New products : Bamboo Skateboards Debuts Eco-Friendly T-Shirt Line at Stingaree Rooftop Fashion Show

San Diego-based Bamboo Skateboards, a sustainable and philanthropic skateboard company, is planning to unveil an environmentally friendly T-shirt line at their final Indiegogo event at Stingaree on August 30, 2013 (www.bambooskateboards.com).

This innovative company will be celebrating the completion of their 30 day crowdfunding Indiegogo campaign to raise awareness for maple deforestation, evolve the skateboarding industry and expand their eco-friendly product line.  

Bamboo Skateboards consists of a team of environmentally mindful entrepreneurs and skateboard enthusiasts who manufacture high-quality decks and longboards made of sustainable bamboo from managed forests. In addition to their groundbreaking and sturdy skateboards, they are producing a new line of ecological t-shirts made from discarded plastic bottles and X-ray films combined with recycled cotton to create a perfectly smooth, super durable and extremely comfortable fabric without toxic chemicals or dyes.

“Our goal is to make an apparel line that not only looks cool, but is also made from a sustainable material that parallels the company’s eco-friendly stance,” said Wyatt Gregson, CEO of Bamboo Skateboards.

What: Bamboo Skateboards Rooftop Fashion Show at Stingaree

Where: Stingaree – 454 6th Avenue San Diego, CA 92101

When: Friday, August 30, 9:00pm-2:00am

Cost: Suggested $10 Indiegogo donation

The final event for Bamboo Skateboards’ Indiegogo campaign at Stingaree will include a rooftop fashion show to debut the new line of sustainable t-shirts along with products from SOLO Eyewear and Deuce Brand. The event will offer an Instagram contest leading up to the event with prizes including bottle service provided by Stingaree and products from Bamboo Skateboards, SOLO Eyewear, Deuce Brand and Sanuk. Bamboo Skateboards will be accepting donations from attendees to support its Indiegogo campaign, running from August 1 through August 30, 2013. For more information on their crowdfunding campaign, please visit http://www.indiegogo.com/projects/bamboo-skateboards. 

New products : adidas Originals FW13 Mutombo OG

adidas Originals is re-releasing the Mutombo shoe on its 20th anniversary.

The Mutombo signature basketball shoe was originally released by adidas during the 1992-93 NBA Season. The design team worked closely with Dikembe Mutombo, retired NBA eight-time All Star, to highlight his defensive style of playing and his African heritage.

Traditional African patterns are used throughout the shoe and the iconic shield logo incorporates his jersey number, used throughout his 18 year NBA career.

Some Q&A´s

How did this partnership first come about during the 1992-93 NBA Season?
It was a time of change for the adidas brand and Dikembe Mutombo stood out as a unique player in the NBA. Only in his 2nd season, Mutombo was already well known for his decorated defensive playing and was the perfect fit for the brand's first true NBA partnership.

What was the design inspiration?
The design pulls inspiration from traditional patterns seen in the DR Congo and draws from Mutombo's heritage. The design places Mutombo front and center utilizing his number and his unique shield logo created by the adidas team. At the time, the aesthetic was modern and bold in both design and color much like Mutombo's ability to stand out on court.

How involved was Mutombo in the design process?
The design for this signature shoe was inspired by Dikembe Mutombo, his heritage and his on court attitude.

What prompted the re-release of this shoe on this anniversary?
The 20th anniversary of this style marks a great time in history for the giants of the sports industry. This together with the resurgence of 90s styles in today's streetwear prompted the re-release of this style.

Is this a 1 to 1 re-make of the original? How is the 90s version different from the 2013 version?
Yes, as much as possible. The re-make was built based on an archived model.


Source adidas

Business news : Escalade Increases Quarterly Dividend

Escalade, Inc. announced  a quarterly dividend of 9 cents per share, to be paid to all shareholders of record on Sept. 13 and distributed on Sept. 20.

Escalade said it has executed on its strategy to grow its profitability and operating income as well as maintaining a strong financial position.  As such, Escalade's board of directors has adopted a dividend policy under which the company intends to pay quarterly cash dividends on its common stock.  Escalade is increasing its quarterly dividend payment from 8 cents per share to 9 cents per share. 

Escalade's board will evaluate the company's dividend policy on an ongoing basis after giving consideration to, among other things, the financial condition of and outlook for the Company and any particular cash flow and financing needs of the company.

"We are pleased to raise our quarterly dividend," stated Robert J. Keller, president and chief executive officer of Escalade, Inc.  "Strong performance in our Sporting Goods segment continues to generate increased cash flow for the company."

Escalade Sports, headquartered in Evansville, IN since 1927, is a global manufacturer and distributor of sporting goods and leisure time activity games and a category leader in Table Tennis with the Stiga and Ping-Pong brands, a leader in the darting category driven by the Accudart and Unicorn brands, a leader in sports training equipment including residential in-ground basketball goal systems under the Goalrilla, Goaliath and Silverback brands and a leader in premium playground play-sets with the Woodplay and Childlife brands.

By press release through sportsonesource

Sport event : Confluence Watersports Brands Sponsor the ICF Freestyle World Championships

GREENVILLE, S.C. , Aug 29, 2013 -
Wave Sport, Dagger, Adventure Technology, Bomber Gear, and Wilderness Systems will support the top freestyle kayakers in the world at the ICF Freestyle Kayaking World Championships at Nantahala Outdoor Center (NOC) in Bryson City, N.C., on September 2-8, 2013. Considered the most elite freestyle kayaking event in the world, this year marks the first time since the 1996 Olympics in Atlanta, Ga., that world championship kayaking will return to the United States.

More than 300 of the most skilled kayakers will head to the Nantahala River’s 2013 Wave to showcase their best freestyle moves and compete for the title of world champion in front of an expected audience of more than 10,000. The kayaking competition will take place on a new custom-built river wave at Nantahala Outdoor Center. Spectators and athletes alike will enjoy NOC’s revolutionary new paperless scoring system that will show the results immediately after each run. The real-time scoring system will help make freestyle kayaking more spectator-friendly and more suitable for a live television broadcast.  

“We are incredibly proud to sponsor the 2013 World Championships, the highest level of freestyle competition in the world. It is a rare opportunity to have such a high caliber paddling event in our own backyard. NOC has put a tremendous amount of effort into increasing the level of professionalism and organization at this event, including developing the new real-time scoring system and perfecting the 2013 Wave,” said Cheri McKenzie, chief marketing officer at Confluence Watersports. “Elite athletes from Team Wave Sport and Team Dagger will be competing in the event, and five Confluence brands are sponsoring competitions and activities throughout the week. We are excited to play an integral role in making the World Championships event a huge success.”

More than just a competition, the seven-day event is truly a celebration of the outdoor recreation culture for everyone from world-class athletes to entry-level outdoor enthusiasts. Friendly competitions, demos, and events throughout the week will give kayaking enthusiasts of all skill levels a chance to participate in the action and win prizes. Live music and art exhibitors will provide entertainment, and guided raft trips, zip line tours, mountain bike rentals, and other activities will also be available through NOC.

