There may have been few lonely bright spots twinkling through the haze of a languid May, but results were largely disappointing as the market made it clear to economists and analysts that any hints of recessional relief are just that — hints. With Wal-Ma
Author: James Hartford
Recall: REI 2005 Novara Trionfo Bicycles
Recreational Equipment Inc., in cooperation with the U.S. Consumer Product Safety Commission, has announced a recall of 2005 Novara Trionfo Bicycles. The fork can separate from the steerer tube which can cause the rider to lose control, posing a fall haz
Teens Outline Brand Preferences in New Research Report
It would come as no surprise that teenagers rate the Nike and Adidas brands highest in many categories of brand strength, given the brands' global appeal and marketing budgets, but consumers aged 12 to 17 years old were dramatically more likely to be
LaCrosse Footwear Closes on END Footwear Acquisition
LaCrosse Footwear, Inc. has closed its acquisition of
certain assets of performance footwear company Environmentally Neutral Design Outdoor, Inc. (END). Through the Agreement, LFI acquires substantially all the assets comprising END’s footwear business,
NSGA: 2008 Sporting Goods Sales Reach $53.4 Billion
In spite of a 16% surge in shooting sports equipment, retail sales of sporting goods (footwear, clothing and equipment), which reached a record $53.5 billion in 2007, fell 1% in 2008 to $53.4 billion, according to the just released National Sporting Goods
American Hiking Society Celebrates 17th Annual National Trails Day
On June 6, 2009, American Hiking Society and outdoor enthusiasts across the country will celebrate the 17th annual National Trails Day® (NTD), a long-standing celebration of America's magnificent trail system and its countless supporters and voluntee
Icebreaker Sees Shift in Design Leadership
Icebreaker has promoted Creative Director Rob Achten to VP of product and creative director. His duties will now include product design as well as ensuring that Icebreaker’s brand identity, strategy and design direction are consistently carried through to
Tour Edge Adds Reps, Call Center
Tour Edge is expanding its sales force. Recent hires include Larry Lida (GA, SC-FL Panhandle, SE AL), Nathan Kerr (TN, KY), John Roberts (OK, AR), and Tom Henderson who will work the North Carolina and South Carolina territory at the on-course level only
PacSun Narrows Q1 Loss Despite Double-Digit Comp Declines
Pacific Sunwear of California, Inc. saw net sales decline 16.3% to $223.5 million for the fiscal first quarter ended May 2 versus the year-ago period and total company same-store sales decreased 18% during the period. The retailer posted a net loss of $8
Foot Locker Q1 Earnings Jump Despite Comp Sales Dip
Foot Locker, Inc. reported that fiscal first quarter sales decreased 7.1% to $1.22 billion for the period ended May 2. Excluding the effect of foreign currency fluctuations, Q1 sales decreased 2.2% and comparable store sales decreased 2.4% for the period.
Shimano Reduces Full Year Outlook after Q1 Sales Decline
Shimano, Inc. reported that revenues for the first quarter declined in double-digits, but net income improved thanks to a boost in non-operating income and lower taxes. Net revenues fell 18.9% to ¥45.1 billion ($483 mm) for the period ended March 31, com
Bike Industry Wins Two-Year Stay on Lead Law
The Consumer Product Safety Commission last week denied the bike industry’s petition to exclude children’s bikes from a strict new lead law but granted a two-year stay of enforcement, giving manufactures a bit of breathing room to figure out how to best c
Joyce Departs Nautilus, Inc.
Nautilus, Inc. has announced the departure of SVP/GM, Tim Joyce, to be effective immediately. Joyce joined Nautilus in September 2007 as SVP of global sales…
Gildan’s Fiscal Q2 Net Plummets on Lower Sales, Weaker Margins
Gildan Activewear Inc. reported that net earnings for the company’s fiscal second quarter fell more than 83% to $7.1 million, or 6 cents per diluted share, for the period ended April 5, compared with net earnings of $42.1 million, or 35 cents per diluted
Adams Golf Q1 Net Halved on Double-Digit Sales Decline
Adams Golf reported that net sales declined 16.2% to $23.5 million in the first quarter from $28.0 million for the year-ago period. The company had net income of $0.4 million, or 5 cents per fully diluted share, for the first quarter 2009, as compared to
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