U.S. sporting goods manufacturers maintained a healthy rate of sales growth while controlling costs and managing assets well. However, a reduction in gross margin attributable to pricing pressure resulted in weaker bottom line results in 2003 compared t
Author: SGB Media
Smith Restructures U.S. Sales Team
Smith Optics has hired Brian Cotsonas as the company’s East Coast regional sales manager. Linda Rodney, who has worked at Smith for several years overseeing national sales, will become the Central regional sales manager and will handle a majority of Smith
The Wait is Over; Footaction Sale to Go Through
Footstar announced the expiration of the waiting period required under the Hart-Scott-Rodino Antitrust Improvements Act in connection with its proposed sale of approximately 350 Footaction stores to Foot Locker, Inc. for $225 million in cash, subject to
High Gear Lands New Rocky Mtn. Reps
Clay Hardin, vice president of sales for HighGear, recently announced the appointment of Kim Miller and Jack Tackle as regional sales and marketing representatives for the company's Rocky Mountain territory. Veterans of the outdoor industry, both Mil
Kelwood Appoints New VP of Int’l Trade Services
Wendy Wieland Martin has been appointed Kellwood vice president international trade services, according to Tom Austin, president of Operating Services Division of
Kellwood. In this new post, Wieland-Martin, most recently director trade services for Kellwo
Gildan Q2 Meets Upper End of Analyst Expectations
Gildan Activewear reported record second quarter net earnings of $14.3 million, or 48 cents per diluted share, up 6.7% from $13.4 million or 45 cents per diluted share in the second quarter of fiscal 2003. Analyst expectations for the quarter were in the
Despite Strong Q1, Columbia Stays Conservative…
Columbia Sportswear Company appears to be as healthy and vibrant as its octogenarian COB Gert Boyle, who was off on a fishing trip in the Florida Keys with some customers, as the company posted yet another robust quarter that saw all key indicators in sal
VF’s Outdoor Coalition Gets More Action and Fashion; New Opportunities Abound…
VF Corporation chairman & CEO Mackey McDonald said the company is “clearly positioning” its Outdoor coalition and VF for “substantial growth” in a release last week and pointed to the results of the most recent quarter and its recent acquisition announcem
Military Keeps Outdoor Afloat at Johnson Outdoors; Watercraft is Stagnant…
Johnson Outdoors reported overall sales and income growth for the second fiscal quarter of 2004, but in reality only two of the four divisions maintained the same profitability levels of last year. Outdoor Equipment and Motors both showed strong sales inc
Sportsman’s Guide Sees Growth Slow…
The Sportsman's Guide sales inched up 1.9% to $44.6 million for the first quarter compared to $43.7 million in Q1 last year. Gross margins slipped 80 basis points, from 32.5% in 2003 to 31.7% in Q1 2004. In spite of the less-than-inspiring sales gro
Huffy Looking for Answers — and Help…
Huffy Corporation shares fell 24.0% last week to close at $2.22 on Friday, a share price that is now down almost 58% since the first of the year and down more than 72% from its 52-week high. The brands acquired through the acquisition of Gen-X that kept
The Consolidation Continues as Spyder and Marmot Deals Likely Soon…
TheDeal.com is reporting that both Marmot Mountain Ltd. and Spyder Active Sports are shopping for new owners. J.P. Morgan Chase and Co. has reportedly been retained by Marmot’s management to solicit potential buyers, while Spyder has retained the joint s
Pacific Cycles Fitting in Nicely at Dorel; Posts 50% of Company Sales Gain…
Total revenues at Dorel for the first quarter of 2004 were up 41.5% to $391.8 million, compared to $276.9 million. Net earnings for the quarter were $19.6 million or 60 cents per share, compared to 19.2 million or 60 cents per share for the first quarter
Rocky Gets Military Lift; Swings to Q1 Profit for First Time in Six Years…
Rocky Shoes and Boots first quarter sales reached a new high this year, jumping 59.1% from $13.8 million last year to 21.9 million this year. Gross margins improved by 50 basis points, from 25.2% last year to 25.7% for Q1 2004. SG&A expenses were $5.3 mil
Amer Group Sees Breakout Quarter…
Amer Group had a breakout quarter in Q1, with currency-neutral sales increasing across all divisions with the exception of Suunto. The divestiture during the quarter of the Tobacco business dropped some additional benefit to the bottom line and now posit
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