For more information on both competitive and spectator events at the World Championships, visit FreestyleKayaking2013.com. 

2013 Freestyle World Championship Sponsor Events: 

Wave Sport is sponsoring the Wave Sport Wesser Falls Extreme Race. The best extreme kayakers will negotiate the fastest line through class V Wesser Falls, competing for cash prizes. The race runs through the 2013 Wave and finishes in Fontana Lake.

The Dagger Dash Race will start at Nantahala Falls and end at the NOC Founder’s Bridge. This fun, free-for-all race will begin with the competitors racing to find their ideal kayak to run Nantahala Falls. Kayaks of all types and sizes will be lined up at the start for participants to vie for, from inflatable kayaks to play boats and creek boats. A mix of luck and skill will help determine the winners who will be awarded cash prizes.

In addition to The Dagger Dash, the brand is sponsoring two other events throughout the week. Dagger is also presenting the 8-Ball Race through the 2013 Wave, where competitors race head to head through gates, trying not to get knocked off course by the other kayakers in an effort to win a Dagger Mamba 8.1 kayak. The Dagger RPM Stern Squirt Session encourages kayakers to dust off their long boats, pull on their neoprene, and compete in a retro rodeo. A Dagger RPM kayak will be given away and points will be given to the kayaker who performs the most pirouettes, surfs, and stern squirts, with additional points awarded for style.

In the Bomber Gear Dress for Success Challenge, teams of two will gear up and relay race across current for a chance to win a Bomber Gear prize package. The event will take place just below the 2013 Wave and is open to paddlers of all ability levels. Paddlers looking to test their whitewater SUP skills can compete in the Bomber Gear SUP Race, where stand up paddlers will race through the 2013 Wave on the Nantahala for a chance to win prizes from Bomber Gear. 

For kayakers who enjoy a good game of basketball, Adventure Technology is combining the two sports in AT Canoe Ball, where teams of three will play basketball in kayaks, competing to score the most points and an ultimate swag bag.

Wilderness Systems will have kayaks available to demo at the beautiful, tranquil Fontana Lake just a short walk downstream of the 2013 Wave. Those looking for a bit of flat water competition are invited to compete in the Wilderness Systems Challenge, where teams of three kayakers will navigate a course on Fontana Lake, vying to win a Wilderness Systems prize pack. Both the demo and the competition are free and available to paddlers of all abilities.

Sponsor Event Schedule:
Wednesday, 1pm: Wave Sport Wesser Falls Extreme Race
Thursday, 2:30pm: Bomber Gear SUP Race
Thursday, 5:30pm: Dagger Dash
Friday, 2:30pm: Bomber Gear Dress For Success Challenge
Friday, 7pm: Dagger 8-Ball Race
Saturday, 2pm: Wilderness Systems Challenge
Saturday, 3pm: Adventure Technology Canoe Ball
Saturday, Sunday 11am-2pm: Wilderness Systems Lake Demos
Sunday, 2:40pm, Dagger Presents: The RPM Stern Squirt Session 

Confluence Watersports will be blogging live from Bryson City, N.C., throughout the week. Visit our live blog for details on how to win the Ultimate Swag Bag using #KayakWorldsandWIN.

About Confluence Watersports:

Confluence Watersports is the result of blending the unique watersports brands: Wilderness Systems®, Perception®, Dagger®, and Wave Sport® kayaks, Mad River Canoe®, Adventure Technology® paddles, Bomber Gear and Harmony® accessories. With a full representation of canoes and kayaks, ranging from touring and recreational to high-performance whitewater boats, the Confluence brands are well suited to outfit all paddling enthusiasts. For more information about the company, please visit www.confluencewatersports.com. 

By press release

Web news : Power Footwear Launches New International Website

Power Athletics Limited introduces a new interactive international website to over 20 countries worldwide, bringing their sport lifestyle footwear to a bigger audience than ever before. 

August 30, 2013

Power Athletics Limited, a Canada-based company which specializes in athletic, lifestyle and cheer footwear, has launched a new international website at http://www.powerfootwear.com/. Providing quality athletic footwear essentials since 1971, Power is bringing their new and improved site to both recreational and performance athletes in more than 20 countries worldwide, including India, South America, Chile and Colombia.

VP and General Manager of Power Athletics Ltd., Jim Russell, states that the Power team is excited about the launch, noting that the new site is “updated to meet the needs of our changing business and a consumer who is looking to connect through social media”. Created by website professionals at Media Platforms, the site will connect Power’s innovative footwear offerings with more consumers than ever.
James Cook, Principal at Roseander Main, the design-communications agency responsible for Power’s branding campaigns, confirms that the new site offers “a super-powerful backend” and is “fully responsive across all platforms and devices”. He further states that the “expansion will meet our long-term needs from a development standpoint, and should result in much higher consumer engagement." In fact, the new Power Footwear website makes interaction with customers easier than ever before, which is something they deem a top priority. It is “up-to-date, functional and easy to navigate”, says Josefa Wearmouth, Marketing Manager at Power Athletics Ltd. “It will allow us to interact with consumers and listen to what they have to say about our products. “

The site gives customers all the information they need to make the right footwear decisions. Along with a “compare” feature that allows them to evaluate one shoe against another, the site also provides consumers with the ability to search for particular technical features. They will find tech feature sections where they can look up their desired characteristic, read about the various technologies that help to form it, and immediately see the shoes that have incorporated those elements.

Customers can refine their search even more until they find the right shoe to fit their needs, incorporating elements like colour, highlight colour, and of course sport-specific designs. Men’s and Women’s shoes both include categories for running, training, hiking, court, and sports lifestyle. There are also cheerleading shoes for women. For instance, searchers can look up “running shoes for men” in blue with motion control features and can find the shoes to fit their exact criteria.

The new Power Footwear website is a fully functional, uncluttered, interactive and state-of-the-art website with a modern design element and colourful palette. But the most important thing to the team at Power was to bring something useful, informative and easily usable to their clientele. As Josefa Wearmouth confirms, “In the end, that’s what matters, our customers’ opinion.”

About Power
Power Footwear’s commitment to accessibility, quality and style is evident in all their shoes, and their goal is to provide excellent value to customers worldwide and to succeed as the world’s leading producer of mid-priced athletic and sport-lifestyle footwear. Committed to design innovation and consumer satisfaction, they maintain an athlete-focused approach in their mission to provide superior footwear.

By press release

New product : Nike's Leading Athletes Debut The Tech Pack, Tech Fleece Collection

15 of the world's best athletes embrace the modern look of sport.

To Nike, every human being on earth is an athlete. An idea perfectly summed up by Nike co-founder Bill Bowerman in a single sentence:

"If you have a body, you are an athlete."

Few of us will ever know what it's like to be a professional athlete. The rush of competing on a world stage atop perfectly groomed fields, courts, and tracks while millions of fans scream your name is a feeling we can only dream of.

