Heely's, Inc. reported a 377% jump in net sales for the fourth quarter to $71.1 million from $14.9 million in the year-ago quarter. Net income jumped 700% over the same period to $11.5 million versus $1.4 million a year ago, with diluted earnings per
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
Payless Adds to ‘House of Brands’ with Collective Acquisition
Payless ShoeSource plans to acquire privately held Collective International, LP. The purchase price is expected to be approximately $91 million, subject to customary purchase price adjustments to reflect the current assets and total liabilities at closing
VF Corp. Majestically Steps Onto the Field…
VF Corp.’s Imagewear coalition made a major splash in the licensed apparel business as it acquired the only pro-league uniform supplier not named Reebok or adidas, picking up Majestic Athletic, Inc. and its related companies. This deal gives VF the licens
Speedo Racks Up Solid Fourth Quarter Results…
Warnaco Group said operating profits in its Swimwear Group fell 18.8% to $13 million from $16 million in Q4 last year as weakness in its designer swimwear segment offset strength at Speedo. Group sales grew 1.3% to $84 million from $83 million a year ago
A Young Life Cut Short
SportsOneSource mourns the loss of a family member. Ben Powell, son of Matt Powell, a long-time sporting goods industry analyst and a founding partner of this newsletter, succumbed to injuries suffered in an automobile accident in Murdo, S.D. He was 21
Deckers Sees All Three Brands Contribute in 2006 Fourth Quarter…
With just over one year as CEO of Deckers, Angel Martinez has managed to turn the company from a holding company with only true one growth brand into a multi-brand platform that is driving double-digit growth in all segments. At the same time, the compan
Head Fourth Quarter Sales and Profits Decline…
Head N.V. echoed the reports coming from other snow sports hardgoods manufacturers during their fourth quarter as winter snow did not materialize until late in the season for Europe, and much of the Northeast and Midwest in the U.S. Fourth quarter net re
Escalade’s Q4 Sporting Goods Revs Up 11% on Acquisitions…
Driven by acquisitions completed in the first half of fiscal 2006, Escalade Inc. said fourth quarter revenues in its sporting goods segment were up 11% in the fourth quarter and 13% in the year. Sales into the mass retail market were relatively unchanged
K2 Sports and Nike Open New Distribution Centers
K2 Sports plans to transition its shipping operations into a warehouse facility adjacent to the company’s new headquarters in Seattle. In other news, Nike, Inc. reached an agreement to acquire a 125-acre land parcel in Memphis, TN, known locally as Northr
NGF: January Rounds Slump…
According to the National Golf Foundation, January rounds played were down nearly 21% on a same-store basis against last year's results. However, NGF noted that January 2006 rounds were up 30% over January 2005 rounds, so the decline is really a retu
Polartec LLC Inks Union Deal…
Polartec LLC, the holding company recently formed in order to acquire the assets of Malden Mills out of bankruptcy, signed an agreement with Unite HERE! union members. The union has approved the terms of a new collective bargaining agreement between Unite
REI Sees Double-Digit Sales and Net Increases in 2006…
REI finished 2006 with strong top-line increases and income out-pacing sales gains. Adding to the company’s 9.5% comp-sales increase for the year, REI opened seven new stores. This brought total sales to $1.18 billion for the year, an increase of 15.6%.
Charges Expand Annual Loss for West Marine…
West Marine, Inc. fourth quarter net sales slipped 0.8% to $123.8 million, compared to net sales of $124.8 million for Q4 last year. Comparable store sales for the period increased 0.2% on top of a 3.9% improvement last year. The net loss for the quarter
Lackluster Q4 Ends Tepid Year for Aldila…
Aldila, Inc. saw sales decrease for both the fourth quarter and the full year, with the bottom line following suit. “Golf equipment sales as a whole were relatively weak in 2006, with driver club units down the most of any category,” said Peter Mathewson,
Nike Launches Tailwind Project at Payless…
Nike Inc. brought out its big guns last week to help launch a new line of women’s performance footwear and accessories brand that will be exclusive to Payless ShoeSource. Soccer stars Brandi Chastain and Hope Solo and world-renowned volleyball player Log
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