Sara Lee Corporation will implement a comprehensive transformation plan designed to transform the enterprise into a tightly focused food, beverage and household products company. As a result, the company is pursuing the spin-off of the balance of its appa
Author: sportsoneauthor
Michelle Moorehead is New Nike VP of Global Strategic Planning
Nike announced the appointment of Michelle Moorehead as vice president of global strategic planning, effective immediately. Moorehead succeeds Curt Roberts, who became the vice president and general manager of Nike Vision, Timing and Tech Ventures in May
Oakley Q4 Sales Up 24.5%; Income Jumps 213%
Oakley fourth quarter net sales increased 24.5% to $153.0 million, compared with $122.9 million in the fourth quarter of 2003. Net income for the fourth quarter totaled $10.0 million, or $0.15 per diluted share, a 213% increase compared with $3.2 million,
Garmin Beats Q4 Revenue and Earnings Guidance
Garmin announced record fourth quarter and fiscal year revenue and net income. The company's consumer segment experienced 27% revenue growth during the fourth quarter. Total revenue for the quarter increased 30% to $220.9 million from $170.1 million
Big 5 Q4 Comps Climb 2.6%; Will Restate Earnings
Big 5 Sporting Goods Corporation reported for the 2004 fiscal fourth quarter, net sales increased by 13.4%, to $217.6 million from $191.8 million in the corresponding 13-week fourth quarter of 2003. Same store sales increased 2.6%. Net income increased to
OIA Disappointed in Lack of LWCF Funding
Outdoor Industry Association expressed extreme disappointment today in the President’s recommendation to eliminate funding for the stateside Land and Water Conservation Fund (LWCF) in his proposed 2006 budget. LWCF was created by Congress in 1964. The pro
Sims Snowboards Lands New Licensing Deal
ITOCHU International has inked a licensing agreement with Tom Sims for the worldwide distribution rights of Sims Snowboards, including all snowboard, boots, bindings and outerwear products. Sims’ product, sales, marketing and customer service will remain
InSport Returns to Triathalon After Three-Year Hiatus
InSport International has unveiled a new line of triathlon apparel for the Spring 2005 season. InSport revisited
this product category after recognizing the resurgence of popularity in multisport events as runners and joggers are now looking to expand to
Outdoor Research Inks $1.6 Million Marine Glove Contract
Outdoor Research has signed a $1.6 million contract with the U.S. Marine Corps to produce 80,000 pairs of PS150 Contact Gloves manufactured with Polartec® Power Stretch with X-Static®. The gloves will allow soldiers to conduct precise technical work such
Specialty SnowSports Sales Down 3% Through December
Sales for the entire winter sport market, including specialty and chain stores, were down 1.3% in dollars to $1.33 billion for the August through December period of 2004, compared to $1.35 billion reported last year, according to the SnowSports Industries
SnowSports Chain Stores’ Sales Up 3.2% Season-to-Date
Sales at chain stores were up 3.2% compared to last season. That translates to $298.4 million in sales compared to $289.0 million in 2003. Unit sales were down from last season 14.9%. Overall sales for the entire winter sport market(specialty and chain st
Fisher is New President of Nikwax N.A.; Given Seat on Board
Officials from Nikwax UK have promoted Chas Fisher to President of Nikwax N.A. Hired mid-2004 as General Manager for the wholly owned subsidiary of the U.K. parent company, Fisher has been the principle architect of Nikwax’s brand revitalization in the No
Nikwax Hires New National Sales Manager
Tom Savelle has been hired as the Nikwax N.A. National Sales Manager. Savelle will oversee Nikwax’s sales program in the U.S. and Canada, and play a key role in Nikwax’s expansion into new markets. Savelle was most recently with Montrail as Digital Media
Sporting Goods, Specialty Athletic Footwear, and Family Footwear Drive ASP
The growth of the average price point for all sports footwear in 2004 was attributable to strength in the sporting goods, specialty athletic footwear and family footwear channels of distribution, according to data gathered for “The Sporting Goods Market i
CPSC Causes Confusion over 2003 Rossignol and Dynastar Recall
In response to a CPSC 'recall alert' issued last week, Rossignol has released a statement clarifying exactly which bindings were recalled. Apparently, the CPSC alert concerned a recall which began in December of 2003, and was completed within 60