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%.
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
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
Skechers Counter-Sues Asics…
Skechers USA Inc. filed its own suit against Asics Corp. and Asics America Corp. for trade libel after being sued by the rival footwear maker. Skechers accused Asics of trade libel, unfair competition and “tortious interference with prospective economic
Accell Group Benefits From U.S. Expansion in 2006
The Accell Group reported that 2007 fiscal year sales increased 16% to €431.7 million ($559.9 mm) compared to €372.1 million ($463.4mm) last year. Organic growth for the full year came in at 9%. The acquisitions of Seattle Bike Supply and Webena Sport, ad
Spy Optics and Oakley Come to $1 Legal Settlement…
Nearly one year after the legal sparring match between Orange 21 and Oakley began, the two companies have come to a resolution regarding Orange 21’s Spy Optic brand and the now defunct e Eyewear brand. In late February, the two companies entered into a Se
Sports Direct International Goes Public Route…
Sports Direct International PLC, the U.K.’s largest sporting-goods retailer, raised £929 million ($1.82 bn) in an initial public offering after owner Mike Ashley sold a 43% stake in the business. In fiscal 2006, Sports Direct's earnings before intere
Globe International H1 Bottom Line Hurt by Restructure…
Globe International saw effectively flat revenues of A$97.8 million ($73.7 mm) for the first half of fiscal 2007, but managed to double EBITDA to A$2.5 million ($1.9 mm), up from A$1.2 million ($0.9 mm) during last year's half. These results include
RECALLS: Dive Computers, Bicycles
The CPSC and Pelagic Pressure Systems are recalling Oceanic-brand ATOM 2.0 dive computers with serial numbers 1 through 2,079 (Revisions 2E, 3A, and 3B) and AERIS-brand EPIC dive computers with serial numbers 1 through 712 (Revision 1A). In addition, The
Gregory Moves Ahead with New Team and New Ideas…
After Armor Holdings acquired Gregory Mountain Products in January of 2005, the company was left trying to figure out how an outdoor pack brand fit into the broader strategy of a massive military contractors’ holding company. The brand ended up floating i
REI Sees Double Digit Sales and Income 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 — Santa Monica, Calif., Mountain View, Calif., Chula Vista, Calif., Maple Grove
Sunny’s Great Outdoors To Liquidate…
Sunny’s Great Outdoors filed for bankruptcy in early February and is closing the majority of its doors, according to court documents. The Elkridge-MD-based retailer operates 15 stores around the Mid-Atlantic region and employs 150 full-time and part-time
Skram Media Restructures Climbing Magazine…
Shortly after acquiring Climbing Magazine from Primedia, Skram Media has decided to restructure the title and move the primary editorial offices out of their current Carbondale, CO location. The new offices should open in April and will be located in Boul
Blacks Leisure to Close 45 Stores in U.K…
Blacks Leisure will close about 45 unprofitable stores over the next two years. The company made the announcement shortly after it revealed sales will be flat for the 2006 year, which ended at the beginning of February. The retailer said these closures re
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