The SnowSports Industry launched into the 2004-05 season with solid pre-season sales fueled by good snowfall in the western states, particularly the Sierra. According to the SIA and The Leisure Trends Group, total industry sales increased 3.0% to $323.3 m
Author: sportsoneauthor
The Athlete’s Foot Settles Back into Original Model; Will Shutter Corporate Stores…
As Sports Executive Weekly speculated earlier last week, The Athlete's Foot on Thursday filed for Chapter 11 bankruptcy protection less than one year after a management team led by CEO Bob Corliss acquired the athletic specialty retailer from former
SIA Retail Audit Sees Higher ASP at Chain Stores…
The SnowSports Industry launched into the 2004-05 season with solid pre-season sales fueled by good snowfall in the western states, particularly the Sierra. According to the SIA and The Leisure Trends Group, total industry sales increased 3.0% to $323.3 m
Malden Union Inks Three-Year Contract Deal…
After rejecting Malden Mills “best and final” contract offer last week, the UNITE HERE workers union has voted to accept a new three year contract. The union, which represents roughly 70% of Malden’s workforce, threatened to strike last week because membe
Nikwax Receives Picks Up Honors at U.K. Event…
Nikwax recently received one of the U.K.’s top awards for business, The Queen’s Award for Export Achievement, and was also recently given the International Business award for Language. Both honors speak to the diversity of culture within the company and t
Walden Kayaks Shutters Operations…
Walden Kayaks was informed on November 24th that Banknorth, the company’s principal source of financing, was unable to continue financing and the company would be forced to shut down by 5:00 on the same day. Walden Kayaks President, Jeffrey DeSantis, is h
Lafuma Profits Outpace Sales; Looks at Acquisitions…
The Lafuma Group ended fiscal 2004 with solid sales and profit growth, and a large improvement to the company’s debt-to-equity ratio. Fiscal year sales increased 2.0% to €179.9 million ($219.0 mm) compared to €176.4 million ($191.2 mm). Net profit outpace
Bain Capital Could See 200% Return on Jack Wolfskin…
Bloomberg is reporting that Bain Capital LLC, a Boston-based private equity firm may be ready to sell Jack Wolfskin after owning the company for only two years. Bain acquired German outdoor apparel and equipment manufacturer from Johnson Outdoors in 2002
EPA Reportedly Censororing Opposition to Roadless Rule Changes…
The watchdog group Public Employees for Environmental Responsibility (PEER) is reporting that the EPA is censoring public comments and warnings of its professional staff in its reports on the changes to the Clinton-era roadless rule. The EPA allegedly del
American Skiing Company: Early Indicators Look Good…
The American Skiing Company, parent company to Sugarloaf USA, Killington, The Canyons, and several other ski resorts, reported a strong start to fiscal 2005. First fiscal quarter revenues increased 5.8% to 19.5 million compared to 18.5 million last year.
Vail Still Expects Profitable 2005 Despite Rough Start to Year…
In spite of revenue gains in its mountain and lodging segments and a large increase in lift ticket sales, Vail Resorts net loss for the first quarter of fiscal 2005 widened to ($31.5 million) compared to ($25.4 million) last year. The main cause for the i
REI Receives Honors for Ad…
REI’s ‘It was a Good Day’ ad designed by the Copacino+Fujikado ad agency out of Seattle was recently given honors in AdWeek magazine, saying, “Lifestyle advertising is so much nicer when there aren't people in it. An unpopulated ad makes it easier to
Cabela’s Wins Fort Worth TIF Suit…
Judge Donald J. Cosby of the 67th Judicial District has entered a Judgment validating the creation of a tax increment financing zone by the Fort Worth City Council and authorized the issuance of up to $32 million in bonds to help pay for the development o
Rocky Shoes and Boots in ‘Watershed’ Deal with EJ Footwear Acquisition…
In a deal that has been in the making for several months, Rocky Shoes & Boots will acquire EJ Footwear for $87.7 million in cash plus 484,261 shares of RCKY common stock, which were valued at $10 million at the date of the definitive agreement…
Taiwan Bicycle Exports and Prices Climb
According to the China Economic News Service, Taiwanese bicycle exports increased 7.9% to 2.7 million units for the first eight months of 2004. The export value jumped 18.52% to reach $424 million. Taiwan Bicycle Exporters' Association said that the
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