Brown Shoe Co. Escapes Big Lawsuit Hit; Exits Canada Factory…
In spite of several proactive initiatives to remedy an environmental impact problem in Colorado, Brown Shoe Company lost a lawsuit filed by Denver area residents. The plaintiffs had sought more than $380 million, including punitive damages, but the jury d
The White Weekend after Black Friday…
As the entire Northeast turned white under a blanket of snow last weekend, retailers from the fashion, electronics, and sporting goods sectors were reporting a disappointing outcome for the second biggest shopping weekend of the year. But outdoor retail a
Specialized Recalls Brake Rotors…
Specialized is recalling its 2004 “S-works Enduro and Enduro Expert” line of full suspension bikes due to potentially faulty disc brake tabs on the Fox forks which came standard on the bikes…
Airwalk Parent to Prevail in Takeover Bid…
The factories that forced Airwalk into bankruptcy last month in a last gasp attempt to stymie an acquisition plan by the company’s parent company have come up short. A federal bankruptcy judge in Denver ruled last week to lift the stay that prevented Sun
Joy Athletic’s Barnhill Indicted for Fraud
Jeffrey Barnhill, the founder and former president and director of the now-bankrupt Joy Athletic apparel company, has been indicted for fraud. Barnhill and other defendants allegedly falsified financial statements, created false invoices and checks, used
adidas-Salomon Exerts More German Control Over U.S. Market…
The move by adidas-Salomon AG last week to appoint current global marketing chief Erich Stamminger to the additional role as head of adidas America is either a move to create a new U.S.-centric marketing strategy or an effort to exert more German control
K-Swiss Will Execute 2 for 1 Stock Split…
K-Swiss Inc. stockholders have approved an increase of authorized shares of the Company's Class A and Class B Common Stock from 36 million and 10 million shares to 90 million and 18 million shares, respectively…
Specialty Rules in Pre Season with Sharp Increases Offsetting Chain Store Declines…
According to the preliminary SIA Retail Audit for the first few months of the 2003/2004 winter season, total sales for the winter sports market increased by 3.9% to $314.5 million compared to $302.7 million in 2003. Unit sales were up 6.2%. The report, c
TAF Expands Franchise Footprint…
In a move seen by many as a broader strategic direction for The Athlete’s Foot, the company has completed an “area development agreement” with a Houston company that purchased TAF’s nine company-owned stores in the Houston area. The Odom Group, Inc. plan
Stroesser Leaves Converse; Named CEO for Luxury Home Brand…
In a story reported exclusively by Sports Executive Weekly last week, Converse has confirmed the exit of VP of Sales Jim Stroesser…
InSport Awarded Navy SEAL Contract
InSport has been awarded a significant contract to meet the performance demands of the elite Navy SEALs. Under the contract, InSport will build the Navy SEAL’s next-generation combat clothing ensemble, known as the Protective Combat Uniform, or PCU.
Edwin Watts Golf Closes ReCap Deal…
Wellspring Capital Management LLC, a New York-based private equity investment firm and majority shareholder of The Hockey Company since 1997, has reportedly taken a majority stake in Edwin Watts Golf. Terms of the deal were not disclosed…
Lu Rasmussen joines Precor
Fitness industry veteran Lu Rasmussen has joined Precor in
the newly created position of Director of Leasing. according to Precor VP of Commercial Sales Chris Torggler, Rasmussen has a directive to launch an ongoing, comprehensive leasing program that s
Serena Not Right Formula for Puma; U.S. Business to Grow 40%…
Jochen Zietz, in a published interview, said that Puma had decided to drop the $13 million sponsorship of Serena Williams in favor of becoming the official supplier of the Formula One BMW Williams team, its sixth F1 team.
“We would have certainly been ab
Dillards Increases Credit Facility to $1 billion
Dillard's has amended and extended its senior secured revolving credit facility. The amendments include an increase to the amount of the facility to $1 billion from the previous amount of $400 million…
