REI FY08 Profits Plunge 65%
REI announced plans to eliminate 61 full-time jobs, mostly at its Kent headquarters and Sumner distribution center, due to a “significant business slowdown in the final months of 2008 and continued projected weakness in 2009.” Net income tumbled 65% to $1
RECALL: Nordica USA XBi ALU Skis
The U.S. Consumer Product Safety Commission, in cooperation with Nordica USA, has announced a voluntary recall of the company's XBi ALU Skis. The binding plates could crack or break, causing the skier to lose control or fall and suffer injuries…
Eagles Nest Outfitters Hires New Sales Manager
Eagles Nest Outfitters has added Lane Nakaji as sales manager. Nakaji, a North Carolina native, joins the group with an long resume of retail experience and deeply rooted passion for the outdoors…
Adrenalina Launches Board Fight at Pacific Sunwear
Adrenalina, which has made multiple bids to acquire rival Pacific Sunwear of California, has nominated a four-member slate to PacSun's board and called for the resignation of PacSun's CEO…
Insider Trading Charges Settled in DSG/Galyan’s Case
The U.S. Securities and Exchange Commission settled an insider trading case against four individuals, including the former vice president of real estate at Dick's Sporting Goods Inc., related to DSG's acquisition of Galyan's Trading Company
SmartWool Names New VP of Marketing
SmartWool Corporation has promoted Carol Davidson as the company’s new VP of marketing. Davidson’s promotion is effective immediately. As the new VP of Marketing, Davidson will lead the strategic planning process for all Brand, Retail and Creative Marketi
Boa Technology Hires New Marketing Manager
Boa Technology, Inc., makers of the Boa Lacing System, has retained Backbone Media, of Carbondale, CO to manage all public relations efforts. The move follows the recent hiring of industry veteran Garett Graubins as marketing manager…
Twins ’47/Banner ’47 Strengthens Sales Force
Twins '47 headwear and Banner '47 apparel, formerly Twins Enterprise, Inc., have added two key sales representatives to oversee key territories. The new reps will cover Illinois, Indiana, Michigan, Ohio and Wisconsin…
Everlast Partners with Muhammad Ali
Everlast announced a worldwide licensing agreement with Muhammad Ali Enterprises LLC, timed to Everlast's centennial anniversary in 2010 and the 50th anniversary of Muhammad Ali's Olympic gold medal performance. The licensing agreement will cent
GSI Commerce Posts 16.8% Q4 Sales Gain
GSI Commerce reported fourth-quarter revenues grew 16.8% to $391.4 million from $335.1 million. Net revenues from product sales grew 9.8% to $244.8 million from $223 million while service fee revenues jumped 32% to $146.6 million from $112 million…
Sport Chalet Q3 Sales Decline 10.3%
Sport Chalet, Inc. saw sales for its third quarter of FY09 ended Dec. 28, 2008 decline 10.3% to $104.6 million, compared to $116.6 million last year with a 15.4% drop in comps. The retailer posted a net loss of $32.4 million, or $2.29 a share, due to heav
Gildan’s Q1 Earnings Tumble, Suspends Guidance
Gildan Activewear reported earnings tumbled 84.6% in its first quarter ended Jan. 4, to $4.3 million, or 4 cents a share, from $27.9 million, or 23 cents a year ago. The company had provided EPS guidance of 0 cents to five cents for the first quarter of f
RECALL: Clif Bars with Peanuts
Clif Bar & Company announced a voluntary recall of various CLIF and LUNA bars on Jan. 30, citing “concerns that the recalled bars contain peanut products that were manufactured by Peanut Corporation of America (PCA), which is the focus of an ongoing Salmo
I/O Bio Adds New Sales Reps
I/O Bio, manufacturer of natural merino wool urban/base layers, has added to their arsenal of sales professionals with the addition of Morrison Sports Marketing in the hybrid Mid-East region…
Cybex Posts Loss After Charge
Cybex International, Inc. reported sales in the fourth quarter dropped to $39.3 million from $44.5 million a year ago. The company reported a net loss for the fourth quarter of 2008 of $10.9 million, including an $11.3 million goodwill impairment charge,