Downtime while getting to and from practice is often an athlete’s only moment of relaxation. But truthfully, the spotlight never turns off. Even during their off moments these athletes are on.
In those moments comfort is everything. For that, athletes like Rory McIlroy, Matt Kemp, Kyrie Irving,

Adrian Peterson, Alexander Ovechkin, Jon Jones, Neymar Jr., Allyson Felix, Perry Shakes-Drayton, Jack Wilshere, Theo Walcott, Kevin Prince Boateng, Paul Rodriguez, Rafa Nadal, and Li Na turn to the next generation of classic sport apparel: Nike's Tech Pack, Tech Fleece Collection.

Whether it’s a completely redesigned basketball jersey or a featherweight boot, Nike athletes expect nothing less than the latest innovations. Nike Tech Fleece is light, warm, and looks as good as it performs. It’s everyday sportswear innovated for everyday life.

The Nike Tech Fleece Collection will be available at your local Nike Sportswear retailer and online through the Nike Tech Pack Lookbook on Aug. 29.

New products : New Hawaiian Jellys “Slip…aaahs” Sandals Provide Unprecedented Comfort and Fashion for Flip Flop Enthusiasts

Hawaiian Jellys, the world’s only “Slip…aaahs” are the only flip flop sandals on the market with innovative technology for maximum comfort. 

KONA, Hawaii  August 27, 2013

Hawaiian Jellys, a Kona, Hawaii-based Hawaiian island wear company started in 2011, has released the world’s first flip-flop sandal with state-of-the art technology.

“Our ‘slip…aaahs’ are gaining popularity as the world’s most comfortable flip flop sandal,” said company spokesperson Bryan McCormack. “In addition to providing comfort and fashion, Hawaiian Jellys are even a true revolution for foot health problem sufferers.”

Hawaiian Jellys are crafted with state-of-the art technology providing superior arch support, super soft suede between the toes and advanced heel air technology. The sandals are designed with fun, Hawaiian-inspired colors to bring an innovative, comfortable, and potentially pain-eliminating option to a multi-billion dollar industry.

“We see local people here in Hawaii barely able to walk as their feet have pronated inward after years of no arch, causing them to support all of their weight on the inside of their feet,” said McCormack. “We’ve created a way for people everywhere to enjoy island fashion and comfort while helping to maintain optimal foot health.”

Slip…aaahs also bring the Hawaiian paradise to people around the world with a variety of Hawaiian fruit and localized colors. Dragon Fruit slip…aaahs have the same purple and green of an actual dragon fruit. The bright red and black color of Kilauea Volcano slip…aaahs takes its name from one of the most active volcanos in the world.

In the future, Hawaiian Jellys plans to launch luxurious, island-inspired clothing for men, women and clothing. A line of one-piece and bikini swimsuits for women launches in the near future, soon to be followed by board shorts for men, beach hats, beach bags and sarongs. As part of their island-inspired clothing, Hawaiian Jellys will also introduce a line of leisure silk shirts showcasing artwork by famous Hawaiian artist Calley O’Neill.

“We use the very highest quality material and workmanship available. Because we sell our flip flop sandals online, eliminate the middle man and manufacture every product we sell, we are able to maintain competitive price points,” said McCormack. “Hawaiian Jellys is bringing fun, comfort and quality to the flip-flop industry. Try on a par of slip…aaahs for yourself, and you’ll be one step closer to paradise!”

About Hawaiian Jellys

Founded in 2011, Hawaiian Jellys is home of the world’s only slip…aaahs and other paradise-inspired apparel based in Kona, Hawaii. The company outfits men, women and children in Hawaii-inspired colors and themes. Hawaiian Jellys currently has its first store on the Big Island of Hawaii and plans to open seven more across the other islands during the coming year. Please visit HawaiianJellys (dot) com to view their products and for more information. For press or other inquires contact: Bryan McCormack, (808) 339-0800, info (at) hawaiianjellys (dot) com.

By press release

New products: Converse Debuts Fall 2013 Hudson's Bay Company Jack Purcell Collection

The Hudson's Bay Company iconic blanket is used for the first time on a sneaker. 

Converse Inc. debuts its Fall 2013 Converse Hudson’s Bay Company Jack Purcell sneaker collection. Designed in collaboration with Canada’s premium retailer, Hudson’s Bay, this collection merges the worldly heritage of the iconic Hudson’s Bay multi-stripe blanket with the equally iconic Jack Purcell sneaker, executed in the brand’s primary signature colors. For the first time ever, the actual woolen blanket is used in these one-of-a-kind styles for Fall 2013.

Available in the Converse unisex Jack Purcell, Duck Boot and women’s Helen silhouettes, each style embodies the Hudson’s Bay Company wool point blanket stripes, features threaded stitching and antique brass eyelets, and includes the Jack Purcell and Hudson’s Bay logos on the foot bed. These silhouettes also carry an official “Seal of Quality” maintaining the authenticity of Hudson’s Bay Company.

Additionally, the Jack Purcell Duck features a leather collar and heel stay, as well as embroidery on the tongue of the shoe, generating an elevated style that merges these two iconic worlds.

Hudson’s Bay Company, founded in 1670 is North America’s longest continually operated company and one of the oldest in the world. For more than two centuries, the Hudson’s Bay Company point blanket has been a familiar staple in Canada and across the world. Mirroring the execution of the blanket, the wool used on the sneakers is dyed before it is spun, then air and sun dried to brighten the colors. The signature multistripe pattern features four traditional colors popularized in the 18^th century.

The Converse Hudson’s Bay Company Jack Purcell sneaker collection will be available for purchase at Hudson’s Bay Stores for a suggested retail price of $120-140 starting Sept. 1.

ABOUT CONVERSE

Converse Inc., based in N. Andover, Massachusetts, is a wholly owned subsidiary of NIKE, Inc. Established in 1908, the Converse brand has built a reputation as “America’s Original Sports Company”™ and has been associated with a rich heritage of legendary shoes such as the Chuck Taylor® All Star® shoe, the Jack Purcell® shoe and the One Star® shoe. Today, Converse offers a diverse portfolio including lifestyle men's, women's and children’s footwear, apparel and accessories. Converse product is sold globally by retailers in over 160 countries and through 78 company-owned retail locations in the U.S. For more information, visit Media.Converse.com.

ABOUT HBC

The Hudson's Bay Company (HBC), founded in 1670, is North America's longest continually operated company. In Canada, HBC operates Hudson's Bay, Canada's largest department store with 90 locations, unsurpassed in its fashion, beauty, home and accessory designers and brands, as well as thebay.com. HBC also operates Home Outfitters, Canada's largest home specialty superstore with 69 locations across the country. In the United States, HBC operates Lord & Taylor, a department store with 48 full-line store locations throughout the northeastern United States and in two major cities in the Midwest, and lordandtaylor.com. With approximately 29,000 Associates in Canada and the U.S., Hudson's Bay Company banners provide stylish, quality merchandise at great value, with a dedicated focus on service excellence. The Hudson's Bay Company trades on the Toronto Stock Exchange under the symbol "HBC".

