Exel has decided to incorporate the marketing, sales, logistics and product development operations for its Sport division’s consumer products (Nordic Fitness Sports, floorball and winter sports) into a separate company, Exel Sports Oy. The new company, a
Author: SGB Media
Oakley Promotes Krause and Lane to SVP Positions
Oakley has promoted two company veterans to newly created senior vice president positions. Effective immediately, Kent Lane has been named Senior Vice President of Manufacturing and Sourcing and Jon Krause has been named Senior Vice President of Operation
PRI Enters Discussions with Comcast to Broadcast RSN to Colorado
Prime Rate Investors has entered discussions with Comcast Corporation to establish RSN affiliate broadcast TV stations in Colorado. The state accounts for twenty percent of all U.S. skier days and boasts seven of the nation's ten most visited ski res
G-III’s Q4 Net Loss Shrinks on 10% Sales Boost
G-III Apparel Group fourth quarter net sales increased 10.7% to $38.4 million from $34.7 million during the same period last year. The Company's net loss improved to $2.7 million, or 37 cents per share, for the three-month period, compared to a net l
Nike Fiscal Q3 Net Income Up 36% on a 14% Revenue Increase
Nike reported revenues for the third quarter increased 14% to $3.3 billion, versus $2.9 billion for the same period last year. Third quarter net income totaled $273.4 million, or $1.01 per diluted share, compared to $200.3 million, or $0.74 per diluted sh
Johnson Outdoor Responds to Dolphin Limited Partnership
The Special Committee of the Board of Directors of Johnson Outdoors issued the following statement in response to a letter it received from Dolphin Limited Partnership I, L.P. regarding the Company's proposed merger with JO Acquisition Corp:We bel
American Skiing Company Q2 Revenues Inch-Up; Skier Visits Down
American Skiing Company's consolidated revenue was $106.1 million for the 14 weeks ended January 30, 2005, compared with $103.0 million for the 13 weeks ended January 25, 2004. Net loss for the 14 weeks ended January 30, 2005 was $22.1 million, or 70
Hi-Tec Wins ‘Outdoor Footwear of the Year 2005′
Hi-Tec Sports has been awarded the top footwear prize at this year’s Outdoor Industries Awards Ceremony held in Windermere, U.K. on March 10, 2005. The brand has been officially voted ‘Outdoor Footwear of the Year 2005' at this prestigious event for
Cabela’s Will Open Reno Store in Late 2006
Cabela's is in negotiations to build one of its large-format destination retail stores in Reno, Nevada. Plans call for the 150,000-square-foot outdoor gear superstore to be open by late 2006 or early 2007. It will be similar in size to the Cabela
Eider Inks Deal with Valdez Heli Ski Camps
Eider will outfit the Valdez Heli Camps guides for the 2005/06 season. Founded in 1995 by Matt White, Valdez Heli-Camps is the longest running commercial operation in Alaska and the only Alaskan operator to offer an all inclusive helicopter and snowcat sk
Thule Taps Wyckoff and Hewett; Expands Conn. Facility
Thule has appointed Tripp Wyckoff as its vice president of sales and service and Larry Hewett as western region sales manager. The company has also added over 28,000 square feet to its Connecticut manufacturing and warehousing facility. 25,000 square feet
Cherokee Inks Deal with Roots
Cherokee has signed an exclusive agreement with Roots Canada to represent the Roots brand in the United States. Under the terms of the agreement, Cherokee will engineer strategic retail direct licensing opportunities for Canada's leading athletic lif
Teko Wins Backpacker Editors Choice Award
Teko has been honored as a recipient of a 2005 Backpacker magazine Editors' Choice Award given annually to products in recognition of their innovation in design, materials and/or performance. Backpacker executive editor Jonathan Dorn and his staff of
Minority Shareholder Expresses Concerns Over Johnson Outdoor’s Going Private
Dolphin Limited Partnership-I, L.P., a Stamford, CT. based private investment partnership and an affiliate hold 200,000 shares of Johnson Outdoors, Inc. sent the following letter announcing that it would vote against the JOUT 'going private' tra
Yue Yuen’s Q1 Sales Climb; Profits Shrink
Yue Yuen's sales increased 15.8% year-on-year to $746.4 million and net profit fell 17.9% year-on-year to $77.1 million. However, when not taking into account the $23.4 million contribution from disposal of investment securities for the corresponding
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