What's UP Public Relations and SOAR Communications have partnered to share assets and abilities to best serve new clients, including the new accounts of Scandinavian apparel-maker Bergans of Norway and startup premium sport trailer manufacturer Road
Month: February 2012
Sports, Inc. Adds Five New Dealers
Sports, Inc. Athletics Division announced the addition of five new dealers to its membership. T&T Sporting Goods (Columbia, SC), Cascade Athletic Supply (Medford, OR), and Matty’s Sports (Miami, FL) became official members in January, while Locker
Former Reebok VP to Launch Fashion Brand Supremebeing in US
The Peloton Group, the new brand marketing company founded by Richard Prenderville, has become the exclusive US distributor of fashion brand supremebeing…
Billabong Considers TPG’s Revised Takeover Bid
Billabong said Monday it will consider a revised Aus$765.3 million (U.S. $825.3 mm) takeover offer from U.S. private-equity firm TPG Capital. TPG made an offer of the same value early last week, but that proposal precluded asset sales. The initial offer w
K-Swiss’ Outlook Disappoints
While posting a steeper loss in its fourth quarter, K-Swiss Inc. indicated that slowing backlog orders would cause its revenues to decline in the current year…
Advocates Say New Government Report Shows Endangered Programs May Be Reducing Cycling Fatalities
As bicycle advocates closed ranks in Washington D.C. last week to prevent Congress from gutting federal funding for pedestrian and bike trails, an obscure federal report emerged indicating those programs may have helped reduce cycling fatalities in 2009.
MandA Fees Hurt Derby Cycle Earnings in Fourth Quarter
Derby Cycle AG said preliminary figures indicate its sales increased 6.6 percent in the quarter ended Dec. 31 2011, but that costs incurred fighting off an unsolicited offer hurt profits…
Black Diamond Stock Offering Could Provide up to $23 Million for Acquisitions
Shares of Black Diamond Inc. closed Friday up nearly 5 percent on more than 2.5 times average trading volume after it offered 7.75 million shares of stock for sale. After using $25 million in proceeds to pay down a line of credit, the company could use pr
Latin America Fuels Double-Digit Q4 Growth for Puma
Puma reported earnings more than doubled in the fourth quarter as currency-neutral sales grew 15.8 percent. For the full year, Puma, controlled by French luxury goods group PPR, accomplished its goal of reaching €3 billion ($3.96 bn) in revenues. Ea
Skechers’ Toning Hangover Continues
Skechers USA, Inc. reported fourth-quarter sales slumped 37.7 percent to $283.2 million. While the decline reflected difficult comparisons against a record fourth quarter 2010 that included higher priced toning footwear, it also reflected lower-than-expec
Warm Weather No Problem for VF Corp.
VF Corp. reported profits for the fourth quarter on an adjusted basis jumped 34 percent, benefiting from the acquisition of Timberland Co. as well more than 20 percent growth for The North Face and Vans brands…
Golfsmith Promotes Sue Gove to President
Golfsmith International Holdings, Inc. announced that Sue E. Gove has been appointed president of the company, in addition to maintaining her role as chief operating officer and chief financial officer…
Billabong Profits Tumble in First Half
Billabong International Ltd. reported earnings slid 71.8 percent in its fiscal half ended Dec. 31 to Australian $16.1 million (U.S.$16.4 mm) from $Aus57.2 million a year earlier. Excluding an after-tax impact of an impairment charge expense of Aus$15.0 mi
MEC Hires Direct Marketing Manager
Mountain Equipment Co-op (MEC) hired Allison Brownlie as its new direct marketing manager. Brownlie joins MEC from MBNA Canada, where she led the card services provider’s direct marketing and customer acquisition strategies…
Billabong Sells Minority Stake in Nixon, Spurs Takeover Offer
Billabong has sold a 48.5 percent share of its Nixon brand to the private equity firm Trilantic Capital Partners, will close up to 150, or 20 percent, of its stores and slash its dividend in a bid to strengthen its capital structure. The Australian compan
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