Wolverine to Cut 450 Jobs; Acquires Cushe
Wolverine World Wide, Inc. announced a strategic restructuring plan that the company said will create significant operating efficiencies, improve its supply chain and create a stronger global brand platform. When fully implemented, the company expects the
Costco December Comps Slightly Drop
Costco Wholesale Corporation reported net sales of $7.40 billion for the month of December, the five weeks ended Jan. 4, 2009, a decrease of two percent from $7.55 billion in the same five-week period last year. Total company comparable sales for the five
WFSGI Names Sasai to International Sports Committee
The WFSGI has appointed a new member for its Committee on International Sports Organization (CISO), Yutaka Sasai, Marketing Manager of Asics, and a member of the WFSGI…
December Comp Sales Flat for Ross Stores
Ross Stores, Inc. saw sales of $802 million for the five weeks ended Jan. 3, 2009, a 6% increase over the $755 million in sales for the five weeks ended Jan. 5, 2008. Same store sales for the five weeks ended Jan. 3, 2009 were flat on top of a 3% increase
Shimano American Acquires Fishing Line Manufacturer
Shimano American Corporation has completed its agreement to acquire Innovative Textiles, Inc., the company best known as the makers of PowerPro braided fishing line, announces Dave Pfeiffer, Shimano American president…
SIA: Economy Won’t Keep Skiers/Boarders Off Slopes
SnowSports Industries America (SIA) recently released information from their SnowSports Consumer Panel. According to the study, skiers and riders are concerned about the economy, but they plan to participate as they always do, particularly if the snow con
Shock Doctor’s Injunction Upheld by Federal Court
Shock Doctor, Inc., announced that its preliminary injunction against competitor XO Athletic Company has been upheld by a federal appeals court…
CW-X Sponsors U.S. Telemark Ski Association
CW-X Conditioning Wear, a division of The Wacoal Sports Science Corporation, will become the “Official Baselayer Supplier” of the U.S. Telemark Ski Association. The agreement will put members of the U.S. National Telemark Ski Team in CW-X Tights and Tops
Skechers, Adjmi Team Up for Kids Apparel Line
Skechers USA said that Adjmi Apparel Group has been named the licensee for a new Skechers-branded children’s clothing line set to launch in Fall 2009 at department, specialty and online retailers that carry Skechers Kids footwear…
Thorlos Makes Changes in Rep Coverage
Sock manufacturer Thorlos has selected Tom and Tony Karas with Robb Green of T & T Manufacturers to provide coverage for the state of Colorado. Thorlos' long-standing representative Jan Gulliksen will also continue in his current capacity with the co
PINE Surf Shop Destroyed in Fire
Long Beach Island’s PINE Surf Shop and Gallery was destroyed in a fire on Monday, Dec. 30, reported various media outlets. The shop, a blend of surfing and art, was opened eight months ago and the owner Julie Goldstein is currently hopeful but unsure as t
Perry Ellis Slashes Outlook for Q4
Perry Ellis International, Inc. announced that, based on preliminary results from its holiday season and estimates for initial deliveries of Spring 2009 merchandise, the company anticipates revenues for the fourth quarter ending Jan. 31, 2009 at the $200
2008 Was Rough, But What Exactly Will 2009 Look Like for the Industry? (Year in Review)
With the popping of the housing bubble quickly wreaking havoc across Wall Street and global economies, the sporting goods industry suddenly faces its biggest challenge since the Great Depression…
Holiday Was Just as Tough as Everyone Expected
Holiday 2008 proved to be just as disappointing for many in the retail sphere as everyone worried beforehand. Though anecdotal evidence from much of specialty retail held slightly better results than the general market…
Sheri Poe Out at MBT
MBT reports that Sheri Poe will no longer serve as CEO of U.S. operations. Ken Pucker, who was named interim global CEO in early November, will assume her responsibilities for managing the U.S. entity of MBT…
