Vendors and Retailers Were Firing on All Cylinders in the Third Quarter…
Early cool weather helped the pace of sales and profit growth during the third quarter for Bicycle, Outdoor, and SnowSports vendors and retailers alike. With rising average selling prices and strong early sell-through delivering double-digit sales growth
K2 and Flow End Binding Dispute…
Flow International and K2 Sports have resolved their binding patent dispute. The center of the conflict revolved around Flow’s hiback bindings that allow a rider to slide a boot into a cloth strap, then flip up the back and carve down the mountain….
Johnson Appointed New Balance Sports Monitors’ Sales Director
Highgear hired Chris Johnson as National Sales Director for the newly developed brand, New Balance Sports Monitors. Johnson comes to Highgear with more than twenty years experience in the Sporting Goods Industry. Prior to joining Highgear he spent five ye
FeelFree Kayak Opens New Bankok Factory
Feelfree Kayak transitioned to a new production facility in Bangkok, Thailand. This multi-storied, state of the art facility houses production Feelfree Kayaks as well as Feelfree Waterproof Gear and Accessories…
Gander Mountain Receives $50 Million of Equity Financing; Names New Chairman
Gander Mountain Company has announced that David C. Pratt, founder of United Industries, has entered into an agreement to purchase 5,701,255 newly issued shares of common stock at a price of $8.77 per share for a total purchase price of $50.0 million. Mr.
Hat World to Acquire Hat Shack in $18 Million Deal
Genesco Inc.'s Hat World subsidiary has entered into an agreement to acquire Hat Shack, Inc. The Marietta, Ga.-based Hat retail chain operates 49 retail headwear stores located in 10 states, primarily in the southeastern United States. The purchase p
On-Line Retailers See ‘Cyber Monday’ Turn into On-line Weekend…
On-line retail sales growth continues to out-pace brick & mortar sales growth across the retail industry. With the holiday selling season ramping up, e-commerce retailers are seeing some fundamental shifts in the buying patterns with “Cyber Monday” stretc
Aspen, prAna, and Vail Honored for Green Power Initiatives
This week, the U.S. Environmental Protection Agency, the U.S. Department of Energy, and the Center for Resource Solutions honored a group of organizations with the annual Green Power Leadership Awards, recognizing leading national green power purchasers a
Reebok Expands Relationship with MLB
Major League Baseball Properties has agreed to name Reebok as an official licensee of MLB apparel for the fan and lifestyle consumer. The multi-year apparel partnership expands Reebok’s current partnership with the League, which, in February 2004, named t
Lotto Steps Up U.S. Presence with Etonic Acquisition…
Lotto Sport Italia last week announced that it had acquired Etonic Worldwide, giving the Italian brand a broader presence in the U.S. Lotto, which has been primarily known as a soccer and tennis brand — outside of a few years in the late 80’s when it sa
The Finish Line Expects Q3 Loss on Comp Declines…
The Finish Line, Inc. reported that total net sales increased 2.7% to $281.5 million for the third fiscal quarter ended November 25 from $274.0 million in the year-ago period, but comp store sales declines across the board at the company’s Finish Line nam
Quiksilver Sets Sights on Mexico with JV…
Quiksilver, Inc. planted a flag in the Mexican market last week as it announced a new joint venture it entered into with PBM International. The JV will focus on marketing, selling, and distributing “Quiksilver” and “Roxy” branded products in Mexico as we
On-Line Holiday Spending Season is Underway…
According to OIA, on-line retail sales growth in the outdoor industry is out-pacing brick & mortar sales growth by more than a two to one margin. With the holiday selling season ramping up, e-commerce outdoor retailers are seeing some fundamental shifts i
Umbro Warns on 2006 Sales…
While Umbro has continued to perform in line with management’s expectations internationally, sales in the U.K. market continue to be heavily promotional and challenging. As a result, the company issued an earnings warning stating that full-year results ar
Garmin to Acquire Dynastream in $36 million Deal…
Garmin is enhancing its position in the fitness and training industry by acquiring one of its key component suppliers, Dynastream for $36 million in cash. The Alberta-based company will continue to operate as a wholly-owned subsidiary of Garmin. Dynastrea
