K2 Promotes O’Connor to Nat’l Sales Manager

K2 Snowboards promoted John O’Connor to national sales manager to oversee the brand’s U.S. accounts. Previously O’Connor worked as the snowboard category manager for all K2 SPORTS’ snowboard brands, including K2, Ride, 5150 and Morrow. John has worked in

Yue Yuen Posts 35.8% Profit Increase for Q1

Yue Yuen Industrial Holdings Limited announced its unaudited consolidated results for the three months ended 31st December, 2003. Turnover and net profit increased year-on-year by 5.4% to US$644.7 million and 35.8% to US$93.9 million respectively…

SIA Brings in Two New Staff Members

SnowSports Industries America (SIA) is pleased to announce the hiring of two new staff members to join its growing team. Christine Martinez has been named the new market research manager while Sara Hobbs will assume the position of executive assistant to

Footstar to Close all JFF Stores; Trims Footaction…

Footstar, Inc. filed a motions Friday in U.S. bankruptcy court to close “in the near term” 165 underperforming stores, including all of its 88 Just For Feet stores and 77 of its 429 Footaction stores. The motions included an “emergency” request for autho

Collegiate Pacific Exploits New Opps…

With the acquisition of Tomark Sports at the beginning of the Year, Collegiate Pacific became a vertically integrated company, controlling everything from the manufacturing process to the distribution channels. The company is already leveraging this advan

Specialty Fitness Sees Less Profit…

Overall profitability and productivity in the specialty fitness retail market fell this year according to the NSGA cost of doing business study. Average net operating profit fell 220 basis points to 2.0% in 2003 from 4.2% in 2001. The average return on to

China Expands Share of Sporting Goods Imports in 2003…

U.S. sporting goods imports rose 4.1% to $9.375 billion in 2003 when compared to 2002 according to SGMA International’s analysis of U.S. Commerce department data. Imports have risen 36.2% since 1993.
Total footwear imports declined 1.9% for the year wh

Coastcast Turns the Ship Around

Coastcast is apparently on the way to pulling itself back into the black. The company cut its net loss down by 77.3% from $2.5 million in Q4 last year to just over $0.5 million in this years fourth quarter. Diluted loss per share for the quarter went down