According to court documents, 154,927 claims were received in the class action suit against Vibram USA, representing 279,570 pairs of FiveFingers. The lawsuit, filed two years ago and recently settled, alleged Vibram used unsubstantiated claims about the
Tag: Supplier
Perry Ellis Dismisses Buyout Talk
Perry Ellis International, the parent of several major golf brands and the Nike swim licensee, showed progress in its turnaround efforts, slashing its loss in the third quarter amid continued sluggish sales. But the apparel conglomerate spent much of last
Billabong’s U.S. Business on the Rebound
At its annual meeting last week, Billabong International Ltd. said U.S. sales are returning to growth for its flagship brand, Billabong, and reaccelerating for RVCA. For the Billabong brand, wholesale sales in the U.S. for the fiscal first quarter ended S
GoPro to Raise $97MM in Stock Sale
GoPro, which went public on June 26, is expected to raise $96.5 million before underwriting expenses through the sale of 1.29 million shares in a secondary offering. The offering was priced last Thursday at $75 a share…
Foot Locker Q3 Earnings Rise 15 Percent
Foot Locker, Inc. reported third-quarter earnings rose 15.4 percent to $102 million, or 82 cents a share. Excluding a non-recurring charge, earnings rose to 83 cents from 68 cents, exceeding consensus estimates of 79 cents a share.
Third quarter comparabl
Nike Raises Quarterly Dividend 17 Percent
Nike, Inc.'s board of directors on Wednesday declared a quarterly cash dividend of $0.28 per share on the company’s outstanding Class A and Class B Common Stock, a whopping 17 percent increase over the previous quarterly rate of $0.24…
Slow Down at West Coast Ports Extends to Bargaining Table
Bargaining talks between top negotiators representing the ocean container lines and terminal operators serving West Coast ports and the International Longshore and Warehouse Union representing dock workers have stopped until Dec. 1, although talks continu
Billabong and RVCA Sales Trends Improving in the U.S.
At its annual meeting, Billabong officials noted that Q1 wholesale sales for the Billabong brand in the U.S. grew 14 percent, representing a rebound for the brand in the region. In the fourth quarter ended June 30, wholesale sales in the U.S. were down 1
Perry Ellis Trims Q3 Loss Amid Shareholder Revolt
Perry Ellis International, which is being pressured by at least two of its largest shareholders to consider breaking up, reported it cut its losses sharply in the third quarter on a 5.3 percent decline in revenue. In its earnings release, and a separate l
Signature Products Group Appoints PR Firm
Signature Products Group (SPG), a producer and licensee of outdoor related products, has retained Howard Communications Inc. for public relations…
USA Archery Memberships Grow in 2014
On the eve of “The Hunger Games: Mockingjay Part I” premiere, USA Archery has released membership statistics proving that archery interest has continued to increase dramatically since the premiere of “The Hunger Games: Catching Fire̶
Cocona Claims Sheex’s Lawsuit Without Merit
Responding to Sheex Inc.'s patent infringement lawsuit, Cocona Inc., the maker of 37.5 technology, said it “can state in unequivocal terms that the lawsuit is wholly without merit, and we do not believe that Cocona has infringed on these patents.”..
Nike Launches Its First Store Devoted to Women
Nike opened its first store dedicated to women. The 6,000-plus square-foot location in the Fashion Island lifestyle center in Newport Beach, CA also features an in-store studio for group or personal fitness training sessions – the first in a U.S. Nike ret
RECALL: 8,000 Leatherman Leap Children’s Multi-tools
Leatherman Tool Group Inc. is recalling about 8,000 of its Leap children's multi-tool because the lock mechanism on the optional knife blade can inadvertently release the blade, posing a laceration hazard…
Icebreaker to Open Store in Calgary
Icebreaker announced the launch of its newest retail “TouchLab” in Calgary’s Chinook Center, one of North America’s highest-performing shopping destinations. Icebreaker now has 13 North American stores…
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