PRESS CONTACTS

Lacy Pica / Converse / 646.563.7830 / Lacy.pica@converse.com   
Kelly Ricci /HL Group / 212.529.5533 / kricci@hlgrp.com
Michelle Veilleux / Hudson’s Bay / 416.861.4306 / michelle.veilleux@hbc.com

Business news : Bleach Group Placed In Voluntary Administration; Announces Restructuring Plan

Wednesday, 28th August 2013: Sydney-based fashion house Bleach Group today announced a recapitalization and restructuring plan that guarantees the future of iconic Australian denim label Ksubi and street/surf brand Insight, and establishes an international growth platform for both labels.

Under the restructuring plan Bleach Group, including the Ksubi, Insight and Something Else labels, and all of its 80 employees have been brought into new corporate ownership, following a share placement by a US private equity group.

The company that previously housed Bleach and its labels has been placed into voluntary administration, a move made necessary primarily because of the closure of Bleach Group’s major Asia-based supply chain/sourcing factory in May 2013.

With new offshore sourcing arrangements secured, supply of Ksubi and Insight apparel and fashion accessories into Australian and international outlets will resume from this month after a short delay, ensuring sale of new season stock will proceed as normal.

Bleach Group CEO, Mark Byers, said: “The restructure was necessary to ensure the future of the Ksubi and Insight brands and more than 100 jobs globally and we can now look forward with confidence. The need for a voluntary administration, which we attribute mainly to China supply chain problems, is regrettable. However, the outcome is a positive one for the Ksubi and Insight brands, our domestic and international employees, contractors and sub-contractors, retail and wholesale distribution partners, and the wider Australian fashion industry.

“With growing competition from international labels and online sales, and rising sourcing costs in Asia, it has been a difficult time for the fashion industry. Despite this, our brands had been performing well until the supply disruption. Both Ksubi and Insight are sought-after in the youth markets in Australia, Europe and the US – losing them would have been a blow to the Australian industry, and meant the loss of many direct and indirect jobs in Australia and overseas,” he said.

“Bleach has a very tight-knit workforce and we are relieved we could protect these jobs, while creating a platform for future growth,” Mr Byers said.

About Bleach:

Established in 2002 Bleach Group and its subsidiaries, designs, produces, and distributes fashion apparel and accessories in Australia, Europe, Asian and the US markets. The company distributes its fashion in Australia and internationally through either company owned and / or third-party distribution outlets consisting of independent retail stores, major account retail stores, department stores, and online, as well as through its seven franchised Ksubi retail stores.

By press release

Retail news : New Balance to Open Multi-Brand Store in the Burlington Mall (US)

New Balance announced the opening of its inaugural New Balance Life Store in the Burlington Mall in Burlington, MA, offering a wide array of styles from the New Balance family of brands under a “Walk. Run. Live.” mantra.  The store pays homage to New Balance’s running heritage while providing an expanded comfort casual presentation. Located on the mall’s first floor, New Balance Life features Aravon and Cobb Hill for women, Dunham for men and New Balance for both men and women.

“We are excited to debut the New Balance Life retail concept that offers our family of high-quality performance and comfort casual brands, celebrates our authenticity and innovation, and maintains our high standard of retail excellence,” says Rob DeMartini, chief executive officer and president of New Balance.  “This store uniquely provides consumers with one-stop shopping to simply meet all of their needs – however they choose to move.”

The 1,994-square-foot New Balance Life store features a warm and bright shopping environment with a neutral gray and khaki palette layered with reclaimed wood, raw metal, natural fibers, exposed brick, leather, and vibrant lifestyle photography.  Merchandised by brand to highlight each one’s unique personality, the store’s design aesthetic is bohemian yet upscale as well as rugged, yet refined -- championed by New Balance’s brand heritage and comfort legacy.

“New Balance Life provides us with the unique opportunity to highlight comfort as a core quality alongside New Balance’s long-standing commitment to quality and performance,” says DeMartini.  “We can easily connect consumers with the innovative technology and superior comfort and fit that are synonymous with the New Balance brand and with each of the products we sell at New Balance Life.”

New Balance Life will host a Try A Pair & Win event Sept. 7 and 8 from 10:00 a.m. to 4:00 p.m. as well as participate in Simon Fashion Now on October 4 and 5th. 

By press release through sportsonesource

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Business news : Chinese wages become too high for H & M , which will build on Ethiopia

(AFP OLIVIER MORIN)

To find a hand always work cheaper, the Swedish giant 's ready-to -wear will install its factories in Africa

What is the average monthly salary in China? 300 euros.Trop expensive, too expensive for the giant ready-to -wear, Hennes and Mauritz (H & M) . So to keep production costs minimal , the Swedish company will relocate elsewhere.

No way to bet on Bangladesh , where the collapse of a building of textile production had killed 1,200 people last spring. Too bad for the image.

While H & M has decided to turn to Africa and establish itself in Ethiopia. LeMonde.fr the study reports the Wall Street Journal found that " the cost of producing a garment made in Ethiopia is half the price of a garment made ​​in China. " And the figures are from 2011 , before the dramatic rise in Chinese wages .

But settling in the Horn of Africa , H & M should not feel too lonely . The pioneer in this area is ... Chinese. This is the Huaijan shoe manufacturer , supplier brands Guess and Tommy Hilfiger .

To be on communication , H & M is a powerful reminder of his concern for human well-being. "We did a risk analysis to push Ethiopia, by focussing on issues of human rights and the environment ," said a spokesman for the Swedish company . A detailed analysis ?

Ethiopia is among the poorest countries in the poorest continent. His government is regularly the target of Amnesty International , which says " deeply concerned by the repression orchestrated against freedom of expression in this country. "

The goodwill H & M , the ultra cheap clothing imposes a labor always cheaper . Ethiopia , who wants to grow by attracting large Western companies , the offers him on a platter.

In fact, even in Addis Ababa , the capital of the country, there is not a single store H & M. No more than in all of sub-Saharan Africa.


French source sudouest.fr by Pierre-Yves Crochet

Media : Drop A Rhyme to #UniteAllOriginals

Following the launch of the adidas Originals' #UniteAllOriginals campaign (adidas.com/unite), featuring hip-hop legends Run DMC and superstar DJ A-Trak, the brand have created an interactive social media campaign that invites fans to join in on the action.

The social activation encourages fans to get involved by recording themselves rapping over A-Trak's beat, and uploading it to Instagram. Anyone from first-time MCs to hip-hop veterans can drop a 15 second rhyme and upload it for their friends and fans to enjoy.

The best entries will be cut into a #UniteAllOriginals 'remix' by an unannounced as yet DJ, and clothing from the limited edition adidas Originals Run DMC pack will be given to select participants.

London rapper J2K has already stepped up to kick-start the campaign. He's shown users how it's done by spitting an inspirational verse for the launch.



Visit www.adidas.com/go/droparhyme to get involved.

