SGB Update Footwear
Co-Founder Sullivan Named Cloudveil President
Cloudveil named Co-Founder Stephen Sullivan president of the company following the resignation of Co-Founder and President Brian Cousins. Cousins leaves Cloudveil after helping to complete its integration with parent company Spyder Active Sports to pursue
Adidas Buys Sensor Company
Physic Ventures announced that adidas International, Inc. has acquired Textronics, Inc. a developer of wearable sensors for use in fitness monitoring…
Eddie Bauer, The Walking Company to Carry Ahnu
Ahnu Footwear has formed two new retail partnerships that will send the brand past the 800-retailer milestone in spring 2009. Both The Walking Company and Eddie Bauer will begin carrying Ahnu…
Daiwa Seiko Acquires Fourteen Golf
Daiwa Seiko Inc has acquired the entire share capital of Japanese golf club manufacturer, Fourteen Golf Inc. Best known for its wedges and hybrids, Fourteen Golf has been designing clubs for major manufacturers such as Titleist and Wilson for nearly 30 y
SRAM Cycling Fund Makes First Donation
The SRAM Cycling Fund has made a $200,000 contribution to the Safe Routes to School National Partnership. This is the first award made by SRAM's Cycling Fund that was created on Sept. 30, 2008. During the next five years, the Fund plans to award $10
Bally Total Fitness Files for Chapter 11
Bally Total Fitness Corporation filed for voluntary Chapter 11 Bankruptcy Protection in the U.S. Bankruptcy Court for the Southern District of New York. Bally intends to use the Chapter 11 process to significantly reduce debt from its balance sheet while
Marc Ecko Looking to Buy MMA Properties
According to iguillotine.com, Marc Ecko Enterprises is the leading bidder for ProElite, Inc., which produces MMA shows and owns the EliteXC MMA brand. The article claims MEE hopes to inherit ProElite’s television contracts with both CBS and Showtime…
Is This Really Christmas Spirit?
When SportsOneSource reported in late October that adidas planned to cut costs by implementing a hiring freeze and scrubbing plans for year-end parties, the brain trust at Sole Technologies, manufacturers of Etnies, Emerica and eS footwear, among other br
Burton Relocates Brands to Vermont
Burton has begun transitioning The Program, which includes snowboard brands Forum, Special Blend and Foursquare, from its Irvine, CA offices to Burton’s Vermont headquarters. The company said the transition will be complete by early February and will allo
Collective Brands Gets Bump from Saucony and Sperry Top-Sider in Q3
The star for Collective Brands in the third quarter was its Stride Rite Group division, which grew sales on a pro forma basis by 11%, driven largely by double-digit increases in the International, Saucony and Sperry Top-Sider businesses…
Johnson Outdoors Whipsawed by Tough Economy
Johnson Outdoors has suspended dividend payments and will double its cost cutting efforts to prepare for a tough 2009 in the wake of a $51.7 million fourth quarter operating loss…
Flip Skateboards Shifts Distribution Partner
Flip Skateboards, Inc. has finalized a buy-out deal from a long term distribution agreement with Blitz Distribution, Inc. Effective immediately, the company has relocated the sales and distribution of its brand to NHS, Inc., in Santa Cruz, CA…
Billabong Cuts EPS Forecast on Weakening U.S. Sales
Billabong International Limited nearly halved its guidance on EPS growth for fiscal 2008-09 from 12% to 16% EPS growth down to 6% to 10% due to further deterioration in consumer sales, primarily in the U.S. The revised guidance implies full year sales gro
Long Beach Port Delays and Lowers New Container Fee
The Port of Long Beach has announced it will delay until at least July 1, 2009 a fee on 20-foot equivalent containers that was set to go into effect Jan. 1, 2009. Additionally, the port will lower the fee from $15 to $6. The Port of Los Angeles is expecte
Zumiez Comps Fall 15% in November
Zumiez Inc. reported a 15% decline in November comps on a day when mainly only discount/mass retailers managed to see comps improve as consumers seek out values and deals. Last year, Zumiez’s comps increased 5.6%. The company's total net sales for th
