Globe International reported a widened net loss for fiscal 2008 as sales declined in each of the company’s regions. Overall, Globe lost A$24.6 million ($22.1 mm) after a loss of A$3.1 million ($2.4 mm) on total revenues that were down 3.0% to A$122.3 mill
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New Karhu Owners Moving Ahead Despite Dispute
KARHU Holding BV is moving forward with plans to launch the Karhu brand worldwide despite a dispute with the Finnish company that sold it exclusive global rights to the brand in late June…
Sport Chalet Sponsors USC
Sport Chalet, Inc. has secured an exclusive three-year sponsorship deal with the University of Southern California (USC) to become the “Official Sporting Goods Store of USC Athletics.” The agreement allows Sport Chalet the opportunity to enhance and expan
Soles4Souls Aids Hurricane Ike Victims
Soles4Souls Inc., the international charity dedicated to providing free footwear to those in need, has sent 85,000 pairs of shoes to victims of Hurricane Ike in the past two days, and is actively seeking assistance from donors and manufacturers to help fu
Coast-to-Coast Run Targets Childhood Obesity
Ultra-marathoner Charlie Engle has teamed up with the United Way to shine a light on childhood obesity and the need for youth fitness programs. Engle, who recently ran across the Sahara Desert to raise awareness and funds for water projects in Africa, wil
25th Annual Gauley Fest to Feature Product Give-away
Manufacturers have donated $6,000 worth of paddling gear for a contest to help American Whitewater sell memberships at the 25th Anniversary of its annual Gauley Fest in West Virginia next weekend. Liquid Logic, Werner Paddles, Astral Buoyancy and other br
Puma Exec Joins Keds
Puma exec Tom Morgan will join Keds in the newly created role of SVP of global sales. Beginning in early October, Morgan will manage domestic and international sales for the Keds, Grasshoppers and Pro-Keds brands…
Lululemon Athletica Q2 Net Income Doubles, Comps Jump 18%
Lululemon Athletica Inc.reported revenues grew 48% in the second quarter ended Aug. 3, to $85.5 million from $57.9 million a year ago. Income from operations increased 52% to $15.5 million from $10.2 million. Net earnings more than doubled to $11.1 millio
Stanford Honors Phil Knight
Stanford University's newest building will bear the name of Nike Inc. founder Phil Knight. The university's Graduate School of Business on Wednesday broke ground on the new Knight Management Center, a 360,000-square-foot, eight-building campus t
ASG Hires EVP, Sourcing and Inventory
American Sporting Goods announced the recent hire of Keith Dunlap in the position of EVP of sourcing and inventory. With over 25 years of sourcing and operational experience in the footwear industry, most recently with the Nine West Group and Fila USA, In
Poll: Excercize, Companionship Drive People Outdoors
Oprah Winfrey and Bill Gates topped the list of who Americans would like to take on a day-long hike, according to a survey released over the weekend and co-sponsored by CGPR (www.cgprpublicrelations.com) and Open Air Magazine, an active lifestyle publicat
Lehman Acquiring Minority Stake in SRAM
Lehman Brothers Merchant Banking (LBMB) has agreed to purchase a minority stake in the bicycling components maker SRAM. While terms of the deal were not disclosed, SRAM will use part of the proceeds to establish a $10 million SRAM Cycling Advocacy Fund to
Eurobike Reports High Attendance and Confidence
Eurobike is reporting record attendance of 36,800 trade visitors from 75 countries, 18,000 bicycle fans at its Open House Day and 1,430 journalists from 32 countries. Ninety percent of the trade visitors surveyed rated the economic situation as stable to
Collective Brands Q2 Profits Jump Before Litigation Charges
Collective Brands, Inc. saw second quarter net income fall as litigation charges associated with the K-Swiss and adidas lawsuits ate into the upside from the inclusion of the Stride Rite business this year. Excluding the one-time charges, earnings rose 42
Quiksilver to record ‘Significant’ Loss on Rossi Sale, DC Leads the Pack in Fiscal Q3
Quiksilver, Inc. ended its fiscal third quarter with a sales increase derived largely from the effects of shifting currency exchange rates, but the prospect of getting the Rossignol business off the books helped to buoy management’s outlook. As detailed
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