China’s Gas Prices to Rise 16% Friday
China said Thursday night that the country on Friday will raise prices of gasoline and diesel oil by 16% and 18% respectively in response to rising energy prices, the New China News Agency report. Government officials did not say how the price rise might
Heelys Rolls Out First Video Skate Contest
Heelys, Inc. launched its first-ever video competition for amateur skaters on June 21, in conjunction with Go Skateboarding Day. Beginning July 15 through July 31, contestants can upload a one to four minute video that showcases their skills and love of s
Skins Inc. Appoints CFO
Skins Inc. appointed Michael Solomon as CFO, effective immediately. Most recently, Solomon served as SVP and controller of Nexxar Group Inc., a global payment transmitter and processing company. Prior to that, he held several top executive titles, includi
Garmin to Title Sponsor Cycling Team
Garmin International Inc. announced its title sponsorship of Slipstream Sports, an elite cycling team that will be showcasing its dedication to clean competition in one of the biggest events in professional sports: the Tour de France. Team Garmin will tra
Alleson Athletic to Make Uniforms for Under Armour
Alleson Athletic reached an arrangement to make custom uniforms for youth, high school and collegiate teams under the Under Armour brand. Terms of the acquisition were not disclosed. The company said the Under Armour work could potentially double its sale
Swany Wins Red-Dot Award for G-Cell Glove
Swany has won the coveted Red-Dot award for design excellence for the second time in three years. The Red Dot award is given to the outstanding design in a particular Field, and there are 3,208 designs submitted from 51 countries. Swany won the award with
Chinese Output up 16.3% Through May
Chinese output rose 16% in May, while domestic investment grew much faster than foreign investment during the first five months of the year, according to the National Bureau of Statistics of China…
Gart Capital Finances Luggage Chain Expansion
Denver-based Gart Capital Partners and Colorado Baggage Co. have teamed up to buy Dallas-based Bag’n Baggage out of bankruptcy for $10.5 million. The deal will create Colorado Bag'n Baggage with 44 stores in 13 states and $40 million in sales…
lucy activewear Names VP of Merchandising and Marketing
lucy activewear inc. has appointed Kira Karmazin as VP of merchandising and marketing for the lucy brand. Karmazin is charged with the development of strategic brand growth strategies to position lucy for long-term success. Karmazin brings over 18 years o
Americans Drive Less for Sixth Month in a Row
Americans drove less for the sixth month in a row, according to the U.S. Department of Transportation. Vehicle miles traveled on all public roads for April 2008 fell 1.8% compared with April 2007. This marks a decline of nearly 20 billion miles traveled
Gildan Named in Investor Class-action Lawsuit
Gildan Activewear Inc. is facing the possibility of a $500-million class-action lawsuit over allegations executives earned millions by selling shares before news of problems at the company's Dominican Republic plant sent the stock plummeting. German
Moody’s May DownGrade Quiksilver
Moody's Investors Service put Quiksilver Inc.'s ratings on review for a possible downgrade as it tries to sell its ski equipment unit Rossignol. As reported, Quiksilver plans to sell Rossignol, a French company it bought in 2005. The company has
ASICS Sends Apparel to Quake Victims; Sponsor Tokyo Marathon
ASICS Corporation subsidiaries in China, ASICS Shanghai Trading Co., Ltd. and Jiang Su ASICS Co., Ltd. have donated sports apparel to the victims of the earthquake in Sichuan, China. The donation of about 9,000 T-shirts and polo shirts has a retail value
Nike Files Suit Against EMS Over Dri-Fit Online Ads
Nike, Inc. has filed suit against Eastern Mountain Sports (EMS) over the retailers use of the DRI-FIT mark in e-commerce operations. Specifically, Nike took offense at EMS’ use of DRI-FIT in paid search-term-based advertisements on Internet search engines
Recovering Paddle Program Gets $4K Donation
Chattagnooga retailer and Grassroots Outdoor Alliance member Rock/Creek has teamed with Keen to donate $4,000 to the City of Chattanooga to help rebuild their kayaking program, which was devastated by an April fire at a boat shed…
