Shimano Inc. Reduces Full Year Outlook after Q1 Sales Decline
Shimano, Inc. reported that revenues for the first quarter declined in double-digits, but net income improved thanks to a boost in non-operating income and lower taxes. Net revenues fell 18.9% to ¥45.1 billion ($483 mm) for the period ended March 31, com
Forzani Responds to Dissident Proxy Announcement
The Forzani Group Ltd. is recommending that shareholders oppose plans announced last week by Crescendo Partners, a New York-based hedge fund, to nominate its own slate of directors for election to FGL's board of directors after the firm accumulated o
Nordica USA President Knittle Retires
Nordica USA President Andy Knittle has retired. Knittle has worked for Nordica for 30 years, the last 10 of which were in the leadership position for Nordica in the USA. Willy Booker has been named to the position of General Manager in conjunction with Kn
FIFA/Kappa Licensee Establishes Offices in New York and L.A.
Total Apparel Group, Inc., which was recently selected as the official U.S. Master Distributor of FIFA and FIFA World Cup licensed product, has opened new locations in New York and Los Angeles. In an effort to manage the sales and marketing requirements f
WTU Support of 4-H Shooting Sports Exceeds $100,000
For nearly two decades Whitetails Unlimited has been financially supporting the 4-H Shooting Sports, and this year they are once again providing a donation to support their 2009 National/Regional Instructor Training Workshop. This year's workshop was
Billabong Again Cuts FY09 Estimates on U.S. Weakness
Billabong International Ltd. now expects report full year net profit after tax in the range of A$160 million to A$165 million (U.S. $122.5-123.5mm) for the 12 months ending June 30, down from A$176.4 million (U.S. $135.1mm) a year ago. The surf giant said
Dunham’s Ken Meehan Joins NSGA’s Board
Ken Meehan, executive vice president of Dunham’s Sports, has been elected to a three-year term on the National Sporting Goods Association (NSGA) Board of Directors, filling a vacancy created by the retirement from the Board by Curt Munson, president of Pl
Dick’s SG Renews Champions Tour Event
Dick's Sporting Goods has renewed as title sponsor of the Dick's Sporting Goods Open through 2012 on the Champions Tour. This year's event is scheduled for June 26-28 at En-Joie Golf Course in Endicott, N.Y. The tournament has generated ove
JJB Sports Strengthens Management Team
JJB Sports plc, the UK sporting goods chain, appointed Lawrence Coppock as finance director and Colin Tranter as director of retail and product…
Gildan’s Fiscal Q2 Net Plummets on Lower Sales, Weaker Margins
Gildan Activewear Inc. reported that net earnings for the company’s fiscal second quarter fell more than 83% to $7.1 million, or 6 cents per diluted share, for the period ended April 5, compared with net earnings of $42.1 million, or 35 cents per diluted
GoLite Promotes Team Members, Hires New Sales Agencies
GoLite has promoted three key team members: Andy Burgess, formerly VP of Product, is now SVP of Product, Sales and Marketing, creating a strong cohesive synergy between the different business units. Mark Flanagan, formerly European General Manager, is now
Bushnell to Acquire C’eb’e Eyewear Brand
MidOcean Partners, a middle market private equity firm, and Bushnell Outdoor Products said that Bushnell has acquired the C'eb'e eyewear brand from Marcolin S.p.A., which listed on the Milan Stock Exchange. The terms of the purchase agreement we
Sports Supply Sees Fiscal Q3 Profits Rise Despite Sales Dip
Sport Supply Group, Inc. reported that sales dipped 3.1% to $63.8 million in the third quarter ended March 31 from $65.8 million in the year-ago period. Gross margin contracted a bit to 35.4% of sales, down 120 basis points from the prior year period. Ea
RECALL: Dahon/REI Novara Folding Bicycles
About 11,500 Dahon and REI Novara folding bicycles have been recalled because the hinge on the handlepost can crack, posing a fall hazard. There have been 25 reports of the bicycle's handlepost hinge cracking, including one minor injury involving scr
SGMA: Lacrosse Participation Grows Over 100% Since 2000
According to the Sporting Goods Manufacturers Association’s (SGMA) 2009 Lacrosse Single Sport Report, lacrosse remains one of the 'hottest' sports to play in the U.S. Figures indicate lacrosse has grown by nearly 80,000 participants per year sin
