NSGA: Senate Approves $75 Million in PEP Funding for 2005
The National Sporting Goods Association is reporting that the Senate Appropriations Committee approved the fiscal year 2005 education spending bill last week, and included in the bill was $75 million for the Carol M. White (PEP) Physical Education Program
SGMA: H1 Athletic Footwear Spending Rises 5%
SGMA International is reporting that consumer spending for athletic footwear during the first six months of 2004 rose 5% over spending during the same period in 2003, according to research by The NPD Group. Spending during the first half was $7.73 billio
Interbike Announces Show Events Schedule
Always as educational as it is fun, Interbike has once again enlisted a solid roster of experts in their field to head-up group workshops, retail seminars, technical clinics and even a post-party bike ride.
K2 Licensing and Promotions Launches New Business Division
K2 Licensing & Promotions, a wholly-owned subsidiary of K2 Inc., has launched a new business division that will develop licensing and corporate partnerships for K2's portfolio of more than 30 leading sports brands, including K2, Rawlings, Volkl, Marm
Nike Appoints Starbuck’s CEO to Board
Following its annual meeting of shareholders on September 20, Nike appointed Starbucks president and CEO Orin C. Smith to its board of directors. Nike's board of directors now numbers 10. At its annual meeting of shareholders Mr. Knight also recogniz
Stride Rite Third Quarter EPS Flat on Slight Sales Increase
The Stride Rite Corporation sales for the third quarter of fiscal 2004 were $140.4 million versus $139.7 million in the comparable period of fiscal 2003. Net income for the third quarter totaled $6.2 million or $.16 per diluted
share, as compared to net i
Timberland Again Lauded for Work Culture
The Timberland Company has been named to the list of “100 Best Companies for Working Mothers” by Working Mother magazine. Companies are selected for the list based on information about their corporate culture, employee population and policies on work/life
Pacific Sunwear Elects New Board Director
Pacific Sunwear of California, Inc. has elected Michael Goldstein to its Board of Directors. Mr. Goldstein is currently Chairman of the Toys “R” Us Children's Fund, Inc., a charitable foundation. He also serves as a director for several retail compa
Race Face Hires Base Camp Communications
Race Face Performance Products has added Base Camp Communications, the Jackson, Wyoming-based public relations and brand communications firm, to their marketing team. Base Camp Communications will work with Race Face to develop and execute publicity progr
Jarden Acquires Camping Market Share Leader
Jarden Corporation, the company behind several consumer brands such as Bicycle playing cards and FoodSaver vacuum food storage devices, has acquired all of the assets and assumed all debt of Coleman’s parent company, American Household. The $745.6 million
SMS Clothing Attracts New Investors and Hires Marketing Mgr.
SMS Clothing has appointed a new sales manager and attracted new investors to “take their technical outerwear line to the next level.” Peter Godber recently joined the SMS team as North American Sales Manager…
Kryptonite Deals with Lock Issues…
Kryptonite Locks hit a small design glitch that could potentially have serious consequences for the brand. Due to the use of ‘tubular cylinders’ in many of the company’s mid price-point locks allows the locking mechanism to be picked with a plastic pen. S
Riddell Acquires ‘HIT’ Smart Helmet Technology…
Riddell Sports Group has acquired a new ‘Head Impact Telemetry’ system, or HIT, from Simbex LLC. This new technology will allow Riddell to produce a consumer product which monitors and records the severity and incidence of impacts taken by a player via sm
Nike Beats Fiscal Q1 Street Estimates; U.S. Futures Up 11%
NIKE, Inc. reported that revenues for the fiscal first quarter ended August 31 increased 18% to $3.6 billion, versus $3.0 billion for the same period last year. Net income totaled $326.8 million, or $1.21 per diluted share, compared to $261.2 million, or
EMU Australia Forms EU Subsidiary…
EMU Australia has former a new subsidiary, EMU Ridge Europe, which will be taking over all EU operations for the brand. The wholly-owned subsidiary will be led by EMU’s new European Managing Director Stefan Dongus who will work directly in conjunction wit
