Wolverine World Wide Amends Credit Agreement
On Oct. 10, Wolverine World Wide, Inc. amended its loan agreements, according to a filing with the Securities & Exchange Commission. The amendment provides for a $775 million term loan and a $200 million revolving loan facility…
Octane Fitness Seeks Historic Ruling From US Supreme Court
The United States Supreme Court recently agreed to hear a petition by Octane Fitness LLC, which is seeking well over $1 million in attorneys fees after defeating a patent lawsuit brought by Icon Health & Fitness, Inc…
Nike Sets Target for FY17 Revenues of $36 Billion
At its annual investor meeting last week at its Beaverton headquarters, Nike, Inc. announced its goal to deliver $36 billion in revenue by fiscal year 2017. The company also stated that it expects to deliver revenues of $30 billion by fiscal year 2015, at
Adidas CEO Confident of 2015 Goals
In an interview with the German magazine, Handelsblatt, Herbert Hainer, Adidas’ CEO, expressed confidence that Adidas would achieve its Route 2015 goals with the help of a “significant increase” in profits in 2014…
Primaloft Adds Two Positions in Advance of Major Product Announcements
Primaloft has hired Eric Ritter as product development engineer and Jared Cieslewicz as a territory sales manager in preparation for several major product announcements…
SIA Releases State of the Industry Video
Snowsports Industries America released the third annual State of the Industry Video as well as category-specific videos for alpine skiing, Nordic skiing and snowboarding to help members review how the 2012/13 season ended…
Sports Marketing Surveys USA Partners with AA Data Company
Sports Marketing Surveys USA (SMS USA) entered into a partnership arrangement with AA Data Company LLC, based in Grass Valley, CA. AA Data is the leading provider of retail audit sales information to the surf and skateboard industry through its ActionWatc
Firearm Industry Affected by Government Shutdown
According to the National Shooting Sports Foundation federal agencies that provide customer services to the firearms and ammunition industry are affected by the government shutdown in a number of ways.
Leica Sports Optics Names Brian Bell National Sales Manager
Leica Sports Optics, a leading manufacturer of high quality binoculars, rifle scopes, spotting scopes and rangefinders announces Brian E. Bell as National Sales Manager for its U.S. division.
Fila Sign Multi-Year Partnership with JTCC
Fila and The Junior Tennis Champions Center (JTCC) announced a multi-year agreement to promote Fila’s performance tennis apparel, footwear and accessories at one of the nation’s top USTA Regional Training programs…
G.H. Bass to be Sold to G-III Apparel
PVH Corp. signed a definitive agreement to sell substantially all of the assets of its G.H. Bass & Co. footwear division to G-III Apparel Group, Ltd. for approximately $50 million in cash. The transaction is expected to close in the beginning of the fourt
Ben Hogan Attains License for Headwear and Sports Bags
PEI Licensing, Inc., a wholly owned subsidiary of Perry Ellis International, has entered into a license agreement with Bioworld Merchandising Inc., granting rights for Ben Hogan men's and women's hats and sports bags…
DSW Set to Open Stores in Harlem and the Bronx
DSW Inc. announced the opening of two new stores this fall in New York City. DSW opens its Harlem store on 125th Street on Friday, Oct. 11 and its new Bronx location at Bay Plaza on Thursday, Oct. 31…
Department of Education Announces $32 million in 2013 PEP Awards
On the final day of FY2013, the Department of Education announced the Carol M. White Physical Education Program (PEP) Grant Award winners…
Hydration Vests Face Marathon Bans
In wake of the April 15 bombings at the Boston Marathon, both the New York City Marathon and Marine Corps Marathon have banned hydration vests. The list of banned items at the New York City Marathon includes strollers, vests with pockets, and “costu
