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  Apr 23, 2014
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Today's Top Story:

Skechers Sees First Quarter Earnings Soar

Skechers USA, Inc. reported earnings rose nearly five-fold in its first quarter ended Mar. 31, to $31.0 million, or 61 cents a share, from $6.7 million, or 13 cents, a year ago. Revenues rose 21.0 percent to $546.5 million from $451.6 million a year ago, representing the second highest quarterly revenues in the company’s 22-year history... Click for Full Story >>>

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SKLZ announced that Laura Wolf Stein has been named vice president of marketing, Brian Farber has been named soccer product manager and Chuck Rodrigues has been named director of sales for the mass/club channel...(4/23/2014)

 

Confluence Watersports has been acquired by J.H. Whitney Capital Partners, LLC and changed its name to Confluence Outdoors to signal its planned expansion into a full-service outdoor recreation company. Confluence will continue to operate from Greenville, SC, where it designs, manufactures and markets boats and paddlesport acccessories under nine brands, including Wilderness Systems, Perception, Dagger, Wave Sport, Mad River Canoe and Adventure Technoolgy...(4/22/2014)

 

BRG Sports Inc. has agreed to sell Easton Cycling to cycling industry veteran Chris Tutton. Tutton has long worked as an independent sales representative for Easton Cycling’s OEM business and he also owns Race Face Performance Products, a company that has been designing and manufacturing leading-edge performance cycling components, clothing, and protection for more than 20 years...(4/22/2014)

 

CNET has reported that Nike is officially abandoning development on all Fuelband hardware, but will continue to support the Nike+ software platform, possibly as part of a strategy to license that technology to other hardware manufacturers...(4/22/2014)

 

BSN Sports, the nation’s largest direct marketer and distributor of sporting goods to the school and league markets, has completed the acquisition of East Texas Sports Center, Inc. based in Marshall, TX... (4/22/2014)

 

Canada Goose Inc. has opened an office in London, England that will serve as both its first sales office in the United Kingdom and its first marketing office for Europe...(4/22/2014)

 

Salomon is bringing its CityTrail urban race series to the 14 U.S. cities next month in partnership with local running shops. The series pairs runners with "Salomon guides," who lead them on 5K and 10K runs that explore local historical landmarks, scenic outlooks and...(4/22/2014)

 

Freeman Spogli & Co. and Investcorp have signed a definitive agreement to acquire Totes Isotoner Corporation, the designer, marketer and distributor of accessories in the rain, cold weather and footwear categories... (4/22/2014)

 

Brown Shoe Company will celebrate its 100th anniversary on the NYSE, a milestone only achieved by 23 other companies. Brown Shoe Company will host a David Stark Design produced event at 4 World Trade Center, featuring music by DJ Kiss and a special performance by Jennifer Hudson... (4/22/2014)

 

FootBalance added sales representatives for its customer footbeds in Alberta, Canada and South Dakota...(4/22/2014)

 

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