Former President of Circle Systems Group Admits Fraud
David Drill, the former president of Circle Systems Group Inc., the sports equipment refurbishing company, admitted Tuesday to submitting phony quotes and giving gifts to athletic directors, equipment managers, trainers and coaches in return for business,
Jarden Corp. Recognized by Business Week
Jarden Corp said it has been named to BusinessWeek's newly-released list of the World's Most Influential Companies. Noted as a company that is a “master of its domain” in the consumer goods industry, Jarden's recognition on the annual list
NRF Asks Obama for Tax Holidays to Stimulate Economy
The National Retail Federation has asked President-elect Barack Obama to incorporate a series of national sales tax holidays into upcoming economic stimulus legislation as an important step toward rebuilding consumer confidence, saying short-term gains fr
National Shopping Behavior Study Reports Department Store Spending Drops
Consumers continued a six-year trend of steering away from department stores during the holiday season, but the uncertain economic times were not the only reason. Those surveyed in the Ninth Annual National Shopping Behavior Study indicated that departmen
RECALL: Atomic Skis Bindings
The U.S. Consumer Product Safety Commission, in cooperation with Atomic Skis, announced a voluntary recall of Alpine Ski Bindings. The recall covers about 125,000 units as well as an additional 1.0 million were sold outside the U.S…
Pro V1 Saga Continues: Injunction Stay Denied
A three judge panel of the United States Court of Appeals for the Federal Circuit on Tuesday denied a request by The Acushnet Company to stay a previously-granted permanent injunction to stop sales of infringing Titleist Pro V1 golf balls. Acushnet Compan
Nike Files $760M Shelf Registration
Nike Inc. registered $760 million in new debt with the Securities and Exchange Commission. Proceeds may be used for debt refinancing, working capital, capital expenditures, investments in units and other general corporate purposes…
Census Bureau: October Sporting Goods Sales Off 2.3%
The Monthly Retail Trade Survey, prepared by the U.S. Census Bureau, reported sales in sporting goods stores of $2.60 billion (preliminary) for the most recent reporting month (October), a 2.3% decline from $2.66 billion in October 2007, according to the
Snow Shuts Nike Down for the Week
Nike will close its Beaverton-area headquarters until next Monday to avoid putting employees at risk, company officials told The Oregonian. More than 6,000 people work at Nike headquarters, and many more visit every day to do business…
NRF Proposes Tax-Free Holidays
The National Retail Federation is asking President-elect Barack Obama to add a series of national sales tax holidays in the anticipated economic stimulus legislation. The federation says such holidays would be an important step toward rebuilding consumer
Nike Inc. Weathers Storm by Executing on Basics
Nike, Inc. has a clear advantage in the current market as consumers and retailers focus on brands with the most strength and resiliency in a tough economy, but that doesn’t keep the company from making the same type of cost-cutting decisions that their le
Adrenalina Continues to Stalk PacSun
Tiny action sports retailer Adrenalina last week revealed that it withdrew its $5-per-share offer to buy Pacific Sunwear of California due to the steep decline in prices of PacSun's shares. But it now plans to take a buyout offer directly to sharehol
FIFA Names Official Merchandiser for 2010 World Cup
Total Apparel Group, Inc. has been appointed by FIFA's Exclusive Worldwide Master Licensee, Global Brands Group (GBG), for a multi-year exclusive Distribution Rights agreement within the United States, Caribbean and U.S…
American Rec Further Consolidates Outdoor Brands Under New Umbrella
American Recreation Products will replace dozens of outside reps with an in-house sales force over the next 30 days in a bid to cut costs and reach earnings targets of Sun Capital Securities Group LLC. The move is part of a broader reorganization of the
Soles4Souls Files Suit Against Distributor for Selling Donated Shoes on eBay
Soles4Souls has filed a lawsuit against Gleaning for the World, Inc. and other parties after Soles4Souls discovered that donated pairs of Minnetonka Moccasins that were supposed to be distributed to needy people in Africa were being sold for profit on eBa
