During the first quarter of 2007, adidas Group sales increased 9% on a currency-neutral basis, mainly driven by sales growth in the adidas segment. Currency-neutral sales grew in all regions except North America, which was stable. In euro terms, revenues
Author: SGB Media
Heelys Owners to Offer Additional 8 Million Shares
Heelys, Inc. filed a registration statement with the Securities and Exchange Commission for the proposed offering of 8,000,000 shares of common stock held by Heelys, Inc. stockholders. Heelys, Inc. will not receive any of the proceeds from the sale of the
Warnaco Swimwear Q1 Sales Increase 1.8%
The Warnaco Group, Inc. first quarter ended March 31, 2007 net revenues rose 20.7% over the prior year quarter. Operating margin increased 350 basis points to 11.6% of net revenues and net income increased by 52 cents to 82 cents per diluted share. The Sw
REI to Open Asheville, NC Store
Recreational Equipment, Inc. plans to open a store in Asheville, North Carolina in the fall of 2008 at Biltmore Park Town Square, a new mixed-use village. The one-story 29,000 square-foot store will be located approximately 12 minutes from downtown Ashevi
Garmin to Acquire German Distributor
Garmin Ltd. has signed a letter of intent for the proposed acquisition of GPS Gesellschaft fur Professionelle Satellitennavigation mbH (“GPS GmbH”), the exclusive distributor of Garmin's consumer products in Germany. The completion of the acquisition
Performance Bicycle to Open New Ohio Store
Performance Bicycle, will open a new location in Mayfield Heights, OH in May, 2007. The store will be 8,200 square feet and will be located in at 1509 Golden Gate Plaza. Following Performance Bicycle’s commitment to green business practices, 100% of the e
Big Dog Q1 Net Loss Widens Despite 14% Sales Gain
Big Dog Holdings reported that consolidated net sales for the 2007 first quarter were $44.2 million, a 14% increase from $38.7 million in the first quarter 2006. The consolidated operating loss for the period was $5.9 million, compared to $4.8 million for
Rocky Brands Sees Q1 Profits Decline on Lower Margins
Rocky Brands first quarter, 2007 net sales increased 7.2% to $61.7 million versus net sales of $57.5 million in the first quarter of 2006. Net income was $800,000 versus net income of 900,000 and diluted earnings per share were 14 cents compared to dilute
Oakley Plans New SoCal DC
Oakley, Inc. has pre-leased approximately 290,000 square feet of distribution space in southern California from ProLogis. Oakley's new distribution facility will be located at Crossroads Business Park, a master-planned park ProLogis is developing in
Gramicci Hires Three New Reps
Gramicci apparel has expanded its U.S. sales force with the addition of Steve Shrednick and his wife Bobbi Bensman, covering the Rocky Mountain territory, and Matthew Miller, outdoor industry veteran responsible for the mid-Atlantic.
Liberty Media Acquires Controlling Interest in Backcountry.com
Liberty Media Corporation and Backcountry.com have entered into a definitive agreement for Liberty Media to acquire control of Backcountry.com. Terms of the acquisition were not disclosed. Liberty's interest in Backcountry.com will be attributed to t
Brooks Sues Nike and Payless Over Tailwind Brand
Brooks Sports filed a lawsuit in the United States District Court for the Western District of Washington against Nike, Inc., Exeter Brands Group, LLC and Payless ShoeSource, Inc., citing significant trademark infringement and unfair competition relative t
Yakima Opens New Western Distribution Center
Yakima has opened a distribution center in Riverside, Calif., that will decrease delivery time by 50% for western customers. Retailers can expect a one to two day transit time instead of the previous distribution schedule of four to five days. Yakima wil
Nève Designs Inks Licensing Deal with U.S. Ski Team
Nève Designs will be a licensed sweater and accessories company for the U.S. Ski Team. The terms of the agreement will run from May 1, 2007 until April 30, 2011 and will provide Nève the use of the U.S. Ski Team mark and athletes for advertising and promo
CamelBak Signs Distribution Deal with QBP
CamelBak will partner with Quality Bicycle Products to distribute its line of water bottles and bottle accessories in bicycle retailers…
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