Patagonia, Inc., has named Jess Clayton as Product PR Marketer. Drawing upon her five-year tenure at Patagonia, Clayton will serve as the media’s contact for all issues related to Patagonia’s product line…
Author: sportsoneauthor
RECALL: Norco, Trek, Cannondale Bikes
Three bike manufacturers – Norco, Trek, Cannondale – have issued voluntary recalls of their products in cooperation with the U.S. Consumer Product Safety Commission. Consumers should stop using recalled products immediately unless otherwise instructed…
Saks Reports Q1 Loss of $5.1M; Comps Plummet 27.6%
Saks Incorporated reported net loss for the first quarter ended May 2, 2009 was $5.1 million, or 4 cents per share. Excluding the after-tax loss from discontinued operations of $200,00 million, the company recorded a loss from continuing operations of $4.
Element 21 Year-to-Date Revenues Triple Over Last Year
Element 21 Golf Company generated Q3 revenue of $1.8 million, an increase of 322% compared to revenue of $0.6 million in the same period in fiscal 2008. The combined fiscal 2008 Q1, Q2 and Q3 revenues are $2.8 million, showing tripling in sales as compare
First Quarter Sport Footwear Retail Prices Up
After a down period in the 2008 fourth fiscal quarter through January, Sport Footwear sales rebounded in the retail fiscal first quarter ended May 3, posting a low- to mid-single-digit increase in sales for the period. Based on retail point-of-sale data
Easton-Bell Q1 Profits Decline on Tighter Margins
Easton-Bell Sports, Inc. had net sales of $184.9 million for the first quarter ended April 4, an increase of 1.5% as compared to $182.1 million in revenues in the year-ago quarter. The revenue increase was dampened by the strengthening of the U.S. dollar
RECALL: Folding Bicycles
Dahon California Inc. and REI, in cooperation with the U.S. Consumer Product Safety Commission, have announced a voluntary recall of about 11,500 2008 Dahon and REI Novara folding bicycles…
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
Nautilus Sees Q1 Declines Reflect Broader Weakness of Fitness Business
Following up on a disappointing fiscal 2008 that saw sales fall 18.0%, things have only gotten worse for Nautilus, Inc. as 2009 first quarter sales plummeted 44.4% on significant weakness in all business segments…
NICS: April Gun Sales Up 30%
The upward trend in firearms sales continued in April, marking the sixth consecutive month of significant increases. Data released by the FBI's National Instant Criminal Background Check System (NICS) reported 1,225,980 checks in April 2009…
Heelys to Stay Independent; Domestic Business Halved in Q1
Heelys Inc. has completed a strategic review of its options and has decided to continue to go at it alone in the market. The Board of Directors reportedly looked at alternatives to acquire other brands-or to be acquired-and decided to stay focused on tur
Adams Golf Goes the Way of Golf Business in Q1
Adams Golf is the latest of the golf hardgoods companies to post negative results in the first quarter, but it appears the brand may have fared better than Callaway (SEW_0918), but roughly in line with TaylorMade (SEW_0919) and Wilson (SEW_0918). Managem
Shimano Inc. 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
True Temper Sees Q1 Top Line, Earnings Plummet
True Temper Sports first quarter sales dropped 48.5% to $18.4 million from $35.8 million in the 2008 comparable period. The company, which manufactures steel and graphite shafts for golf clubs, bicycles and hockey, recorded a net loss of $11.5 million for
Russell Athletic Provides Colleges with More Insight on Labor Disputes
Months after having its name tarnished on a weekly basis on college campuses across the country, Russell Athletic is stepping up to address critics regarding allegations of sweatshop conditions and anti-union practices at its plants in Honduras…
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