Ashworth, Inc. saw net revenues for the company's fiscal first quarter ended January 31, 2007 decrease 5.8% to $38.3 million from $40.6 million. In addition, the company posted a net loss of $2.4 million, or 17 cents per diluted share, for the quarte
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
Suunto Names VP and Business Director
Amer Winter & Outdoor Americas has named Matt Kaplan as vice president and business director of Suunto North America. Stepping up from his current position as National Sales Director for Suunto North America, Kaplan brings 12 years of outdoor and action s
Puma Sponsors Red Bull Motorsports Teams
PUMA will become the official supplier for all four Red Bull Motorsport teams: Red Bull Racing, Scuderia Torro Rosso, Red Bull Nascar and Red Bull Air Race. With this new partnership, PUMA will strengthen its position in the motor sport category…
Heelys Posts Triple-Digit Sales Growth for Q4, 2006
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
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%.
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