Brunswick Takes Up to $135M Accounting Charge
Brunswick Corp. said an accounting error will result a charge against earnings of up to $135 million this year. The Lake Forest, IL-based company said that financial filings for the first nine months of 2008 should “no longer be relied on” because the com
Nautilus to Expand Facilities in Virginia
Nautilus, Inc. plans to invest $1.7 million to expand in Grayson County in Virginia. The move expands its manufacturing operation to add a cardio exercise equipment line, and will create 60 jobs, according to a statement from the office of governor of Vir
Lifetime Acquires Jumping Jack Trailers
Lifetime Products, Inc. has acquired the assets of Jumping Jack Trailers, Inc., adding Tent/Trailer to Lifetime's own lineup of consumer products. All products previously produced by Jumping Jack will now be manufactured at Lifetime's 2.6 millio
ARP to Take Sales Inside in Reorganization
American Recreation Products will replace dozens of outside reps with an in-house sales force in 30 days in a bid to cut costs and reach earnings targets of Sun Capital Securities Group LLC. The move is part of a broader reorganization of the company that
Nat’l Wild Turkey Federation Revamps Communication Team
National Wild Turkey Federation CEO George Thornton announced Thursday that the Federation's communications team would be headed by two director positions…
TaylorMade Cuts 170 jobs After Ashworth Acquisition
TaylorMade-Adidas Golf is cutting 170 jobs, or about 12% of its local work force, as it integrates its new Ashworth acquisition. TaylorMade acquired Ashworth Inc., also based Carlsbad, CA, for $73 million on Nov. 21. According to the North County Times in
Q2 Net Income Plummets for Smith and Wesson
Smith & Wesson Holding Corporation reported a net loss for the second fiscal quarter of $76.2 million, or $1.62 per fully diluted share, compared with net income of $2.9 million, or 7 cents per fully diluted share, for the comparable quarter last year…
Sher-Wood Hockey Wins Approval to Acquire TPS Sports
Sher-Wood Hockey Inc. said it has received court approval and completed the purchase of the business assets of TPS Sports Group, a manufacturer and distributor of hockey sticks and protective equipment…
Batters Up USA Sees Participation More Than Double in 2008
Batters Up USA, formerly Play Ball USA, will host its annual membership meeting and board meeting in conjunction with the annual American Baseball Coaches Association convention Friday, Jan. 2, 2009 beginning at 9 a.m. PST at the San Diego Marriott and Ma
Adrenalina Criticizes PacSun’s Rejection of Bid
Adrenalina issued yet another statement regarding the failure of Pacific Sunwear of California Inc. to explore merger discussions. The neophyte action sports retailer also said it is now a shareholder of PacSun and “intends to significantly increase its p
Forzani’s Q3 Net Income Tumbles 33%
Forzani Group Ltd's third quarter profit fell 33% to C$8.4 million ($6.77 million), or C28 cents a share, in the three months ended Nov. 2, from C$12.6 million ($10 million), or C36 cents a share, for the same time last year. Revenue rose 8.8% to C$3
Peter Mangione to Step Down as President of FDRA
The Footwear Distributors and Retailers of America (FDRA) announced that Peter Mangione will be stepping down as president of the association. According to a statement, Mangione, president of the organization since 1981, will assist the organization in re
A4 Opens Two Regional Warehouses for Jan. 2009
A4, working in a joint venture with Frazier Sports, will start shipping orders in January 2009 from its two new regional warehouses in Waco, TX and Atlanta, GA…
PIA Names Canoe Kentucky Founder as CEO
Canoe Kentucky founder and co-owner Ed Councill has been named as CEO of the Paddlesports Industry Association (PIA) — a trade group representing canoe, kayak and raft manufacturers, retailers, outfitters and instructor programs across the US. Councill r
Schutt Responds to Patent Infringement Allegations
"One has to question why an Illinois corporation, residing in California, and reconditioning in Mexico, would file a patent lawsuit in Madison, Wisconsin," says Robert Erb, President and CEO of Schutt Sports, Inc., in response to a patent infrin
