Puma Appoints Andy Koehler as Chief Operating Officer

Puma appointed Andy Koehler as chief operating officer, effective June 1. Koehler, who succeeds former COO Klaus Bauer, will be part of Puma's managing director team around Puma's future CEO Björn Gulden, who will take up his office on July 1…

Internetstores to Acquire Sweden’s AddNature.com

European online bicycle and outdoor retailer Internetstores GmbH has agreed to acquire leading Swedish online outdoor retailer Addnature for about $34 million, or 1.3 times revenues, in order to pursue a leadership in Europe's online market for bicyc

Sports Direct Expands into Austria and the Baltics

Sports Direct International Plc. entered into separate agreements to acquire majority stakes in two leading European sporting goods retailers: Sports Eybl & Sports Experts AG or EAG, based in Austria; and Sportland International Group or SIG, based in the

Brown Shoe Sinks Into the Red on Charges

Brown Shoe Company, Inc. reported a net loss of $10.8 million, or 26 cents a share, in the first quarter after $28.8 million of costs associated with its ongoing portfolio realignment efforts, including its recent sale of Avia and Nevados. Excluding brand

RECALL: 8,000 GNU Snowboard Bindings

Mervin Manufacturing of Seattle is recalling about 6,800 pairs of GNU Snowboard bindings in the United States and 1,200 in Canada because the ankle straps can break posing a fall hazard…

Consumer Confidence Surges to Five-Year High

The Conference Board Consumer Confidence Index, which had improved in April, increased again in May. The Index now stands at 76.2 (1985=100), up from 69.0 in April and at its highest level since February, 2008…