Employee Benefits Costs Nearly Wipe Out Yue Yuen’s 1H Profits
Yue Yuen Industrial Limited reported that its decision to increase contributions for employee benefits by $90 million in the second quarter to compete in China’s increasingly competitive labor market wiped out much of its profits for the period. The
ASICS Reports Lower Exports Cause Japanese Fiscal Q1 Revenues to Dip
Asics reported its sales in Japan decreased 1.5 percent to ¥27.2 billion ($267 mm), mainly because of a decline in footwear sales to overseas sales subsidiaries…
Biometric Apparel Startup Athos Raises $12.2 Million for Fall Launch
Athos, which has announced plans to launch a line of biometric fitness apparel this fall, closed $12.2 million in Series B funding, which the company plans to use to scale a new manufacturing process for embedding sensors in garments in advance of its fal
BPSA Forms Electric Bike Committee
In yet another sign that e-bikes are gaining traction in the U.S. market, the Bicycle Product Suppliers Association (BPSA) created an Electric Bicycle Committee last week…
Grassroots Taps Former Chaco Sales Director as Next President
Grassroots Outdoor Alliance, which represents some of the most iconic independent outdoor specialty retailers in the country, named Wes Allen as its new president…
Adidas Closes Adams Golf’s Headquarters in Plano, Texas
TaylorMade-Adidas Golf is closing the Plano, TX headquarters of Adams Golf as part of a restructuring announced two weeks ago…
Leatt Corp. Narrows Q2 Loss, Poised to Enter Bike Market
Leatt Corporation, a South African company planning to launch its first bicycle helmets at Eurobike and Interbike in coming weeks, reported its sales grew 16.6 percent in the second quarter ended June 30…
Cutter and Buck Expands Sales Force
Cutter & Buck has added three new representatives to its golf sales team, all with extensive experience in the apparel industry…
Wilson Racquet Sports Division Adds Marketing Talent
Wilson Sporting Goods Co. named Nick Gonzales global marketing director and Tim Buwick as promotions director for its Raquet Sports division…
Employee Benefits Costs Nearly Wipe Out Yue Yuen’s 1H Profits
Yue Yuen Industrial Limited reported that its decision to increase contributions for employee benefits by $90 million in the second quarter to compete in China’s increasingly competitive labor market wiped out much of its profits for the period…
Nike, Inc. Announces Retail Management Changes
Nike, Inc. announced two management appointments in two important areas of its global business, retail and women’s…
Hibbett Sports Announces 2nd Quarter Earnings and Conf. Call Dates
Hibbett Sports, Inc. announced details for the release of its results for the second quarter ended August 2, 2014…
Arctic Ice Partners with Ad Agency Kuhl/Swaine
Arctic Ice LLC has hired on advertising agency Kuhl/Swaine as they continue to expand their ice-substitute business…
Winchester Donates Ammo to NSSF Rimfire Program
In conjunction with the recent news of its Silver Sponsorship of the NSSF Rimfire Challenge, Winchester Ammunition has also announced its generous allocation of 600,000 rounds of ammunition specifically earmarked for the Ammo Roundup Program…
Yue Yuen Reports 1H Loss After Setting Aside $90 Million for Worker Benefits
Yue Yuen Industrial Limited reported a loss for the first half of the year after setting aside $90 million to provide social insurance and housing to settle a massive strike at one its factories in China. The company, which is the largest producers of ath
