Fortune Brands, Inc. raised the low end of its 2010 earnings estimate Tuesday citing first-quarter results that are substantially higher than the year-ago quarter. The company said its home products and distilled spirits brands drove the growth, but that
Author: Charlie Lunan
Heely’s Outsources Sourcing in China
Heelys, Inc. entered into a new sourcing agreement with TGB, a subsidiary of Anthony L & S. The agreement will be effective on all orders beginning May 1, 2010 and allow Heelys to close their sourcing office in northern China…
Hincapie Sportswear Names New England Rep
Hincapie Sportswear has hired Larry Merling as retail sales representatives for the brand in Maine, Vermont, New Hampshire, Massachusetts, Connecticut and Rhode Island…
Shimano Sales Rise 11.4% in First Quarter
Shimano Inc.'s results for the first quarter indicate a quicker recovery in the bicycle business than the fishing business. The Japanese company's sales rose 11.4% to ¥50.2 billion ($553.7mm) in the first quarter ended March 31, 2010. However, w
Osprey Packs Releases 2009 Sustainability Report
Osprey Packs, Inc. issued its 2009 Sustainability Report laying out its efforts to reduce its environmental footprint and use fair labor practices…
IMBA Raises Nearly $600K in One Week for Advocacy
Just a week after launching the Public Lands Initative, the International Mountain Biking Association (IMBA) said companies have pledged $587,000 for the project. The money will be used to advocate for the industry through professional training sessions
Delta Apparel Ups Guidance After More than Doubling Q3 Earnings
Delta Apparel, Inc. reported sales growth of 26.0% and a per share earnings increase of 143% for its third quarter ended March 27, 2010 compared to the prior year third quarter. The better-than-expected results prompted the maker of Soffe and other brands
Vermont Bill Addresses Swipe Fees
The National Retail Federation is urging the Vermont legislature to give final approval to legislation that would address credit card “swipe” fees, saying merchants should be able to give a discount to customers who pay by cash, check or debit
Mountain Lodging Occupany Rose 9.6% in March
In some of the most solid results seen in the mountain travel industry during the past 12 months, lodging occupancy was up 9.6% in March compared to March 2009, according to the latest data released by the Mountain Travel Research Program (MTRiP)…
ExOfficio Names Holland Group as Midwest Rep
ExOfficio said it has hired the Holland Group to represent it in the Midwest. Consisting of David Holland, Jesse Mills, and Jen Vedepo, the firm has more than 31 years of outdoor industry experience and has had success representing brands like Rider Footw
President Obama Signs America’s Great Outdoors Initiative
President Obama signed a declaration establishing the America’s Great Outdoors Initiative that embraces much of the outdoor industry’s agenda, but also signals that tight federal budgets will require better coordinating federal and nonfederal
REI’s Sally Jewell Helping Shape New Conservation Policy
REI President and CEO Sally Jewel lauded President Obama for signing America's Great Outdoor Initiative at a conference in Washington Friday, when she participated in a panel discussion on how to connect people with the land. Jewell spoke of how chan
Coaltion Would Seek to Raise Duty-free Treatment for Small Shipments to $1,000
Sandler, Travis & Rosenberg, P.A. said it is working to create a new coalition that will seek to increase the duty-free allowance for small shipments for the first time in nearly 20 years, from $200 to $1,000. The change would reflect the increasing costs
Serotta Sports Taps Mavis to Build Cycling Lines
Stan Mavis, co-founder of Pearl Izumi and later president of Sugoi Performance Apparel, has been named president of the newly formed Serotta Sport, which will continue to offer Serotta’s custom, hand-built bicycles and also be the exclusive North Am
Victorinox Corporate Sales Gets New VP
Victorinox Swiss Army (VSA) has promoted Mike Smith to VP of sales, corporate markets. A Victorinox veteran, Smith joined the company in 1994 and has held roles in procurement, supply chain and product management…
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