Van Halen alleges Nike’s colorway infringes on his trademarked Frankenstein guitar design and his new footwear.
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Industry members Nike, Aspen, and Clif Bar have joined a growing number of companies petitioning the government to enact a mandatory cap and trade program for green house gas emissions.
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It’s official - Koston’s on Nike SB.
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Nike affiliates Converse and Nike 6.0 join the action sports extravaganza full of world class surfing, skating, bmx, fashion, art, history, and music. Check it out!
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Nike announced it will lay off approximately five percent of its 35,000 global workforce. The cuts are expected to affect approximately 500 people at the company’s Beaverton, Oregon headquarters.
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Twitter users beware from whom you are receiving “tweets;” it could be a squatter or rival instead of the real deal, according to an Australian Business Day article about the social networking tool. More and more brands - including Nike and Billabong - are discovering that their identities have been stolen by fans or rivals that have registered their company’s name on Twitter - a fairly easy task, according to a law firm interviewed for the story:
“Rather than see a replay of the domain names scam of the late 1990s and early 2000s, when opportunists registered prominent brand names as internet domains only to sell them to the trademark-owning companies for huge profits, Freehills is warning its clients to take control. ‘Registering is free. Not registering could cost you in the future,’ a Freehills partner specialising in intellectual property, Frances Drummond, says.
Some companies, such as Billabong, have been quick off the mark, snapping up names. A Billabong spokesman, John Mossop, said: ‘Billabong has a strong online presence and that includes three official Twitter addresses: billabonggirls, BBgirls and billabong1973. It would appear none of the other Billabong addresses [on Twitter] are ours, so we’re making inquiry into their ownership.’
And it seems that the issue may take some time to resolve:
“Nike is another company to have lost its identity; search Twitter for “Nike” and the site returns 175 results, with none clearly the official account of the global sporting brand.
Drummond says that unless an interloper is using the brand name to masquerade as that brand and possibly even sell products that are trading on that name, brand owners are relatively powerless. Unlike domain names, which require registration details, Twitter allows a level of anonymity that could give cover to those who might want to hijack the brand.
‘There’s nothing to stop another company from taking that identity and using it to their advantage,’ Drummond warns.”
To read the article in its entirety, click HERE.
Several leading action sports manufactureres are among the dozens of brands being charged by Tec-Technology Enabled Clothing, Inc. with patent infringement. The complaint against these companies stems from their use of “wire management capabilities for portable electronic devices” in jackets.
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Nike, Inc. released financial statements for the third quarter, ended Feb. 28, posting a 2 percent decline in revenues from last year. Net income for the period was down 46 percent to $243.8 million, or 50 cents per diluted share, compared to $463.8 million or 92 cents per diluted share in the same period last year.
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Nike announced late Tuesday that it may lay off as much as 4% of its world-wide 35,000 member work force, or as many as 1,400 people, as part of a restructuring plan to be released by May.
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According to Brandon J. Ferro, an analyst with KeyBanc Capital Markets part of Cleveland-based KeyCorp, Quiksilver’s bid to rework some of its debt makes it less likely the company will sell some of its brands or even all of the company.
This comes after ZQK stock surged to 2.59 on Monday, January 26 after longtime speculation that it was selling DC to VF Corp reached the investor level, credited in part to an article in WWD.
The OC Business Journal reports: “An analyst on Tuesday threw coldwater on the prospects of Huntington Beach-based Quiksilver Inc. selling part or all of the company as it seeks to restructure its debt in February.”
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