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
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
K2 Sports to Move Warehouse to Seattle…
K2 Sports plans to transition its shipping operations into a warehouse facility adjacent to the company’s new headquarters in Seattle.
K2 began relocating its finance, legal, sales, customer service and operations personnel in September 2006, and with th
SportsOneSource Expands Media Team…
The SportsOneSource Group has expanded its Media Services Group team, adding one additional full-time editor and a west coast ad sales manager, while promoting two key managers to expanded roles.
“We are now in full growth mode with our print and online p
Earth Products Names VP of Marketing
Earth Products has promoted Jeff Taylor to the position of vice president of marketing. Taylor’s duties will include leading the global marketing efforts for all Earth Products brands, as well as new business development and integration…
TYR Sport Extends Australian Licensee Deal
TYR Sport Inc. will continue its relationship with Australian licensee, Acier, for the next five years. In one of the largest competitive swimwear markets in the world, TYR, the company says, has developed into the second largest competitive swimwear bran
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