Northeast Snowstorm Impacts Holiday Sales
The blizzard that struck the Northeast on the day after Christmas, typically the third or fourth busiest shopping day of the year, is expected to lead to greater markdowns as stores make up for any lost sales…
Li Ning Sees Orders Slip for 2011 Second Quarter
Li Ning Co. reported recently that orders for the second quarter of 2011 have fallen 7% in footwear and 8% in apparel. Both apparel and footwear products saw their average retail prices increase by more than 8% for the quarter. Management for the Chinese
Confluence Acquires Bomber Gear
Confluence Watersports acquired Bomber Gear, a Colorado maker of technical apparel and performance skirts for the whitewater paddling market. The deal will round out Confluence Watersports’ accessories division, which includes premium paddle brand A
SIA: Preseason Snow Sports Sales Inch Up on Higher ASPs
Overall snow sports sales for the 2010/2011 snow sports season through October were up 1% in dollars but slipped 5% in units sold, according to a recent report from Snowsports Industries America. Apparel sales were down 6% in dollars and units due to R
Kazmaier Associates Promotes Ruxin to President
Kazmaier Associates, Inc. has promoted Bob Ruxin to president, succeeding founder Dick Kazmaier, who will serve as chairman…
Lead Concerns Prompt Lululemon to Recall Shopping Bags
Lululemon athletica inc. said it is voluntarily withdrawing some of the reusable shopping bags it gives its customers from its stores amid rising concern that such bags may contain enough lead to be banned from some landfills. The retailer invited its cus
2011 Jordan Classic to be Held in Charlotte
Jordan Brand, a division of NIKE, Inc. along with Kevin Durant of the NBA’s Oklahoma City Thunder, announced that the 2011 Jordan Brand Classic will be held in Charlotte, NC on Saturday, April 16, 2011 at the Time Warner Cable Arena…
New Era Acquires Brazilian Management Company MARC4
New Era Cap Co., Inc. has acquired a stake in MARC4, a privately-held fashion brand management company in Brazil…
Tourism Spending Outpaces GDP in Third Quarter
Real spending on travel and tourism grew more than three times faster than the overall economy in the third quarter, following an increase of 3.4% (revised) in the second quarter, according to the latest estimates by the Bureau of Economic Analysis at the
Brooks Sports Launches Brooks PR Invitational
Brooks Sports, Inc. announced the upcoming Brooks PR Invitational, an indoor track meet for the fastest high school runners in the U.S. Taking place on Sunday, Feb. 27, 2011, at the Dempsey Indoor track in Seattle, the Brooks PR Invitational will give qua
Arc ‘teryx to Defend Canada Goose Trophy at ORWM
Sixteen teams, including defending champion Arc'teryx, have signed up to compete in the second annual Canada Goose Cup street hockey tournament next month at Outdoor Retailer Winter Market. For the first time, each team will be allowed to recruit one
Heelys Donates $101,010 in Shoes to Camp Quality USA
Thanks to dozens of posts to the company's Facebook fan page, Heelys, Inc. said Camp Quality USA will be awarded $101,010 worth of shoes – over 2,000 pairs of shoes – in 2011. Camp Quality USA will distribute the gift to children engaged with the cha
Industry Vendors See Profit Growth Slow in Q3
The theme for the fiscal second quarter may have been “tighten, tighten, tighten” as sporting goods industry vendors focused on bottom line growth, but the trends for the third quarter have settled into a more normalized pre-recession pattern
Schutt Sports Acquired by PE Firm at Auction
Platinum Equity, a Los Angeles-based private investment group, submitted a winning $32.5 million bid for the assets of Schutt Sports at an auction last week in federal bankruptcy court in Delaware. The successful offer came after a 19-hour bidding maratho
Yakima Acquires Hubco Automotive in Step Toward Global Expansion
Yakima has acquired Hubco Automotive Ltd, the New Zealand maker of Whispbar, a rapidly growing vehicle roof rack system that uses aero bars to reduce the noise and improve the styling of such products…
