<p>Dick's Sporting Goods Inc. agreed to pay up to $15 million to settle a class-action lawsuit brought by current and former employees who say they weren't properly paid overtime and were made to work through breaks…</p>
<p>Fortune Brands, Inc., the parent company of Acushnet, reported earnings and sales improved significantly for the fourth quarter ended Dec. 31 against a prior-year period that included substantial charges…</p>
<p>Asics Corporation reported that revenues for the fiscal third quarter ended Dec. 31 grew 11.2% to ¥59.5 billion ($721 mm). Domestic Japanese net sales declined 12.9% (versus a 9-month YTD decline of 6.0%) to ¥13.8 billion, mainly due to the weak sales of </p>
<p>Johnson Outdoors said “transformative actions,” during the fourth quarter ended Dec. 31 – including higher volumes, improved operating efficiencies and sustained cost reductions – significantly moderated losses for what is traditionally the w</p>
<p>DSW Inc. and its largest shareholder, Retail Ventures, Inc. announced that the two companies have signed a definitive merger agreement providing for RVI to become a wholly-owned subsidiary of DSW…</p>
<p>Gildan Activewear reported net earnings for the first fiscal quarter ended Jan. 2, 2011 were U.S. $35.9 million, or U.S. 29 cents per share on a diluted basis, including a restructuring charge of U.S. 1 penny per share related to the consolidation of U.S.</p>
<p>Nike, Inc. announced that Roger Wyett, VP and chief executive officer of Hurley International, will become president of Nike Affiliates. Nike Affiliates includes Cole Haan, Converse Inc., Hurley International LLC and Umbro Ltd. Separately, Jan Singer, mos</p>
<p>Lafuma Group’s sales edged up 1.9% to €52.4 million ($71 mm) in its fiscal first quarter ended Dec. 31 from a year earlier. Excluding the costs of a transition to a new partnership in China, growth for the quarter would have been 3%…</p>
<p>David Baker, who founded Summit Hut in 1969, has sold the landmark Tucson outdoor retailer to long-time employee Dana Davis. Baker will stay on to guide Davis through the transition over the next 18 months…</p>
<p>Apparel executives concerned about growing margin pressure got mixed news last week on the cost front. On the one hand, textile mills lead a long list of industries paying increased prices in January, according to the latest Manufacturing ISM Report On Bu</p>
<p>Shimano Corp. reported consolidated net sales reached ¥213.6 billion ($2.43bn) in 2010, up 14.4% from 2009. Ordinary income rose 37.9% to ¥27.8 billion ($317.5mm) and net income doubled to ¥19.1 billion ($218.1mm)…</p>
<p>Timbuk2, the maker of messenger bags, announced its sponsorship of the Kelly Benefit Strategies-OptumHealth Pro Cycling team…</p>
<p>Industry veteran Jeff Schneider has joined Giant Bicycle as global gear marketing manager… </p>
<p>Dave Baker, who founded Summit Hut in 1969, has sold the landmark Tucson outdoor retailer to long-time employee Dana Davis. Baker will stay on to guide Davis through the transition over the next 18 months…</p>
<p>Wolverine World Wide's Outdoor Group announced two key executive appointments to drive strategic growth for Merrell and Chaco. Seth Cobb has been named vice president and general manager of Merrell and Chip Coe will serve as vice president and genera</p>
