Travel Spending Lagged GDP Growth in First Quarter
Real spending on travel and tourism lagged overall GDP growth in the first quarter, growing at an annual rate of 0.6 percent, following an increase of 2.6 percent (revised) in the fourth quarter of 2010. The slowdown reflected a downturn in both domestic
Sources: ATF Director to Resign Following Gun-Running Operation
Kenneth Melson, the acting director of the federal Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) is expected to step down because of a controversial gun-running investigation that allegedly allowed for weapons to be sold to suspected agents of
NBS Adds Eight New Members
Nation’s Best Sports (NBS) – the nation's largest sporting goods buying group in North America by volume – has added eight new members this year…
Ryder Taps Mountain Bike Pro Schwartz as Brand Specialist
Ryders Eyewear has hired former pro mountain biker Joe Schwartz as brand specialist. A former brand ambassador for companies like Kona, Smith Optics and Bell, Schwartz has experience in product line development and web content development that will boost
Valley Sporting Goods Files for Chapter 11 Protection
Valley Sporting Goods, a 65-year-old store based in Modesto, CA, has filed for bankruptcy protection so it can restructure its debts and downsize its business…
Dick’s Sporting Goods Sees Academy Competition Less Formidable Outside Texas
Speaking at William Blair & Co.'s Growth Stock Conference last week, Dick's Sporting Goods Chairman and CEO Ed Stack said that Academy Sports may become a tougher competitor following its acquisition by KKR…
Jarden Sees Coleman Camping Gear Sales Very Strong at Mom and Pop Retailers
Jarden Corp. President and CEO Jim Lille reported that retail sales of its camping products have been strong since April and that it expects to make up fishing sales lost to Midwest flooding over the course of what forecast to be a long, hot summer…
Lafuma Reports 1H Profit for First Time in Four Years
Lafuma Group reported a profit for the first half of its fiscal year for the first time since 2007 despite flat sales thanks to tighter inventory and profit improvements at its Great Outdoor (Lafuma) and Mountain (Millet-Eider) divisions…
OBIT: Cameron Anderson
Cameron Anderson, who helped develop the Foot Locker chain while an executive with the Kinney Shoe Corp., died on June 11 at the age of 85…
Columbia Files EU Antitrust Complaint Against Gore
Columbia Sportswear said it and its Italian subsidiary, Italy’s OutDry Technologies S.r.l., filed a complaint with the Commission of the European Union against W. L. Gore & Associates, Inc., alleging the company violated EU competition laws by abusi
OIA Vantage Point: Weather Again Puts Damper on Outdoor Retail Sales in May
May retail sales were described as “hit-or-miss” across much of the broader retail landscape as consumers held back on big purchases amidst uncertainty about the economy, higher gasoline and food prices and unemployment figures that can’
Eyeblack.com Inks Licensing Arrangement with MLB
Beveridge Marketing's EyeBlack.com brand today announced that it has reached an agreement with Major League Baseball Properties to serve as an officially licensed manufacturer of products bearing the marks of all 30 MLB Clubs, as well as the officia
Dick’s SG Board Member Resigns
David I. Fuente, former chairman and CEO of Office Depot, has resigned from the board of Dick's Sporting Goods, Inc., according to an SEC filing. Dick's SG said Fuente resigned to “pursue other interests.”…
FIFA to Donate $6M in Aid to Japanese Soccer
Soccer's world governing body FIFA has decided to donate about $6 million in aid to clubs and areas affected by the March 11 earthquake and tsunami…
Newton Running Hires Marketing Agency
Newton Running, based in Boulder, CO, signed an agreement to retain Breakaway, a Boston-based marketing firm on June 15. Breakaway is charged with developing a new marketing strategy, conducting a rebranding process and redesigning Newton Running's p
