SGMA: H1 Athletic Footwear Spending Rises 5%
SGMA International is reporting that consumer spending for athletic footwear during the first six months of 2004 rose 5% over spending during the same period in 2003, according to research by The NPD Group. Spending during the first half was $7.73 billio
Nike Beats Fiscal Q1 Street Estimates; U.S. Futures Up 11%
NIKE, Inc. reported that revenues for the fiscal first quarter ended August 31 increased 18% to $3.6 billion, versus $3.0 billion for the same period last year. Net income totaled $326.8 million, or $1.21 per diluted share, compared to $261.2 million, or
Fu Sheng Acquires Certain Coastcast Assets
FS-Precision Tech Co LLC, a subsidiary of Fu Sheng Industrial Co, Ltd., has acquired the non-golf business and certain assets of Coastcast Corporation. The all cash transaction included the Rancho Dominguez facilities and assets. Coastcast has retained it
Atomic Tunes Race Department
In preparation for another season of World Cup racing, Atomic Ski is pleased to announce the promotion of Jake Strassburger to its Race Department. Having worked with Atomic for three years, Strassburger fills the newly created position of Race and Promot
Jarden Corp. Acquires Coleman Parent Company
Jarden Corporation has signed a definitive agreement to acquire privately held American Household, Inc. for $745.6 million in cash for the equity and the assumption or repayment of indebtedness. American Household is the parent of The Coleman Company, Inc
Reebok Inks Deal with Streetwear for Big and Tall Collection
Reebok International has joined with Streetwear Inc. to launch a collection of Reebok “Big and Tall” men’s fitness, core and NBA licensed apparel. Ideal for large athletes and fitness enthusiasts, the collection debuted last month exclusively at 430 “Cas
adidas-Salomon Sees Shift in Central Europe Management
After more than 16 years with the company, Michael Rupp, currently Managing Director of adidas' Area Central (AC) will take a one-year- break from his responsibilities at adidas-Salomon. Effective September 27, Ulli Gritzuhn will join adidas-Salomon
Kohl’s Appoints Federated Vet as Footwear GMM
Kohl's Department Stores has announced that Chris Capuano is joining the company as EVP/GMMfor Home and Footwear. She will report directly to Kevin Mansell, Kohl's president. Prior to joining Kohl's, Capuano was senior vice president-Home
Reebok Recalls Toddler Shoes
After receiving a customer complaint about its ‘Iverson/Answer’ mid and low-athletic toddler shoes, Reebok has voluntarily recalled the product, in cooperation with the CPSC. The company stated in a release that the ‘I-3’ logo on the shoes was easily remo
New Quarter, Same Story: Outdoor Group Drives Wolverine’s Q3 Gains…
Wolverine World Wide saw sales increases at three out of four of its brand divisions in the fiscal third quarter ended September 11 combine with improved profits in all divisions to contribute to the eleventh consecutive quarter of both record revenue and
TNF Hires Real Branding for Interactive Advertising
The North Face has selected Real Branding of San Francisco as the company's Interactive Advertising Media Agency of Record. Real Branding's responsibilities will include: integrated strategy and media planning; research and analysis along with o
Globe International Appoints Hill CEO
Globe International has appointed Matt Hill as chief executive officer of the company. Mike Sonand, Globe’s former chief executive officer, will be appointed as chief operating officer and will report to Hill. Matt is the younger brother of Globe founde
Eldorado Climbing Walls Acquires Franklin Climbing Hold Business from BDE
Eldorado Climbing Walls has acquired Franklin Handholds from Black Diamond Equipment, Ltd. Franklin's complete line of climbing handholds will be manufactured and distributed out of Eldorado's headquarters in Boulder, CO. Black Diamond Equipment
Kryptonite’s ‘Bic’ Glitch
Kryptonite Locks hit a small design glitch that could potentially have serious consequences for the brand. It turns out that due to the use of ‘tubular cylinders’ in many of the company’s mid and low price-point locks allows the locking mechanism to be pi
Wilderness Act Turns 40
As hundreds of wilderness activists converge on the
nation’s capital to celebrate the 40th anniversary of the landmark Wilderness Act, the Sierra Club is also pausing to celebrate the birthday of one of America’s legendary wilderness champions. Dr. Edgar
