Representatives from Outdoor Industry Association, REI, Columbia Sportswear, VF Outdoor/The North Face, REI, Scent-Lok Technologies, W.L. Gore and Associates and General Electric/eVent spent two days on Capitol Hill this week. The main item on the agenda
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Li and Fung Acquires U.S. Kids Sleepwear Firm
Hong Kong's Li & Fung agreed to acquire American Marketing Enterprises, a New York-based private label sleepwear firm, for around $128 million. AME's brand portfolio holds over 40 licenses with top licensors and includes Spiderman, Hanna Montana
Patagonia, prAna, REI, Nike and Timberland Earn Green Honors
Patagonia, prAna, REI, Nike and Timberland were ranked among the top ten retail frontrunners in leading the way toward sustainability at retail, according to Juice Energy, an electricity supplier with a focus on renewable sources. Others making the list w
Aquapac Inks Deal with Pale Morning Media
Aquapac will partner with Pale Morning Media for public relations and strategic media consulting…
NSGA Appoints Four to Hall of Fame
Ron Kruse, Hayden's Athletic; Augie Nieto, Life Fitness and Octane Fitness; the late Kihachiro Onitsuka, Asics Corp.; and the late Randy Renfrow, Fitness Resource, were elected the NSGA's Sporting Goods Industry Hall of Fame. The four new member
Garmin Q3 Sales Climb 79%; Earnings Grow 57%
Garmin Ltd. third quarter revenue was $729 million, up 79% from $408 million in third quarter 2006. Outdoor/Fitness segment revenue increased 24% to $88 million and the marine segment revenue increased 17% to $48 million. Diluted earnings per share increa
Pacific Cycles Q3 Earnings Decline as Sales Inch-Up
Dorel Industries Inc. third quarter revenue was $440.1 million, up slightly from $436.3 million last year. Net income for the three months was $26.4 million or 79 cents per diluted share, compared to $25.1 million, or 76 cents, a year ago. Pacific Cycle’s
SIA Moves Trade Show to Denver for 2010
SnowSports Industries America (SIA) will move their annual trade show to Denver starting in January 2010. SIA has signed an agreement to hold the event in Denver for ten years. SIA worked with the dates available at the Colorado Convention Center — the s
Sports Direct Doubles Stake in Umbro
Sports Direct, headed by U.K. billionaire Mike Ashley, filed papers notifying the London stock exchange that the retail chain has acquired a 29.9% stake in Umbro, almost doubling its original holdings in the company. Previously, Sports Direct owned roughl
Hanesbrands Inc. Inks Disney Deal
Hanesbrands Inc. signed a wide-ranging marketing deal with Walt Disney Co. that includes product co-branding, attraction sponsorships and signage at Disney parks and resorts. Under the 10-year deal, all basic apparel sold by Disney at its parks and resort
Spalding President to Retire
Scott Creelman, president of Spalding, is retiring March, 31st, 2008. Russell Athletic president, Doug Kelly will assume the overall managing responsibilities of both Russell Athletic and Spalding brands, which also includes Bike, Dudley, AAI and Huffy Sp
Nike Expands Soccer Footprint with Umbro Deal
It is ironic that in a week that saw American football invade London, as the New York Football Giants took on the Miami Dolphins in the first NFL regular season game outside the U.S., that an American company would reveal its plans to acquire the U.K.
Kellwood Names Izod Exec to Board
Kellwood Co. elected Robert Siegel to its board of directors. Siegel, currently the chairman, president and CEO of Lacoste-USA, has over 40 years experience in the retail and apparel industry, including top executive positions at Stride Rite and Levi'
ADA’s Fall Show Hosts Growing Group…
A short conversation with Pete Schneider, president of Athletic Dealers of America, Inc. at the ADA Fall Session in Kansas City last weekend showed the enthusiasm driving the rejuvenation of this buying group. Pete talked with sincere honesty about buildi
Corner Office Shuffle…
The sporting goods industry saw several companies making changes to their respective executive teams…
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