Adidas Forms Joint Venture to Distribute Reebok in South America
Adidas AG and Brazilian shoe company Vulcabras SA have agreed to form a joint venture to sell shoes, shirts and other sports apparel from Reebok in South America. The two companies said that the joint venture will sell Reebok-made products in Brazil and P
Timberland Names European Wholesale Footwear Director
Mike Lynskey has been appointed European wholesale director of footwear brand Timberland. Lynskey was previously managing director for the outdoor group Europe at Wolverine, and had responsibility for its Merrell, Sebago and Patagonia brands in Europe…
Heelys Extracts $1.4M and Licensing Deal in Settlement…
Heelys, Inc. has agreed to settle its patent and trademark infringement dispute with Elan-Polo, Inc. for $1.4 million. Heelys also reached a licensed agreement with Elan-Polo to sell certain wheeled sneakers. Under terms of the settlement, Elan-Polo will
Connecticut Retailer Blazing New Trail in New Haven
Connecticut retailer Trailblazer is living up to its name by splitting its 9,000-square-foot store in downtown New Haven into three smaller specialty shops that will focus on its two most popular categories, action sports and the traditional outdoor sport
B.O.S.S. Goes One-On-One with Grassroots’ Dave Matz
Dave Matz, president of Grassroots Outdoor Alliance, attended ispo china winter 08. In the following interview, we asked him about his impressions of the outdoor industry in China, where he addressed dozens of members of the Chinese Outdoor Retailers Asso
NGF: January Rounds Played Slump 4.3%
The National Golf Foundation reports that rounds played for the month of January decreased 4.3% for th month, compared to the same period last year. The group noted that this downturn does not necessarily bode poorly for the year ahead as January typicall
Steven Madden CEO Resigns
Steven Madden Ltd.'s chairman and chief executive, Jamieson Karson, has resigned. The company said Edward Rosenfeld, executive vice president of strategic planning and finance, has been named interim chief executive…
Nike Reports 15.7% Third Quarter Revenue Increase
Nike, Inc. posted a strong fiscal third quarter as sales jumped 15.7% to $4.54 billion for the period ended February 29, 2008 from $3.93 billion for the same period last year. Changes in currency exchange rates increased revenue growth by 6 percentage poi
Li Ning Sales Rise 36% on Strong Chinese Demand
Li Ning Group Limited, one of the leading sports brand enterprises in China, said revenue grew by 36.7% to RMB4.35 billion ($572mm) for the year ended Dec. 31. The company's LI-NING branded products saw sales surge 34.0% to RMB4.24 billion ($558mm).
Reebok Pays $1MM Fine for Lead Jewelry
Reebok International will pay a record $1 million civil penalty to settle allegations that it imported and distributed charm bracelets that contained toxic levels of lead, the U.S. Consumer Product Safety Commission said. The agency said in March 2006, a
Washington Bicyclists Team with German Embassy
Just weeks after cycle advocates made their annual pilgrimage to Washington D.C. to lobby Congress for greater support of cycling, the Washington Area Bicyclist Association (WABA) announced it had found government support of another sort. WABA said it has
SIA: Snow Sports Sales on Course for 13% Growth this Season…
U.S. snow sports sales for the August through January period grew at 13% and are likely to keep on that track through the end of the season, according to research released last week by Snowsports Industries America…
City of Chicago Adopts Bicycle Safety Ordinance…
The Chicago City Council passed an ordinance Wednesday that allows the city to fine motorists from $150 to $500 for endangering cyclists. The new fines would apply to motorists caught parking or otherwise obstructing a bike lane, turning left or right in
Foot Locker, Inc. Takes its Lumps in Q4 and Gears Up for Improved 2008 Comps…
Foot Locker, Inc. suggested that the 2007 Holiday season was one of the most difficult retailing periods in the U.S. in many years, but the world’s-largest-athletic-specialty-retailer saw the trend early and aggressively liquidated inventories to end the
A Look Inside the GSCO/FINL Settlement…
At the beginning of its quarterly conference call with analysts, Genesco chairman and CEO Hal Pennington provided an overview of the details of the settlement with The Finish Line and UBS. While the settlement calls for GCO to receive a cash payment of $
