sponsor of SGMA's Produc
Summit Sports Promotes Three Employees
Summit Sports, Inc., a Bloomfield Hills-based outdoor recreation and sports retailer, has promoted three of its team members. The announcement was made by Steve Kopitz, company “Ski-E-O” and president…
