Outlast Technologies, Inc. hired Vann Brown as Vice President of Business Development. Brown has been selected to spearhead apparel market development for Outlast in North America. In the last 20 years, Brown has worked in the textile industry in virtuall
Author: SGB Media
Accounting Error Causes Sport-Haley to Restate Earnings
Sport-Haley, Inc. announced that the Audit Committee of the Company's Board of Directors, along with senior management, determined that the statements of operations and cash flows for the quarter ended September 30, 2005, contained an error, which wh
Sport Haley Fiscal Q2 Swings to Profit on 11% Sales Decline
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
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
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
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
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
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
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
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
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
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
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
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
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
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