Mike Wallenfels, VP of sales and marketing at Mountain Hardwear for the past ten years, has been promoted to president, succeeding Jack Gilbert, co-founder of the company. Wallenfels will begin in his new role on the first of the year, while Gilbert will
Author: SGB Media
David and Goliath… or was that BikeE and Giant…
BikeE and Giant are tangled in a legal dispute over manufacturing contracts, recalls and trade secrets. BikeE was the manufacturer of a semi-recumbent bike and saw some success in the market. According to court documents, BikeE’s sales grew from $523,000
GI Joe’s Sell Equity Stake to Finance Growth…
G.I. Joe’s Sports & Auto Stores has received $11.5 million in equity financing through a deal inked last week with Nogales Investors, a Los Angeles-based private equity firm. The bulk of the financing will be used to finance expansion in the Northwest, w
Dynacraft Hit with $1.4 Million Fine for Recall Delay…
Dynacraft Industries Inc. will have to pay the piper for delaying to report problems with its mountain bikes, agreeing last week to pay $1.4 million to settle allegations that they incompletely and belatedly informed the Consumer Product Safety Commission
When the Customer is Wrong… For Your Business…
While big-box retailer Best Buy operates in a completely different world from the Bicycle Outdoor or SnowSports industries, the company is implementing some radical new strategies that deserve some attention. Under the Guidance of Consultant and Columbia
Dick’s Posts Q3 Net Loss on Galyan’s Integration; Beats Guidance
Dick's Sporting Goods reported net income for the third quarter, excluding merger integration and store closing costs, of $2.9 million, or 5 cents per diluted share as compared to earnings guidance of 3 – 4 cents per diluted share before merger costs
Globe Appoints New VP of Global Marketing
Globe has appointed Michael Marckx to Vice President of Global Marketing. Marckx will oversee the marketing and direction of the Globe and Gallaz brands. Marckx’s appointment is effective immediately. Marckx has over 18 years of experience in all facets o
Accell Boosts Earnings Outlook; Proposes Stock Split
Accell Group N.V. is adjusting its profit forecast upwards. For the full year 2004 the company now expects an increase of earnings per share by at least 30% compared to 2003. The principal reasons underlying this adjustment are solid sales of bicycles, bi
Level Gloves Launches U.S. Company
Level Gloves has established a US based company, Level USA Inc, in Stowe, Vermont. The company was formed in July, 2004. Level is based in Sondrio, Italy, just minutes from the world famous resort of Bormio, sight of the 2005 World Alpine Ski Championship
Brown Shoe Q3 Net Income Falls 11.3%; Cuts Forecast
Brown Shoe Company consolidated net sales for the quarter increased 4.3% to $514.8 million versus $493.4 million for the year-ago quarter. Net earnings declined 11.3% to $18.8 million, or $1.01 per diluted share, from $21.2 million, or $1.13 million per
Redfeather Launches Charitable Donation Program
Redfeather announced its charitable involvement in several
community organizations outdoor programs to endorse active lifestyles and snowshoeing as a sport. With 28% sales growth from last year and increased awareness of
snowshoeing as a sport throughout
Scott USA Hires Price as Product Manager
Scott USA has hired Daryl Price to coordinate products for its U.S. bicycle group. Price brings more than 20 years of experience to SCOTT USA, 10 of those as a professional mountain bike racer, with victories in both World Cup and NORBA National Champion
Wolverine Files Patent Suit Against Harbor Footwear and Kohl’s
In a move to protect the proprietary technology and design of its Merrell(R) footwear brand, Wolverine World Wide, Inc. has filed a patent infringement suit against Harbor Footwear Group and Kohl's, Inc. The federal lawsuit alleges that New York-base
Wallenfels Takes the Reins at Mountain Hardwear
Mountain Hardwear announced that beginning January 1, 2005, Mike Wallenfels will transition to President of Mountain Hardwear. Wallenfels will succeed Jack Gilbert, who has served as President from the Company’s founding in 1993. Gilbert will step down f
Jim Stanley Joins SMS
SMS Clothing has announced the appointment of Jim Stanley as their new sales rep covering the mid-west: MN, WI, IL, ND, SD, MO, IA, KS, NB, and upper MI. Stanley joins this emerging outwear company with five years experience as a rep in the sporting goods
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal