Pacsun Trims Q1 Loss

Pacific Sunwear of California, Inc. reported that its loss narrowed slightly from continuing operations in the first quarter. Comparable store sales grew 3 percent. Gross margin were up 100 basis points.

Sales from continuing operations for the first quarter of fiscal 2014 ended May 3,, were $171.1 million versus net sales from continuing operations of $166.4 million.

The company ended the first quarter of fiscal 2014 with 618 stores versus 638 stores a year ago.

On a GAAP basis, the company reported a loss from continuing operations of $10.4 million, or 15 cents per diluted share, for the first quarter of fiscal 2014, compared to a loss from continuing operations of $24.1 million, or 35 cents per diluted share, for the first quarter of fiscal 2013.

The loss from continuing operations for the company's first quarter of fiscal 2014 included a non-cash gain of $1.2 million, or 2 cents per diluted share, compared to a non-cash loss of $9.3 million, or 13 cents per diluted share, for the first quarter of fiscal 2013 related to the derivative liability that resulted from the issuance of the Convertible Series B Preferred Stock (the "Series B Preferred") in connection with the term loan financing the Company completed in December 2011.

On a non-GAAP basis, excluding the non-cash gain (loss) on the derivative liability, and assuming a tax benefit of approximately $3.8 million, the Company would have incurred a loss from continuing operations for the first quarter of fiscal 2014 of $7.4 million, or 11 cents per diluted share, as compared to a loss from continuing operations of $9.5 million, or 14 cents per diluted share, for the same period a year ago.

"I believe that in a tough marketplace we are continuing to attract new customers and great brands to PacSun, which has been key to achieving our ninth straight quarter of positive comparable store sales," said Gary H. Schoenfeld, president and chief executive officer. "While we anticipate continued growth in our Men's business, the promotional environment that we are seeing in the mall coupled with underperformance in a couple of categories in Women's is resulting in a more cautious outlook for the second quarter."

Financial Outlook for Second Fiscal Quarter of 2014

The company's guidance range for the second quarter of fiscal 2014 contemplates a non-GAAP loss per diluted share from continuing operations of between $(0.08) and $(0.02), compared to $0.02 in the second quarter of fiscal 2013.

The forecasted second quarter non-GAAP loss from continuing operations per diluted share guidance range is based on the following assumptions:

• Comparable store sales from -5 percent to flat;
• Revenue from $200 million to $210 million;
• Gross margin rate, including buying, distribution and occupancy, of 26 percent to 29 percent;
• SG&A expenses in the range of $56 million to $58 million; and
• Applicable non-GAAP adjustments are tax effected using a normalized annual income tax rate.
• The company's second fiscal quarter of 2014 guidance range excludes the quarterly impact of the change in the fair value of the derivative liability due to the inherently variable nature of this financial instrument.

Discontinued Operations

In accordance with applicable accounting literature and consistent with the company's financial statement presentation in its fiscal 2013 annual report, the Company has reclassified the results of operations of its closed stores as discontinued operations for all periods presented, as applicable.

Derivative Liability

In fiscal 2011, as a result of the issuance of the Series B Preferred in connection with the company's $60 million senior secured term loan financing with an affiliate of Golden Gate Capital, the company recorded a derivative liability equal to approximately $15 million, which represents the fair value of the Series B Preferred upon issuance. In accordance with applicable U.S. GAAP, the Company has marked this derivative liability to fair value through earnings and will continue to do so on a quarterly basis until the shares of Series B Preferred are either converted into shares of the Company's common stock or until the conversion rights expire (December 2021).

As of May 29, 2014, the company operates 619 stores in all 50 states and Puerto Rico.


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Princeton Tec Brings Custom Headlamp Program to GoPro Mountain Games

BORDENTOWN, N.J. (May 29, 2014) - Princeton Tec, a New Jersey-based manufacturer of headlamps and handheld lights for the outdoor, bike, tactical, industrial, and SCUBA industries, is bringing its one-of-a-kind Spectrum custom headlamp program to the GoPro Mountain Games June 5-8 for another year of interactive headlamp creation.

“It’s exciting to bring our Spectrum headlamp customization program back to the Mountain Games for another season,” said George Chevalier, Marketing Manager at Princeton Tec. “The onsite re-creation of our production line not only helps educate consumers, shop owners, and shop employees in a real-time setting, but it also immerses our brand in the passionate outdoor culture featured at the event.”

