K-Swiss Opens Store in
K-Swiss plans to open its first-ever running retail store in the Tienmu area of Taipei, Taiwan. To celebrate the grand opening, K-Swiss will host a high energy 10K Race in Taipei that has already attracted the maximum capacity of 2,500 runners on Sunday,
Sentencing in UA Stock Fraud Case
A federal judge has sentenced a 43-year-old Baltimore man to 2 1/2 years in prison for a stock fraud scheme involving Under Armour. Ronald Bowen was sentenced on mail fraud charges in U.S. District Court in Baltimore, according to the Baltimore Journal. H
School Budgets Face Another Squeeze
Already under pressure for years, school budgets are expected to take another huge hit due to the economic downturn. At some schools, athletic spending has already been frozen for the remainder of the year, but with many budgets already set for the curre
Nike to Build Distribution Center In Jiangsu, China
Nike Inc. announced plans to invest $99 million to build a new distribution center in the Taicang Economic Development Area, Jiangsu. Besides providing support for current needs, the 120,000 square meter warehouse includes some expansion space reserved to
Signature Eyewear Achieves Fourth Year of Profitability
Signature Eyewear, Inc., the maker of Cutter & Buck and Hummer eyewear, was able to pull off its fourth consecutive year in the midst of an economic meltdown. The company reported net income of $622,000 on net sales of $24.5 million for the fiscal year en
Report: JJB to Close 46 Lifestyle Stores
Reports out of the U.K. have KPMG, which was named administrator of JJB's lifestyle Original Shoe Company and Qube stores, closing 46 of the 77 door in operation. This move will in turn cause 438 positions to become unnecessary for the retailers. The
Rawlings Files Suit against Easton for Trademark Infringement
Rawlings Sporting Goods Company, Inc. on February 6 filed suit against Easton Sports Inc. in the U.S District Court for the Eastern District of Missouri Eastern Division, alleging infringement on its Titan trademark. According to the filing, Rawlings has
Volcom Inc. Sees Slight Q4 Sales Increase
Volcom, Inc. said total consolidated revenues for the fourth quarter inched up a bit to $69.6 million, compared with $69.1 million in the Q4 2007…
Skechers Posts Q4 Loss as Margins Shrink
Skechers USA Inc. said it posted a loss in the 2008 fourth quarter, a loss the company attributed to the weak retail environment. Lower margins for the period were the result of the company cutting inventories to match lower consumer demands. Net sales f
Billabong Posts Strong Sales Growth, But Margins Suffer
Billabong reported that first half net sales jumped 22.1% as healthy growth in the company’s home Australasian market was outpaced by stronger gains in the Americas and Europe. Net sales grew to A$808.6 million ($632.6 mm) from A$662.0 million ($575.2 mm)
Element 21 Cuts Operating Loss
Element 21 Golf Company generated fiscal Q2 revenue of $430,651, an increase of 168% compared to revenue of $255,801 in the same period in fiscal 2007…
Pacific Sunwear Fires Back at Adrenalina
Directors at Pacific Sunwear called a planned board battle by Adrenalina a waste of time and money and said they back efforts by the retailer’s chief executive to turn around the business…
Sport-Haley Sees Fiscal Q2 Results Tumble Across Board
Sport-Haley, Inc. reported net sales of fashion apparel in its second quarter ended December 31 were $3.2 million, a decrease of 26%, from net fashion apparel sales of $4.4 million for the comparable three-month period in the prior fiscal year…
Wall Street Icon John Shanley Loses Battle with Cancer
John Shanley, the top-ranking veteran footwear and retail research analyst at Susquehanna International Group, passed away last Sunday, after battling with bladder cancer for more than four years. He was 65 years old. Shanley had 25+ years of experience
Joe’s Sports Temporarily Lays Off Half of Warehouse Workforce
Joe's Sports, Outdoor & More will temporarily lay off half the work force at its Wilsonville, OR distribution center, reported The Oregonian. An estimated 60 workers are employed at the warehouse…
