Li Ning to Cut Staff to Lower Costs
Li Ning Co Ltd said it will reduce its staff count in a move to lower costs. The move comes after the Chinese footwear giant had predicted its revenue for 2011 had fallen by 6 to 7 percent year-on-year. The company plans to reduce its human resources cost
SustainAbility, Inc. Releases Findings Around Zero Discharge Roadmap
SustainAbility, Inc. released the findings from its consultation of select stakeholders regarding the draft roadmap developed by six footwear and apparel brands to eliminate the discharge of hazardous chemicals from their supply chains by 2020. The brands
Deaths Of Headphone-Wearing Pedestrians Increase
Serious injuries to pedestrians listening to headphones have more than tripled in six years, according to new research from the University of Maryland School of Medicine and the University of Maryland Medical Center in Baltimore. In many cases, the cars o
Blizzard Skis Returned to Profitability in 2011
Blizzard Skis CEO Helmut Exenberger said the Austrian ski maker returned to profitability in 2011, according to a report in FriedlNews.com.
Nielsen Expositions Doubles Profits in 2011
Nielsen Holdings N.V.'s expositions business, which owns the Outdoor Retailer and Interbike shows, rebounded nicely in 2011, according to the company’s fourth quarter earnings report. Adjusted EBITDA at Nielsen Expositions doubled to $4 million
Black Diamond Sales Growth Slowed in Fourth Quarter
Black Diamond's sales growth slowed considerably in the fourth quarter. The company said its expects to report consolidated sales grew 6 percent to more than $36 million in the quarter ended Dec. 31, 2011. By comparison sales for the fiscal year grew
Weihenmayer Lands Sponsor for Next Solider to Summits Base Camp
The engineering firm ARINC has signed on as the official base camp sponsor of the second expedition of “Soldiers to Summits,” which is planning to ascend Mt. Cotopaxi in Ecuador this December. Soldiers to Summits was founded by Erik Weihenmaye
NOCSAE Board Takes Action On Football and Baseball/Softball Equipment Standards
At the winter meeting of the NOCSAE Board of Directors, held Jan. 20 and 21, several sporting goods equipment issues were addressed by the NOCSAE Board. In its most immediate decision, the NOCSAE board voted to move the proposed Youth Football Helmet Stan
PGA TOUR Superstore Owner Donates $1 Million to The First Tee
Arthur M. Blank, through The Arthur M. Blank Family Foundation, will donate $1 million to The First Tee, supporting the youth development organization's goal of reaching 10 million new young people from 2011 to 2017…
Stein Mart Sales Slide in Fourth Quarter
Stein Mart, Inc. today reported comparable store sales for the four-week period ended Jan. 28 decreased 3.9 percent. Total sales for the January four-week period were $60.1 million, a decrease of 4.3 percent from $62.8 million in the same period last year
Bon-Ton’s January Comps Down 3.5 Percent
The Bon-Ton Stores, Inc. today announced comparable store sales for the four weeks ended Jan. 28, decreased 3.5 percent. Total sales decreased 3.2 percent to $174.4 million for the four weeks compared with $180.1 million for the prior year period…
Macy’s January Comps Up 2.0 Percent
Macy’s, Inc. today reported total sales of $1.336 billion for the four weeks ended Jan. 28, an increase of 2.0 percent compared with total sales of $1.31 billion in the four weeks ended Jan. 29, 2011. On a same-store basis, Macy’s, Inc. sales
Ross Stores Sees 5 Percent January Comp Gain
Ross Stores, Inc. reported sales for the four weeks ended Jan. 28, 2012 of $483 million, an increase of 10 percent over the $441 million in sales for the four weeks ended Jan. 29, 2011. Same store sales for the four weeks ended January 28, 2012 grew 5 per
Nike Invents A Shoe For Athletes With Prosthetic Limbs
Nike is introducing a new sole utilizing state-of-the art design methods and technologies to create a lightweight, durable composite sole that can easily be used with Össur's Flex-Run prosthetic blade for amputee athletes…
New Non-Profit to Fund Battle Against Sport Induced Concussions
Sports Care Connect was created Wednesday to provide both funding and leadership in the battle against sport-induced concussions. The a new 501(c)(3) non-profit plans to fund baseline testing of young athletes, training of properly certified trainers, too
