Outdoor Channel’s Losses Narrow on Lower Revenue
Outdoor Channel Holdings, Inc. said it narrowed its operating losses on less revenue in the fourth quarter as its ad sales rose while subscription fees declined. The company said advertising revenue rose 12.3 percent to $8.2 million for the fourth quarter
Famous Footwear Fourth Quarter Profits Fall…
Hurt by lower sales and a highly promotional climate, Famous Footwear's fourth quarter operating earnings fell 40% to $13.4 million from $22.5 million a year ago. On a conference call with analysts, Joe Wood, president, Brown Shoe Retail, noted that
Jarden Sees Savings at K2…
Jarden Corp. is on track to cut $29 million in costs in 2008 thanks largely to cost savings it has identified at K2. That cost cutting, moreover, may even bring assembly or manufacturing jobs back to Mexico or the United States. The company cut $12 millio
Heelys Posts Q4 Loss, Sales Tumble 86%…
Heelys Inc. swung to a fourth quarter loss on higher returns and markdowns, while sales tumbled 86% to $9.8 million from $71.1 million. The $5.5 million loss, or 20 cents a share, included $3 million to increase its reserve for marketing discretionary fun
Iceland’s First Billionaire Sets Sights on Amer Sports…
Helsinki-based Amer Sports is investigating restructuring its board after a London-based investment bank that acquired 20% of the company in late January began pushing for representation on the board. Novator Finland Oy notified Amer Sports March 3 that i
Golfsmith Cuts Expansion Plans on Tough 2007…
Golfsmith saw “weakness across the board in December” lead to widened net losses for both the fourth quarter and full fiscal year as the golf retailer continues to do battle with increased competition, mainly in the form of the PGA Tour Superstores…
Aldila Sees Flat Q4 Sales…
Aldila, Inc. reported that 2007 fourth quarter sales were essentially flat at $17.7 million versus $17.9 million in Q4 2006. Sales of golf shafts were relatively flat and sales of composite materials were 13% higher. There were no sales of hockey products
OGIO Files Suit Against Callaway for Patent Infringement…
OGIO is taking Callaway to task over alleged patent infringement regarding its Woode Club Management system, which was issued patent number 6,877,694 B2 in April 2005. The company filed papers with the State of Utah's Federal District Court on Februa
Gildan’s Activewear Gets Boost from Prewett Deal to Bolster Fiscal Q1 Revenues…
Gildan Activewear Inc. reported sales in its first quarter climbed 34.8% to $250.5 million from $185.8 million a year ago. The gain was due to an increase of 92.7%, or US$39.4 million, in sock sales due to the acquisition of V. I. Prewett & Son and new re
Life is good Selects CenterStone for B2B Solution
Life is good has selected CenterStone Technologies, Inc.'s iVendix software to provide a business-to-business (B2B) on-line ordering solution for their retail dealers and sales reps…
Escalade Increases Dividend
Escalade, Inc. increased its quarterly dividend by 14%. Its board authorized the payment of a 25 cents per share dividend payable March 21, to all shareholders of record on March 14…
Loop’d Network Launches Site for Skiers
Loop’d Network, a San Diego start-up that is creating a social networking site for action sports brands, has launched a community for skiers. The new site offers skiers the ability to seek sponsorship, enter contests sponsored by brands such as Oakley and
Fox Racing Shox Hires Patent Attorney
Fox Factory, Inc. has hired a high-powered patent attorney, inventor and former mountain biking and motocross enthusiast as its general counsel. David Haugen, who will also carry the title “chief patent attorney,” will focus on ensuring that Fox's i
Pyranha Now Sitting on Top with Kayak Acquisition…
Two months after closing a deal to distribute a line of sit-on-top kayaks from Thailand, Pyranha USA has lined up 20 dealers. The company expects the addition of Feel Free recreational kayaks to double its unit sales in 2008 and to triple dollar sales wit
Puma AG Sees Growth Slow Again, But U.S. Slow Down Helps Margins…
After years of double-digit growth, Puma AG came back down to earth in 2007, posting weaker growth for the year despite the continued consolidation of former distributors and a growing owned-retail business, thanks in large part to a decline in the U.S. a