The custom headlamp program instills creativity in its participants and enables individuals to create a customized Fuel headlamp using a 10-color pallete for six different headlamp parts – plus two headstrap options. The program uses Princeton Tec’s 70-lumen Fuel headlamp, which can be purchased for a discounted price of $25 at the Games.

The GoPro Mountain Games attracts professional and amateur athletes from across the globe to celebrate life in the outdoors. The Princeton Tec custom headlamp program will be located in ‘Gerber Gear Town,’ where fans and athletes can convene to both enjoy food and beer gardens, as well as a collection of outdoor brands and gear giveaways. Make sure to make your way to the Princeton Tec tent to build your own, custom headlamp step-by-step.

Just think, no one else in the world will have a headlamp like yours.

For more about the Princeton Tec Spectrum custom headlamp program, please visit: http://spectrum.princetontec.com/.

About Princeton Tec:

Since 1975, New Jersey-based Princeton Tec’s goal has been to support the outdoor community by building lighting products for the people who need superior illumination for any situation. Out products are designed to enhance all outdoor activities, crossing the boundaries from SCUBA and water sports; to camping and backpacking; to snow sports; alpine sports and road/commuter biking.

For more information on Princeton Tec, visit http://princetontec.com/.

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Fleet Feet Acquires Metro Run and Walk

Fleet Feet, Incorporated announced the purchase of Metro Run and Walk in Mishawaka, Indiana, the neighboring town of South Bend. The formal acquisition is the 123rd store for the company.  Former store owner, David Lewin, has been serving the Mishawaka and South Bend communities since 2001 and has established a reputation for outstanding service, knowledge and dedication to the local running community.

In addition to this acquisition, the company outlined its retail expansion plans for the second and third quarter which include nine new store openings and the conversions of two independent running specialty stores to Fleet Feet Sports franchises.

The company will open six new franchises in May and June:  Fort Mill, SC; Decatur, IL; Plattsburgh, NY; Scottsdale, AZ; Richmond, VA; and Des Moines, IA.

Fleet Feet Sports Development Company will also open new locations in Cincinnati, OH, Asheville, NC and Longmeadow, MA.  Longmeadow is a suburb of Springfield and will be the company’s first store in Massachusetts.  These stores will be part of the company’s Operating Partner Program – a unique employee-to-owner program that provides the opportunity for elite retail employees to build a new business from the ground up, gain equity, and ultimately buy the store and become a franchise business owner.

In addition to new store openings, two independent running store owners will convert their stores to Fleet Feet Sports franchises.  Both of these conversions are planned for July and details will be announced at a later date.  They will join the franchise system to access additional tools and support provided by the Fleet Feet Sports team to help them meet their goals for growth.

“We are hitting on all cylinders right now in terms of driving brand growth through expansion of our retail footprint,” said Fleet Feet President and CEO, Jeff Phillips.  “Our position within the specialty running channel is unique because we have developed so many ways to grow: new franchisees, existing franchisees opening multiple locations, company stores, acquisitions, and independent conversions – all strategies that align with our locally owned and operated model.”
   
Fleet Feet, Incorporated has 123 locations in 35 states and the District of Columbia.

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Converse Unveils an Evolution to the Iconic Weapon Sneaker

New Converse CONS Weapon offering brings the iconic original to the height of modern streetwear.

CONVERSE Inc. announced the launch of its new Converse CONS Weapon sneaker collection, a compilation of five premium sneakers crafted with a modern shape and striking color palette that encapsulates the creative spirit.

Spanning a diverse design aesthetic, each new Converse CONS Weapon carries a streamlined silhouette with fabrications and design details that are enhanced by the sneaker’s light and edgy look. This exclusive collection will launch throughout the summer in anticipation of a more expansive Converse CONS sneaker collection in August.

“We are excited to launch the Converse CONS Weapon sneaker collection to build momentum for a newly evolved Converse CONS Weapon inline collection later this summer,” said Chris Law, Design Director Converse CONS.  “This premium collection is a first look at the launch of a more refined and re-mastered Converse CONS Weapon, while preserving the sneaker’s iconic elements.”

