Wolverine World Wide Q4 Earnings Climb on 23% Revenue Gain
Wolverine World Wide, Inc. reported revenue for the fourth quarter grew 23.2% to $385.0 million. Earnings climbed 53.2% to $25.6 million, or 52 cents a share, from $16.7 million, or 33 cents, a year ago. Adjusted for restructuring charges and other non-re
Pearl Izumi Hires OutsidePR
Pearl iZumi has hired San Francisco-based OutsidePR to serve as its outside public relations firm. The agency will focus on the company’s cycling, triathlon and run apparel, as well as its cycling and running shoes…
Worth Reaffirms Aluminum Strategy Amid Composite Moratorium
With Little League Baseball's moratorium on the use of composite bats in all baseball divisions creating controversy and confusion with consumers, Worth Sports is taking measures to assure parents of young players that their Worth bats are approved f
QBP Expands Inventory by 50% to Better Service IBDs
QBP has expanded inventory levels by more than 50% compared to this time last year to improve fulfillment to independent bicycle dealers. The initiative adds nearly $15 million of additional pre-season stock…
Skullcandy Takes Meteoric Growth to the Bank with Initial Public Offering
Headphone maker Skullcandy filed a registration statement with the Securities & Exchange Commission on Friday to raise up to $125 million in an initial public offering. Proceeds will be used to pay down debt and for working capital purposes…
JD Sports Acquires Ireland’s Champion Sports
JD Sports Fashion, the U.K. retailer, has agreed to acquire the Irish store chain Champion. JD Sports also agreed to advance €17.1 million ($23.4 mm) as a secured loan to allow Champion's outstanding debts to be settled…
JJB Sports Fined For Hiding Acquisition Costs
JJB Sports was fined £445,000 ($609,000) by the U.K.'s Financial Services Authority (FSA) for misleading the market over the cost of two acquisitions…
Tax Cuts Buoyed Early January Consumer Confidence
Tax cuts appeared to buoy consumer confidence in early January, but concern over rising fuel and food costs and flat wages could undermine confidence going forward, according to the Thomson Reuters University of Michigan Surveys of Consumers released Frid
Tapout Ordered to Pay Sales Rep $2.4 Million
A former Tapout sales representative who filed suit over a wage dispute was awarded $2.4 million in punitive damages by a Los Angeles Superior Court jury, according to a report in Beverly Hills Courier…
New Balance Foundation Donates $7M to Childhood Obesity Program
New Balance Foundation donated $7 million to Children’s Hospital Boston to establish the New Balance Foundation Center for Childhood Obesity Prevention, Clinical Research and Care. The gift will be used to transform the lives of overweight and obese
Spyder Reups Sponsorship with the U.S. Ski Team
Spyder Active Sports has been named as the official outwear provider of the U.S. Ski Team through 2016. The announcement at the SnowSports Industries America Snow Show in Denver extends a 21-year partnership between Spyder and the U.S. Ski Team…
RECALL: KEE Action Sports Paintball Gun
About 1,400 paintball guns from KEE Action Sports are being recalled. The U.S. Consumer Product Safety Commission said that when users attempt to pierce the CO2 cartridge by closing the lever to the cartridge chamber, the cartridge can fly out of the mark
Grassroots Outdoor Alliance Moves Summer Show to Ogden
The Grassroots Outdoor Alliance is moving its its 2011 Summer Show from Snowbasin to the Ogden/Weber Convention & Visitors Bureau, according to a report by Utah Business. While the show has outgrown facilities at Snowbasin, it also further validates the C
Jarden Expects Record Fourth Quarter Revenues
Jarden Corporation, which owns Coleman, K2, Marmot, Penn Rawlings and other outdoor and team brands, expects record revenues of at least $1.65 billion for the fourth quarter of 2010 and approximately $6.0 billion for the full year, according to preliminar
OBIT: Former NSGA Chairman John Cook Passes Away
John Cook, Sr., who served as chairman of the National Sporting Goods Association (NSGA) from 1987-1988, passed away on Sat., Jan. 15. He was 82 years old…
