Innsbruck to Host First Youth Olympic Winter Games in 2012
Innsbruck, Austria will host the 1st Winter Youth Olympic Games in 2012. Innsbruck beat Kuopio, Finland in the final by 84 votes to 15. Following the 1st Summer Youth Olympic Games in Singapore in 2010, Innsbruck will be responsible for staging the 1st Wi
NOAA Issues Fines for Illegal Florida Spearfishing Charters
Natinal Oceanic and Atmospheric Administration (NOAA) has charged two dive business owners in Pensacola, Fla., with illegally operating spearfishing charters without the appropriate permits in federal waters off the Florida panhandle….
Survey: A Third of Major Retailers Cut Holiday Ad Spend
One-third (32%) of chief marketing officers (CMOs) at leading U.S. retailers state that their holiday marketing and advertising budgets have been reduced this season, according to a survey conducted in October by the accounting and consulting firm BDO Sei
NSSF Endorses Federal Excise Tax
The National Shooting Sports Foundation (NSSF) has been leading a broad coalition of sportsmen and conservation groups, including the Congressional Sportsmen's Foundation, National Rifle Association and Ducks Unlimited, in an effort to reform the fed
Puma Acquires Stake in Dobotex
Puma AG will take a majority stake in Dutch company Dobotex as of January 1, 2009. In a brief statement, the company, based in Herzogenaurach, Germany, did not indicate the size of the stake or the terms of the deal…
Reebok, AstroTurf Partner Up on Performance Study
Reebok has partnered with GeneralSports Venue, the exclusive U.S. licensee of the AstroTurf brand of synthetic sports turf products, to study the interaction between athletic footwear and field surfaces for athletes…
Adidas Buys Sensor Company
Physic Ventures announced that adidas International, Inc. has acquired Textronics, Inc. a developer of wearable sensors for use in fitness monitoring…
Daiwa Seiko Acquires Fourteen Golf
Daiwa Seiko Inc has acquired the entire share capital of Japanese golf club manufacturer, Fourteen Golf Inc. Best known for its wedges and hybrids, Fourteen Golf has been designing clubs for major manufacturers such as Titleist and Wilson for nearly 30 y
Bally Total Fitness Files for Chapter 11
Bally Total Fitness Corporation filed for voluntary Chapter 11 Bankruptcy Protection in the U.S. Bankruptcy Court for the Southern District of New York. Bally intends to use the Chapter 11 process to significantly reduce debt from its balance sheet while
Is This Really Christmas Spirit?
When SportsOneSource reported in late October that adidas planned to cut costs by implementing a hiring freeze and scrubbing plans for year-end parties, the brain trust at Sole Technologies, manufacturers of Etnies, Emerica and eS footwear, among other br
Collective Brands Gets Bump from Saucony and Sperry Top-Sider in Q3
The star for Collective Brands in the third quarter was its Stride Rite Group division, which grew sales on a pro forma basis by 11%, driven largely by double-digit increases in the International, Saucony and Sperry Top-Sider businesses…
Johnson Outdoors Whipsawed by Tough Economy
Johnson Outdoors has suspended dividend payments and will double its cost cutting efforts to prepare for a tough 2009 in the wake of a $51.7 million fourth quarter operating loss…
Flip Skateboards Shifts Distribution Partner
Flip Skateboards, Inc. has finalized a buy-out deal from a long term distribution agreement with Blitz Distribution, Inc. Effective immediately, the company has relocated the sales and distribution of its brand to NHS, Inc., in Santa Cruz, CA…
Billabong Cuts EPS Forecast on Weakening U.S. Sales
Billabong International Limited nearly halved its guidance on EPS growth for fiscal 2008-09 from 12% to 16% EPS growth down to 6% to 10% due to further deterioration in consumer sales, primarily in the U.S. The revised guidance implies full year sales gro
Long Beach Port Delays and Lowers New Container Fee
The Port of Long Beach has announced it will delay until at least July 1, 2009 a fee on 20-foot equivalent containers that was set to go into effect Jan. 1, 2009. Additionally, the port will lower the fee from $15 to $6. The Port of Los Angeles is expecte