The Converse CONS Weapon premium sneaker collection builds upon the sport heritage of the original Weapon design, while updated for a more modern look and feel. The Converse CONS Weapon Patchworkis a First String sneaker with a kaleidoscope of iconic colors and graphics in bold, juxtaposing colors. TheConverse CONS WeaponRay Pack sports a heathered contrast dark-and-light gray jersey, with retro-tech details and the Converse CONS Weapon Reflective Mesh Pack is a sleek mesh sneaker backed with a reflective material that throws light back in a subtle, photogenic strike.

Each sneaker is built with a focus on internal comfort, including a padded internal Y-Bar with memory foam for enhanced cushioning and fit, as well as a plush marbled EVA sockliner. The external Y-bar and Star Chevron logo are rooted in the design DNA of the coveted original Weapon, but updated to balance with the renewed upper construction.

The Converse CONS Weapon sneakers will be available for purchase globally starting on Friday, June 13 at retailers including Converse and Undefeated stores in the U.S., and at Patta in Amsterdam.

Converse CONS Weapon Patchwork

Bright colors are a bold statement on the Converse CONS Weapon Patchwork, the design of which is rooted in the athletic heritage of jerseys. This vibrant First String sneaker is a collage of unique pieces of mesh, arranged so that each foot has a different composition, complete with a reflective Star Chevron logo and all of the comfort assets of the Weapon collection. Converse First String is a limited-edition collection that celebrates craftsmanship, authenticity and collaboration at the highest level. Available at First String retailers on Friday, June 13 for a suggested retail price of $130 USD.

Converse CONS Weapon Ray Pac

The Converse CONS Weapon Ray Pack is all about material juxtaposition: a contrast of premium heathered cotton in dark and light grays, created using a slow-craft jersey production technique from Japan. Semi-transparent bonded Y-bars and outsoles pop against a striking paint spatter effect, while internal details complement the contrasting aesthetic and emphasize comfort. Available in Charcoal and Light Gray on Friday, July 11 for a suggested retail price of $120 USD.

Converse CONS Weapon Reflective Mesh Pack

The mesh jersey story continues with a sleek, refined palette unique to the Converse CONS Weapon Reflective Mesh Pack. Designed with perforated mesh that is backed with a reflective material, there’s a subtle reveal when this sneaker is hit with a flash of light. Available in Ski Patrol and Imperial Purple on Friday, August 9 for a suggested retail price of $120 USD.

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 83 company-owned retail locations in the U.S.

For more information, visit Converse.com.


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Ways And Exercises To Prevent Sports Injuries Like Sprain And Strain, A New Report On Vkool.com, Reveals To People Tips And Advice On How To Avoid Sports Injuries

Ways And Exercises To Prevent Sports Injuries Like Sprain And Strain, a new report on the website Vkool.com uncovers a wide range of preventive strategies for sports injuries. 

Seattle, WA  May 21, 2014 

Sports injuries can happen when people exercise or play sports. Ways And Exercises To Prevent Sports Injuries Like Sprain And Strain, a new report created by Preeti Verma on the site Vkool.com, shows simple and easy tips and advice on how to avoid sports injuries such as sprains and strains. In the first part of this report, people will discover some preventive strategies for sports injuries, including:

•     Know the rules of the game.
•     Do not play when people are injured.
•     Be in proper physical condition to play a sport.
•     Get in shape before playing a sport.
•     Gradually increase the level and amount of time people exercise.
•     Do not play or exercise when people are fatigued or in pain.
•     Always warm up before people play or exercise: people should take a light jog for 5 to 10 minutes, and stretch specific muscles that they will use in the activity. A proper warm-up will help people prevent injury and improve their level of play.
•     Learn proper form: this way will help reduce people’s risk for overuse injuries in sports such as golf and tennis.
•     Wear the right shoes for people’s sport: people should choose shoes that fit properly, are stable, and absorb shock.
•     Always use proper safety gear such as mouth guards, goggles, and helmets.
•     Stop exercising or playing when people feel pain.

In the second part of this article, Preeti Verma reveals to readers some injuries that should be seen by a doctor right away such as:

•     An old injury swells
•     An old injury hurts or aches
•     People cannot put weight on the affected area.
•     The injury causes swelling, severe pain, or numbness.
•     The joint does not feel normal or feels unstable.

