Skechers net sales for the third quarter of 2005 rose 5.9% to $272.8 million compared to $257.7 million for the same period in 2004. Third quarter 2005 net earnings were $12.6 million versus net earnings of $6.0 million in the third quarter of the prior y
Author: SGB Media
Greg Norman Collection Q3 Sales Jump 20%
Greg Norman Collection's consolidated net sales increased 19.8% to $20.0 million compared to $16.7 million last year, with a 23% increase in its core golf business for the third quarter ended September 30th. This marks the eleventh consecutive quarte
Brooks Signs 7-Year WIAA Sponsorship
Brooks Sports inked a seven-year sponsorship agreement with the Washington Interscholastic Activities Association (WIAA), making it the exclusive sports apparel and footwear partner of the annual WIAA Cross Country and Track & Field State Championships th
Confluence Sells Trimaran Business
Confluence Holdings completed the sale of the assets of its WindRider trimaran sailing line to WindRider LLC registered in Plymouth, MN on October 7, 2005. Terms of the sale were undisclosed. WindRider LLC has acquired all WindRider assets, including the
POC Named Official Supplier of U.S. Ski Team
POC, a Swedish company producing protection for alpine skiers, was named Official Supplier to the U.S. Ski Team for the coming World Cup and Olympic season. The agreement between POC and the United States Ski & Snowboard Association (USSA) gives POC the r
Orange 21 Revises Guidance on Slow Second Half Sales
Orange 21 expects revenues for 2005 in the range of $41.5 million – $42.5 million, the lower end of initial guidance and fully diluted earnings per share in the range of 5 cents to 9 cents. For the third quarter of 2005, Orange 21 forecasts revenue in the
Orange 21 Acquires Italian Manufacturing Facility
Orange 21 will purchase its Italian manufacturer, LEM S.r.l., subject to certain closing requirements. The transaction is expected to close in December 2005, at which time it is anticipated that LEM will become a wholly owned subsidiary of Orange 21 Inc..
Report: African American Households Spend More on Sports Equipment but Go Out Less
African-American households are cutting back their spending in many categories, including food, clothing and basic household items, while investing more in home repair, home entertainment and consumer electronics. Among the products and services that show
VF Corp.’s Q3 Income Climbs 17% on Outdoor Strength
VF Corporation's third quarter net income increased 17% to $181.9 million from $155.4 million, with earnings per share rising 15% to $1.59 from $1.38. Outdoor business sales rose 14% in the quarter to $521 million from $457 million, with the newly ac
Berta Joins Hi-Tec as Sr. VP of Sales
Hi-Tec Sports USA appointed Bill Berta to the position of Senior VP of Sales. This is a homecoming of sorts for Berta, who previously worked in the role of Hi-Tec National Sales Manager from 1990-1995…
Amer Completes Salomon Acquisition
Amer Sports Corporation's acquisition of the Salomon business and its brands has been seen to completion. The transaction value for the Salomon business segment is expected to be approximately 485 million euros based on year-end 2004 figures. Accordi
Winter Trails Adds New Sponsors
Columbia Sportswear, Sorel and Manzella gloves recently signed on to sponsor Winter Trails, one of the nation’s most extensive “introductory snow sports programs”. The sponsorships also support Winter Trails’ companion program, Winter Feels Good, the nati
Quiksilver Cuts 2006 Earnings Outlook on Accelerated Integration and FX Rates
Quiksilver continues to expect revenues between $582 million and $592 million and diluted EPS of approximately 26 cents to 27 cents for the fourth quarter of fiscal 2005. For FY 2005, the Company reaffirmed its outlook of revenues between $1.73 billion an
Zumiez Shareholders to Sell 1.85 Million Shares
Zumiez filed a registration statement with the Securities and Exchange Commission for a proposed offering of 1,850,000 shares of common stock. Selling shareholders will offer all 1,850,000 shares in the proposed offering, and none of the proceeds will go
Icon’s Q1 Net Loss Increases On Tax and Discontinued Operation Charges
Icon's net sales for the fiscal first quarter ended September 3, 2005 increased 7.1%, to $144.2 million from $134.6 million in 2004. Icon's net loss was $24.8 million in the three months ended September 3, 2005, compared to a net loss in the thr
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