Billabong Raises Guidance Due to Falling Aussie Dollar
Billabong International upgraded its guidance due to the benefits of a falling Australian dollar. At the company's annual general meeting in Australia, Billabong CEO Derek O'Neill said that Billabong now was forecasting earnings per share growth
SCARPA Centralizes U.S. Headquarters
SCARPA North America plans to unify its offices, warehouse, shipping/receiving facilities and warranty/repair division in a new headquarters located in Boulder, CO. The new facility will be up and running by the first of the year. Currently, SCARPA North
Under Armour Reports 28.1% Q3 Profit Gain; Slightly Lowers FY08 Outlook
Under Armour Inc. posted healthy third quarter profits on strong sales gains, but it slightly lowered its full-year outlook due to the economic environment. In the third quarter, net revenues increased 24.1% to $231.9 million from $186.9 million a year ag
City Sports Relocates HQ to Boston
City Sports moved its corporate headquarters from Wilmington, MA, to Boston's North End. The new City Sports office is located at 77 North Washington Street. The company's distribution center will remain in Wilmington. It also announced plans to
Coleman Puts Product Management and Marketing Under New Exec
The Coleman Company Inc. has realigned its product management and marketing under a consumer marketing executive from outside the outdoor industry. The company said it hired Jeff Willard, formerly of Lexmark and Helen of Troy, to the newly created positio
Cybex Gets Boost from Strength Equipment
Cybex International, Inc.’s top-line growth in the third quarter was helped by high single-digit growth in the cardio end of the business, but double-digit growth in strength equipment pushed overall sales higher for the period…
SGMA: Treadmills Remain #1 Fitness Machine
In 2007, 50.1 million Americans used a treadmill, enough to retain the top spot among fitness machines, according to SGMA's new fitness study, Tracking the Fitness Movement. That marked a slight decline from the 52.2 million treadmill participants
GSI Sells More, but Doubles Loss
Despite anemic September sales and the bankruptcy of a top 10 client, GSI Commerce, Inc. reported that net revenues increased 36.1% to $186.8 million for third quarter from $137.3 million in Q3 last year. Much of the revenue gain came from an 84% increase
Adrenalina Makes Bid for Pacific Sunwear in Bid to Rapidly Expand Concept
Adrenalina last Monday made an unsolicited offer to acquire much-larger rival Pacific Sunwear of California for about $295 million. But PacSun's board on Tuesday rejected the offer as “not in the best interests of the company's shareholders.”…
Acushnet Sees Third Quarter Hampered by Softening U.S. Sales
Despite promising returns from growing international markets, Fortune Brands’ Acushnet Golf continued to see sales slide for the third fiscal quarter ended Sept 30. Net sales fell 3.4% to $307.9 million from $318.6 million in the year ago period…
JJB Sports Raises Working Capital
JJB Sports, the second-largest U.K. sporting-goods retailer, raised £3.4 million ($5.9 million) by selling a 5% stake in the company to Sports Direct International. Proceeds from the sale of 11.9 million new shares will be used “for general working capit
Paddlesports Groups Get Closer to Merger
The board for the Trade Association of Paddlesports is set to meet early this week to review how a merger with the Paddlesports Industry Association would affect the surviving organization’s finances. If the TAPS board decides to move ahead with the merge
Value City Files for Chapter 11 Bankruptcy Protection
Value City Department Stores filed for Chapter 11 bankruptcy protection and plans to close its remaining 66 stores as it faces declining sales and an “increasingly competitive” environment for discount retailing. DSW Inc. is the largest unsecured creditor
Brunswick Names New VP of Corporate and Investor Relations
Brunswick Corporation has named Bruce J. Byots as vice president of corporate and investor relations. Byots will report to Peter B. Hamilton, SVP and CFO…
Brunswick Names New VP of Corporate and Investor Relations
Brunswick Corporation has named Bruce J. Byots as vice president of corporate and investor relations. Byots will report to Peter B. Hamilton, SVP and CFO…