In the final part of the “Ways And Exercises To Prevent Sports Injuries Like Sprain And Strain” report, the author uncovers tips to prevent most common sports injuries involving ACL tear, shin splints, hamstring strain, groin pull, tennis elbow, ankle sprain and patellofemoral syndrome. Huy Pham from the site Vkool.com says, “'Ways And Exercises To Prevent Sports Injuries Like Sprain And Strain' is a good report that covers a wide range of easy and simple ways to prevent sports injuries.”

If people want to get more detailed information from the “Ways And Exercises To Prevent Sports Injuries Like Sprain And Strain” article, they should visit the website: http://vkool.com/how-to-prevent-sports-injuries/.

About Preeti Verma:

Preeti Verma is an editor of the website Vkool.com. In this website, Preeti Verma provides people with a collection of articles on tips and advice on how to prevent sports injuries.

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Hibbett Sports Reports First Quarter Fiscal 2015 Results

• Comparable Store Sales Increase 4.1%
• EPS Increase 9.0%
• Record 16 New Store Openings in the First Quarter
• New Wholesale and Logistics Facility Fully Operational

May 23, 2014 06:30 AM Eastern Daylight Time

BIRMINGHAM, Ala.--Hibbett Sports, Inc. (NASDAQ/GS: HIBB), a sporting goods retailer, today announced results for the first quarter ended May 3, 2014.
 
First Quarter Results

Net sales increased 9.1% to $261.9 million for the 13-week period ended May 3, 2014, compared with $240.0 million for the 13-week period ended May 4, 2013. Comparable store sales increased 4.1%.

Gross profit was 37.5% of net sales for the 13-week period ended May 3, 2014, compared with 37.9% for the 13-week period ended May 4, 2013.

Store operating, selling and administrative expenses were 18.7% of net sales for the 13-week period ended May 3, 2014, compared with 18.8% of net sales for the 13-week period ended May 4, 2013.
Net income was $28.4 million for the 13-week period ended May 3, 2014, compared with $26.2 million for the 13-week period ended May 4, 2013. Earnings per diluted share were $1.09 for the 13-week period ended May 3, 2014, compared with $1.00 for the 13-week period ended May 4, 2013.

Jeff Rosenthal, President and Chief Executive Officer, stated, “We were pleased with sales during the first quarter, which were driven by strong demand in our core footwear and brand focused apparel businesses. In addition, we opened a record number of new stores and fully converted operations to our new wholesale and logistics facility.

Looking forward, the continued success of new stores and the efficiencies of our new wholesale and logistics facility will be a catalyst for sustained, profitable growth for the company. Our team is focused on the execution of our strategic priorities and delivering sound results for our shareholders. We are confident that we can achieve the financial and operational goals for Fiscal 2015 and beyond.”

For the quarter, we opened 16 new stores, expanded 4 high performing stores and closed 4 underperforming stores, bringing the store base to 939 in 31 states as of May 3, 2014.
 
Liquidity and Stock Repurchases

We ended the first quarter of Fiscal 2015 with $110.3 million of available cash and cash equivalents on the consolidated balance sheet, no bank debt outstanding and full availability under our $80.0 million unsecured credit facilities.

During the first quarter, we repurchased 198,000 shares of common stock for a total expenditure of $10.8 million. Approximately $218.8 million of the Board repurchase authorization remained for future stock repurchases as of May 3, 2014.
 
Fiscal 2015 Outlook
 
Our guidance for Fiscal 2015 includes:

• Earnings per diluted share in the range of $2.78 to $2.98;
• Increase in comparable store sales in the low-to-mid single digit range;
• Approximately 75 to 80 new stores, 10 to 15 expansions and 15 to 20 closures;
• Flat to slightly positive product gross margin rate compared to Fiscal 2014;
• An estimated $0.11 per diluted share impact from additional costs related to the transition to the new wholesale and logistics facility, ongoing operational costs after opening, and increased depreciation; and
• Increase in SG&A expense as a percent of sales due to increased health care costs (estimated $0.02 per diluted share), as well as increases in marketing and IT costs.

Investor Conference Call and Simulcast

Hibbett Sports will conduct a conference call at 10:00 a.m. ET on Friday, May 23, 2014, to discuss first quarter results. The number to call for the live interactive teleconference is (212) 231-2921. A replay of the conference call will be available until May 30, 2014, by dialing (402) 977-9140 and entering the passcode, 21646090.

