Best Buy Invests in Mobile Fitness Earbud Tech Firm
Valencell, Inc., a Raleigh-NC based mobile health and fitness technology company, said it has received $5.5 million in Series B venture investment. The round was led by Best Buy Capital, the investment group of Best Buy Co., Inc., with participation from
Law Firm Tells CLC, Universities Not to Limit Licensed Apparel Sales
A Washington, D.C.-based law firm has sent a letter to the Collegiate Licensing Co. and 27 Football Bowl Subdivision schools demanding that they stop an alleged “concerted effort” to limit the number of manufacturers allowed to make collegiate apparel ite
Travel Spending Lagged GDP Growth in First Quarter
Real spending on travel and tourism lagged overall GDP growth in the first quarter, growing at an annual rate of 0.6 percent, following an increase of 2.6 percent (revised) in the fourth quarter of 2010. The slowdown reflected a downturn in both domestic
Two Ten Footwear Foundation President Steps Down
Two Ten Footwear Foundation President Peggy Kim Meill has stepped down, effective Aug. 1. A search committee has been formed, headed by Jim Salzano, president of The Clarks Companies NA and Vice Chair of Two Ten…
Dick’s SG Board Member Resigns
David I. Fuente, former chairman and CEO of Office Depot, has resigned from the board of Dick's Sporting Goods, Inc., according to an SEC filing. Dick's SG said Fuente resigned to “pursue other interests.”…
Apple’s Retail Chief to Head J. C. Penney
Ron Johnson, who joined Apple more than a decade ago to build the computer company’s retail stores, has been named J.C. Penney’s next chief executive, effective November 1…
Dick’s Sporting Goods Sees Academy Competition Less Formidable Outside Texas
Speaking at William Blair & Co.'s Growth Stock Conference last week, Dick's Sporting Goods Chairman and CEO Ed Stack said that Academy Sports may become a tougher competitor following its acquisition by KKR…
OBIT: Cameron Anderson
Cameron Anderson, who helped develop the Foot Locker chain while an executive with the Kinney Shoe Corp., died on June 11 at the age of 85…
Columbia Files EU Antitrust Complaint Against Gore
Columbia Sportswear said it and its Italian subsidiary, Italy’s OutDry Technologies S.r.l., filed a complaint with the Commission of the European Union against W. L. Gore & Associates, Inc., alleging the company violated EU competition laws by abusi
Eyeblack.com Inks Licensing Arrangement with MLB
Beveridge Marketing's EyeBlack.com brand today announced that it has reached an agreement with Major League Baseball Properties to serve as an officially licensed manufacturer of products bearing the marks of all 30 MLB Clubs, as well as the officia
NOCSAE Approves $1.1 Million to Fund Concussion Research
The National Operating Committee on Standards for Athletic Equipment (NOCSAE) awarded $1.1 million in research grants to advance the science of sports medicine – specifically related to concussion. NOCSAE approved several grants recommended by the organiz
FIFA to Donate $6M in Aid to Japanese Soccer
Soccer's world governing body FIFA has decided to donate about $6 million in aid to clubs and areas affected by the March 11 earthquake and tsunami…
Newton Running Hires Marketing Agency
Newton Running, based in Boulder, CO, signed an agreement to retain Breakaway, a Boston-based marketing firm on June 15. Breakaway is charged with developing a new marketing strategy, conducting a rebranding process and redesigning Newton Running's p
TandC Surf Raises $82K for Japan Relief Efforts
Through the sales of their “Malama Japan” T-shirts, T&C Surf Designs Hawaii raised $82,000 for the American Red Cross (ARC)– Japan Earthquake and Tsunami Relief Fund. That's a lot of T-shirts!…
Retail Container Traffic Close to Flat through July
Import cargo volume at the nation's major retail container ports is expected to remain at about the same levels as last year through July before starting to resume increases later this summer, according to the monthly Global Port Tracker report relea
