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K2 First Quarter Sales Climb 7% on Marine and Outdoor Strength

April 25, 2007 SGB Executive

K2 Inc. net sales for the first quarter ended March 31, 2007 were $372.7 million versus $348.1 million in the prior year, an increase of 7.1%. Adjusted net income for the first quarter of 2007 was $7.1 million, or 14 cents adjusted diluted earnings per sh

Coleman Parent Adjusted Income Climbs on 4% Sales Gain

April 25, 2007 SGB Executive

Jarden Corporation's Q1, 2007 net sales increased 4% to $821 million compared to $792 million for the same period last year. Net income was $1.4 million, or two cents per diluted share for the quarter, compared to $5.7 million, or nine cents per dilu

Jarden Corp. to Acquire K2 Inc. for $1.2 Billion

April 25, 2007 SGB Executive SGB Update

Jarden Corporation and K2 Inc. have signed a definitive merger agreement pursuant to which Jarden will acquire K2. Under the terms of the agreement, Jarden will pay $10.85 per share of K2 common stock in cash and will issue 0.1086 of a share of Jarden com

Kenji Haroutunian Named Show Director for Outdoor Retailer

April 25, 2007 SGB Executive

Nielsen Sports Group promoted Kenji Haroutunian to the new show director for the biannual Outdoor Retailer trade shows, where he will manage strategic planning, staff, sales, marketing and budgeting for the biannual event. Haroutunian will work closely wi

Nautilus Q1 Income Cut in Half on 14% Sales Decline

April 25, 2007 SGB Update

Nautilus, Inc. net sales for the first quarter ended March 31, 2007, fell 14% to $158.8 million, compared to $185.0 million for the corresponding period last year. Net income for the quarter was $2.5 million, or eight cents per share, compared to $5.2 mil

Cervelo Launches New Consumer Generated Media Ad Campaign

April 24, 2007 SGB Update

Cervelo launched their new Consumer Generated Media contest and ad campaign, based on the tag Enjoy.Cervelo, this weekend on Cyclysm Sundays. The CGM promotion is a natural extension of Cervelos efforts as it has pioneered social media programs in the bik

New York City Council Overrides Bat Ban Veto

April 24, 2007 SGB Update

The New York City Council on Tuesday voted to override Mayor Michael Bloomberg's veto of the Council's recent move to ban metal bats and enact the legislation forcing the ban. A lawsuit is expected to be filed within days by a number of interes

Exel Sports N.A. Restructures

April 24, 2007 SGB Update

Exel Sports NA, a fully owned subsidiary of Exel Plc, a Finnish manufacturer and developer of composite consumer
products including cross-country ski, alpine ski, trekking and Nordic Walking poles announced today that Chris Griffin has been appointed as p

VF Increases Guidance on Double-Digit Q1 Sales Gains

April 24, 2007 SGB Update

VF Corporation revenues rose 15% to $1.67 billion, compared with $1.46 billion in the first quarter of 2006, driven by higher revenues across the Outdoor, Jeanswear and Imagewear businesses. Income from continuing operations in the current quarter increas

Neiman Marcus’ Computer Equipment Stolen

April 24, 2007 SGB Update

The Neiman Marcus Group announced that computer equipment owned by a third-party pension benefits plan consultant containing files with sensitive employee information was reported stolen. The Company has no reason to believe that the data contained in the

EMS Partners with Merrell for ‘Women’s Fit Night’

April 24, 2007 SGB Update

Eastern Mountain Sports is partnering with Merrell to co-host “Women’s Fit Nights” at select Eastern Mountain Sports store locations in May. Hosted by female Eastern Mountain Sports Foot Gurus, in-store experts that fit footwear, and Merrell female tech r

Woolrich Appoints New National Sales Manager

April 24, 2007 SGB Update

Woolrich promoted Keith Myers to national sales manager. In his new role, Myers will be responsible for the supervision and development of the field sales representatives, the expansion of the Woolrich brand within the account structure and the developmen