Outdoor Industry Association is presenting a free webinar on Thursday, Dec. 6, at 10:00 am MST to highlight the outdoor industry’s sustainability efforts and how the snow sports industry can get involved…
Author: James Hartford
Gander Mountain to Add Sixth North Carolina Store
Gander Mountain is opening its the sixth store in North Carolina, and the 120th nationwide, in Gastonia, NC in the late spring…
KSL Acquires 24 Percent of Whistler; Top Execs to Leave
Whistler Blackcomb Holdings Inc. (WBH) and KSL Capital Partners, LLC announced Monday that an affiliate of KSL has entered into a purchase agreement with Intrawest ULC to acquire Intrawest's 24 percent stake of WBH for approximately $116 million…
Puma SE Q3 Earnings Plummet on Margin, Expense Woes
Puma SE reported that third quarter consolidated sales grew by 6.0 percent in euro terms and by 0.5 percent currency adjusted to €892.2 million ($1.12 bn). Net earnings fell by 85.1 percent to €12.2 million, or 81 cents per diluted share. Foot
Costco U.S. Comps Rise 7 percent in August
Costco reported net sales of $7.40 billion for the month of August, the four weeks ended August 26, 2012, an increase of eight percent from $6.85 billion during the similar period last year. Total company comparable store sales rose 6 percent for the per
Tecnica Group Appoints Weaver to Global CEO Post
Peter Weaver, currently CEO of the Tecnica Group’s USA organization, will assume the role of Global CEO for the Tecnica Group effective September 1, 2012. In addition to his new global leadership responsibilities, he will maintain his position as
The Buckle Swings Back to Postive Comps in August
The Buckle, Inc. reported that comparable store net sales for the four-week period ended August 25 increased 4.5 percent from comparable store net sales for the prior-year period. Net sales for the four-week fiscal month increased 5.7 percent to $100.8 mi
Sears Holdings to Spin Off Sears Hometown, Outlet Stores, Inc.
The Sears Holdings Corporation board of directors approved the rights offering transaction pursuant to which Sears Holdings intends to effect the separation of its Sears Hometown and Outlet Stores, Inc. subsidiary. Sears Holdings will cease to have any o
Sears Holdings to be Removed from SandP 500 Index
Standard & Poors is removing Sears Holdings Corp. from the S&P 500 Index at the close of trading Sept. 4 and replacing it with chemical and polymer maker LyondellBasell Industries NV. S&P said the move was made because “Sears' public float has been w
Li and Fung First Half Profits Up 33 Percent
Li & Fung Limited, the multinational consumer goods export and logistics group, announced that revenue achieved in the first six-month period ending 30 June 2012 was $9.13 billion, an increase of 4 percent from $8.80 billion in the first half of 2011. Pro
Head NV Posts Wider Q2 Loss on Tighter Margins, Higher Costs
Head NV reported that total net revenues increased 6.9 percent to €62.5 million ($80 mm) from €58.5 million ($84 mm) in the comparable 2011 period. This increase was mainly due to higher revenues in the Racquet Sports division. Gross margin de
Asics Corp. Posts Weaker Q1 Net on Japan, FX Rate Challenges
Asics Corp. reported that fiscal first quarter consolidated net sales increased 1.1 percent to ¥66,105 million ($825 mm) for the three-month period ended June 30, 2012. Net income for the first quarter decreased 4.6 percent to ¥4,934 million ($62 mm)…
Anta Sports Sees First Half Profits Fall on Revenue Decline
Anta Sports Products Limited announced that fiscal first half revenues declined 11.6 percent to RMB3.93 billion for the period ended June 30. Net profit fell 17.0 percent to RMB769.6 million…
Nautilus Narrows Q2 Loss on Strong Double-Digit Sales Gains
Nautilus, Inc. reported net sales for the second quarter 2012 totaled $39.6 million, an increase of 14.0 percent compared to net sales of $34.7 million for the same quarter in 2011. The company reported a net loss (including discontinued operation) of $0.
Speedo Parent Sees Q2 Net Shrink on Lower Revenues, FX Rate Impact
Warnaco Inc. net revenues fell 5 percent to $563.9 million, compared to the prior year period and were flat in constant currency. In the quarter, a 10 percent increase in Swimwear Group net revenues, fueled by a strong performance from Speedo, were more t
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