Author: SGB Media

Sport Haley Fiscal Q2 Swings to Profit on 11% Sales Decline

February 22, 2006 SGB Executive SGB Update

Sport-Haley, Inc. net sales for the fiscal second quarter ended December 31, 2005 were $4.4 million, a decrease of $571,000 or 11%, from net sales of $5.0 million for the same quarter in the prior fiscal year. Net income for the quarter ended December 31,

Garmin Q4 Earnings Outpace Sales by Nearly Two to One

February 22, 2006 SGB Executive SGB Update

Garmin Ltd. fourth quarter 2005 revenue was $319.3 million, up 45% from $220.9 million in fourth quarter 2004. The consumer segment revenue increased 50% to $260.2 million in fourth quarter 2005. All geographic areas experienced solid growth. Earnings pe

Hi-Tec Takes Next Step in Five-Year Restructuring Plan

February 22, 2006 SGB Executive SGB Update

Hi-Tec Sports PLC is entering it’s fourth year of a five year repositioning strategy. It started in 2002 with the re-branding of it’s Hi-Tec Brand, focusing on the core categories of Outdoor, Golf and Court. Over the next 2 years, this was followed by cen

L.L. Bean To Open Several New Stores In New England

February 22, 2006 SGB Update

L.L.Bean, Inc. plans to open retail stores in three new states, along with significant investments in retail and operations at the home of their corporate headquarters and Flagship Retail Store in Freeport, Maine. The first will open September 2006 in Bur

SportHill Supports LEAD Program

February 22, 2006 SGB Update

SportHill will donate performance athletic clothing to LEAD – Leadership, Education, Adventure, Direction – a teen organization for low-income youth in Lane County Oregon was established in 1998 in partnership with the City of Eugene, OR and Housing and

Rebel Sports Sees Record Profits on 7% Comp-Store Increase

February 21, 2006 SGB Update

Rebel Sport Limited, Australia's largest sporting goods retailer, reported consolidated net profit for the first fiscal half-year, which ended December 31, 2005, was A$12.9 million ($9.7 mm), a A$2.8 million ($2.1 mm) or 28.5% increase on the A$10.1

Thule Full -Year Sales Increase 13.5%; North America Sees Strong Q4

February 21, 2006 SGB Executive

Thule reported sales increased during 2005 by 13.5% to SEK 3.160 billion ($424.7 mm) compared to SEK 2.785 billion ($379.9 mm) last year. Adjusted for currency and acquisition effects, the increase was 6.7%. Thule's Operating profit (EBITA) before on

Customer Satisfaction Index Continues to Climb

February 21, 2006 SGB Executive

In a good sign for consumer spending, customer satisfaction continued a slow and steady climb in the fourth quarter, according to the American Customer Satisfaction Index (ACSI). During the fourth quarter, the ACSI measures customer satisfaction with the

Orange 21 Expects Net Loss for Fiscal 2005

February 21, 2006 SGB Executive

Orange 21 Inc. pre-announced un-audited summary financial information for the year ended December 31, 2005, and gave a preliminary outlook for 2006. Orange 21 anticipates un-audited revenues for 2005 of approximately $39 million, an increase of approximat

Sport Supply Group Narrows Loss and Changes Reporting Dates

February 21, 2006 SGB Executive

Sport Supply Group, Inc. changed its tax and fiscal year-end to June 30, appointed independent auditors for the 2006 fiscal year, and appointed 2 new independent directors. In addition, the Company announced significantly improved results of operations fo

Canoecopia Returns

February 21, 2006 SGB Executive

Canoecopia will return again to the Alliant Energy Center Exhibition Hall on March 10th through 12th, 2006 in Madison, Wisconsin. This annual show is presented by Rutabaga, a paddlesports retailer located in Monona. The educational component of Canoecopi

Hi-Tec Triples U.S. Golf Business

February 21, 2006 SGB Executive

HI-TEC announced a 44.8 % increase in turnover of its golf product for 2005. In the category, HI-TEC International has increased 10 fold; USA has increased 3 fold; South Africa has increased 2 fold with brand new business developed in countries including

REI to Open Third Minneapolis-Saint Paul Area Store

February 21, 2006 SGB Executive

Recreational Equipment, Inc. plans to open a store at the Fountains at Arbor Lakes. in Maple Grove, Minn., in the fall of 2006. The 25,000 square-foot store will employ about 55 full- and part-time staff. REI has 35,000 members within 15 miles of the stor

Lolë Continues U.S. Growth; Binda Promoted to Brand Manager

February 21, 2006 SGB Executive

Following Lolë’s jump-start in the US market and gaining market share in Canada, Coalision has promoted Nathalie Binda, to Lolë Brand Manager. Nathalie Binda will oversee the marketing strategy and product development. She will also work very closely with

Eidolon Golf V-Sole Wedge Sales Increase 250%

February 21, 2006 SGB Executive

Eidolon Golf announces that 2005 sales of its V-SOLE wedges increased by more than 250% over 2004. Terry Koehler, a former Ben Hogan executive and founder of Reid Lockhart Golf, formed Eidolon Golf in late 2001 with a goal of creating a premium golf equip