Hibbett Sports will also provide an online Web simulcast and rebroadcast of its first quarter conference call. The live broadcast of our quarterly conference call will be available online at www.hibbett.com under Investor Relations, or www.streetevents.com, on May 23, 2014, beginning at 10:00 a.m. ET. The online replay will follow shortly after the call and be available for replay for one year.

Hibbett Sports, Inc. operates sporting goods stores in small to mid-sized markets, predominately in the South, Southwest, Mid-Atlantic and Midwest regions of the United States. The company’s primary store format is Hibbett Sports, a 5,000-square-foot store located in strip centers and enclosed malls.
 
A WARNING ABOUT FORWARD LOOKING STATEMENTS: Certain matters discussed in this press release are "forward looking statements" as that term is used in the Private Securities Litigation Reform Act of 1995. Forward looking statements address future events, developments or results and typically use words such as believe, anticipate, expect, intend, plan, forecast, guidance, outlook, or estimate. For example, our forward looking statements include statements regarding store opening, expansion and closing plans, liquidity, sales trends, margin trends, the effects of the transition to the new wholesale and logistics facility, impact of healthcare costs, earnings per diluted share, comparable store sales, and our growth, execution and productivity expectations. Such statements are subject to risks and uncertainties that could cause actual results to differ materially, including economic conditions, industry trends, merchandise trends, vendor relationships, customer demand, and competition. For a discussion of these factors, as well as others which could affect our business, you should carefully review our Annual Report and other reports filed from time to time with the Securities and Exchange Commission, including the "Risk Factors," "Business" and "MD&A" sections in our Annual Report on Form 10-K filed on March 31, 2014. In light of these risks and uncertainties, the future events, developments or results described by our forward looking statements in this document could turn out to be materially and adversely different from those we discuss or imply. We are not obligated to release publicly any revisions to any forward looking statements contained in this press release to reflect events or circumstances occurring after the date of this report and you should not expect us to do so.

HIBBETT SPORTS, INC. AND SUBSIDIARIES
Unaudited Condensed Consolidated Statements of Operations
(Dollars in thousands, except per share amounts)
				Thirteen Weeks Ended
				May 3, 2014				May 4, 2013
Net sales				$	261,909			$	239,993
Cost of goods sold, including wholesale, logistics and store occupancy costs					163,713				149,116
Gross profit					98,196				90,877
Store operating, selling and administrative expenses					48,952				45,113
Depreciation and amortization					3,580				3,325
Operating income					45,664				42,439
Interest expense, net					73				45
Income before provision for income taxes					45,591				42,394
Provision for income taxes					17,203				16,180
Net income				$	28,388			$	26,214
Net income per common share:
Basic earnings per share				$	1.10			$	1.01
Diluted earnings per share				$	1.09			$	1.00
Weighted average shares outstanding:
Basic					25,846				25,906
Diluted					26,131				26,328

HIBBETT SPORTS, INC. AND SUBSIDIARIES
Unaudited Condensed Consolidated Balance Sheets
(In thousands)
				May 3, 2014				February 1, 2014
Assets
Cash and cash equivalents				$	110,275			$	66,227
Inventories, net					206,338				226,545
Other current assets					22,969				30,877
Total current assets					339,582				323,649
Property and equipment, net					91,316				86,014
Other assets					6,195				6,682
Total assets				$	437,093			$	416,345
Liabilities and Stockholders' Investment
Accounts payable				$	68,970			$	74,532
Short-term capital leases					391				322
Accrued expenses					23,852				16,560
Total current liabilities					93,213				91,414
Non-current liabilities					21,455				20,908
Stockholders' investment					322,425				304,023
Total liabilities and stockholders' investment				$	437,093			$	416,345

HIBBETT SPORTS, INC. AND SUBSIDIARIES
Supplemental Information
(Unaudited)
				Thirteen Weeks Ended
				May 3, 2014					May 4, 2013
Sales Information
Net sales increase					9.1	%				3.0	%
Comparable store sales increase					4.1	%				0.8	%
Store Count Information
Beginning of period					927					873
New stores opened					16					9
Stores closed					(4	)				(3	)
End of period					939					879
Stores expanded					4					5
Estimated square footage at end of period (in thousands)					5,408					5,054
Balance Sheet Information
Average inventory per store				$	219,742				$	233,782
Share Repurchase Activity
Shares					277,443					99,430
Cost (in thousands)				$	15,317				$	5,440

