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Cambodia Shoe Factory Collapses
A small shoe factory just outside the capital of Cambodia collapsed last Thursday, killing at least three workers. The factory was making Asics sneakers at the time...(5/20/2013)
Brown Shoe Sells Avia and Nevados
Shortly two years after buying both brands as part of its acquisition of American Sporting Goods (ASG), Brown Shoe Company, Inc. announced last week that it had sold Avia and Nevados for $74 million...(5/17/2013)
BSN Sports to Merge with Herff Jones
BSN Sports has signed a definitive merger agreement with Herff Jones, the manufacturer of graduation-related materials and educational products, as well as cheerleading apparel and services. Under terms of the agreement, BSN Sports will join the HJ portfolio of companies and continue to operate as its own branded entity...
Mizuno Corp. Fiscal Full Year Profits Slide; Sales in Americas Accelerate in Fiscal Q4...
Mizuno Corp. reported earnings slid in its fiscal year ended Mar. 31 due mainly to an increase in SG&A expenses and in purchasing costs. But overall footwear sales remained healthy, especially running shoes in the Americas. In an interview with Sports Executive Weekly, Bob Puccini, president of Mizuno USA Inc., said...(5/17/2013)
Puma Cuts Outlook on Weak Q1
Puma SE last week reduced its outlook for 2013 revenue and profit after reporting first-quarter results came in below plan...(5/17/2013)
Skechers Swings To First-Quarter Profit
Aided by increasing acceptance of its performance offerings, Skechers USA, Inc. reported revenues rose 28.6 percent in the first quarter, to $451.6 million. Earnings reached $6.7 million, or 13 cents a share, rebounding from a loss of $3.7 million, or 7 cents, in the same period a year ago...
Judge OKs Settlement Over Skechers Toning Claims
A federal judge approved a $40 million class-action settlement last week between Skechers USA Inc. and consumers who bought toning shoes. The approval comes a year after Skechers reached a deal with the Federal Trade Commission over the ads' claims that the footwear would help people lose weight and strengthen muscles...(5/17/2013)
Easton-Bell Swings to Q1 Loss As New Executives Take Over
In the first earnings report since replacing two top executives, Easton-Bell Sports, Inc. released unaudited figures showing it swung to a loss in the first quarter as lower sales of Bell, Giro and Easton cycling products and the loss of fitness sales more than offset modest growth of Riddell football helmets, Easton baseball/softball products and Bell power sports products...(5/10/2013)