Cervélo Cycles announced that their slander action
initiated against Guru has been settled. As part of the settlement Guru’s president Tony Giannascoli has offered a written apology in which he apologizes for “untrue statements” made by his sales staff. H
Month: April 2004
SIA Wins Two SNAP Awards
The SIA was recently awarded two bronze awards from the Society of National Association of Publications (SNAP) for collateral pieces promoting the 2004 SIA SnowSports Show. SIA received these accolades in the multi-piece campaign and single piece categori
Reebok Completes Offering
Reebok International has completed its offering of $350 million of 2.0% Convertible Debentures due 2024, which includes the exercise by the initial purchasers of their option to purchase an additional $50 million aggregate original principal amount of deb
Collegiate Pacific Revises Q3 Guidance
Collegiate Pacific stated that operating income for the Quarter ending March 31, 2004 is expected to “Materially exceed” previous estimates of $1 million. The company said it is seeing signs of strong operating leverage as it moves into the second half of
Ritchey Hires New Retail Sales Manager
Ritchey has hired Pat Smith as Retail Sales Manager to manage its independent sales force that serves direct sales to retailers. Ritchey sales have increased at a rapid rate, chiefly due to Break-Away Bike sales and multiple product releases in the past 7
Indigo Expands Sales Force
Indigo Equipment has hired three new sales representatives to cover the Rockies and Midwest territories for the growing Indigo brand, the company announced this week. Steve Srednick and Bobbi Bensman will represent Indigo in the Rockies, and Bill Gange wi
Wanted: New Owner for Yet Another Venerable Sporting Goods Brand
Huffy Corporation has retained Lazard Freres & Co. LLC to advise the company on financing and strategic alternatives, “including the sale of the Company or of product segments within the Company”. With higher than anticipated costs associated with the re
Nautilus Q1 Net Income Shrinks; Lowers Q2 Forecast
The Nautilus Group, Inc. reported that net sales for the first quarter ended March 31, 2004 were $130.9 million compared to $129.4 million for the corresponding period last year. Net income during the period was $6.4 million, or 19 cents per diluted shar
Big 5 Doubles Q1 Net Income on 5.2% Comp Sales Gain
Big 5 Sporting Goods Corporation reported that net sales for the fiscal first quarter ended March 28, 2004 increased 10.0% to $181.0 million from $164.5 million in the first quarter of 2003. Same-store sales increased 5.2%. Net income increased to $6.8
Columbia Income Jumps 34.2% on 22.4% Sales Increase
Columbia Sportswear Company announced record first quarter net sales of $206.7 million for the quarter ended March 31, 2004, an increase of 22.4% over net sales of $168.9 million in 2003. The Company reported record net income for the first quarter of $20
Galyans Opens Denver Area Store
Galyans Trading Company is set to celebrate the grand opening of its 84,000 square foot sports and outdoor adventure store April 30 at Belmar Center, a newly developed lifestyle center six miles west of downtown Denver. The store is the fourth in Colorado
Life Link Adds Bert Hopp to Rep Force
Life-Link Backcountry Travel has appointed Bert Hopp, President of Hopp Outdoors LLC, as the new sales representative for Michigan, Indiana, Ohio and Kentucky.
Bert has extensive experience in Outdoor Industry Sales, as well as Life-Link Bert represents:
Motor and Outdoor Division Boost Sales at Johnson Outdoors
Johnson Outdoors announced increased net sales, operating profits and earnings for their second fiscal quarter ended April 2, 2004. Gains were attributable to continued strong top-line and bottom-line performances by the Motors and Outdoor Equipment Group
Rocky Swings to Q1 Profit on 59% Sales Increase
Rocky Shoes & Boots, Inc. reported net income increased to $0.1 million, or one penny per diluted share, for the first quarter of 2004 compared to a net loss of $623,000, or 14 cents per diluted share, in the prior year period. Net sales increased to a f
Russell Q1 Earnings Fall 85% on Heavy Closeouts, LIFO Impact
Russell Corporation reported fiscal 2004 first quarter net sales of $251.8 million, a 10% increase over the comparable period last year. The Spalding and Bike acquisitions accounted for $22.7 million of the increase. The base Russell business was flat ve
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