Warnaco Group's Swimwear Group, which includes Speedo, reported Q1 revenues dipped 4.6% to $95.9 million and eased 1% on a constant currency basis. Operating income slid 14.9% to $12.6 million. Group results were hurt by currency exchange rates and d
Author: sportsoneauthor
Sports Supply Sees Fiscal Q3 Profits Rise Despite Sales Dip
Despite a 3.1% dip in sales, Sport Supply Group reported third quarter earnings rose 3.9% to $3.5 million, or 27 cents a share, from $3.4 million, or 25 cents per share, as the company tightened its cost controls. Net sales for the third quarter ended Mar
Gildan’s Q2 Net Plummets on Lower Sales, Weaker Margins
Gildan Activewear's earnings plunged 81.1% to $7.1 million, or 6 cents a share, in the second fiscal quarter ended April 5, compared to $42.1 million, or 35 cents, in the year-ago period. Sales declined 6.7% to $244.8 million from $293.8 million a ye
Nike, Inc. to Cut 5% of Workforce; 500 Affected in Beaverton
Nike, Inc. has issued a press release upon completion of its workforce review. As previously stated, Nike, Inc. began a global workforce review in February regarding the company's objectives to enhance its consumer focus, speed decision making and cr
OBIT: Park Athletic Supply’s John Bockel
John Bockel passed away on Monday, May 4, 2009 of a heart attack. The founder of Park Athletic Supply in Allen Park, MI in 1962, Bockel spent his life in the sporting goods industry…
April Boosts Outdoor Retail Sales in First Quarter
Sales of outdoor equipment, apparel and footwear grew slightly in the 2009 retail fiscal first quarter thanks in part to rising consumer confidence and a move by families to new vacation options. Close-to-home recreation continued to play a major role in
Obama Administration Welcomes the Outdoor Industry
About 50 outdoor retailers and suppliers and retailers joined the OIA Government Affairs team in Washington, D.C. for the 2009 Capitol Summit, which was held from April 21 to 23. Ten lobby teams met on the Hill with close to 90 members of Congress and/or
Moosejaw Mountaineering Launches Mobile Version of Website
Moosejaw Mountaineering has launched a new mobile version of its website, http://m.moosejaw.com. Moosejaw’s new mobile service allows shoppers to use any smartphone to browse Moosejaw’s catalog, price compare, read customer reviews and view customer produ
Bushnell to Acquire C’eb’e
MidOcean Partners, a middle market private equity firm, and Bushnell Outdoor Products said that Bushnell has acquired the C'eb'e brand from Marcolin S.p.A., which is listed on the Milan Stock Exchange. The terms of the purchase agreement were no
Crocs Closing Colorado DC
Crocs plans to close its Aurora, CO distribution center on July 8, a move which will eliminate 37 jobs. The shoe manufacturer does not expect the move to affect any of the 390 employees at its Niwot, CO headquarters…
Forzani Responds to Dissident Proxy Announcement
The Forzani Group Ltd. is recommending that shareholders oppose plans announced last week by Crescendo Partners, a New York-based hedge fund, to nominate its own slate of directors for election to FGL's board of directors after the firm accumulated o
NexCen Brands Opens First TAF Store in Lebanon
NexCen Brands, Inc. has opened the first TAF, previously known as The Athlete’s Foot, franchised store in Lebanon. The store opened in Beirut, Lebanon, the capital and largest city of the country…
Nordica USA President Knittle Retires
Nordica USA President Andy Knittle has retired. Knittle has worked for Nordica for 30 years, the last 10 of which were in the leadership position for Nordica in the USA. Willy Booker has been named to the position of General Manager in conjunction with Kn
Survey: Economy Won’t Keep Boaters Off Water
Boat Owners Association of The United States (BoatU.S.) reported in a membership survey released recently that 96% of respondents said the economic downturn would not lead them to “stop using their boat this summer.”…
WTU Support of 4-H Shooting Sports Exceeds $100,000
For nearly two decades Whitetails Unlimited has been financially supporting the 4-H Shooting Sports, and this year they are once again providing a donation to support their 2009 National/Regional Instructor Training Workshop. This year's workshop was
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