West Marine incorporated a change in its method of reporting certain indirect inventory-related expenses and capitalization. This resulted in a restatement of earnings. These adjustments are the result of the previously announced Company-initiated review
Author: sportsoneauthor
K2 Plans to Move Warehouse to Seattle
K2 Sports plans to transition its shipping operations into a warehouse facility adjacent to the Company’s new headquarters in Seattle. K2 began relocating its finance, legal, sales, customer service and operations personnel in September 2006, and with th
Mirraco Recalls 11,000 Bicycles
The U.S. Consumer Product Safety Commission, in cooperation with Mirraco LLC, of Carlsbad, Calif., announced a voluntary
recall of several models of Mirraco Bicycles. Consumers should stop using recalled products immediately.
Vasque Taps JanSport Vet as Director of Sales
Vasque Footwear hired Chris Speak as the new director of sales. Speak brings extensive sales experience with his most recent position being director of sales for Jansport. Beyond Jansport, Speak also held positions in sales for PUR Water Filter Systems
Outside Names Conservation Alliance as Green Issue Beneficiary
Outside magazine will donate one dollar of each April “Green Revolution” issue sold on newsstands to The Conservation Alliance to support the group’s efforts to protect wild places throughout North America for their habitat and recreational values…
SIA and Tubbs Present Snow Fitness Program
Three members of the education community in Fairfax County will present a session entitled Snow or No Snow – Physical Education and Recreation Snowshoe Programming at the national conference for the American Alliance for Health, Physical Education, Recrea
Marmot Promotes Three
Marmot Mountain L.L.C. made three internal promotions within the company. Laura Miera has been appointed to Vice President of Global Production; Beng Hook is the new Manager of Technical Design; and Jamie Ruderman has been appointed to Creative Director..
12 SMC Members Honored by Ski Magazine
Snowsports Merchandising Corporation, a buying group of specialty ski and snowboard shops in the wintersports industry, had 12 of its members win SKI Magazine’s Gold Medal shop award…
Decker’s Q4 Net Income Nearly Doubles on 36.7% Sales Increase
Deckers Outdoor Corporation fourth quarter net sales increased 36.7% to $124.4 million versus $91.0 million last year. Preliminary diluted EPS increased 93.6% to $1.82 versus 94 cents last year; ahead of previous guidance range of $1.27 to $1.30. Teva Bra
Skechers Sues Asics for Libel and Unfair Competition
Skechers USA, Inc. has filed a lawsuit against Asics Corporation and Asics America Corporation for trade libel, unfair competition and tortious interference with prospective economic advantage and economic business relations. Skechers seeks injunctive rel
Outdoor Sports Marketing is Cascade Designs’ Rep of the Year
Cascade Designs Inc. named Outdoor Sports Marketing as 2006 Rep of the Year. The group’s efforts propelled strong growth in the Southeast U.S. territory for the company’s flagship brands: MSR, Therm-a-Rest, SealLine, Platypus and Tracks…
REI’s Fiscal 2006 Net Income Climbs 23% on 9.5% Comps
REI will distribute $58 million to its active members through the annual patronage refund based on the co-op's 2006 sales of $1.18 billion. For the year, REI's operating income increased 22.8% from $86 million to $105.5 million, and net income i
La Sportiva and Sugoi Ink Trail Running Team Deal
La Sportiva and Sugoi announce a partnership for the 2007 La Sportiva Mountain Running Team. Sugoi will be outfitting the team in its running-specific apparel…
Gander to Open New Minnesota Store
Gander Mountain Company will open the first of more than a dozen stores it plans to open in 2007. The newest store will be located in Eden Prairie, Minnesota at 12160 Technology Drive. The store's Grand Opening is scheduled for March 30…
Volcom Sales and Earnings Climb, EU Investment Should Pay-Off in 2007
Volcom, Inc. fourth quarter revenues increased 37.2% to $56.6 million, compared with $41.2 million in the fourth quarter of 2005. Net income for the fourth quarter of 2006, which includes a provision for income taxes using a 39.4% tax rate, increased to $
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