Phoenix Footwear stated it will not meet previously issued third quarter or full year EPS guidance of $1.00 to $1.10 due to contract and delivery timing delays as well as several other factors, including weather related production delays at the company’s
Author: SGB Media
West Marine Cuts Guidance; Hurricanes Show Minor Impact…
West Marine CEO, John Edmondson, said that slowing consumer spending has caused a shortfall in company sales, causing him to cut guidance estimates for the third quarter and fiscal year. Sales for the third quarter are now expected to be $184 to $185 mill
New Callaway CEO Wants More Time to Assess Business; Suspends Guidance…
New Callaway CEO William Baker, the long-time ELY board member who replaced Ron Drapeau in early August, wants to take a longer look at the business over the balance of the year and is looking for a little room to maneuver before providing any updated sal
Umbro Posts Record H1 Following IPO…
Umbro capitalized on the worldwide growth of the soccer market and key licensed apparel deals to post a 36.4% increase in sales for the first half of 2004 to £94.1 million ($171.5 mm) compared to £68.9 million ($111.1) last year. Umbro said that it had r
Lotto Posts Solid H1 on Soccer Gains…
Lotto is hitched to the rising worldwide popularity of soccer and has posted a strong first half-year with sales increasing 3.1% to €135.1 million ($166.0 mm), compared to €131.1 million ($144.9 mm) in 2003. Direct sales were €95.4 million ($116.1 mm), a
Kryptonite Deals with Lock Issues…
Kryptonite Locks hit a small design glitch that could potentially have serious consequences for the brand. Due to the use of ‘tubular cylinders’ in many of the company’s mid price-point locks allows the locking mechanism to be picked with a plastic pen. S
Riddell Acquires ‘HIT’ Smart Helmet Technology…
Riddell Sports Group has acquired a new ‘Head Impact Telemetry’ system, or HIT, from Simbex LLC. This new technology will allow Riddell to produce a consumer product which monitors and records the severity and incidence of impacts taken by a player via sm
EMU Australia Forms EU Subsidiary…
EMU Australia has former a new subsidiary, EMU Ridge Europe, which will be taking over all EU operations for the brand. The wholly-owned subsidiary will be led by EMU’s new European Managing Director Stefan Dongus who will work directly in conjunction wit
Imperial Headwear Acquired by MGC…
The private equity fund, MCG Global has acquired Imperial Headwear from Arena Brands. Imperial derives approximately 75% of its revenues from the golf industry, where its headwear products are sold in 89 of the top 100 golf courses in the United States, p
Saucony Moves to Keep Key Execs in Fold as Sale Talk Continues…
Saucony Inc. filed papers last week indicating the company entered into retention agreements with several officers as incentives to work through any possible change in ownership of the company. The agreements cover Michael Umana, COO/EVP/CFO; Michael Jepp
Are You Locked in to the Trade Show World of Yesterday?
Now that we’ve come to the close of yet another marathon trade show season, it’s time once again to take a look at the shows as a whole and offer up our observations and thoughts about the potential drivers for the industry…
New Quarter, Same Story: Outdoor Group Drives Wolverine’s Q3 Gains…
Wolverine World Wide saw sales increases at three out of four of its brand divisions in the fiscal third quarter ended September 11 combine with improved profits in all divisions to contribute to the eleventh consecutive quarter of both record revenue and
TNF Hires Real Branding for Interactive Advertising
The North Face has selected Real Branding of San Francisco as the company's Interactive Advertising Media Agency of Record. Real Branding's responsibilities will include: integrated strategy and media planning; research and analysis along with o
Eldorado Climbing Walls Acquires Franklin Climbing Hold Business from BDE
Eldorado Climbing Walls has acquired Franklin Handholds from Black Diamond Equipment, Ltd. Franklin's complete line of climbing handholds will be manufactured and distributed out of Eldorado's headquarters in Boulder, CO. Black Diamond Equipment
Kryptonite’s ‘Bic’ Glitch
Kryptonite Locks hit a small design glitch that could potentially have serious consequences for the brand. It turns out that due to the use of ‘tubular cylinders’ in many of the company’s mid and low price-point locks allows the locking mechanism to be pi