Taurus Aquires Heritage Manufacturing
Taurus, the manufacturer of firearms, has acquired Heritage Manufacturing, Inc. of Opa Locka, FL, which produces the Western Single Action Revolver. Terms of the transaction are undisclosed…
Adidas Marketing Exec Sent to Prison in Fraud Scheme
Britney Obstar, a former marketing manager at Adidas, was sentenced today by United States District Judge Garr M King to serve one year and one day in prison for orchestrating a fraud scheme that resulted in a $336,000 loss to Adidas. Judge King also orde
Shimano’s Revenues and Profits Surge on Warm Q1 Weather
Shimano Inc. reported sales rose 22.7 percent in its first quarter ended March 31, to ¥62.5 billion ($756.3 mm) while net income vaulted 217.2 percent to ¥7.0 billion ($84.7 mm). Benefiting from a mild winter in the U.S. and Europe, both its cycling and f
Columbia Sportswear Fined for Mislabeling Pesticide-Treated Apparel
Columbia Sportswear Company had to relabel several shipments of pesticide-treated apparel and pay a $22,880 fine after being found in violation of federal pesticide rules, according to a settlement with the U.S. Environmental Protection Agency…
Leonard Armato Steps Down at Skechers
Leonard Armato is exiting from his role as president of Skechers Fitness Group. Michael Greenberg, president, Skechers USA Inc., told SportsOneSource that Amarto, who joined Skechers in 2010, will become chairman of Leverage Agency, a sports-marketing fi
Nike Executive Charged With Attempted Aggravated Murder
Nike executive James Speidel is accused of trying to blow up his Bethany, OR home in an attempt to kill his wife and four children. Speidel, 36, is charged with five counts each of attempted aggravated murder and first-degree attempted assault, along wit
RECALL: 3,000 Gerber Instant Knives
Gerber Legendary Blades of Portland, OR initiated a voluntary recall of about 3,000 Gerber Instant knives because the locking mechanism on the spring-assisted blade can fail to engage properly, causing the blade to fold during use, posing a laceration haz
LaCrosse Footwear’s Outdoor Group Sees Modest Gain
LaCrosse Footwear, Inc. reported a profit of $560,000, or 8 cents a share, in its first quarter, rebounding from a loss of $650,000, or 10 cents, a year ago. Revenues jumped 31.7 percent to $33.3 million, led by its work/military segment although its outd
Brunswick Q1 Earnings Up Amid Signs Boat Business is Improving
Brunswick Corporation reported operating earnings rose slightly on slightly lower sales in the first quarter amid strengthening demand and sales of its Fiberglas and aluminum boats. Sales also grew at its Bowling and Billiards segment, were essentially fl
Mavic Names Hugh Walton General Manager
Mavic, Inc. has hired cycling industry pioneer Hugh Walton as general manager. Walton brings more than 25 years of hardgoods and softgoods experience to his new position at Mavic, including knowledge gained while in leadership positions at Pearl Izumi, Hi
Puma SE Q1 Profits Hurt by Europe Slowdown
Puma SE reported that consolidated first quarter sales increased 6.1 percent to €820.9 million ($1.08 bn) despite a low-single-digit decline in the EMEA region. Currency-neutral sales rose 4.2 percent. Overall gross margin declined 120 basis points
Puma Q1 Net Earnings Decline, Backs Full-year View
Hampered by a slow-down in Europe, Puma reported earnings slid 4.9 percent in the first quarter as gross margins slid 120 basis points. Sales rose 6.1 percent. On a currency-adjusted basis, sales were down 1.4 percent in the EMEA region while growing
Lafuma Group Reports Robust Outdoor Sales for First Half
Sales revenue for the Lafuma Group in the first half of fiscal 2011/12 increased 8 percent to €132.1 million as strong growth of its outdoor brands and in Asia more than offset a decline at its action sports business and flat sales at its equestrian
Reed Footwear Hires New Sales Teams
Reed Footwear, Seattle based footwear company specializing in neoprene boots and fishing waders, has filled multiple sales positions throughout the country…
Russell Athletic Launches Uniform Builder App
Russell Athletic launched a uniform builder application for iPad, a mobile interface that allows coaches, athletic directors and sports enthusiasts to create and save unique uniform designs on the go. The application, which is free and one of the first o
