Columbia Sportswear Co.'s third quarter sales increased 4% to $471.1 million as gains in the Columbia brand and Moutain Hardware offset declines at Sorel and Montrail. Net income dropped 4% to $62.6 million, or $1.72 a share. Among categories, sales
Author: sportsoneauthor
U.S. Ski and Snowboard Hall of Fame to Host Induction at SIA.08
For the second year in a row, the U.S. National Ski and Snowboard Hall of Fame and Museum will host their Induction Ceremony at the SIA.08 SnowSports Trade Show. The inductees represent a very diverse group of snow sports pioneers, athletes and developer
Fortune Brands Q3 Earnings Climb on Lower Sales
Fortune Brands third quarter earnings were $1.33 per diluted share, an increase of 36%. Net income comparisons benefited from lower charges from one-time items in the current-year period. Excluding one-time items in both the current and prior-year periods
Petzl and RRGCC Raise $32,000 for Climbing Access
Petzl America and the Red River Gorge Climber’s Coalition (RRGCC) made history with an unprecedented effort to preserve climbing and recreational access in eastern Kentucky. By joining forces for this year’s annual Rocktoberfest fundraiser and climber’s f
Gregory Launches New Canadian Sales Program
To bolster its presence in the Canadian market, Gregory Packs has established a formal Canadian sales program and partnered with CDEC in Cowansville, Quebec, a distributor for other outdoor product manufacturers, to distribute its products in Canada…
Amer Sports Q3 Sales Decline on Slow Winter Pre-Season
In the July-September third quarter, Amer Sports' net sales decreased 2% to €462.8 million ($636.1 mm) compared to €471.9 million ($604.2 mm) last year. In local currencies, sales were on par with the previous year. Salomon's sales in local curr
Hi-Tec CEO Takes Over as President of EU Operations
After joining global sports and outdoor brand HI-TEC in 2002, CEO Martin Binnendijk’s prime objectives were to make the company a more consistent, brand focused operation. Now, 5 years on, the company has transformed and both the Hi-Tec and Magnum brand a
Norwegian PE Firm Acquires Majority Stake in Dale of Norway
Propago, a Norwegian-based investment group, has purchased a 67% share of Dale of Norway, a manufacturer of exclusive knitwear. While full financial terms were not disclosed, the new owners injected $5 million into product development…
Nike Looks to Acquire Umbro for $582 Million
Nike has reached an agreement on an all-cash offer to acquire Umbro plc. The Board of Directors of Umbro, which is listed on the London Stock Exchange, has unanimously recommended that shareholders accept the offer of 193.06 pence, which together with the
REI Appoints Davis to Board
Recreational Equipment, Inc. appointed Brenda Davis to a one-year term to the company's board of directors. A lifelong conservationist and outdoor enthusiast, Davis resides in Bozeman, Mont. and is chair of The Wilderness Society, which works to save
Rocky Brands Cuts Earnings Guidance; Q3 Sales Climb
Rocky Brands, Inc. third quarter of 2007 net sales increased 5.4% to $82.3 million versus net sales of $78.1 million in the third quarter of 2006. The Company reported net income of $1.1 million, or 21 cents per diluted share versus net income of $4.2 mil
Zigo Lands Seed Funding and Files for Patents
Soma Cycle, Inc. (dba Zigo) closed a seed round financing with a single institutional investor, securing sufficient funds for the launch of its first product, the Zigo LEADER. The company has also filed for patent protection covering numerous aspects of t
FFR Sees 33% Attendance Increase
The 2007 FlyFishing Retailer show saw an upswing in total attendance thanks to a popular return to September dates. FlyFishing Retailer recorded a close to 50 percent spike in day one attendance over 2006. Total attendance for the show indicated an upswin
OBōZ Hires Keeley as Retail Relations manager
OBōZ has hired Taylor Keeley to manage OBōZ’s daily interactions with its retail partners. Keeley’s hire as Customer Service Manager coincides with OBōZ’s move to its new headquarters in Bozeman, Montana—the place that inspired the company
Icebreaker Launches TOUCH_LAB Retail Store in Portland
Icebreaker will launch a “TOUCH_LAB” retail store in Portland, Oregon, set to open doors in late November. The flagship store will occupy over 2,600 square feet of store space at 1109 W Burnside Avenue, in the Pearl District which includes several athlet
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