Contacts
Hibbett Sports, Inc. / Scott J. Bowman, 205-942-4292 / Senior Vice President & Chief Financial Officer


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adidas Unveils Brazuca Final Rio: The Official Match Ball for the Final of the 2014 Fifa World Cup Brazil™

30 May 2014- adidas today unveiled the brazuca Final Rio Official Match Ball, the official match ball for the Final of the 2014 FIFA World Cup Brazil™. The ball will be an integral part of the Final on 13th July when the top two federations battle it out for a place in history. The design of brazuca Final Rio has been inspired by the green and gold on the FIFA World Cup™ trophy and is a variation of the previously released adidas brazuca Official Match Ball which was launched back in December last year.

In the build-up to the FIFA World Cup™, adidas has used brazuca as part of its "all in or nothing" FIFA World Cup™ campaign and launched @brazuca on Twitter. After the launch in December 2013, @brazuca already has over 131,000 followers and has introduced fans to some of the world's greatest footballers and celebrities including Zinedine Zidane, Cafu, Samuel L Jackson and Hugh Jackman. It has even travelled to the Vatican City to meet Pope Francis. Fans on twitter have also been able to track the build-up to the FIFA World Cup™ in Brazil through the eyes of the ball as it travels the world and offers an alternative take on the game.

Back in December 2013, adidas delivered brazucas to all federations competing in the 2014 FIFA World Cup Brazil™ in order for all teams to have sufficient time to train with the new balls both in training and competitive matches. Since then, the ball has also played a starring role in competitions such as the FIFA Club World Cup, Copa del Rey, MLS, DFB Pokal as well as numerous international friendlies.

Prior to the official launch, brazuca and brazuca Final Rio went through a thorough testing process over a two-and-a-half-year period involving more than 600 of the world's top players and 30 teams in 10 countries across three continents, making it the most tested ball ever by adidas and ensuring that it is suited to all conditions. Clubs involved in testing included AC Milan, Bayern Munich, Palmeiras and Fluminense. Players involved in the process included global football stars Leo Messi, Iker Casillas, Bastian Schweinsteiger and Zinedine Zidane.

The technology incorporated into the bladder and carcass of brazuca and brazuca Final Rio is identical to the Tango 12 (UEFA EURO 2012™), Cafusa (FIFA Confederations Cup 2013) and the ever-popular UEFA Champions League™ Official Match Ball. However, a new structural innovation with a unique symmetry of six identical panels alongside a different surface structure will provide improved grip, touch, stability and aerodynamics on the pitch. brazuca has been thoroughly tested to meet and exceed all FIFA metrics for an official match ball, ensuring top performance for every condition.

The FIFA World Cup™ is the world's largest football event and the ultimate platform for the adidas state-of-the-art apparel, hardware and footwear. adidas has made every FIFA World Cup™ ball since 1970, and recently extended the partnership with FIFA until 2030, including the supply of the official match ball.



Brazuca Final Rio is available to purchase globally from Sunday 1st June in selected adidas retail outlets, associated stockists and via www.adidas.com/worldcup. Join the adidas football conversation at www.facebook.com/adidasfootball or on Twitter: @adidasfootball #allin or nothing.

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Redington Partners with GoPro Mountain Games

May 22, 2014 (Bainbridge Island, Wash.) – Redington, maker of performance fly rods, reels, waders, apparel, and accessories, is excited to announce its partnership with the 2014 GoPro Mountain Games as the official fly fishing sponsor of the event.

Held annually in Vail, Colorado, the GoPro Mountain Games is the country’s premier celebration of mountain sports, lifestyle, and music, and includes everything from kayaking to mountain biking, mud runs, canine events, climbing and of course, fly fishing. This year’s Games run June 5-8 with the 2 Fly X-Stream casting competition taking place on Saturday with the finals happening on a local river Sunday morning.

