Nike Inc. is ending its sponsorship deal with the Livestrong Foundation, the charitable organization founded by cyclist Lance Armstrong. The termination ends a nine-year relationship…
Tag: People
REI, Foot Locker and Nike Opt Out of Swipe Fee Settlement
REI, Foot Locker and Nike joined the parade of major retailers bailing out of a proposed multi-billion-dollar settlement of an eight-year-old federal anti-trust lawsuit alleging Visa Inc. and Mastercard used anti-competitive tactics to set swipe fees…
OIA: House Proposal Would Gut Spending on Public Lands
Outdoor Industry Association (OIA) urged its members Friday to call their Congressional delegation to voice over a House budget proposal it said would devastate the nation’s public lands and risk billions of dollars in economic activity they generat
Sport Chalet’s Q4 Comps Surge on Strong Team, Online Sales
Sport Chalet, Inc. reported year-to-year comparable store sales growth of 6.8 percent for the fourth quarter ended March 31, enabling it to post its first fiscal year of comp growth since 2007. Revenue grew 23.1 percent at the Team Sales Division and 23.1
Altrec Raises $1.75 Million in Debt Offering
Altrec Inc., the outdoor specialty retailer that began online in 1999 and opened its first bricks-and-mortar store in 2011, raised $1.75 million earlier this month by selling debt and options, according to a document it filed with the Securities and Excha
Memphis Commits to Building 15 Miles of Bike Lanes by 2015
Memphis Mayor AC Wharton announced groundbreaking plans Wednesday to implement a network of protected bike facilities in a move that could transform a city identified five years ago as one of the country's worst for biking to one of its best…
Pacific Sunwear Q1 Loss Widens
Pacific Sunwear of California, Inc. reported sales from continuing operations for the first quarter of fiscal 2013 ended May 4, were $169.8 million versus net sales from continuing operations of $162.3 million a year ago. Comparable store sales increased
LaCrosse Footwear Appoints President
LaCrosse Footwear Inc., the parent of Danner and LaCrosse, appointed Robert Sasaki as its new president. Sasaki previously served as a finance director at Nike Inc., where he focused on Asia. Sasaki’s addition to the team is part of a larger investm
TGEN And Riddell Partner For Biomaker Study Of Concussive Injuries
The Translational Genomics Research Institute (TGen), and Easton-Bell Sports through its Riddell brand, announced they would work together on a study designed to advance athlete concussion detection and treatment…
REI Exited Two Factories Over Compliance Issues in 2012
REI stopped doing business with two of its more than 130 offshore factories in 2012 after they either failed to respond adequately to remediation plans or were not forthright about their stand on hiring minors, the company disclosed in its 2012 Stewardshi
Mizuno’s Americas Revenues Grow Double-Digits in Fiscal Year
Mizuno Corp. reported earnings slid in its fiscal year ended March 31 due mainly to an increase in SG&A expenses and in purchasing costs. But overall footwear sales remained healthy, especially running shoes in the Americas where net sales set a record to
Mountain Resorts Performed Best in East
Eastern mountain resorts fared far better than their western counterparts over the winter, according to the latest data released by the Mountain Travel Research Program. Results were boosted by a big surge in April, when actual occupancy rose 28 percent a
Brown Shoe Co. Announces Sale of Avia and Nevados
Brown Shoe Company, Inc. announced it has sold Avia and Nevados for $74 million, with the transaction closing immediately. Galaxy Brand Holdings, Inc. acquired the Avia and Nevados brands, while Brown Shoe Company is retaining Ryka, and other brands, and
Connecticut Weighs $3 Million Loan to Keep Cannondale in State
Connecticut Governor Dannel P. Malloy announced that the State Bond Commission will consider a $3 million loan to assist Cannondale Sports Unlimited (CSU) establish a new headquarters and add 75 new jobs in Wilton. The company will handle marketing, resea
Zamst Signs Pro Beach Volleyball Star
Zamst, the maker of sports protective equipment, announced an endorsement deal with pro beach volleyball player Whitney Pavlik. Pavlik was the #1 ranked female player…
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