Sentencing in UA Stock Fraud Case
A federal judge has sentenced a 43-year-old Baltimore man to 2 1/2 years in prison for a stock fraud scheme involving Under Armour. Ronald Bowen was sentenced on mail fraud charges in U.S. District Court in Baltimore, according to the Baltimore Journal. H
School Budgets Face Another Squeeze
Already under pressure for years, school budgets are expected to take another huge hit due to the economic downturn. At some schools, athletic spending has already been frozen for the remainder of the year, but with many budgets already set for the curre
Rawlings Files Suit against Easton for Trademark Infringement
Rawlings Sporting Goods Company, Inc. on February 6 filed suit against Easton Sports Inc. in the U.S District Court for the Eastern District of Missouri Eastern Division, alleging infringement on its Titan trademark. According to the filing, Rawlings has
Element 21 Cuts Operating Loss
Element 21 Golf Company generated fiscal Q2 revenue of $430,651, an increase of 168% compared to revenue of $255,801 in the same period in fiscal 2007…
Westfield to Cut Operating Hours
According to reports, Westfield Group will cut operating hours at most of its 55 U.S. malls. Most of Westfield Group's malls will open 30 minutes later and close 30 minutes earlier on weekdays, spokeswoman Katy Dickey said. About a third will close a
Chick’s Headquarters to Close
According to local reports, the Covina, CA headquarters for Chick’s Sporting Goods will close as its new owner, Dick Sporting Goods, continues to absorb operations…
WFSGI Nominates Two for Board
The World Federation Sporting Goods Industry has announced the nomination of two new members to its board. Andrew Rubin, CEO of Pentland Brands plc, and Kevin Plank, chairman and CEO of Under Armour were announced as nominees on Feb. 16, 2009. “Their ba
Rocky Brands Swings to Profit in 2008
Rocky Brands management said they were very pleased with the company’s fourth quarter results, as the company reported only slight declines in revenues within a tumultuous environment for the footwear retail industry…
Gander Mountain Expects Q4 Earnings to Rise
Gander Mountain Co. said it expects consolidated sales for the fourth quarter of approximately $333 million, compared to $318 million in the year-ago period, a 4.9% increase. Net income is expected to reach approximately $20 million compared to net income
K-Swiss Opens Store in
K-Swiss plans to open its first-ever running retail store in the Tienmu area of Taipei, Taiwan. To celebrate the grand opening, K-Swiss will host a high energy 10K Race in Taipei that has already attracted the maximum capacity of 2,500 runners on Sunday,
Billabong Posts Strong Sales Growth, But Margins Suffer
Billabong reported that first half net sales jumped 22.1% as healthy growth in the company’s home Australasian market was outpaced by stronger gains in the Americas and Europe. Net sales grew to A$808.6 million ($632.6 mm) from A$662.0 million ($575.2 mm)
Wall Street Icon John Shanley Loses Battle with Cancer
John Shanley, the top-ranking veteran footwear and retail research analyst at Susquehanna International Group, passed away last Sunday, after battling with bladder cancer for more than four years. He was 65 years old. Shanley had 25+ years of experience
Billabong H1 Sales Rise as EBITDA Stays Flat
Billabong reported that first half net sales jumped 22.1% as healthy growth in the company’s home Australasian market was outpaced by stronger gains in the Americas and Europe. Net sales grew to A$808.6 million ($632.6 mm) from A$662.0 million ($575.2 mm)
Sport-Haley Sees Q2, First Half Results Tumble Across Board
Sport-Haley, Inc. reported net sales of fashion apparel for the three months ended Dec. 31 were $3.2 million, a decrease of $1.2 million, or 26%, from net fashion apparel sales of $4.4 million for the comparable three-month period in the prior fiscal year
Crocs Q4 Revenues Slump 44%
Crocs, Inc. reported revenues fell 43.9% for the three months ended Dec. 31, to $126.1 million compared to $224.8 million a year ago. The comfy shoe manufacturer reported a net loss of $33.2 million, or 40 cents per share, in the latest quarter…
