Amer Sees Winter Sports Weakness Drag Q4, 2007 Results
Amer Sports reported a 14.5% decrease in fourth quarter sales to €497.1 million ($720.0 mm) from €581.6 million ($750.0 mm) for the year-ago period. For the full year, net sales decreased 7.8% to €1.65 billion ($2.26 bn) from €1.79 billion ($2.25 bn) last
Centerstone Software Processed $1.2Bn in Orders in 2007
CenterStone Technology’s e-commerce solutions, Escape and iVendix, processed more than $1.2 billion in wholesale transactions in 2007. The number of companies actively using iVendix grew 53 percent to 9,725 over 2006. iVendix processed 144,002 orders, an
LaCrosse Names Salesmen of the Year
LaCrosse Footwear, Inc. named winners of its three salesmen awards for 2007 at the annual Shooting, Hunting, Outdoor Trade (SHOT Show) in Las Vegas, NV. The salesmen were recognized for increasing sales of the company's Danner and LaCrosse brands.
Sports Direct Partners with China’s ITAT
Sports Direct International PLC, the UK sporting goods conglomerate, announced a strategic relationship with China's ITAT Group to move into the rapidly expanding Chinese retail market before the Beijing Olympics in August. Sports Direct will invest
Mizuno Sees Net Income Drop on Q3 Sales Gain
Mizuno Corp. saw first half net sales increase 9.5% to ¥130.11 billion ($1.15 bn) from ¥118.81 billion ($1.01 bn) in the year-ago half. Gross margins declined 90 basis points to 41.6% of sales from 42.5% last year. Net income dropped 22.0% to ¥2.87 billio
Bakers Footwear Gets Funding
Bakers Footwear Group issued 350,000 shares of common stock and entered into a $7.5 million subordinated secured term loan with Private Equity Management Group (PEMG) and an entity affiliated with PEMG. Bakers received net proceeds of about $6.7 million a
VF Corp. Sees 22% Q4 Growth Fueled by Outdoor Coalition
VF Corporation saw fourth quarter revenues increase 22% to a record $1.96 billion, compared with $1.60 billion in the fourth quarter of 2006. Net income grew 51.4% for the quarter to $164.4 million from $108.6 million in the year-ago quarter. For the full
Sports Chalet Posts Q3 Loss
Sport Chalet, Inc. reported that including a non-cash impairment charge, its net loss for Q3 was $682,000, or 5 cents a share. On January 14, the retailer warned that it would lose between 6 cents to 9 cents a share after a charge of approximately $2.1 m
HBI Sees Champion Sales Up Double-Digits in ‘07…
The Champion brand delivered double-digit sales gains for the third year in a row while sales of Hanes brands were up mid-single-digits…
Cabela’s Cuts Store Plans Amid Retreating Comps…
Cabela’s Inc. said it will slash capital spending by 70% so it can focus on increasing profits at its existing stores after missing its fourth quarter financial targets. The outdoor retailer said it would scale back store openings from eight last year to
Sport Supply Group Returns to Profitability in Fiscal Second Quarter…
Sport Supply Group, the entity formed with the merger of Collegiate Pacific and the former Sport Supply Group, reported last week that fiscal second quarter revenues rose 9.5% to $54 million from $49 million in the prior-year period. The bottom line for
Wolverine World Wide Again Led by Outdoor Group in 2007; Sees Strong 2008…
Wolverine World Wide is celebrating the 125-year birthday for the Wolverine brand this year, but it is the company’s Outdoor Group that is getting all the attention once again as it set the pace for revenue growth for the 2007 fourth quarter and year, wit
Ralph Parks Takes CEO Reins at Heelys…
Heelys, Inc. reported late Friday that its board had accepted the resignation of Michael G. Staffaroni, CEO of Heelys, Inc. since 2001. Ralph Parks, former president and CEO of FootAction USA, will serve as interim CEO. Parks was named to the Heelys boar
SIA: Internet, Snow Push Sales…
A relative abundance of snow pushed snow sports sales up 13% from August to December compared to the same period last year, Snowsports Industries America reported. Close to half of all dollars in reported sales so far this season were spent in December,
Canada’s Dorel buys Cannondale and Sugoi
Canada's Dorel Industries Ltd. said it acquired Cannondale Bicycle Corporation and Sugoi Performance Apparel in an all cash deal valued at $190 million to $200 million. Cannondale and Sugoi are being purchased from an affiliate of Pegasus Capital Adv
