Black Diamond Inc. had net income of $700,000 in the fourth quarter ended Dec. 31, 2013, up 40 percent from a year earlier, accorded to audited financial statements released Monday. The statements confirmed sales increased 24 percent to $60.4 million on g
Author: Charlie Lunan
Police Investigating Cause of Missoula Avalanche
Police in Missoula, MT are investigating the cause of an avalanche that buried and destroyed two homes and buried three people Friday after an official with the local avalanche center said it was caused by a snowboarder…
Black Diamond CEO Says Gregory Sale Could Lift CAGR Above 20 Percent
Black Diamond Inc. could raise its compound annual growth rate (CAGR) above 20 percent by selling Gregory Mountain Products and using the proceeds to accelerate development of direct-to-consumer sales and product development at Black Diamond and POC, CEO
SCARPA North America Honors KnS Reps
SCARPA North America this week gave its 2013 Sales Rep of the Year Award to Colorado-based KnS Reps. KnS works as SCARPA’s sales team in Colorado, Utah, Wyoming and New Mexico.
Jarden Lifts Limits on Stock Repurchases to $500 Million
Jarden Corporation's Board of Directors authorized Thurday an increase in its stock repurchase program to an aggregate of up to $500 million of its common stock, including unused capacity under the company's existing stock repurchase program…
Oakley’s Sagging Sales to US Military Slowed Luxottica’s Q4 Growth
Luxottica reported U.S. sales by its Wholesale Division increased 12.1 percent in the fourth quarter ended Dec. 31, 2013, excluding a drop in Okaley's sales to the U.S. Army. Oakley experienced strong double-digit growth in Europe and emerging market
Luxottica Will Also Pay Millions to Settle Italian Tax Dispute
Luxottica Group became the second Italian eyewear company this week to announce it would pay tens of millions of euros to national tax authorities in Italy to resolve a dispute over how it handled transfer pricing and other complex international tax issue
BEA Lowers Fourth Quarter GDP Growth Estimate
The federal government substantially lowered its estimate of how much the U.S. economy grew in the fourth quarter to reflect more comprehensive data showing consumer spending grew more slowly than first thought…
Jos. A Bank Could Still Back Out of $825M Deal to Acquire Eddie Bauer
Jos. A Bank Clothiers Inc. gave its rival Men’s Wearhouse one more opportunity to sell it on a merger late last week, increasing the possibility JOSB will call off its proposed $825 million acquisition of Eddie Bauer…
Dealer’s Early Markdowns Hurt Backcountry.com’s Q4 Results
Growing competition from department stores and vendor's direct-to-consumer channels as well as early markdowns of winter products by some major outdoor retailers emerged as headwinds at Backcountry.com in the fourth quarter, according to statements b
Fruit of the Loom Efforts in Honduras Recognized by EPA
Fruit of the Loom, Inc., which designs, makes and markets Spalding and Russell Athletic apparel, has been named a recipient of the EPA's Climate Leadership Award for its committment to reducing its carbon footprint in Honduras, which supplies 27 perc
Boston Marathon Bans Personal Bags
The Boston Athletic Association announced a “no bags policy” for the 2014 Boston Marathon to expedite security checks and promote overall safety at the race in the wake of last year's bombing…
Safilo Group to Pay $21 Million to Settle ItaIian Tax Dispute
Safilo Group S.p.A., the Italian eyewear company that owns Smith Optics, will pay Italian tax authorities €21 million over the next three years to settle a dispute over how it handled transfer pricing and other international tax matters…
Timex Names New VP of Sports Sales
Timex Group USA has named Stan Brajer as a vice president for sports sales…
Joint Interbike/OR Media Event to Promote Outdoor Technology
Interbike and Outdoor Retailer joined forces to launch Charged Up, a new immersive media event designed to bring the latest in electric bike innovation and active outdoor technology to the attention of the non-endemic consumer and technology print, broadc
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