Lululemon Athletica Inc. announced a $475 million stock buyback last week to take the sting out of disappointing fiscal first quarter results, but some investors were not buying it. Pointing to a continuing decline in comparable store sales, analysts cont
Author: Charlie Lunan
Osprey to Relocate DC to Wasatch Front by mid-2015
Osprey Packs, Inc. will move its distribution operations from its home town of Cortez, CO to Utah’s Wasatch Front next year. While Osprey company headquarters, which includes sales, customer service, marketing, finance, quality assurance, returns an
Notogroup Launches Search for Social Good
Notogroup Executive Search is accepting applications from non-profit organizations that have a current or pending executive level opening for a pro bono search opportunity…
Colorado Ski Visits Set Record in 2013/14 Season
Skier visits to Colorado's mountain resorts hit a record 12.6 million in the 2013/14 season, according to estimates released Thursday by Colorado Ski Country USA (CSCUSA). The organization estimates ski visits were up more than 10 percent compared t
FIFA To Invest $900 Million in Soccer Development in 2015-18 Period
FIFA will invest $900 million to develop soccer from 2015 through 2018, or an increase of $100 million over the previous budget cycle, according to a budget approved during the world governing body's 64th Congress, which concluded Wednesday in Sao Pa
Loudmouth Golf Names President
Loudmouth Golf, whose brightly colored golf pants and shirts enable golfers to “play LOUD!” has appointed former Disney, Hurley and Nike executive, Dennis Green as president effective Wednesday…
Intersport Retails Sales Set Record in 2013
Intersport, the world’s largest sporting goods retail banner with 5,400 stores in 44 countries, reported its retail sales increased $100 million ($133mm), or 1 percent, to a record €10.3 billion ($13.7mm) in 2013. Growth drivers were again the
Icebreaker Working on Co-Branded Apparel with Cabela’s
Icebreaker will launch a co-branded apparel line at Cabela’s this fall as part of its new five-year plan to double global sales to $400 million by 2019, company Founder Jeremy Moon told The B.O.S.S. Report last week. In a telephone interview from Ic
Lululemon Founder Chip Wilson Blasts Company’s Board for Short-term Focus
Lululemon Athletica Inc.'s Founder and largest shareholder Chip Wilson announced Wednesday that he voted against the re-election of two directors to the company’s board, arguing their focus on short-term results was coming “at the expense of pr
West Coast Strike Could Trigger Surcharges by Container Lines
At least three major container shipping lines would be allowed to impose a surcharge to handle cargo if labor related unrest causes congestion at West Coast ports next month, according to a trade alert Outdoor Industry Association issued to its members We
Trek Says Bike Featuring New Suspension Technology Headed to Dealers
Trek said a new suspension technology developed over the last five years in partnership with Penske Racing Shocks and Fox will become available at retail later this summer when its all-new Fuel EX 27.5 mountain bikes reaches dealers…
Black Diamond Given Year to Appoint More Independent Directors or Lose NASDAQ Listing
Black Diamond Inc. has been given a year to appoint a majority of independent directors to its board or risk losing its listing on the NASDAQ following shareholders' election last week of six company nominated directors…
Fox Head Inc. Names Millenacker as GM for US
Fox Head Inc. has named Michael Millenacker as general manager, USA. Millenacker will be assuming the leadership and management of all Fox US Business and will be reporting directly to Nick Adcock, CEO…
Bauer Seeks to Raise $110 Million in Stock Offering
Bauer Performance Sports Ltd., which is already listed on the Toronto Stock Exchange, is pursuing a public offering of its common shares in the United States and Canada in a bid to raise gross proceeds of approximately $110 million…
PeopleForBikes President to Help Govern New World Cycling Alliance
PeopleForBikes President Tim Blumenthal has been appointed to the international steering board for the World Cycling Alliance, which was launched at the Velo-city Global conference in Adelaide last month to create a global advocacy network that will lobby
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