After announcing that it would be closing its El Progreso, Honduras, sewing facility (see SEW_0430), Gildan Activewear has responded to the Fair Labor Association’s independent audit of the facility. The audit brought up several deficiencies, but did not
Author: SGB Media
GSI Commerce Slows Cash Burn Rate…
GSI Commerce increased second quarter net revenues 28% to $64.7 million compared to net revenues of $50.3 million in the year-ago period. Gross margin improved 500 basis points to 38.8% of sales versus 33.8% in Q2 last year. GSIC narrowed its net loss f
Dick’s Closes Galyans Deal; Plans More Stores…
Dick's Sporting Goods completed its $362 million acquisition of Galyan's on Thursday via a deal structured as a merger. With the 48 Galyans doors, Dick’s now has 221 stores in 32 states which had combined sales of about $2.2 billion in the last
Rocky Q2 Boosted by Military Sales; Sees New Focus on Retail…
Rocky Shoes & Boots benefited not only from their latest military deal, but also from the company’s focused expansion of products in footwear, apparel and Gates gloves throughout the quarter. Overall, Rocky posted a 25.5% sales increase to $27.4 million i
Unifi Makes Progress, but Still Bleeding Red Ink…
Unifi reported that net sales for the company’s fiscal fourth quarter declined 7.0% to $191.7 million compared to net sales of $206.1 million for the prior year. Gross margin was a meager 5.9%, a 270 basis point decline from the 8.6% margins reported last
Spyder Will Move into Summer Market; Sees $300 Million in Five Years…
In a deal that has been in the works for several months now, Apax Partners finalized its acquisition of Spyder Active Sports in a transaction valued at approximately $100 million, including assumption of debt. Apax is one of the largest private equity fu
Johnson Outdoors Looks Ahead…
Johnson Outdoors continued its reliance on Military and Marine Electronics through the third quarter, although some important new programs are being implemented to bring the rest of the company back to higher levels of performance. Total company net sales
Climb High Posts 46% Year-to-Date Sales Increase
Climb High, the U.S. distributor of the Mammut, Raichle, Ajungilak and ToKo brands, continued to see impressive growth for the Mammut brand in the second quarter. After posting a 36% increase in revenue for Mammut in the first quarter of 2004, CEO Bill S
Granite Gear Hires Hundley as New Sales Rep
Granite Gear has hired Clay Hundley as sales representative supporting the South Central U.S. region, including Texas, Louisiana, Arkansas, and Oklahoma. Hundley is the principal of New River Sales based in Houston, Texas…
Indigo Grows Across all Seasons
As Indigo Equipment prepares to introduce several new lines of summer-oriented outdoor gear at the Outdoor Retailer show, the two-year-old company is seeing solid results as its mix of products evolves: As of July, more than half of Indigo’s spring/summer
Johnson Outdoors Income Jumps 48% on 11% Sales Gain
Johnson Outdoors net income for the third quarter was $7.5 million or 85 cents per diluted share, which reflected a 48.0 % improvement in net income over $5.1 million or 59 cents per diluted share earned last year. Increases in total Company net sales —
Unifi Q2 Sales Drop 7%; Net Loss Improves 63%
Unifi reported a net loss of $11.0 million or 21 cents per share for the quarter ending June 27, 2004, compared to a net loss of $30.5 million or 57 cents per share for the prior year June quarter. Net sales for the June quarter of $191.7 million reflect
Dick’s Completes Galyans Acquisition
Dick's Sporting Goods, Inc. has completed its acquisition of Galyan's Trading Company, Inc. by merger. Dick's had earlier announced the successful completion of its tender offer for all of the issued and outstanding shares of the common st
SIA and CDC Sign New Alliance
SnowSports Industries America (SIA) and the US Department of Health and Human Services’ Center for Disease Control and Prevention have inked a new partnership to promote snow sports among kids aged 9-13 through the powerful national VERB™ campaign…
Garmin Second Quarter Sales Jump 32%
Garmin revenue for the quarter increased 32% to $189.7 million from $143.5 million in the year-ago quarter. Net income was $56.3 million, or $0.52 diluted earnings per share, compared to $47.2 million or $0.43 diluted earnings per share in the year-ago q