DeLong Sportswear Assets Acquired by Daden Group
Daden Group Inc., based in Coralville, Iowa, has reached an agreement to purchase certain assets from Delong Sportswear. Daden Group will also lease DeLong’s corporate office and materials distribution center in Grinnell, Iowa. DeLong, a leading pro
Interbike and Bikes Belong Award Grants
Bikes Belong and Interbike have contributed $2,500 to the U.S Open Cycling Foundation (USOCF) for safe cycling seminars that will take place four times a day during OutDoor Demo East in Providence, Rhode Island Oct. 8-11…
Former Reebok Executive Purchases Vancouver’s Dayton Boots
Stephen Encarnacao, a former Reebok executive, has purchased controlling interest in Dayton Boots Enterprises, Inc. Encarnacao, Dayton's CEO since 2008, recognized the potential expects revenues to double in FY 2010…
ENI-JR286 Becomes Global Licensee for Nike Fitness Product
ENI-JR286, Inc., based in Redondo Beach, CA, has entered into a new exclusive long term relationship with NIKE, Inc. As per the agreement, ENI-JR286, Inc. will become the global licensee for certain Nike’s fitness and sports equipment accessories..
Nike, Inc. Overcomes Fiscal Q1 Sales Decline
Nike, Inc. saw shares rise 5.8% for the week to close at $62.02 on Friday despite a double-digit decline in fiscal first quarter revenues. The increase came as some analysts upgraded the stock after the company beat Wall Street earnings estimates on redu
Talking Growth at Thomas Weisel’s Consumer Growth Conference
At the Thomas Weisel Consumer Conference, executives began talking about ways to find growth for a change. While many cautioned that the market is not out of the woods yet and inventory and expense controls were in place, the execs appeared to agree that
Modell’s Sporting Goods Plots Strategy for “Rebirth” Initiative
In its biggest overhaul since changing its name from “Modell's Shoppers World” in the late 1980s to focus solely on sporting goods, Modell's Sporting Goods last week launched a comprehensive reinvention initiative entitled “Rebirth.”…
SGMA Moves Headquarters
The Sporting Goods Manufacturers Association (SGMA) moved its headquarters from Washington, D.C. to Silver Spring, MD…
Blacks Leisure to Shutter 89 Doors
Blacks Leisure, the U.K. outdoor chain, announced plans to close 89 stores across the group that have not “traded profitably for years”. The firm, which operates Millets, Blacks and O'Neill shops, also said it plans to lay off 50 employees at its Nor
Vail Resorts Fiscal 2009 Income Halved on Declining Skier Visits
Vail Resorts saw a very difficult year with declining sales and net income was cut in half for the fiscal year ended July 31, 2009. However, the ski resort holding company was easily able to stay profitable in spite of serious challenges in the hospitali
Patagonia Footwear and Chaco Restructure Marketing Teams
Wolverine World Wide will put additional marketing and product development support in place for both Patagonia Footwear and Chaco…
SGMA Moves Headquarters to Silver Spring, MD
The Sporting Goods Manufacturers Association (SGMA) moved its headquarters from D.C. to Silver Spring, MD. Tom Cove, president and CEO, told the Washington Business Journal, “The market has changed and we were moving in a different direction. We had a big
Chris Fuentes Becomes President of Sugoi, Stan Mavis Out
Chris Fuentes, a former VF Corp. exec, has been named president of Sugoi, the cycling and running apparel brand owned by Dorel Industries. He replaces Stan Mavis, who has left the company…
Escalade Amends Bank Agreement
Escalade, Inc. said it entered into a second amendment to Escalade's Credit Agreement with its issuing bank, JPMorgan Chase Bank, N.A., according to a filing with the Securities & Exchange Commission…
Iconix Brand Group Lowers 2009 Guidance
Iconix Brand Group, Inc. is revising its full year 2009 revenue guidance to a range of approximately $215-$220 million from prior guidance of a range of $223-$230 million. On a comparative basis, this revised revenue guidance for 2009 represents an increa
