Ashworth Fiscal Q3 Loss Widens; Explores Sale
Ashworth, Inc. has retained Kurt Salmon Associates Capital Advisors as its financial advisor to explore strategic alternatives to enhance shareholder value. These include but are not limited to, a sale or merger of the company. The golf apparel company, w
Adidas to Sponsor Russia Football Union
Adidas and the Russian Football Union (RFU) announced a long-term partnership until 2018. Both partners will work together in order to promote football on all levels. Under the new agreement effective as September 1st, 2008 adidas will supply all RFU team
Poll: Excercize, Companionship Drive People Outdoors
Oprah Winfrey and Bill Gates topped the list of who Americans would like to take on a day-long hike, according to a survey released over the weekend and co-sponsored by CGPR (www.cgprpublicrelations.com) and Open Air Magazine, an active lifestyle publicat
Athletic Footwear a Ray of Sunshine in Cloudy August
As the numbers roll in for the retail fiscal month of August, it is pretty clear that retailers are looking to athletic footwear to keep footwear sales numbers in positive territory. While the later back-to-school season has clearly impacted retailers, a
Cole Haan Launches Sharapova Collection
Cole Haan, a subsidiary of Nike, announced Maria Sharapova will serve as a lead collaborator and the face of Cole Haan Sporting, a new collection for Spring 2009, rooted in sport and fashion. The collection introduces new technologies like Flywire which b
August Retail Sales Hurt by Economy, Inventories
Based on preliminary input from a number of executives reporting August retail comparable store sales results last week, the slumping housing market, higher fuel prices and an overall weaker economy wasn’t the only reason for a disappointing back-to-schoo
Jarden Corp. Sees Expanding Reach of Outdoor Brand Portfolio
Jarden Corp. upped its long term EPS guidance saying it was confident it can sustain 3% to 5% organic growth even if consumers stay closer to home to cut spending. President and COO Jim Lillie also said he expects the Jarden’s Outdoor Solutions business t
Collective Brands Q2 Profits Jump Before Litigation Charges
Collective Brands, Inc. saw second quarter net income fall as litigation charges associated with the K-Swiss and adidas lawsuits ate into the upside from the inclusion of the Stride Rite business this year. Excluding the one-time charges, earnings rose 42
Acushnet to Shift Production to Asia
The Acushnet Company plans to produce its top-selling Titleist Pro-V1 golf balls in Asia within 3 to 5 years. The company will trim domestic production of the Pro-V1 by about 20% and eliminate an estimated 100 jobs through attrition in coming years, accor
adidas Settles Three-Stripe Lawsuit Against Wal-Mart
adidas AG settled a trademark-infringement lawsuit accusing Wal-Mart Stores Inc. of copying its three-stripe design on sneakers. adidas and Wal-Mart filed a joint request on Aug. 29 to dismiss the three-year-old case in federal court in Portland, OR. A ju
Forzani Group Fiscal Q2 Hurt by Renovations; Q3 Off to a Good Start
Forzani Group Ltd. reported a 72% drop in second quarter profit as cool and wet summer weather, a tough economy and store renovations hurt results. Renovations at a number of key locations had a huge impact on sales growth, but management said it feels w
ASR Sees Slower Traffic, But Attendees Generally Pleased
The Action Sports Retailer show this past weekend was more subdued than it has been in years past, as relatively empty aisles reflected what some in attendance attributed to a difficult economy, a later back-to-school period or possibly the exit by sever
Study Finds Foot Locker Most Recognizable Sports Retail Brand
The Foot Locker retail brand is the most recognizable of all sports or outdoor retail brands in the U.S., based on a recent survey conducted by The SportsOneSource Group. The resulting How America Shops Study, released this week, found that 89% of all res
Sport Chalet Strikes Deal with UCLA
Sport Chalet, Inc. has signed an exclusive sponsorship agreement with the University of California at Los Angeles (UCLA). The deal gives SPCH a highly visible presence at UCLA for all home games from 2008 to 2011. In addition, Sport Chalet will receive Ol
Dick’s and MLS Target Low-income Kids with Shopping Spree
Dick's Sporting Goods will pair 50 disadvantaged kids with Major League Soccer players for shopping sprees. All of the participating children will be given a complimentary gift card and then accompanied through the store by an MLS player, who will he