#UniteAllOriginals

Source adidas

New app: Nike inspires Londoners with the NikeFuel Map

Nike challenges Londoners to move more and earn NikeFuel.

Nike is encouraging Londoners to move more with the NikeFuel Map, designed to inspire people in London to get off the Tube and explore the city above ground.

With the NikeFuel Map, Londoners can find easy ways to be more active by walking between Zone 1 Tube stations and tracking NikeFuel– a metric that measures athletic activity. 'Urbanist', researcher and keen walker John Bingham-Hall walked the routes - adding scenic diversions to ensure Londoners were able to see the best of their city - and clocked up the NikeFuel points earned. Bingham-Hall's routes were then transcribed into a mathematical and accurate map format by the Centre for Advanced Spacial Analysis, part of University College London. The results were then handed to designer and 'visualizer' David Luepschen to turn into a graphically impactful map.

A pocket-sized version of the map is available in the following London Nike stores: Niketown London, Boxpark, Stratford, Covent Garden and White City.



Source Nike

New product : Goose Golf Solutions Launches New Product - The Gravity Brush

With a revolutionary and patent pending design, Goose Golf Solutions launches their latest product, the Gravity Brush. 

Toronto, OntarioAugust 28, 2013 

Goose Golf Solutions officially announced today the launch of their newest golf accessory, the Gravity Brush. The revolutionary and patent-pending design is what separates the Gravity Brush from its competitors. With over two years of careful research and design, the Gravity Brush has been carefully planned in an effort to be the best, most effective and most efficient golf brush on the market.

With the patent-pending head design, the Gravity Brush incorporates a combination of soft bristles, copper bristles and a 'groove cleaner' to achieve maximum performance.

The Smart water dispensing system automatically releases water when the 'groove cleaning' bristle is depressed onto the clubface. This unique and patent-pending design, is what differentiates this product from other golf brushes. The water reservoir will hold enough water for four rounds of golf before refilling.

"We're pleased to be presenting the evolution in golf brush design with the Gravity Brush," said Daniel York, Director of Operations for Goose Golf. "We have taken the steps to redefine the functionality and execution of one of the most essential tools in golf. We're really excited with our product line and to see it hit the hands of golfers. We're looking forward to receiving feedback from the golf community and continuing to indulge in our passion for creating golf products with a vision that remains true and pure to the game."

Consistent with Goose Golf's principle in creating quality products at reasonable prices, this is the perfect testament to the Gravity Brush. With a high quality standard and careful execution, the Gravity Brush will become an essential part of every golfers game.

Custom corporate logo'd products are also available which Goose Golf expects the value, design, and quality to far exceed any other corporate products. The flexibility to logo the brushes allows for maximum corporate identity exposure at a very competitive price.

About Goose Golf Solutions

Goose Golf is a North American manufacturer of high quality golf accessories. With the success of the innovative Goose Towel, and now the launch of the Gravity Brush, Goose Golf continues to produce high quality golf accessories that stay true and pure to the game. Find out more at: http://www.goosegolf.ca.

By press release

Business people : Heidi O'Neill Joins Skullcandy Board of Directors

PARK CITY, Utah, Aug. 26, 2013 (GLOBE NEWSWIRE) -- Skullcandy, Inc. (Nasdaq:SKUL) announced that Heidi O'Neill has been appointed to the Company's Board of Directors. Ms. O'Neill is Vice President and General Manager of Women's Training and Fitness at Nike, Inc.

"I could not be more excited to welcome Heidi into the Skullcandy family. Her deep knowledge of the female consumer, active lifestyles, and driving global brands is unsurpassed, making her an invaluable partner as we reinforce Skullcandy's global market position," stated Hoby Darling, President and Chief Executive Officer. "I know from my experience at Nike that she will bring tremendous insight and guidance to help shape our strategic course. Her experience is out shown only by her positivity and ability to drive change."

Ms. O'Neill has served as Vice President and General Manager of Women's Training and Fitness at Nike since 2007 and has more than 15 years of experience resetting businesses, and generating new and sustained growth within multiple Nike business segments. Ms. O'Neill is a founding member of the Nike Global Women's Leadership Council. Prior to joining Nike in 1998, Ms. O'Neill held positions as the marketing director for the Dockers brand at Levi Strauss & Co and as Vice President at Foote Cone & Belding in San Francisco.

She is a recipient of the Women Who Change The Game Award, Advertising Women of New York, 2010, as well as an Advisory Board Member of the Children's Cancer Association, and a Founding Board Member of the Nike School Innovation Fund.

About Skullcandy, Inc.

Skullcandy is the leading global lifestyle and performance audio brand driven by the creativity and irreverence of youth culture. Skullcandy designs, markets and distributes audio and gaming headphones and other related products under the Skullcandy, Astro Gaming and 2XL by Skullcandy brands. Skullcandy was launched in 2003 and quickly became one of the world's most distinct audio brands by bringing unique technology, color, character and performance to an otherwise monochromatic space; helping to revolutionize the audio arena by introducing headphones, earbuds and other audio and wireless lifestyle products that possess unmistakable style and exceptional performance. The Company's products are sold and distributed through a variety of channels in the U.S. and approximately 80 countries worldwide. Visit skullcandy.com, or join us at facebook.com/skullcandy or on Twitter @skullcandy.

Forward-Looking Statements

Certain statements in this press release and oral statements made from time to time by representatives of the Company are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, statements regarding the Company's anticipated future financial and operating results and any other statements about the Company's future expectations, beliefs or prospects expressed by management are forward-looking statements. These forward-looking statements are based on management's current expectations and beliefs, but they involve a number of risks and uncertainties that could cause actual results or events to differ materially from those indicated by such forward-looking statements. Important factors that could cause actual results to differ materially from expectations are disclosed under the "Risk Factors" section of the 2012 10-K filed with the Securities and Exchange Commission ("SEC") on March 13, 2013 and in any subsequent reports we file with the SEC. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not undertake any obligation to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT: ICR / Brendon Frey / Joe Teklits / 203-682-8200 Brendon.Frey@icrinc.com / Joseph.Teklits@icrinc.com

Source: Skullcandy, Inc.

News Provided by Acquire Media

Business news : Malakye’s Shmooz Job Fair & Networking Event Returns to Interbike in Las Vegas

Manhattan Beach, CA, Aug 26, 2013 -This September, the Shmooz is back – don’t miss out on this amazing (and free) event!

Manhattan Beach, Calif. (August 22, 2013) -- Malakye (http://www.Malakye.com/), the leading careers website for professionals and companies in lifestyle-driven industries, brings The Shmooz to Interbike, which takes place at the Mandalay Bay Convention Center in Las Vegas on Friday, September 20th, from 11am-4pm.

This event opens with a discussion panel featuring representatives from leading companies in the bike industry and is focused on standing out in a competitive job market.  The discussion panel will be held from 11am–11:45am.  The traditional career fair & networking event will then kick off after a 15-minute break and will take place from noon-4pm.  It is free to attend any portion of the event.  “We want The Shmooz to continue to evolve and grow…” explains Chad Mihalick, founder of Malakye.com, “and adding the discussion panel is a step in that direction – they’re a proven hit and we can’t wait to make it happen at Interbike!”

Industry leading employers already committed to exhibit at The Shmooz include: Specialized, SRAM, Bellwether Cyclewear, shebeest, Canari Cyclewear, and Pivot Cycles, with more to be announced in the coming weeks.  These companies will be recruiting talented individuals for a wide range of positions, including sales, marketing, software development, retail, product design & development, and more.
Elizabeth Walter, Recruiter at SRAM, who participated in last year’s Shmooz at Interbike, has this to say about her experience:  “I have been telling people at all levels of our company how cool the event was…and have been busy forwarding some of the standout candidates so that we can begin making connections with them. We look forward to participating next year!”  SRAM is in fact back at The Shmooz!

To register as an attendee (registration is free) and to keep up on the latest from the Shmooz at Interbike, visit: bit.ly/interbike-shmooz-registration

Companies interested in having a formal presence can contact Kelly Bader (kelly@malakye.com) for more details.

Get involved! Join our Facebook Event, follow us on Twitter & Instagram at @malakyecareers and kick off the conversation! Don't forget to hashtag the #Shmooz!

Check out a video recap of three Shmooz events held earlier this year at: http://vimeo.com/59123388

ABOUT MALAKYE:

Malakye, based in Manhattan Beach, California, is a world-wide leader in employment, business, and news within lifestyle-driven industries.  Throughout our 10-plus year history we have provided a platform to connect passionate jobseekers with companies looking to hire in action sports, the outdoors, cycling, power sports, and beyond!  Learn more about the company at: www.Malakye.com

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Kelly Bader / Malakye.com / kelly@malakye.com / (310) 379-5077

Business news : NOTOX riding the wave of crowdfunding platform with WiSEED. Help Notox to survive and the experiment to continue ...

NOTOX ® is poised to become the first brand snow sports funded by its own "ecosystem" .
 
NOTOX manufactures surfboards new generation opens its capital to private investors through crowdfunding platform WiSEED .

In an ethical quality, great respect for nature and shapers , NOTOX not forget the essential : the performance! Faster and more resilient comfortable lighter boards , . 
The mission of the company GREEN WAVE is based on a demanding triptych technical performance , respect for people and respect for the environment . The NOTOX ® trademark is founded to materialize the ideal "non- toxic" . 

GREEN WAVE launches in 2009 the construction of his "lab " production tool unique in the World, subject to strict internal quality charter guaranteeing :
1 . Operator protection (health - safety )
2 . Recovery of waste production ( sorting , recycling and disposal ) .
3 . Innovations implemented in the "lab " is the result of close collaboration with the CARSAT the NAALC and Occupational Medicine (particularly through the thesis of our current occupational physician ) .In parallel, three years of R & D have been necessary for the development of high-tech green composites. With this expertise , GREEN WAVE maintains today , privileged relationships with organizations such as: BT3 technologies, platforms and Aquitaines CANOE COMPOSITADOUR , and very active CELC ( European Confederation of Flax and Hemp ) .

In May 2013, the magazine Challenges class GREEN WAVE in the top 7 French startups more attractive , and Les Echos ( Occasional innovation in Aquitaine) as " NOTOX surfing the wave of the green."

Faced with this growing critical acclaim , and started his fundraising € 1m , GREEN- WAVE launches crowdfunding campaign and managed to mobilize more than 300 fans . With WiSEED , crowd -funding platform dedicated to innovation , there is an opportunity for individuals to participate in this round through a subscription * . It is possible to invest online , from 300 euros and become a shareholder of GREEN- WAVE .

This fundraiser will develop three strategic areas:

1 . An ambitious business plan to raise the brand to the rank of major player in Europe by the end of 2016.
2 . The development of a new production both simple , modular and flexible ( factory "LEGO" concept ) to disseminate the concept internationally.
3 . A plan for R & D fort seen to increase our competitiveness and strengthen our position as "innovative" leader. By the end of 2013 , participation in a 100% cellulose composite collaborative project .

NOTOX ® is poised to become the first brand snow sports funded by its own "ecosystem" . Also, to weld close ties with his future community participatory shareholders GREEN WAVE award the label " Premium Ambassador " to all practitioners subscribers ; giving them access to custom boards at a preferential rate (20% ) .

* The execution of subscription is provided by the execution order service provided by AM France SAS , Service Provider approved by the Investment Prudential Supervision Authority (ACP ) under No. 18173D IPC and whose activity program has been approved by the Financial Markets Authority (AMF).



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Business news : Delta Apparel Acquires Salt Life

Delta Apparel said its wholly-owned subsidiary, To The Game, LLC, has acquired substantially all of the assets of Salt Life Holdings, LLC, including all of its domestic and international trademark rights in the Salt Life beach brand.

The purchase price for the transaction consists of $15 million in cash, two promissory notes in the aggregate principal amount of $22 million, and an additional payment contingent on certain performance targets being met with respect to sales of Salt Life products in calendar 2019. The Company financed the cash portion of the purchase price through an amendment to its asset-based secured revolving credit facility.

Salt Life is an authentic, aspirational and lifestyle brand that embraces those who love the ocean and everything associated with living the “Salt Life”. Founded in 2003 by four avid watermen from Jacksonville Beach, Florida, the Salt Life brand has widespread appeal with ocean enthusiasts worldwide. From fishing, diving and surfing, to beach fun and sun-soaked relaxation, the Salt Life brand says “I live the Salt Life”. From its first merchandise offerings in 2006, Salt Life has grown to more than $20 million in annual sales, with distribution in surf shops, specialty stores, department stores and sporting goods retailers.

“The Salt Life acquisition opens up another exciting chapter in the history of Delta Apparel, Inc.,” commented Robert W. Humphreys, Chairman and Chief Executive Officer. “This continues our strategy of building lifestyle brands that can take advantage of our creative capabilities, vertical manufacturing platform and international sourcing competencies. Since becoming the exclusive licensee for Salt Life apparel and other categories in 2011, Delta Apparel has broadened its core consumer appeal by developing authentic and compelling products that cater to a host of ocean and beach enthusiasts. During this time Salt Life has also expanded geographically from a nearly exclusive Florida brand to now having products available to consumers in over 1,500 retail doors from Texas up the coast to the Northeast."

Delta Apparel also developed and launched an online store at www.saltlife.com which has experienced exceptional growth. Most recently product is being seeded in retailers in California and Hawaii and is receiving a great response from consumers.”

Humphreys continued, “While this acquisition will have minimal impact on our revenue and earnings in the upcoming year, it will be a key growth initiative in the future. As owner of the brand we will greatly increase our investment in consumer advertising and point-of-sale branding. We look forward to the many opportunities we see for strong continued growth with the Salt Life lifestyle brand.”

