Heelys Explores Strategic Alternatives After Tough Q3
Heelys Inc. has retained Houlihan Lokey as financial advisor to evaluate possible strategic alternatives to increase shareholder value. It also reported a sharp Q3 earnings decline on a 52.3% revenue freefall…
Skins Appoints Global Brand Director
Skins has appointed Stefan Vollbach, most recently international director of marketing and sales at multinational sports company HEAD, to the newly created role of global brand director. The German native has been a retail seller and buyer, a department m
Nautilus Sees Direct, Commercial Sales Hurt Q3
Sales continued to fall steeply at Nautilus, Inc. in the third quarter ended Sept. 30 due to weakness in both the direct and commercial businesses, where sales dropped 34% and 4.5%, respectively…
nuun Tabs McGee as VP of Sales and Marketing
Nuun and Company, Inc. – makers of nuun and ‘U’ hydration products and beverage tablets – has appointed Tim McGee to the newly formed position of vice president of sales and marketing. McGee comes to nuun with more than twenty years of beverage sales and
Dorel’s Pacific Cycle Unit Thrives in Q3
Dorel Industries reported sales of its Pacific Cycle division to mass merchants were stronger than expected in the third quarter, but said it had to delay orders for new Cannondale models due to supply constraints. Q3 orders for Cannondale’s 2008 models w
Fire that Destroyed Indiana Store Ruled Accidental
A Nov. 3 fire that caused more than $1 million in damage to a sporting goods store in Indiana has been ruled accidental by state police fire marshal Tim Frew. The fire destroyed Bowman's Sporting Goods on McGee Avenue in Patton, IN…
OIA Weighs Pros and Cons of Democratic Victory
After its first election, the Outdoor Industry Association’s Political Action Committee is batting 811. Nine of 11 incumbent Congressional candidates it backed in last week’s election were re-elected. The PAC has raised roughly $25,000 so far this year fr
Confluence Parent Cuts Dividend To Preserve Cash
The publically traded private equity fund that owns Confluence Watersports has cut its dividend, eliminated its stock buy-back program and will implement further costs cutting in a move to preserve cash.American Capital, Ltd. said it is taking the moves b
West Marine Q3 Revenues Drop
West Marine had a difficult third quarter as sales declines through all three of its channels of distribution led to an overall net sales decline of 4.3%. Overall net sales totaled $180.3 million for the third quarter. Net income for the quarter dropped 4
Confluence Parent Cuts Dividend To Preserve Cash
The majority owner of Confluence Watersports has cut its dividend, will retain 2008 and future long-term capital gains, eliminate its stock buy-back program and implement further cost cutting in a bid to preserve cash. American Capital, Ltd. said it is ta
adidas Group Still Struggles with Reebok Business
adidas Group continued to struggle with its ailing Reebok business in the third quarter as the company continues to clear out entry price-point product from its inventories. That process is expected to be largely completed during the fourth quarter, which
Sport Supply Group Reports Record Fiscal First Quarter Sales
Sport Supply Group, Inc. reported record sales of $73.6 million and diluted EPS of 35 cents for its first quarter ended Sept. 30 despite an increasingly troubled economy. Net sales grew 4.6% from $70.4 million to $73.6 million, while net income grew 23.6
With Demand Dropping off Steeply, K-Swiss Warns of Fourth Quarter Loss…
With weakening backlogs and at-once orders, K-Swiss Inc. warned that fourth quarter results would show a loss ranging from 10 cents to 35 cents a share. Revenues are expected to range from $45 million to $60 million. That estimate compares with Q4 2007 ea
Dorel’s Pacific Cycle Unit Thrives in Q3 As Cannondale Misses 2009 Shipments
Dorel Industries Inc. reported sales of its Pacific Cycle division to mass merchants were stronger than expected in the third quarter, but said it had to delay orders for new Cannondale models due to supply constraints. Q3 orders for Cannondale’s 2008 mod
Big 5 Third Quarter Comps Decline, Cautiously Prepares for ’09
For the fiscal 2008 third quarter ended Sept. 28, net sales for Big 5 Sporting Goods Corporation declined 3.5% to $223.2 million while comps declined 6.6%, primarily due to a decrease in customer traffic. The declining results and tighter credit markets c
