Sports Direct Acquires Blacks Leisure Stake to Derail Rescue Plans
Sports Direct acquired the rights to a disputed 29% stake in Blacks Leisure, the struggling U.K. outdoor chain, and said it planned to vote against its rescue plans. The move could be a precursor to a bid from Sports Direct for Blacks…
HanesBrands Targets Long-Term Annual EPS Growth of 10% to 20%
Hanesbrands Inc., the parent of Champion, projected it could double EPS over the next three to four years based on expectations for 2010 net sales growth of 5% to 8% and EPS growth of 25% to 35%. It also said it is looking at smaller acquisitions to grow
Reebok Addresses El Salvador Sweatshop Allegations
In response to a report from that National Labor Committee that claimed that NFL jerseys were sewn under illegal sweatshop conditions in El Salvador, Reebok issued a statement saying it had conducted its own initial investigation and “believe there are a
Peter Glenn to Close Vermont Location
Peter Glenn of Vermont is closing its doors at the Berlin store after more than 50 years in business. It's the ski retailer's only Vermont location…
New Balance Announces Soles4Souls Haiti Relief Effort Initiative
Non-profit Soles4Souls and New Balance have joined forces to bring shoes to victims of the devastating earthquake in Haiti…
Roxy Loses Lawsuit Against Roxywear
Kymsta Corp, a small manufacturer in Los Angeles, recently won the right to use the Roxywear name for apparel. In a lawsuit, Quiksilver had argued that the name was too close to its Roxy brand…
Lucy Activewear Moving HQ From Portland to San Francisco Area
Lucy Activewear is moving its headquarters from Portland to the San Francisco Bay Area to be in closer proximity to its Outdoor Coalition offices and resources. VF Corp., the parent of Lucy, said approximately 82 positions will be eliminated. The move wil
Cabela’s Continues Partnership for Elk Country
Cabelas renewed sponsorship of several Rocky Mountain Elk Foundation initiatives for 2010. For 2010, Cabelas is again donating gift cards and merchandise used as premiums in RMEF membership drives, contributing items for auctions and other fundraisers, un
K-Swiss’ Q4 Revenues Slide 21.4%; Sees Flat Sales for 2010
K-Swiss reported a loss in the fourth quarter of $12.5 million, or 36 cents a share, from $13.7 million, or 39 cents, a year ago. The latest period included a pre-tax impairment charge of $4.83 million, or 13 cents, related to the goodwill and intangible
New England Reps Recognize Marty Roth
Just weeks after being recognized as a top performing rep by Chaos Headwear, Marty Roth pulled down the Paul Kelly Award at the New England Winter Sports Representatives, Inc. (NEWSR) conference in Providence, RI on Feb. 9, 2010. Roth reps Chaos in the Ne
Hobie Cat Brings Fishing Expert On Board
Keeton Eoff has joined the Hobie Cat Company as Strategic Development Fishing Analyst for the company's fishing department…
Osprey Packs Hires New PR Agencies
Osprey Packs hired two marketing agencies, JAM Media Collective and Under Solen Media…
Michael Phelps to Endorse Under Armour
Olympic gold medalist Michael Phelps has signed a multi-year endorsement deal with Under Armour, according to a report in USA Today…
LeBron James To Develop Furniture Line
Furniture retailer and manufacturer American Signature Inc. will develop a home furnishings collection with Cleveland Cavaliers star LeBron James. The furniture collection will be launched this summer at Value City and American Signature stores…
Cabela’s Q4 Comps Dip 0.5%; Earnings Flat
Cabela's Inc. reported fourth-quarter revenues increased 5.5% to $917.6 million. Net income reached $52.4 million, or 77 cents a share, down slightly from $52.7 million, or 79 cents, a year ago, each excluding impairment and other special charges. Co
