New Wave Group AB Acquires Ahead for $17.4M
New Wave Group AB has agreed to acquire substantially all of the assets of the U.S.-based headwear company, Ahead, for a sum of $17.4 million in addition to a net asset value adjustment of approximately $5 million…
Far Bank Enterprises Hires Paul Clark to Head Sales
Far Bank Enterprises has hired Paul Clark as its new director of global sales. Clark brings with him years of experience in sales, having recently held senior positions with brands such as TaylorMade, Adidas Golf and…
VF Licensed Sports Group Taps VPs of Sales
VF Licensed Sports Group has promoted both Ken Wood and Mike Pardini to the roles of vice president, sales (LSG)…
Converse and Parent Nike, Inc. Respond to Worker Abuse Charges
Converse said it took immediate action to alleged worker abuses at Indonesia plant identified in an article by the Associated Press. Converse's statement said, ” As an affiliate of Nike, Inc., Converse takes matters of unfair labor practices very ser
Nike Signs Top NBA Draft Pick Irving to Shoe Deal
Former Duke star Kyrie Irving became the only NBA rookie other than Kemba Walker to sign a shoe deal. Irving, the No. 1 pick in June's NBA Draft, selected by the Cleveland Cavaliers, announced via Twitter that he had signed with Nike Basketball…
RECALL: DUI Diving Weight and Trim Systems
Diving Unlimited International Inc., in cooperation with the U.S. Consumer Product Safety Commission and Health Canada, has recalled about 1,454 units of its DUI Weight & Trim System Classic and DUI Weight & Trim System II due to a drowning hazard…
Wholesale Prices for Athletic Goods Dip in June
Despite double-digit percentage increases in many intermediate goods and raw materials from a year ago, prices received by manufacturers of finished sporting and athletic goods declined in June from both May 2011 and June 2010, according to data released
Census Bureau: June Leisure Product Sales Slip
Retail sales at sporting goods, hobby, book and music stores reached $7.30 billion in June, down 0.6 percent on a seasonally adjusted basis from May and up 3.3 percent on an unadjusted basis from June 2010, according to advance estimates released by the U
Sport Chalet Founder Norbert Olberz Passes Away
Snow sports and outdoor industry icon Norbert Olberz, founder of Sport Chalet Inc., passed away from natural causes on Friday, July 15, 2011. He was 86…
Equip Outdoor Technologies Acquires Lowe Alpine; Sees Re-launch of Apparel Line
Equip Outdoor Technologies of the United Kingdom has acquired the assets of Lowe Alpine and plans to reintroduce its apparel line in the United States, possibly as early as Fall/Winter 2015 after establishing an apparel design center at its U.S. headquart
Worldwide Buying Group Appoints New Buyers
Two new buyers have joined Worldwide as of July 2011. Steve Apple is responsible for Fishing Tackle, Marine/RV, Hardware and Pet Supplies and Ryan Wells is the new Footwear Buyer…
Academy Sports Seeks $840M Loan for KKR Buyout
Academy Sports + Outdoors Inc., which is being acquired by the buyout firm KKR & Co., is seeking an $840 million term loan to back the deal, according to Bloomberg…
O’Neill Appoints Sales Manager for Men’s Footwear
O'Neill Clothing hired Courtney Kincaid as its new national sales manager for O'Neill footwear and men's accessories. For the past five and a half years, Kincaid served various roles with Reef, most recently as director of sales for the Ame
Adidas/Argentina Extend Sponsorship
Adidas and the AFA (Argentine Football Association) extended their sponsorship agreement until December 2022. The extension agreement comes as a result of the close relationship between both parties that started over 37 years ago. At the 1974 FIFA World C
Social Networking Leading to Surge in Group Exercise
Rather than locking young people into an inactive lifestyle, social media may be driving the younger generation into more social forms of fitness, including group exercises, according to a study released Thursday by the Sporting Goods Manufacturers Associ
