REI Selects Board Members
REI said cooperative members voted to return incumbents Ivar Chhina, Joanne Harrell and Chuck Katz to three-year terms on its board. Board election results were released after its annual membership meeting held Monday, March 30 at the Seattle flagship sto
Burton Founders Eliminate Own Salaries as Layoffs Occur
Burton implemented cost savings initiatives last week as it reduced head count and implemented a reduction in salaries across the board. In a move that should likely garner more attention than it has, Burton owners Jake and Donna Carpenter have chosen to
ECCO Sales Up Despite Tough Americas Business
ECCO posted another year of sales growth, though the recession had an obvious affect, slowing the mid-teens growth reported last year to mid-single-digit gains this year. Sales grew for the brown shoe, golf and performance businesses, but the company saw
The Walking Company to Restructure After Tough Q4
The Walking Company Holdings, Inc. reported fourth quarter net sales increased 3.9% to $ 79.6 million from $76.6 million last year as full year sales grew 3.5% to $241.5 million from $233.3 million in 2007. Sales growth was primarily due to the addition o
Active Ride Shop Latest Retailer to File for Bankruptcy Protection
Three relatively major sporting goods industry retailers filing for bankruptcy protection in the last four weeks signals the start of what many analysts suggest will be a trend for the first half of this year as the market looks to right-size itself withi
Ringstar Hires Director of Marketing and Brand Strategy
Chris Langathianos, a 12-year footwear veteran, has joined martial arts footwear manufacturer Ringstar, Inc. as Director of Marketing and Brand Strategy. In this new role, Langathianos will focus on developing the performance brand’s overall business stra
The Finish Line Narrows Q4 Loss Despite Comp Sales Decline
The Finish Line Inc.'s sales decreased 4.9% in the fourth quarter ended Feb. 28, to $364.1 million from $382.8 million a year ago. Consolidated comps were down 3.9%. By concept, comps were down 2.3% at Finish Line and 25% at Man Alive. The company re
ASICS Continues Sponsorship of Constantina Dita
ASICS Corp entered into a new four-year sponsorship contract for 2008 Beijing Olympic Marathon gold medalist Constantina Dita.The Kobe, Japan, sporting goods company has provided Dita with her footwear and clothing since 2003, and has had sponsorship agre
Targeted Endorsement Dollars Still a Wise Spend
Athlete and celebrity endorsement dollars are best spent when targeting a younger or minority sports or outdoor consumer in the U.S. That is one conclusion generated by the SportsOneSource 2009 Brand Strength Report that measures how American consumers v
Rossignol to Cut 30% of Workforce
Rossignol plans to reduce 30% of its global workforce, or about 450 jobs in total. According to www.france24.com, Rossignol chairman Bruno Cercley said in a statement that the layoffs were “unavoidable,” adding that the group was “determined to get back i
Jimmy Jazz Opens First Store in Indiana
Jimmy Jazz, the urban apparel and footwear chain, will be opening its first store in Indiana on April 3rd in the Lafayette Square Mall, located in the capital of Indianapolis. Additionally, Jimmy Jazz said it is anticipating up to 20 new store openings be
Lululemon Q4 Net Income Down on Comps Decline
Lululemon athletica inc. net revenue for the quarter ended Feb. 1, 2009 was $103.9 million, a 0.1% decrease from net revenue of $104.0 million in the fourth quarter of fiscal 2007. Net revenue from corporate-owned stores was $90.3 million, a decrease of 1
Active Ride Shop Files for Chapter 11 Protection
Active Ride Shop filed a voluntary petition for reorganization under Chapter 11 of the United States Bankruptcy Code. In a statement, the skate chain, based in Mira Loma, CA, is closing eight stores and plans to realign “its corporate support structure a
Report: Endorsements Most Important to Youth, Minorities
Athlete and celebrity endorsement dollars are best spent when targeting a younger or minority sports or outdoor consumer in the U.S. That conclusion is one element of the recent SportsOneSource 2009 Brand Strength Report that measures how American consum
Paragon Sports Launches First-Ever Spring Warehouse Sale
Paragon Sports will be introducing its their first ever spring warehouse sale event Thursday, March 26th – April 2nd, 2009. The sale will feature 50-80% off original prices across a wide range of categories…
