Gildan Activewear Inc. reported a 26.3% jump in second quarter net sales to $232.1 million from $183.8 million in the second quarter of last year. In addition, the company announced plans for a 2-for-1 stock split while reiterating guidance for the full f
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
Dorel Q1 Sales Flat Despite 7.6% Rec/Lesiure Gain
Dorel Industries Inc. saw revenue for the first quarter total $455.7 million, up slightly from $451.0 million last year. Net income for the first quarter was $27.9 million or 85 cents per diluted share compared with $24.2 million or 74 cents per diluted s
Genesis Agency Focuses on Serving Specialty Running
The Genesis Agency, a sales and distribution program tailored to the specialty running, cycling and outdoor markets will be setting up offices in New York, Chicago and Austin. The Genesis Agency, led by Paul Perrone, the former director of running at Fila
Yakima to Open SoCal Distribution Center
Yakima will open a new distribution center in Riverside, Calif., that will decrease delivery time by 50% for western customers. Retailers can expect a one to two day transit time instead of the previous distribution schedule of four to five days. Yakima
Crocs First Quarter Sales More Than Triple
Crocs, Inc. saw revenues for the first quarter increase 217% to $142.0 million from $44.8 million for the first quarter last year. Net income for the quarter was $24.9 million, or 61 cents per diluted share, compared to $6.4 million, or 17 cents per dilut
Callaway Raises Guidance on 11% Q1 Sales Jump
Callaway Golf Company recorded an 11% increase in net sales for the first quarter to $334.6 million from $302.4 million for the same period in 2006. Fully diluted earnings per share were 48 cents on 68.3 million shares as compared to 33 cents on 70.1 mill
Spyder Signs Footwear License with Catchlight
Spyder Active Sports, Inc. signed a licensing agreement with Catchlight Fashions, Inc. for design, manufacturing, sales and distribution of Spyder-branded footwear. The collection includes men’s and women’s shoes and boots, and children’s boots…
DancinDogg Golf Moves to New HQ
DancinDogg Golf has moved to a new location in Traverse City, Mich. Now headquartered at 1371 Trade Centre Drive in Traverse City, Mich., DancinDogg Golf’s new location includes an expanded warehouse, assembly area, and offices. In addition, the new locat
Shoe Pavilion CFO Leaves For ‘Another Specialty Retailer’
Shoe Pavilion, Inc. accepted the resignation of Bruce Ross, CFO, as he will leave the company to become CFO at another specialty retailer, effective May 30, 2007. Mr. Ross will oversee the preparation of Shoe Pavilion's first quarter Form 10-Q and ha
Hanesbrands to Stop Production at Three D.R. Facilities
Hanesbrands Inc. will cease production at three sewing and assembly operations located in Itabo, Dominican Republic. The company is consolidating sewing production into fewer facilities that are aligned with textile fabric production and can operate more
Joe’s Opens First Idaho Store
Joe’s Sports & Outdoor, formerly G.I. Joe's, will host a grand opening at its new store in Meridian, Idaho, on Thursday, May 3, 2007. This is the first Joe’s Sports & Outdoor location in the state of Idaho…
Garmin Posts Strong Q1 Despite Outdoor Softness
Garmin Ltd. recorded first quarter revenue of $492 million, up 53% from $322 million for last year's first quarter. Automotive/Mobile segment revenue increased 110% to $317 million in first quarter 2007. Outdoor/Fitness segment revenue decreased 5% t
K2/Jarden Deal Faces Shareholder Class Action Suit
K2 Inc. and the members of K2’s board of directors (including two of whom who are executive officers of K2) had been named as defendants in a putative shareholder class action lawsuit concerning the sale of K2 pursuant to the merger agreement with Jarden
Globe Int’l Announces Share Consolidation Plans
Directors of Globe International will host an Extraordinary General Meeting of Shareholders of the company will be on Friday June 1, 2007 in Melbourne. Directors will recommend to shareholders a reduction in the capital base of the company of $32 million
Lotto Sees 2006 Turnover Increase 8%
Lotto Sport Italia S.p.A. closed 2006 with a turnover of €277 million ($348.0 mm), increasing 8% over 2005. Geographically, Italy was up 25%; Europe 43%; America 11%; Asia Pacific area 15%; and Africa 6%. In terms of products, growth was spread across all
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