Leatt Corporation, a South Africa-based developer of personal protective equipment for athletes in extreme sports, has been approved to continue quotation of its securities on OTCQB, effective as of Aug. 1…
Author: Charlie Lunan
Black Diamond’s Continuing Businesses Post Double-Digit Q2 Growth
Black Diamond, Inc. reported sales from continuing operations increased 18 percent to $34.4 million compared to $29.2 million in the same year-ago quarter. The growth, which excludes results at Gregory Mountain Products, was primarily due to strong growth
Alpartagas: World Cup Hurt Mizuno, Timberland Sales
Alpartagas reported its North American, European and Argentine businesses offset expected second quarter declines in its home market of Brazil, where consumers diverted spending away from Mizuno running shoes and Timberland footwear and toward apparel and
Black Diamond Anoints Sony Executive to Succeed Metcalf
Black Diamond Inc. appointed former Sony executive Zeena Freeman president effective Aug. 11 and anointed her as successor to the company co-founder and CEO Peter Metcalf. While Metcalf will continue to serve as CEO and director, the company expects Freem
Nautilus Posts Rare Q2 Operating Profit as New Product Sales Surge
Nautilus Inc. reported strong sales of its newest products and a higher mix of Retail revenues resulted in positive operating income in the usually unprofitable second quarter ended June 30…
Sport Check Sustains Double-Digit Comps Growth in Second Quarter
Growth accelerated sharply at Canada’s largest sporting goods retailer – FGL Sports – in the second quarter thanks to continued improvement at its core Sport Chek banner, according to parent company Canadian Tire Corporation’s (CTC) earnings r
Head NV Q2 Losses Increase Amidst Weak Organic Growth
Head NV reported sales were up 2.5 percent in the first quarter ended June 30, thanks largely to the January acquisition of SSI, which offers diving certification courses and materials globally. While losses increased during the quarter, they narrowed for
LULU Founder Sells Half His Stake, Halts Proxy Fight to Gain Board Seats
Lululemon Athletica Inc. Founder and Director Dennis Wilson has agreed to postpone his proxy fight with the company for another two years in exchange for two seats on the company’s and an independent evaluation of corporate governance…
Backcountry.com Fate Back in Play
Liberty Interactive Corporation is reevaluating what to do with the assets in its Digital Commerce Group, including Backcountry.com, following an agreement to sell the biggest and most profitable business in the group. LINTA reported the group, which also
Delta Apparel Rightsizing in Wake of Second Quarter Sales Decline
Delta Apparel, Inc. sacked its president and chief operating officer last week as part of a comprehensive restructuring triggered by its first decline in year-over-year sales in more than a decade…
Sequential Brands Grows Second Quarter EBITDA Nearly 50 Percent
Sequential Brands Group, Inc., which expects to add Avia, AND1 and Nevados to its brand portfolio by year end, increased its sales nearly 63 percent and its adjusted EBIDTA 48 percent in the second quarter…
Lululemon’s Wilson to Sell Half His Shares to Advent International
Lululemon Athletica inc. Founder Dennis J. (Chip) Wilson has agreed to sell half his shares in the apparel maker equal to a 13.85 percent stake of the company to Advent International for approximately $845 million. The transaction has received the full su
Reed Guanghe Splits Chinese Golf Shows
Reed Guanghe Exhibitions, together with the China Golf Association and the PGA of America, will split the China Golf Show into three separate shows starting next year. One will focus on merchandise and occur twice a year and the other will focus on the go
Bikes, Bottles and Babies Help CODI Offset Liberty Safe’s Hard Landing in Q2
Compass Diversified Holdings Inc. reported sales at its Branded Consumer businesses increased 8.5 percent in the second quarter as growth at Fox Factory, CamelBak and Ergobaby more than offset a larger than expected decline at Liberty Gun, which makes gun
Canadian Tire Taps Medline as Next CEO
Canadian Tire Corporation announced its president, Michael Medline, will take over the position of CEO from Steven Wetmore when he retires Dec. 1. Wetmore has agreed to remain on the board of directors in a new, non-executive position of deputy chairman.
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