Fire Destroys Adidas Factory in India
An Adidas factory in Gurgaon, India was gutted in a fire on Tuesday, according to www.thaindian.com. There were no casualties…
Smith and Wesson Buys Universal Safety Response
Smith & Wesson Holdings Corp said it would buy privately held Universal Safety Response Inc (USR) in a cash and stock deal, for up to $26.2 million to enter the rapidly growing perimeter security market…
President Obama to Create New Office of Youth Sport
President Barack Obama is forming a White House Office of Olympic, Paralympic, and Youth Sport. The office will promote the values of the Olympic movement and encourage increased youth participation in athletics…
H2O Audio Partners with Michael Phelps
H2O Audio, the maker of waterproof headphones and accessories, has formed a multi-year partnership with 16-time Olympic medalist and 17-time World Champion swimmer Michael Phelps. Phelps will collaborate on product development and marketing initiatives…
OIWC to Promote Women’s Designers at Summer Market
OIWC is launching a new program at Outdoor Retailer Summer Market designed to promote women's products while highlighting the women's designers. OIWC will provide custom hangtags that help tell the story and they will produce a printed Lookbook
Billabong Raises $232mm in Capital
Billabong International Ltd said it has raised Australia $291 million (U.S. $231.7mm) from institutions and retail investors in a rights issue. The oversubscribed retail rights issue raised $61 million ($48.6mm), and the company raised around $230 million
Under Armour’s Footwear SVP Raphael Peck Resigns
Raphael Peck has resigned as SVP of footwear at Under Armour to pursue other opportunities. Adam Peake, VP of sales at the company, will serve as interim executive in charge of footwear while a search for a permanent successor continues…
IHRSA Survey: Health and Sports Clubs Show Q1 Weakness
The International Health, Racquet and Sportsclub Association (IHRSA) said its survey of 18 leading U.S. health and sports club companies showed decreases in total sales, membership revenue, and non-dues revenue from first quarter of 2008 to first quarter
Cloudy Business Outlook Lingers for Industry
While some indicators are offering some hope that the economy's slump is bottoming out and a recovery is around the corner, many participants in the sporting goods industry aren't yet buying it. Sports Executive Weekly explored the industry'
Lululemon Moderates New Store Plans and Costs Rise and Growth Slows
Lululemon Athletica intends to continue with its current plan of opening six stores this year despite a continued soft market and tighter gross margins. The vertical retailer said that for the past six months it has been concentrating on real estate stra
Quiksilver Swings to Profit in Fiscal Q2; Lays Out Three-Part Restructuring Plan
Quiksilver, Inc. swung to a profit in the second fiscal quarter ended April 30, but the Q2 rebound seemed almost an afterthought as management laid out a three-part financial restructuring plan that includes a $150 million loan from Rhone, a private equit
OIA: April Retail Reflects Stabilizing Market
Retail sales for all core outdoor stores combined (chain, Internet, specialty) grew 2% compared to last April, moving from $339 million to $347 million, according to the most recent edition of The Outdoor Industry Association (OIA) Outdoor Topline Report.
SIA Adds Events to Denver Show
SIA announced a number of new events for its Snow Show, which is moving from Las Vegas to Denver in January 2010. Among the new features is an On-Snow Demo/Free Ride Fest, Feb. 1-2, three additional days of free lift tickets for Retailer Attendees before
Mammut Sees Strong 2009 Start
In the first four months of fiscal 2009, the worldwide economic crisis had a massive impact on the performance of the Conzzeta Group as a whole, but the company’s subsidiary, Mammut Sports Group, reported a strong sales gains…
New Balance Campaign Highlights Domestic Manufacturing
New Balance launched a national celebration of its domestic manufacturing workforce through an online documentary and awareness campaign, including print, radio and online advertising. New Balance in its statement also revealed that its 2008 worldwide sal
