Consumer Confidence Hits Seven-Month Low
The Conference Board Consumer Confidence Index, which had declined in May, decreased again in June. The Index now stands at 58.5 (1985=100), down from 61.7 in May and to its lowest point since November, 2010. The Present Situation Index decreased to 37.6
Accell Subsidiary Acquires Vartex
Accell Group N.V. said an agreement has been reached on the acquisition by its subsidiary Batavus of all shares in Vartex AB. Vartex is a trading company in bicycles and bicycle parts based in Varberg, Sweden…
SmartWool Promotes Amy Beck to Vice President of U.S. Sales
SmartWool LLC announced the internal promotion of Amy Beck to vice president of sales for the U.S. market…
Callaway Golf’s CEO Resigns
Callaway Golf Company has announced the appointment of Anthony S. “Tony” Thornley as interim president and chief executive officer, filling a vacancy created by George Fellows, who resigned for personal reasons. The company also forecast weak second-quart
Asia Outdoor Launching asia bike Trade Show
Organizers of the Asia Outdoor trade show in Nanjing, China have expanded exhibition space by 25 percent to launch asia bike, a new show that will focus cycling and spin off on its own next year…
L.L. Bean Adding Three Stores in Northeast
L.L.Bean plans to open new stores in King of Prussia, PA; Yonkers, NY; and Paramus, NJ. By the end of 2011, the company will operate a total of 17 retail stores outside its home state of Maine…
Study: Chi Running Provides Benefits
A 2011 survey from ChiLiving, Inc. found 92 percent of respondents agreed that they felt that Chi Running and Chi Walking have played a role in preventing running/walking injuries…
Cabela’s Set to Open First Alberta Store on August 4
Cabela's Incorporated will open its first store in Alberta with a ribbon cutting at 11 a.m. on Thursday, August 4, 2011. This is the just the second Cabela's store to open in Canada…
RECALL: Yakima Flipside 4 Bike Hitch Carriers
Yakima Products, Inc. has decided that a defect which relates to motor vehicle safety exists in certain aftermarket FlipSide 4 bike hitch carriers (NHTSA campaign # 11E-025).
Nike Spends $60,000 on Lobbying in Q1
Nike Inc. spent $60,000 in the first quarter to lobby on trade, transportation, counterfeit issues and other business matters, according to a recent disclosure report…
Arc’teryx Reshuffles Management Positions
Arc'teryx said that in order to support its strong growth, it made several strategic changes within its executive structure. George Curleigh assumes the role of vice president of sales…
SGMA: PEP Funding in Jeopardy for 2012
SGMA said that currently, many members of Congress want to cut PEP from the Fiscal Year 2012 budget. SGMA stressed in a release that the future of the Carol M. White Physical Education Program (PEP) “has never been in greater jeopardy, yet there has never
The Clymb Raises $2MM in Series A Funding
The Clymb announced that it closed more than $2 million in Series A funding, led by the Oregon Angel Fund and Walden Venture Capital, and joined by J Allard and individual investors. The start-up said the financing validates its business model of using pr
O’Neill Opens Flagship Store in Santa Monica
O'Neill Clothing is opening a flagship store near the Santa Monica Promenade. Located just steps from the sand at 2nd Street and Broadway, the new store…
Nike Inc. Beats the Street with Strong Q4 Results
Powered by strength in North America, China and Emerging Markets, Nike Inc.'s fiscal fourth quarter revenues jumped 13.6 percent to $5.8 billion and would have been up 11 percent excluding currency changes…
