Escalade’s CFO Resigns
Escalade, Inc. said it has accepted the resignation of Terry D. Frandsen as vice president and chief financial officer. Robert J. Keller, Escalade's president and chief executive officer, said that the company and Frandsen had reached a mutual decis
Macy’s to Cut 7,000 Jobs
Macy's Inc. plans to cut 7,000 jobs, or 4% of its workforce, as it expects sales to remain sluggish through 2009. No store closings were announced. Staff reductions and other moves to restructure the company's operations, including grouping stor
Kmart Introducing Athletic Line
Kmart is introducing an exclusive athletic footwear and apparel collection called Protege and created by NBA star Al Harrington. The launch of Protege is part of Kmart's footwear re-launch which will feature new and exclusive brands both in stores n
Asics and Brooks in “Dead Heat” at Fleet Feet
Brooks caught up to Asics at Fleet Feet in 2008, but New Balance, Saucony and Nike also gained market share at the chain. As reported, Fleet Feet’s sales grew 14% to $86 million in 2008 on a 12% comp gain…
Karhu Holding and Karhu Sports Reach Settlement
Karhu Holding BV and Karhu Sports Oy reached an amicable settlement to their dispute over the Karhu trademarks. Karhu Holding BV was confirmed as the owner of the Karhu global trademark portfolio and will be responsible for the sale of all other products
Performance Running Brands See a Shift Sway From Motion Control Footwear
Like neutral cushioning and stability, motion control has been one of the traditional categories that performance running footwear brands and retailers have used to segment their products…
Johnson Outdoors Q1 Net Sales Fall 8.2%
Johnson Outdoors Inc. had net sales of $69.8 million for the first quarter ended Jan. 2, 2009, an 8.2% decline compared to net sales of $76.0 million for the prior year quarter. Loss from continuing operations of $6.9 million, or 76 cents per diluted shar
RECALL: L.L. Bean Ice Cleats
The U.S. Consumer Product Safety Commission, in cooperation with the L.L. Bean Inc., today announced a voluntary recall of the Stabilicers Lite Cleats…
Columbia Q4 Profit Drops, Sales Fall 6%
Columbia Sportswear Co. reported sales in the fourth quarter slid 6% to $354.9 million from $376.7 million for the same period of 2007. Sales included a 3% negative effect from changes in foreign currency exchange rates compared with the fourth quarter of
Hi-Tech Expands Global Outdoor Team
Global Sports and Outdoor brand HI-TEC has appointed two new Global Product Managers positions. Simon Bryant has been appointed in the role of Global Outdoor Lifestyle Product Manager. Bryant joins HI-TEC from UK based footwear brand Clarks where he speci
Titleist Introduces New Pro V1 Line
Titleist announced the introduction of the New 2009 Pro V1 and Pro V1x…
Canadian Company to Pay U.S. More Than $1 Million for Sale of Defective Bullet-proof Vests
Barrday Inc. and two related companies have agreed to pay the United States more than $1 million to resolve allegations that they violated the False Claims Act in connection with their role in the weaving of Zylon fabric used in the manufacture and sale o
EuroSocks North America Becomes EuroSocks International
EuroSocks North America, through a sale of assets to Sockwise, Inc has become EuroSocks International, Inc. Eurosocks International is now owned by Giuliano Cortinovis, owner of ARCOS S.P.A., the manufacturing factory in Italy that produces EuroSocks. Cor
Dorel Acquires Belgium Juvenile Products Company
Dorel Industries Inc. has purchased all outstanding shares of Belgium-based BABY ART bvba. Created in 2006, BABY ART bvba markets its products under the BABY ART and HOPPOP brands. The purchase price was US $5.3 million (4.1 million Euros). The transactio
Order Issued Against Eyewear Counterfeit Distributor
Luxottica Group S.p.A., the manufacturer of eyewear, announced the final order issued by the Consumer Protection Center of the Sharjah's emirate (United Arab Emirates) to destroy 143,700 counterfeited Ray-Ban sunglasses, found during a raid action at
