Adrenalina Launches Board Fight at Pacific Sunwear…
Adrenalina, which has made multiple bids to acquire Pacific Sunwear of California, has nominated a four-member slate to PacSun's board and called for the resignation of PacSun's CEO. In a letter dated Feb. 12, Ilia Lekach, chief executive of Adr
Cybex Posts Fourth Quarter Loss After Charge
Cybex International, Inc., reported a fourth quarter decline in sales and expects first quarter 2009 results to be similar due to the current “general economic conditions.”..
Gildan’s Q1 Earnings Tumble, Suspends Guidance
Gildan Activewear reported that fiscal first quarter net income tumbled 84.6% for the period ended January 4, primarily due to significantly lower unit sales volumes, combined with higher cotton and energy costs, and unfavorable product mix…
Asics Lowers Guidance Despite Solid Q3
Asics Corp. reported third quarter net sales of ¥60.42 billion ($628.9 mm), increasing 5.5% from net sales of ¥57.27 billion ($506.3 mm) last year. The company saw growth in both footwear and apparel more than offset a slight decline in equipment sales, b
Mizuno Lowers Outlook After Tough Q3
Mizuno Corp. had a difficult third quarter as continued softness in the global economy slowed sales and caused the company to lower its guidance for the fiscal year that ends at the end of March. The company now anticipates reporting a net loss for the fi
SEC Settles DKS Insider Trading Case
The U.S. Securities and Exchange Commission settled an insider trading case against four individuals, including the former vice president of real estate at Dick's Sporting Goods Inc., related to the DKS acquisition of Galyan's Trading Company in
WSA Show Can’t Live Up to Lowered Expectations
The WSA Show has rapidly devolved into a regional show once again – but the company that owns the show still has the floor space for a much bigger event. The empty aisles at the Sands Expo and Mandalay Bay had many wondering why show management had not c
REI 2008 Net Income Falls After Tougher Q4
REI said it plans to eliminate 61 full-time jobs, mostly at its Kent, WA headquarters and Sumner, WA distribution center, due to a “significant business slowdown in the final months of 2008 and continued projected weakness in 2009.”..
EORA Show Store Count Up as Companies Save Money
Many of the southeastern retailers who skipped OR Winter Market headed to Greenville, SC for the EORA/SWRA trade show this week. While most of these regional shows lack the big party atmosphere present in Salt Lake City, many vendors reported that more bu
American Recreation Products Names Jim Baumann as CEO
American Recreation Products has named Jim Baumann as its new President and CEO. Baumann’s appointment completes an extensive executive search process conducted by Sports Group International…
Electronic Arts Lends Names to Sports Toys
Electronic Arts, best known for its sports-themed video games like Madden NFL football and NBA Live basketball, is teaming up with Toy Island to create a line of athletic toys aimed at teaching kids how to play sports. The toys will use infrared sensors a
Karhu Sports and Karhu Holding Reach Settlement
Karhu Holding BV and Karhu Sports Oy have today announced that they have reached an amicable settlement of their dispute involving the ownership and control of the Karhu trademarks…
IPATH Sponsors Jamaican Surf Team
The Jamaica Surfing Association has attracted a sponsorship deal from IPATH, a footwear brand owned by Timberland. The contract which will run for two years in the first instance with a value in excess of a million Jamaican dollars per year includes cash,
Killerspin Signs India’s Table Tennis Champion
Shareth Kamal Achanta (Kamal), one of the world's top international table tennis champions, has agreed to an exclusive endorsement contract with Chicago-based Killerspin. Kamal, 26, is a native of Tamilnadu, India, and distinguished himself as the on
Report: Online Sales Decline in Fourth Quarter
In releasing its retail e-commerce sales estimates for the fourth quarter, comScore, Inc. said that online retail spending declined 3% versus year ago, the first recorded quarter of negative growth since comScore began tracking e-commerce spending in 2001
