Nike Inc. reported revenues increased 16% for the fourth quarter ended May 31, to $5.1 billion from $4.4 billion a year ago. Changes in currency exchange rates increased revenue growth by 7 percentage points for the quarter. Net income increased 12% to $4
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Veltec Adds Rep for Florida
Veltec Sports has added Charlie Allen as an outside sales representative covering the state of Florida. With over 10 years experience in outside sales in the bicycling industry, Allen has worked with Specialized Bicycle Components, Cannondale Bicycle Corp
Veltec Names New Florida Rep
Veltec Sports, which markets and distributes cycling brands, appointed Charlie Allen to the position of outside sales representative for the state of Florida.
Report: VF Corp. Closes Three Costa Rican Plants
VF Corp plans to close three factories in Costa Rica by July 16 and dismiss about 400 workers there, according to just-style.com. The announcement comes as Costa Rica is facing rising competition from nearby countries such as Guatemala and Nicaragua, whos
Traffic Light at SGMA Team Sports and Licensing Shows…
Not so surprisingly, traffic was lighter than many exhibitors were hoping for at the SGMA Team Sports & Licensing Shows held June 9-11 in Last Vegas. But some saleable items emerged in the aisles and business got done. One major overall trend was the cont
Snow Boosts Hardgoods in First Quarter…
Deep and lasting snow across much of the country restored gear vendors to profitability in the first quarter, but combined with weakening consumer confidence to push retailers into the red. While sales rose about 13% among softgoods and hardgoods vendors
Exxel Outdoors to Join OIA After Trade Flap…
When OIA told Congress last month that they should suspend duties on certain sleeping bags because there were no commercially viable U.S. manufacturers of such bags, Harry Kazazian was quite surprised. Kazazian is the founder and CEO of Exxel Outdoors Inc
SmartWool Founders Bypass Dealers with point6…
Six months after their no-compete agreement expired, SmartWool Founders Peter and Patty Duke have launched another merino wool sock company on-line. On Tuesday, their point6.com web site featured outdoor, active, lifestyle, cycling, running, skiing and sn
Owners of Tour de France and AEG Partner to Promote Cycling…
Amaury Sport Organisation S.A. (ASO) and AEG, owners respectively of the Tour de France and the Amgen Tour of California, have formed a marketing partnership to grow and develop each other’s events…
SportsOneSource Study Reveals Price Most Important Factor for SG Shoppers
The active sports lifestyle market may be surprised by how consumers view the retail landscape in the industry today. A recent study conducted by The SportsOneSource Group designed to assess the current buying habits of the American public found that pric
One-Third of U.S. House Co-Sponsors Affordable Footwear Act
The Affordable Footwear Initiative announced that 145 U.S. Representatives, or one-third of the U.S. House of Representatives, and 12 U.S. Senators – have become co-sponsors of the Affordable Footwear Act since the bill's introduction less than 10 mo
Owners of Tour de France and AEG Partner to Promote Cycling
Amaury Sport Organisation S.A. (ASO) and AEG, owners respectively of the Tour de France and the Amgen Tour of California, have partnered to cross promote each other's events. Beginning with the upcoming 2008 Tour de France and 2009 Amgen Tour of Cali
Dennis to Become Genesco CEO
Robert J. Dennis, president of the Genesco Inc., will assume the additional role of chief executive officer, effective August 1, 2008. Chairman and CEO Hal N. Pennington will continue as executive chairman of the company. Dennis was named president and c
Report: 20% of Athletic Goods Are Fake
Demand for fake fashion continues to grow at an alarming rate according to a new report from just-style, with captured shipments indicating that around 20% of all athletic merchandise is fake, according to a report by the British publishing and research f
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
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