Axcent Sports, the exclusive supplier of Descente cycle, run, triathlon and fitness apparel in the USA and Canada has been granted an extended license in the same categories for all of Europe including many non-EU nations, as well as Australia, New Zealan
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Timberland Begins 8th Annual Serve-a-palooza
Meeting community needs is the order of the day for The Timberland Company, embarking on its 8th annual global “Serv-a-palooza,” a worldwide community service initiative on Thursday, September 22nd. From Zhuhai, China to Boston, Massachusetts, Timberland
FFR Finds the Perfect Cast in Denver
Like casting to a rising trout, more than 3,200 of the fly-fishing industry’s most motivated and knowledgeable business people capitalized on a market upswing in energy and enthusiasm at the 2005 Fly-Fishing Retailer World Trade Expo (Sept. 8-10, 2005).
SGMA’s Fly in for Fitness Accomplishes Goals
SGMA International’s Fly in for Fitness on September 20-21 was described as a gathering of passionate and committed leaders within the U.S. fitness industry. According to SGMA President Tom Cove, the Fly in for Fitness achieved its key objectives to prom
Federated Announces Realignment; Marshall Fields will Become Macy’s
Federated Department Stores, Inc. announced a series of strategic decisions to build its nationwide Macy's and Bloomingdale's brands and reduce costs. The retailer sees the moves stimulating long-term growth in sales while taking full advantage
Original Penguin to Expand Retail Footprint
Original Penguin is expanding its retail venture with a planned nationwide rollout, starting with Miami Beach in December 2005. The comapny's third retail store will open at the Fashion Mall in Newport Beach, Calif. in February 2006…
Nike Inc. Q1 Net Up 32% on Strength Across Regions
NIKE, Inc reported revenue for the fiscal first quarter ended August 31 revenues increased 8% to $3.9 billion, compared to $3.6 billion for the same period last year. Net income grew 32% to $432.3 million, or $1.61 per diluted share, compared to $326.8 mi
Russell Corp. to Miss Estimates; Katrina Will Hurt Even More
Russell Corporation announced today that it expects fully diluted earnings per share for the third quarter of 2005 to be between 50 cents and 60 cents and full year earnings in the $1.25 to $1.35 range on an ongoing basis, which is below the company'
Nike Inc. Sees Gaining Strength in Softer Market…
Nike, Inc. shares were up almost 8% on Monday in early trading after the company signaled a strengthening U.S. business and order backlog portfolio. A shift in demand creation spending to the fiscal second quarter also helped the bottom line, nearly offs
Yue Yuen Signals Negative Impact of Oil Prices, Labor Costs…
A key indicator may show that increasing oil prices and a growing Chinese economy are apparently working their way into the footwear manufacturing pipeline. Last week, Chinese footwear manufacturer Yue Yuen Industrial Limited reported a profit decline in
The Stride Rite Corp. Completes Saucony Acquisition…
The Stride Rite Corporation late Friday announced that it had completed the acquisition of Saucony, Inc. The acquisition is being financed with cash on hand and borrowings under a new $200 million revolving credit facility led by Bank of America, N.A. T
Retail Profit Growth Outpaces Vendors in Q2…
The Bicycle, Outdoor, and SnowSports market saw continued energy in the second quarter, fueled by successful IPO’s, additional acquisitions, and further consolidation of the business. The quarter saw the Retail sector outpace the Vendor sector in profit
SIA Joins OIF to ‘Get Fit with US’…
SnowSports Industries America Education Foundation joined forces with Outdoor Industry Foundation and several federal government agencies to promote the ‘GET FIT WITH US’ campaign. The SIA Education Foundation is the arm of SnowSports Industries America t
K2 Moves Völkl Performance Wear under Marker Umbrella…
K2 Inc. announced that Völkl Performance Wear, the apparel division of Völkl skis, will move under its Marker division in Salt Lake City, Utah. The 2005/2006 season will continue to be managed and serviced by Völkl Sport America in West Lebanon, New Hamps
Warnaco Swimwear President Appointed to International Swimming Hall of Fame Board
Roger Williams, president of the Warnaco Swimwear Group, was appointed to the new board of directors of the International Swimming Hall of Fame, joining 14 other business leaders and sports personalities it was announced today by Mark Spitz, Chairman of t
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