SGB Update Footwear
RECALL: Rim Tape for 800 Flo Cycling Wheels
Flo Cycling LLC of Las Vegas is recalling bicycle wheel rim tape provided with about 800 wheels because it can fail and break under pressure…
Callaway Golf’s Losses Deepen in Q3
Callaway Golf Company reported its losses in the third quarter widened to $89.2 million, or $1.33, in the third quarter from $60.1 million, or $1.01, a year ago…
Iconix Acquires Umbro from Nike
Iconix Brand Group, Inc. signed a definitive agreement to acquire the Umbro brand and related intellectual property assets from Nike, Inc. for $225 million in cash. The transaction is expected to close by the end of the year…
The Bike Cooperative Adds Two Vendors
Profile Design and Bellwether have officially joined The Bike Cooperative’s growing family of supplier partners. Effective immediately, members of the cooperative will earn rebates on purchases of both brands and receive an additional co-op-exclusiv
Wolverine Appoints New VP and GM for Cushe
Wolverine Worldwide appointed Michael Hebreard as vice president and general manager for the company’s Cushe brand. Hebreard will assume the role currently held by Guillermo Perez, who will take on the newly established position of vice president, L
Intersport Corp. to Acquire The Athlete’s Foot
Global Franchise Group, LLC said it reached an agreement to sell The Athletes Foot (TAF) to Intersport International Corp. (IIC). TAF currently has 430 franchisee-owned stores in 27 countries, including the U.S., Mexico, Peru, the United Arab Emirates, Ku
Merrell Partners with Mast General Store to Help Fight Hunger
Merrell and Mast General Store are joining forces to help fight childhood hunger in local communities. For each pair of Merrell shoes purchased at Mast General Store Oct. 14 through Oct. 31, Merrell will fill a pack with food to feed a child for a weekend
Crocs Q3 Earnings Advance on 7.5 Percent Sales Gain
Crocs Inc. reported revenue for the third quarter increased 7.5 percent to $295.6 million compared with revenue of $274.9 million reported in the third quarter of 2011. Net income reached $45.1 million, or 49 cents per diluted share, compared with net inc
Hanesbrands Counters Cotton Prices with Cost Cuts to Grow Q3 Profits
HanesBrands reported that sales for Champion activewear and Gear for Sports licensed apparel increased, but higher cotton costs suppressed segment operating profitability in the third quarter. Still, the company grew overall profits faster than sales duri
Palus appointed Chairman of the Administrative Board of Puma SE
The administrative board of Puma SE unanimously elected Jean-François Palus as chairman of the administrative board, effective December 1, 2012, following the announcement of Jochen Zeitz's resignation on October 15…
Canada Goose Hails Ruling in Swedish Counterfeiting Case
A Swedish court found five individuals jointly and severally guilty of felony fraud, trademark infringement and customs offenses, sentenced two to serve time in prison and awarded Canada Goose damages of more than $550,000 in a counterfeiting case…
Antonio Dus Joins Vibram as Advisor
Vibram USA’s Italian parent company Vibram S.p.A., appointed Antonio Dus as advisor to President and Managing Director Marco Bramani. Dus will focus on developing new strategies for efficiently managing and sustaining the company’s worldwide
Nike to Expand Northridge Distribution Footprint in Memphis, TN
Nike announced plans to expand its Northridge distribution footprint in Memphis, TN. The expansion will create a centralized, multi-product engine for wholesale and retail distribution, supporting Nike’s long-term business growth in North America..
Heelys Agrees to $13.9M Buyout
Heelys, Inc. and The Evergreen Group Ventures, LLC entered into a definitive asset purchase agreement under which an affiliate of Evergreen will acquire substantially all of the operating assets and assume substantially all of the operating liabilities of
Nike Partners with LLamasoft for Sustainable Supply Chain Innovation
Nike Inc. has entered a strategic partnership with LLamasoft, Inc., to co-develop supply chain solutions that offer both logistics and environmental benefits. Nike has been a customer of Michigan-based LLamasoft for two years. Today's announcement of
