Accell Group Sales and Earnings Climb in 2006
The Accell Group reported that 2007 fiscal year sales increased 17% to €431.7 million ($559.9 mm). Organic growth for the full year came in at 9%. The acquisitions of Seattle Bike Supply and Webena Sport, added 7% to the top line. Earnings per share on th
Nike Plots New Distribution Center in Memphis
Nike, Inc. reached an agreement to acquire a 125-acre land parcel in Memphis, TN, known locally as Northridge, where it plans to build a new 1 million square foot footwear distribution center. The land purchase agreement was signed March 1, 2007, by Nike
Interbike Sponsors National Bicycle Summit
Interbike will be one of the sponsors of the seventh annual National Bicycle Summit to be held in Washington D.C. March 14-16, 2007. More than 300 bicycling industry executives, advocates and educators will meet at the Ronald Reagan International Trade Ce
Reebok Celebrates 25th Anniversary of Freestyle Collection
To commemorate its 25th anniversary, Reebok kicked off “Freestyle Forever,” an exclusive event to launch the new Freestyle collection. Reebok said the original Reebok Freestyle was one of the first athletic shoes created especially for women and made up m
Globe Sees Sharp EBITDA Gain on Flat Revenues
Globe International saw effectively flat revenues of A$97.8 million ($73.7 mm) for the first half of fiscal 2007, but manged to double EBITDA to A$2.5 million ($1.9 mm), up from A$1.2 million ($0.9 mm) during last year's half. These results include t
Wulff Departs CEO Role at ASG
American Sporting Goods Corporation's CEO and president, Kevin Wulff, has submitted his resignation from the company. Due to this most recent development, Jerry Turner, Chairman of the Board, will serve dual roles as Chairman and CEO…
OSI Extends Ref Supplier Deal with U.S. Soccer
Continuing in a role they have served since 1998, Official Sports International has re-signed with U.S. Soccer as the exclusive supplier of USSF Referee apparel and accessories through the end of 2010…
U.K.’s Sports Direct Raises $1.82B in IPO
Sports Direct International PLC, the United Kingdom’s largest sporting-goods retailer, on Tuesday raised US$1.82 billion (929 million pounds; euro1.4 billion) in an initial public offering after owner Mike Ashley sold a 43 percent stake in the business. A
Marmot Promotes Three
Marmot Mountain L.L.C. made three internal promotions within the company. Laura Miera has been appointed to Vice President of Global Production; Beng Hook is the new Manager of Technical Design; and Jamie Ruderman has been appointed to Creative Director..
Warm Winter Causes Bob’s Stores to Miss Q4 Targets…
The TJX Cos. Inc. saw its Bob’s Stores division just miss its target of halving the operating loss as forecast at the start of the year. On a conference call with analysts, newly anointed CEO Carol Meyrowitz attributed the near miss to the “unusually wa
Pacific Sunwear Breaks Down Business at Roth OC Conference…
At the Roth OC Conference, Pacific Sunwear gave a little more insight into their business than they typically have in the past. The company said that at PacSun, the business splits 57/43 between guys and girls, but that they hope to get the girls side up
SOS Expands Media Team…
The SportsOneSource Group has expanded its Media Services Group team, adding one additional full-time editor and a west coast ad sales manager. Tom Ryan, who had been an editor with SGB and ran the Outdoor Business online venture for VNU, has joined the c
Pacific Brands’ Slow Outdoor Sales Offset H1 Footwear Gains…
Thanks to strong gains in its Homegoods and Footwear groups, Pacific Brands Limited was able to post increases on both the top and bottom line for the first half of fiscal 2007. However, decreases in both sales and EBIT in the Outerwear & Sport division o
Telemark Companies Choose Sides
Garmont is seeing their business diversify this year, as more specialty ski shops take on telemark and alpine touring brands. As a result, the SIA show cycle is getting more important to the company. Also because of this, they are beginning to see more in
American Skiing Co. to Focus on Utah and Maine Resorts…
American Skiing Company has been selling off several of its resort holdings over the past three months. Just last week, the resort holding company announced plans to sell Mount Snow and Attitash resorts for $73.5 million, and in December announced a deal
