Johnson Outdoors’ Board of Directors has approved a definitive merger agreement with JO Acquisition Corp., a newly formed entity established by Helen P. Johnson-Leipold, Chairman and CEO of Johnson Outdoors, and members of the family of the late Samuel C.
Author: SGB Media
Watermark Outlines Portland Move…
Watermark made their pending move from Arcata, CA to Portland, OR official, shifting all corporate headquarters functions and the Landsports division north in early 2005, while leaving call center, credit collections, accounts receivable, IT, and HR funct
Columbia Refines EU Strategy; Boosts 2004 Guidance on Stronger Backlog…
Columbia Sportswear continued to log double-digit gains in both net income and sales in the third quarter despite continued softness in the company’s U.S. Outerwear business. COLM said that consumers were shifting away from Outerwear and more toward their
Amer Charges Impact Net Income Line…
Amer Group reported that third quarter net sales declined 6.4% to €278.7 million ($340.8 mm) from €297.9 million ($335.6 mm) in the year-ago quarter. Net sales declined due to the withdrawal from the tobacco business in March. Foreign exchange rate mo
Feuerstein’s Malden Bid Rejected…
Aaron Feuerstein, former owner and CEO of Malden Mills, has made another bid to buy the company back from creditors and its largest shareholder, GE Capital, but the board of directors at Malden has subsequently turned it down. The board’s response has be
White Sierra’s Specialty Retail Initiatives Pay Off…
White Sierra has been targeting specialty outdoor retail accounts with a series of service initiatives over the past few seasons and has seen over 40 new specialty dealers join its retail base nationwide. This is in addition to the over 70 that joined for
Cabela’s Hurt by Gift Card Delay; Still Posts 61% Jump in Q3 Net Income…
Cabela's Inc. saw comp stores sales decline 3.0% in the third quarter versus a comp store sales gain of 4.2% in the year-ago period, due in large part to a delay in the printing and mailing of a promotional gift card. Management estimated that comps
Big 5 Gets Lift from Increased Traffic…
Big 5 Sporting Goods achieved a new milestone last week, opening their 300th store on their way to 309 stores by the end of the year. The new San Diego store joined three others in Q3 and one more since the start of the quarter. BGFV saw the additional
American Skiing Company Sees the West Strong Again…
American Skiing Company boosted its fiscal fourth quarter revenue and income, mainly through real-estate deals at its eastern resorts. Total consolidated revenue was $17.0 million, up 6.9% compared with $15.9 million for the fourth quarter of fiscal 2003.
Phoenix Misses Guidance on Military Sales and Flat Organic Growth…
Led by the acquisitions of Altama Footwear, Phoenix footwear boosted its top-line by 110.9% to reach sales of $23.2 million in the second quarter of 2004. Sales at the Trotters, SoftWalk, H.S. Trask, and Royal Robbins brands generated flat organic growth
OR Highlights Green Companies…
Outdoor Retailer will be launching a new program designed to highlight manufacturers who are taking active steps towards making the outdoor industry more eco-friendly. The new ‘Green Steps’ program is designed to raise awareness on sustainability and show
Cascade Designs Delays Stove Delivery…
Cascade Designs sent out a letter to retailers and media late last week announcing that the company will be delaying the delivery schedule for two of the stoves debuted in August at OR Summer Market. The new MSR two-burner stove and capillary technology s
Garmin Exceeds Guidance Despite Production Snafu…
Garmin saw increased demand for its GPS products in the third quarter of 2004 push sales up 43% to $193.6 million from $135.6 million last year. The company was actually having trouble keeping up its production levels and meeting the demand – which result
PUMA Gets International Lift to Post Record Q3…
PUMA looked to the International markets a bit more in the third quarter to help post another record period, counting on the Americas to deliver a bigger piece of the revenue pie as Europe retail continues to challenge the industry. The company said the b
Skechers Swings to Q3 Profit, But Still Disappoints Street…
Skechers reported solid results for third quarter, swinging to a profit versus a year-ago loss, but the company missed analysts’ expectations by 25%, forcing Wall Street to pull the plug and sending SKX shares down 11.4% for the week to close at $11.04 on