Salt Life will be operated as a division of To The Game, LLC, where it has been managed under a license agreement since 2011, growing annual sales from $6 million to over $20 million. Jeff Stillwell, President of To The Game, commented, “The experience we have had with the growth of Salt Life over the past two years gives us great confidence in the future potential of the brand. Our Jacksonville-based team does an outstanding job servicing our customers and promoting the Salt Life brand. The flagship Salt Life retail store, which opened in Jacksonville Beach, Florida during 2012, serves as a vision for retail customers to see product placements they can utilize in their stores. It also serves as a direct-to-consumer laboratory as we test new product concepts for broader retail distribution.”

Delta Apparel, Inc., along with its operating subsidiaries, M. J. Soffe, LLC, Junkfood Clothing Company, To The Game, LLC and Art Gun, LLC, is an international design, marketing, manufacturing, and sourcing company that features a diverse portfolio of lifestyle basic and branded activewear apparel and headwear.

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New products : Sun Protection Zone sports debuts with Head-to-toe SUP specific apparel and accessory collection.

Extreme Athlete and Ultimate Waterman Tom Jones Partnered with Sun Protective Apparel Innovator Sun Protection Zone on the New Line

CYPRESS, Calif., Aug. 26, 2013 – Sun Protection Zone, a leading innovator of sun protective clothing and products, is pleased to announce the launch of SPZ Sports.  A collaboration with extreme athlete and SUP World Record holder Tom Jones, the first head-to-toe collection will meet the specific needs of Stand Up Paddleboarders (SUP) and other water sports enthusiasts.

The SPZ Sports SUP line will include two shirt styles, gloves, two bootie styles and a head wrap to start, with additional products to be added soon.  Each style features the ultimate in sun protection and unique innovations for comfort and maneuverability while on a SUP mission or other active watersports endeavor.

A highlight of the collection is MAC or “Motion Activated Cooling,” an innovative venting system that allows air to flow through both the front and back of the Men’s Long Sleeve MAC Shirt. The shirt, made of breathable four-way stretch UPF 50+ sun protective fabric, features mesh underarms and side panels for additional cooling, seamless underarms to avoid chafing, palm padding for grip, thumb holes to keep sleeves in place, covered hands for UV protection and reflective piping for enhanced visibility. Suggested retail price will be $88.

A Men’s Ultra Lite Shirt with short sleeves and a Women’s Ultra Lite Shirt with either short or long sleeves will also be available.  With “nearly naked” lightweight four-way stretch UPF 30 fabric, the tops feature mesh underarms and side panels for cooling, seamless underarms to avoid chafing and reflective piping for visibility. The long sleeved version also has palm padding for grip and thumb holes to keep sleeves in place and for UV hand protection.  Suggested retail price will be $52-$62.

In addition to UPF 50+ sun protection for the hands, the TJ Pro Sports Performance Gloves will offer double Velcro closures for a perfect fit and adjustability, raised “sticky” palm pads and faux leather padding for both grip and “slide” as well as comfort while paddling, and a pre-curved design to ease carpal tunnel issues and offer support. Suggested retail price will be $50.

Two bootie options will include the TJ Pro StableStance Boots and H2O MOX (Water Moccasin).  The StableStance Boots will offer a ribbed sole and heel design to promote better board grip, a custom heel and Achilles design to support ankle and foot stability, porous toe panels for water drainage and an ankle cinch strap to keep debris out. The lightweight H2O MOX has a ribbed sole for traction on any surface, porous fabric that drains water easily and an elasticized top to keep the debris out. Both offer 50+ UPF sun protection for the feet and ankles and the suggested retail price will be $59 and $21 respectively.

Finally, to top it all off, the HeadSkinz Action Wrap will provide UPF 50+ sun protection for the head with a full drape to protect the ears and neck as well.  A neoprene padded top will add cushion to comfortably “head-haul” a SUP or surf board with ties that will allow adjustability to ensure the wrap stays put even in extreme wind conditions. Suggested retail price will be $20.

The new SPZ Sports SUP collection will debut at Surf Expo, Sept. 6-8, 2013, Booth #758 at the Orange County Convention Center in Orlando, Florida, with product available in specialty, online and retail stores beginning in November 2013.

For more information, visit the website www.spzsports.com, follow on Facebook facebook.com/spzsports, Instagram instagram.com/spzsports and Twitter twitter.com/spzsports

About Sun Protection Zone

Founded in 2005, Sun Protection Zone develops men’s, women’s and children’s apparel and accessories with 100 percent UVA & UVB protection. The collection includes tee-shirts, long sleeved shirts, rash guards, shorts, hats and arm sleeves. Sun Protection Zone’s goal is to inform and protect consumers from the sun in fashionable ways with great quality and unique design. Sun Protection Zone not only sells sun protective products, but is very involved in the community and charity by spreading the message of sun safety in unique ways. They also work with leading dermatologists to raise awareness of skin cancer and educate their patients about sun protection through product sampling, brochures and other informative publications.

By press release

Business people : BRIXTON NAMES MIKE LAWSON DIRECTOR OF U.S. SALES

Oceanside, CA (August 28, 2013) – Brixton is excited to announce the hiring of Mike Lawson as Director of U.S. Sales. In the position, Mike will be responsible for Brixton’s domestic sales strategy including distribution, planning and sales rep management.

Lawson comes to Brixton with more than 16 years of experience in the action sports industry including over six years at Sole Technology as the National Sales Manager for Emerica and Altamont. Most recently Lawson managed national sales for the action sports division of Amer Sports, overseeing U.S. sales for Salomon Snowboards, Bonfire and Nikita.

“We are excited to bring on someone with Mike’s ability to lead our U.S. sales team,” said Brixton co-founder and General Manager Jason Young. “Mike is well respected and comes to us with the knowledge and experience needed to help the continued growth of Brixton.”

“I’m extremely grateful for the opportunity to be a part of such an incredible brand,” said Lawson. “Brixton is one of those brands that you don’t find everyday. It’s a special time for the company and I am looking forward to working with a group of talented, passionate and like-minded people.”

About Brixton:

Founded in 2004, Brixton is the collaboration of three friends who wanted to convey their lifestyle through unique products. Based in Oceanside, CA, Brixton manufactures a full line of apparel, headwear and accessories and is distributed in over 30 countries. The clean, classic design of the Brixton collection has a modern yet timeless feel and each piece is constructed with the commitment to bringing customers quality product they’ll want to hold onto forever. For more information on Brixton visit www.brixton.com and follow @brixton.


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Business news : Boardworks Surf Announces Direct Distribution Plan for Canada

Boardworks Surf Announces Direct Distribution Plan for Canada
Carlsbad, CA (August 26^th, 2013)  - Boardworks Surf announces it will be taking over all Canadian distribution effective immediately. Previously, Boardworks had a distributor agreement with Boardworks Surf Canada, a partnership that has been in place for 3 years. With the new structure, all customer service, AR, marketing, and planning will be handled out of Boardworks’ home office in Carlsbad, California. Boardworks will maintain a Canadian warehouse to ensure quick delivery on key products, and will ship additional inventory from California.

