SGB Update Footwear
VF Corp. Reports Q2 Sales Fall 11%; Maintains Guidance for Second Half
VF Corporation announced second quarter revenues were $1.49 billion, a decline of 11% compared with $1.68 billion in the second quarter of 2008, with foreign currency translation accounting for 3%of the decline. Net income in the current quarter was $75.5
Jarden Corp. Partners with Marvel Entertainment
Marvel Entertainment, Inc., announced a wide-ranging licensing agreement with Jarden Corp. for a wide range of sporting goods…
Wade Makes Move to Jordan Brand; Leaves Converse
Jordan Brand, a division of Nike, Inc., has signed Dwyane Wade to its roster of Team Jordan athletes. Wade joins an illustrious line-up which includes fellow All Stars Derek Jeter, Chris Paul and Carmelo Anthony and others. Wade had been the lead endorser
Wolverine World Wide Raises ‘09 Outlooks, Sees Quality of Orders Improving
Wolverine World Wide, Inc. reported a sharp decline in Q2 earnings due to restructuring charges, but the company still lifted its full-year adjusted earnings outlook due to the strength in its core brands and signs that the “quality” of order backlog is i
Wade Moves to Brand Jordan
Nike, Inc. has announced that Miami Heat guard Dwyane Wade has changed sponsors, making the switch from Converse to Nike’s Jordan Brand, effectively ending what had become a soured relationship between the NBA scoring champ and the NKE subsidiary…
Dept. of Education Awards $78 Million in PEP Grants…
The Department of Education announced the recipients of $78 million in Carol M. White Physical Education Program (PEP) grants. New PEP grants totaling $26.5 million will be distributed to more than 140 school districts and community based organizations ac
Riddell Inc. to Face Jury Trial in Heat Stroke Case
A federal judge in Ohio last Monday concluded that Riddell Inc. had a duty to warn former Minnesota Vikings offensive lineman Korey Stringer that its helmets and shoulder pads could contribute to heat stroke when used in hot conditions. Stringer died nea
Los Angeles Court Dismisses K-Swiss Trademark Lawsuit Against Puma
The Los Angeles District Court has dismissed a lawsuit filed by K-Swiss against Puma over its Dolton shoe design. Puma filed its own trademark infringement lawsuit in the District of Massachusetts and the case will continue to be heard there. K-Swiss sou
L.L. Bean Reduces New Store Plans for 2009
L.L. Bean plans to open only one store this year rather than the anticipated eight. A plan to offer voluntary retirement incentives to some employees was also recently announced. According to reports, the company still has a goal of having 32 stores in op
Sugoi Inks Timex Sports Apparel License
Sugoi Performance Apparel, a division of Dorel Industries Inc., and Timex Group have entered into a license agreement for the design, manufacture and distribution of sports apparel under the Timex brand name. Sugoi will launch a line of Timex performance
Golden Gate to Acquire Eddie Bauer
Private equity firm Golden Gate Capital has acquired the assets of Eddie Bauer Holdings Inc. Golden Gate Capital reportedly won the auction for Eddie Bauer with an all-cash bid of $286 million. Representatives for Eddie Bauer said Golden Gate would retain
Potential CIT Bankruptcy Could Rattle Retail
CIT Group Inc., a significant lender to small and medium-size businesses in the retail industry, could be forced into bankruptcy proceedings barring a last-minute deal to renegotiate its sizeable debt load. A bankruptcy threatens to disrupt the flow of m
Firearms Sales Figures Continue to Climb in June
Data released by the FBI’s National Instant Criminal Background Check System (NICS) reported 968,145 checks in June 2009. This figure is an 18.1% increase from the 819,891 reported in June 2008, according to a press release by the National Shooting Sports
NRA Issues a Joint Statement On Judge Sonia Sotomayor
As the Senate considers the nomination of Judge Sonia Sotomayor, Americans have been watching to see whether this nominee – if confirmed – would respect the Second Amendment or side with those who have declared war on the rights of America’s 80 million gu
Antonio Zoli North America Adds VP of Operations
Antonio Zoli North America has hired hiring of Harry “Chuck” Webb III, as Vice President of Operations. Formerly General Manager of Briley Manufacturing, Webb comes to Zoli with deep knowledge of the industry and gunmaking as well as title of Master Gunsm
