SGB Update Footwear
CIT Group Secures $3 Billion Credit Facility
CIT Group Inc., the provider of financing to small businesses and middle market companies, entered into a $3 billion loan facility provided by a group of the company’s major bondholders…
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
Victoria’s Secret Expands PINK Collegiate Collection
Victoria's Secret's PINK Collegiate Collection has been expanded to more than 50 colleges and universities. VS PINK launched its co-branded Collegiate Collection in July 2008, which features VS PINK's brand iconography and the names and log
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
Nautilus Reduces Headquarters Space
Nautilus Inc. has terminated its lease for 482,538 square feet of office space at 16400 S.E. Nautilus Drive in Vancouver, Wash.’s Columbia Tech Center…
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