“Boardworks Surf Canada has done an amazing job servicing and introducing SUP to the Canadian market. They have played a huge part in getting Canadians hooked on SUP.  The sport is evolving quickly in Canada and increased participation has resulted in more retailers, more events, and more brands.” says Boardworks’ National Sales Manger Ryan Guay. “The paddling season is short in Canada. In order to continue the growth and stay competitively priced, we need to have a direct link to the retailers in Canada, we need to listen to their demands, create proper marketing assets, and deliver on time.”

 

Boardworks will retain some of the existing Canadian sales reps, athletes and ambassadors including John Kuyper, Norm Hann and others. "Norm Hann and myself are looking forward to the next year; with all of the great products recently introduced at Outdoor Retailer, Canadian  retailers have a lot to be excited about in 2014. We look forward to building on the great business base that has been created and expanding the brand across the country." comments John Kuyper. Boardworks will be contacting all existing retailers within the next week. If you have any questions or are interested in becoming a Boardworks retailer in Canada please contact John Kuyper at john@jlkc.ca, 647-281-5719.

 

About Boardworks

Based in Carlsbad California, Boardworks Surf, a leader in the standup paddle industry, designs and manufactures innovative and award winning standup paddle boards, paddles, surfboards and accessories. The focus of Boardworks is to build user-friendly performance products that make your time on the water more enjoyable. There are many types of waterways in this world and many different ways to enjoy Stand Up Paddling. Boardworks’ design approach ensures that you have the perfect board for your next SUP or surf adventure.  Along with the Boardworks branded products, Boardworks manufactures SUP boards and surfboards for some of the worlds premier brands including Infinity, Badfish Standup Paddle, Morrelli & Melvin, Ohana, Rusty, Hynson, Dewey Weber, Ben Aipa, Bruce Jones, Kane Garden and Hansen using our proprietary construction technologies. www.boardworkssurf.com

Business news : Foot Locker Inc. Maintains Full Year Guidance

Foot Locker, Inc. reported net income rose 11.9 percent in its second quarter ended Aug. 3, to $66 million, or 44 cents per share, compared with net income of $59 million, or 39 cents, last year. Comparable-store sales increased 1.8 percent. Excluding costs tied to the acquisition of Runners Point Group and the closing of the CCS Retail stores, EPS increased 23 percent but was slightly below Wall Street's consensus target.

Total second quarter sales increased 6.4 percent, to $1.45 billion this year, compared with sales of $1.37 billion for the corresponding prior-year period. Excluding the effect of foreign currency fluctuations, total sales for the second quarter increased 5.9 percent.  Total second quarter sales results include one month of Runners Point Group's operations.

Year-To-Date ResultsNet income for the company's first six months of the year increased to $204 million, or $1.34 per share, compared to net income of $187 million, or $1.21 per share, for the corresponding period in 2012.   Earnings per share for the six month period have increased 11 percent compared to the same period in 2012.  Year-to-date sales were $3,092 million, an increase of 5 percent compared to sales of $2,945 million in the corresponding six month period of 2012.   Year-to-date comparable store sales increased 3.5 percent. Excluding the effect of foreign currency fluctuations, total sales year-to-date increased 4.9 percent.

Non-GAAP Adjustment
During the second quarter, the company incurred approximately $5 million, pre-tax, in costs related to the acquisition of Runners Point Group and the closing of the CCS Retail stores. Excluding these expenses, second quarter earnings were 46 cents per share on a non-GAAP basis, an increase of 21 percent compared to the 38 cents that the company earned in the second quarter last year. Results were slightly below Wall Street's consensus estimate of 48 cents a share.

For the first six months of 2013, non-GAAP net income was $1.37 per share, an increase of 14 percent over the $1.20 per share earned in the corresponding period of 2012.

"Sales in the second quarter were more challenging than we planned for, especially in the United States.  Despite this headwind, we produced second quarter ongoing profit and sales results that were our best ever as Foot Locker, Inc., demonstrating that the execution of our strategic priorities continues to deliver solid financial and operational results for our shareholders and other stakeholders" said Ken C. Hicks, chairman of the board and chief executive officer.  "We remain confident that we can achieve a mid-single digit comparable sales gain and a double digit percentage profit increase for fiscal 2013, as we build momentum in our operational and financial performance now and over the long term."

Financial PositionAt August 3, 2013, the company's merchandise inventory was $1,306 million, 6 percent higher than at the end of the second quarter last year. Excluding Runners Point Group, inventory increased approximately 3 percent.

During the second quarter, the company repurchased approximately 2.83 million shares of its common stock for $100 million.

The company's cash, cash equivalents, and short-term investments totaled $836 million, while the debt on its balance sheet was $141 million. The company's total cash position, net of debt, was $8 million higher than at the same time last year.

Store Base Update
During the second quarter, the company opened 24 new stores, remodeled/relocated 89 stores and closed 44 stores. With the addition of 194 stores acquired in the Runners Point Group transaction, the company operated 3,495 stores in 23 countries in North America, Europe, Australia, and New Zealand as of August 3, 2013.  In addition, 45 franchised Foot Locker stores were operating in the Middle East and South Korea, as well as 24 Runners Point and Sidestep franchised stores, which were added as part of the RPG acquisition. 

FOOT LOCKER, INC.Condensed Consolidated Statements of Operations(unaudited)Periods ended August 3, 2013 and July 28, 2012(In millions, except per share amounts)
		Second Quarter 2013			Second Quarter 2012				YTD 2013				YTD 2012
Sales		$	1,454		$	1,367			$	3,092			$	2,945
Cost of sales			1,001			939				2,078				1,980
SG&A			314			306				629				612
Depreciation and amortization			31			29				62				58
Other Charges			2			-				2				-
Interest expense, net			1			1				2				2
Other Income			(1)			(1)				(3)				(1)
			1,348			1,274				2,770				2,651
Income before taxes		$	106		$	93			$	322			$	294
Income tax expense			40			34				118				107
Net income		$	66		$	59			$	204			$	187
Diluted EPS		$	0.44		$	0.39			$	1.34			$	1.21
Weighted-average diluted shares outstanding			151.4			153.9				152.1				154.1
		Second Quarter 2013			Second Quarter 2012				YTD 2013				YTD 2012
Non GAAP Results
RPG Acquisition Costs (1)		$	2		$	-			$	3			$	-
CCS Exit Costs		$	1		$	-			$	1			$	-
Tax Rate Change (2)		$	-		$	(1)			$	-			$	(1)
Non GAAP Net Income		$	69		$	58			$	208			$	186
Non GAAP Diluted EPS		$	0.46		$	0.38			$	1.37			$	1.20

Footnote to explain adjustments
(1)	Integration and transaction costs associated with the acquisition of Runners Point Group.
(2)	In the second quarter of 2012, the Company recorded a benefit of $1 million, or $0.01 per diluted share, to reflect the repeal of the last two stages of certain Canadian provincial tax rate changes.

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