SGB Update Footwear
Stamina Recalls Elliptical Trainers
Stamina Products Inc., in cooperation with the U.S. Consumer Product Safety Commission, has announced a voluntary recall of about 11,000 Elliptical Cross Trainers…
Boathouse Sports Names Doug Tibbetts President/CEO
Boathouse Sports, a Philadelphia-based manufacturer of custom team athletic apparel, today announced the appointment of Douglas Tibbetts as the companies President and CEO…
Sport Supply Group Forecasts Record FY09 Profits; Sets EPS Guidance for 2010
Sport Supply Group said preliminary results for its fiscal year ended June 30 indicate annual sales of more than $250 million and diluted EPS in the 84 cents to 87 cents per sahre range. The company also provided a forecast for fiscal 2010…
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
