Nike, Inc. saw fiscal second quarter revenues grow 10% to $3.8 billion from $3.5 billion for the same period last year. Changes in currency exchange rates increased revenue growth by 1 percentage point for the quarter. Net income grew 8% in the quarter to
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
The Finish Line Posts $3 Million Dollar Loss in Quarter Three
The Finish Line, Inc. posted a net loss of $3.0 million for the third quarter, or 6 cents per diluted share, after reporting a net income of $845,000, or 2 cents per diluted share in the same quarter one year ago, Consolidated net sales increased 2.7% to
Nautilus to Move Product Development to Vancouver
Nautilus, Inc. plans to relocate its Louisville, Colo.-based product development facility to the company headquarters in Vancouver, Wash. In addition, the company plans to move its Apparel Division from leased facilities in Broomfield, Colo., into the vac
Golf Galaxy Q3 Sales Gain Slowed by Acquisition Costs
Golf Galaxy, Inc. saw net sales increase 45.1% in the third quarter to $46.1 million from $31.8 million for the same period of the prior fiscal year. Comparable store sales increased 3.8% for the quarter on top of a 6.7% increase in the year-ago period. T
American Skiing Co to Sell Steamboat to Intrawest
American Skiing Company has entered into a definitive agreement to sell Steamboat Ski & Resort Corporation, in Steamboat Springs, Colorado, to Steamboat Acquisition Corporation, an affiliate of Intrawest ULC, for $265 million. The announced sale follows t
MacGregor Names Director of Tour Operations
MacGregor Golf has hired Michael Biviano as Director of Tour Operations. Biviano will be responsible for all initiatives relating to the PGA Tour and will report directly to Blake Schneider, Director of Strategic Projects, MacGregor Golf…
Sierra Designs Names Rep Agency for Southeast
Sierra Designs has hired the Adventure Marketing Group to represent the southeast territory, effective December 18, 2006. Adventure Marketing Group consists of Tom Hammond and Rod Thomas, who will operate as the southeast sales force for Florida, Mississi
Mizuno USA Adds VP of Supply Chain
Saadi Majzoub has joined Mizuno USA, Inc. as the company’s new Vice President of Supply Chain. With over 16 years of supply chain management with global companies such as Adidas, UPS, and KPMG, Majzoub will oversee Mizuno USA’s supply chain and distribut
Split Apparel Names Marketing Director
Split Apparel appointed Brian Garofalow as Marketing Director. After holding management positions at Element Skateboards, Studio411, and Sole Technology, Brian has acquired the necessary tools to build consumer demand for Split Apparel. Brian holds a BS
ECCO USA President Promoted to Director of Americas
Tom Nelson, president of ECCO USA, will be promoted to Regional Director of ECCO Americas as of January 1, 2007. In addition to his ongoing responsibilities as ECCO USA president, Nelson’s new role will include serving as Chairman of ECCO Canada’s Board o
OIA and SIA See Major Victories in 109th Congress…
While many political analysts are comparing the 109th congress to the infamous “Do Nothing” congress during Truman’s Presidency, both OIA and SIA were able to push several important bills through at the last minute. Both organizations have been quite acti
Liquidlogic Joins with Legacy Paddlesports…
Liquidlogic kayaks will merge with another North Carolina-based manufacturer, Legacy Paddlesports. Recently, Liquidlogic moved its production to Legacy’s facility in Greensboro, N.C., making this move to merger a bit of an afterthought. The deal was sig
Paddlesports Associations Cease Merger Talks
Though the Professional Paddlesports Association (PPA) and the Trade Association of Paddlesports (TAPS) spent the past year discussing plans for unifying the two organizations into a single entity to service the Paddlesports industry, the merger will not
Vail Resort’s Q1 Revenues Grow; Seasonal Loss Flat
In its seasonally slow first quarter, Vail Resorts, Inc. saw total revenues increase in the low thirties, but that gain did not translate to the bottom line where the company’s net loss grew for the quarter. First quarter fiscal 2007 total revenues incre
Ski Equipment Sales Out-Pace Snowboard as Retailers Rely on Apparel for Profits…
While many resorts have not seen the record early season snowfall that they experienced last year, most resorts in the Rockies and the Pacific Northwest have been able to open early this year, and it appears that consumers are noticing. During the August
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