SGB Update Apparel
ICON Health and Fitness Acquires Altra Footwear
Icon Health & Fitness, the maker of fitness products, has acquired Altra Footwear, a minimalist shoe developer. Founded in 2009, Altra Footwear claims to have introduced “the first Zero Drop, fully cushioned, foot-shaped, gender-specific footwear line.”..
VF Corp Sells $900 Million in Notes
VF Corp sold $900 million senior unsecured notes in two parts, according to IFR, a Thomson Reuters service…
Local Governments to Take Over Seven State Parks in Oklahoma
The Oklahoma Tourism and Recreation Department said seven state parks it had planned to close this fall due to budget cuts will remain open thanks to local governments that have agreed to take over their management…
Nordstrom Opening Charity Concept Store In Soho
Nordstrom is opening a concept called Treasure & Bond in the SoHo district in New York City. The store will be less than a tenth the size of a typical Nordstrom department store with all profits committed to charity…
Jim Gabel Named Adidas Group President, Canada
The Adidas Group announced that Jim Gabel has been appointed to the position of Adidas group president, Canada. Gabel had previously served as president of Reebok North America. Uli Becker will assume full responsibility in overseeing the day-to-day oper
Orange 21 Posts $2.9 Million Q2 Loss
Orange 21 Inc., the parent of Spy Optic, reported revenues slid 5.7 percent in the second quarter, to $9.0 million from $9.5 million a year ago. The company incurred a net loss of $3.0 million for the three months ended June 30 compared to a net income of
Skechers Sued for Not Paying Models
Skechers USA is being sued for allegedly violating the rights of young model's images. The complaint filed in Los Angeles Superior Court states that Skechers knowingly failed to pay for, and not have the right to use, numerous images of its footwear
Deckers Outdoors, Tsubo Triple Comerica Credit Line to $60 Million
Deckers Outdoor Corp. and its subsidiary Tsubo, LLC tripled the amount they can borrow under a credit agreement with Comerica Bank to $60 million between now and November 30, 2011…
Dick’s SG Lifts FY Guidance on Strong Q2
Dick's Sporting Goods reported second-quarter revenues rose 6.5 percent to $1.31 billion from $1.23 billion a year ago with consolidated same store sales increased 2.5 percent. Consolidated non-GAAP earnings per diluted share increased 21 percent, pr
Old Navy to Open “Superfan Nation” Shop in All U.S. Stores
Old Navy announced the launch of 'Superfan Nation' a new in-store destination for fan gear. The move is an expansion of the brand's already successful licensing product strategy. In collaboration with the NFL and the Collegiate Licensing Co
Adidas Launches High School Challenge in Austin
Adidas and the Silicon Labs Austin Marathon Relay officially announced the inaugural Adidas High School Challenge (HSC). This invitational race on September 25, 2011 takes place as part of the Relay, the largest fundraiser for Junior Achievement of Centra
RECALL: Browning Air Pistols
About 9,500 units of Browning air pistols made by Umarex USA are being recalled. The U.S. Consumer Product Safety Commission that under a variety of circumstances, the safety will not prevent the gun from firing…
Sole Technology to Cease éS Footwear Distribution
Sole Technology indicated it is phasing out its éS Footwear line after the Spring 2012 season. According to a report on ESPN.com, Sole Technology is looking for focus on its other brands, including skate shoe brand Emerica and the apparel brand Altamont..
Amer Sports Launches Stock Buyback Program
Amer Sports' board said it decided to utilize the authorization given by the Annual General Meeting held on March 10, 2011 to repurchase Amer
Sports shares…
Novascarpa Group Appoints Fritz Schneider as VP Sales
Novascarpa Group LLC, which distributes the Joya footwear brand, hired Fritz Schneider to the position of vice president of sales. Campbell White will continue to serve as national sales director…