Redington is committed to furthering the sport of fly fishing and by partnering with the GoPro Games, which combines outdoor enthusiasts with a wide variety of sports, the platform is a perfect fit for the brand. Attendees will find Redington in River Town, offering casting clinics, and will provide the grand prizes to the top three athletes of the 2 FlyX-Stream competition.

“Positioned with class V kayaking, freestyle biking, and rock climbing, fly fishing may seem like an odd addition to the Mountain Games, but we’ve seen how popular it is at the festival and wanted to be involved,” says Redington marketing manager Kirsten Ashmore. “The Mountain Games hits our target consumer perfectly—people who consider fly fishing as part of their outdoor adventures.”

About Redington:

Committed to furthering the sport of fly fishing, Redington focuses on making quality performance gear that excites its customers and advances the sport.

Founded in 1992, Redington brings innovative and quality performance products to the market. Our products are inspired by our consumer’s needs, influences, and adventures. Whether experienced or a beginner fly fisher, we offer the products you need to excel on the water. Connect with us at www.redington.com/, on Facebook, Twitter, or Instagram.

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Glenn Bennett and Robin Stalker to remain Executive Board members of adidas AG until 2018

Herzogenaurach, 28 May 2014 – At its meeting , the adidas AG Supervisory Board extended the mandates of Executive Board members Glenn Bennett, responsible for Global Operations, and Robin Stalker, Chief Financial Officer, by another three years beyond 2015 until March 2018.

Glenn Bennett, a US-citizen, has been a member of adidas AG’s Executive Board since 1997. Robin Stalker, a New Zealander, was appointed to the company’s Executive Board in 2001.

"I am very pleased that both Glenn Bennett and Robin Stalker have extended their contracts as Executive Board members of the adidas Group. Since their appointments to our Board more than a decade ago, the adidas Group has seen an exceptional development, with its value increasing more than fivefold. We are convinced that Glenn Bennett and Robin Stalker, together with CEO Herbert Hainer and our recently appointed Board members Roland Auschel and Eric Liedtke, will continue to drive the company’s success on its growth path. "

Igor Landau, Chairman of the Supervisory Board of adidas AG.

About the adidas Group

The adidas Group is a global leader in the sporting goods industry, offering a broad portfolio of footwear, apparel and hardware for sport and lifestyle around the core brands adidas, Reebok, TaylorMade, Rockport and Reebok-CCM Hockey. Headquartered in Herzogenaurach/Germany, the Group employs more than 50,000 people across the globe and generated sales of € 14.5 billion in 2013.

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Call for Leadership Award Nominations Outdoor Industries Women’s Coalition to Honor Outstanding Women in Bike Industry

BOULDER, COLO – The Outdoor Industries Women’s Coalition (OIWC) is pleased to announce the annual call for nominations for its Pioneering Women Award and First Ascent Award in the bike industry. These prestigious awards were established by OIWC in 2006 to recognize the remarkable impact women have had in the bike industry, their local communities and on their colleagues.

The Pioneering Woman Award honors an industry leader who has proven leadership skills and has paved the way for other women and the First Ascent Award honors an up-and-coming leader who shows strong potential for being an industry influencer.

 Past winners include Jenn Dice, People for Bikes; Georgena Terry, Terry Precision Cycling, Penia Bush, Shimano American Corporation; and Ellen Johnson, Advanced Sports International.

OIWC recognizes that women leaders and a diversified workforce are good for business. OIWC’s Pioneering Women and First Ascent Awards celebrate the visible impact of the advancement of women both inside and outside the companies where they work.

“There are many amazing women blazing new trails in the bike industry and the OIWC Leadership Awards are an excellent opportunity to highlight their efforts,” says Amy Luther, OIWC Program Director. “I encourage all in the industry to take a moment to honor a woman who has contributed to the growth and expansion of a cycling company, as well as had a positive impact on the lives of those around them.”

Criteria for nominations include:

•The Pioneering Woman Award honors women in the bike industry who has been influential in paving the way for other women. The recipient serves as an example of mentoring and is a recognized leader. She helps others be successful through role modeling, encouragement and inclusivity. This individual has been able to positively impact, engage and support the industry in which they are employed.

•The First Ascent Award recognizes a woman in the industry who demonstrates strong potential for leadership and career advancement. This individual has a desire to lead and a proven track record for success in her current role.

Nominations must be completed and submitted on our website, oiwc.org, by June 30, 2014.

By press release