During the second half of 2005, GSI Commerce explored an acquisition, which it decided not to pursue after completing a due diligence effort in December. The decision resulted in a cost of approximately $1.5 million, which added to a provision for income
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
Acquisitions Not Enough for Collegiate Pacific Q2…
Collegiate Pacific saw a 95% increase in sales for the company’s fiscal second quarter be eschewed by several one time charges relating to everything from the termination of the merger with Sport Supply Group to SOX compliance as well as a $555k net loss
Volcom’s Q4 Bottom Line Hurt by Tax Rate Increase…
Volcom, Inc. posted another strong quarter in Q4, but saw Uncle Sam take a major piece of earnings with an increased tax rate as a result of the company’s public stance. During a conference call with analysts discussing the quarterly and annual results,
Watson Laminates Acquired by Tum Yeto Owner…
After 13 years as a customer of Watson Laminates, Tod Swank, founder and owner of Tum Yeto, Inc., has acquired the skateboard deck manufacturer. Charlie Watson will remain on as technical advisor and chairman of the board, along with the loyal and experie
Nike Takes on adidas Over Shox Patent…
In a move that many see as an example of how newly-minted Nike, Inc. CEO Mark Parker plans to protect the company’s core brand, Nike, Inc. last week reported that it had filed a patent infringement suit against adidas-Salomon in the U.S. District Court fo
While Callaway Takes on Titleist at the Core of Its Business…
Callaway Golf is taking its ball business seriously and doesn’t plan to let Titleist sit quietly atop the golf ball market share heap. A company known for aggressively going after counterfeit Pro-V1 product, including the filing of a number of suits in t
Recall: Brass Eagle Blade Turbo…
The CPSC and Brass Eagle announced a voluntary recall of roughly 243,000 “Blade Turbo” paintball markers and the “Paintball Breakout Players Kit.” The carbon dioxide cartridges can be forcibly ejected out of the back of the paintball marker and break th
OR Winter Market is Still The Place to be…
OR Winter Market remains the premier show of the season for any company addressing the backcountry market through hardgoods, technical softgoods, or lifestyle product. The fuel for growth in the industry is clearly shifting to softgoods, though many hardg
Accell Looks for Growth in N.A.
Six months ago, The Accell Group, which is one of Europe’s largest bicycle and parts manufacturers, decided to make its first foray onto U.S. soil by bringing its LaPierre brand across the Atlantic. The experiment apparently worked and now the company has
Play It Again Parent Sees Net Nearly Halved for 2005
Winmark Corporation saw net income for the year ended December 31, 2005 of $2.1 million or 33 cents per share diluted, down 48.6% from net income of $4.1 million or 63 cents per share, in 2004. The fourth quarter 2005 net loss was ($68,600), or (1 cent) p
Nautilus Re-Aligns into Three Business Units…
Nautilus, Inc. has realigned its leadership structure into three separate business units – Fitness Equipment Business, International Equipment Business, and Fitness Apparel Business. At the same time, the company appointed leaders in manufacturing and ope
SnowSports Retailers Continue with Record Year through December…
Both Chain and Specialty ski and snowboard retailers are having one of the best seasons in years, thanks to intermittently strong snow throughout the country and some pent-up consumer demand. With the Olympics fueling this even more, it seems to be the co
Billabong Posts Double-Digit Sales and Earnings Gains in H1
Billabong International Limited saw a 14.7% increase in net profit after tax for the first half of the company's fiscal year. Strong performances in the Americas and Europe, coupled with a solid result in Australasia, lifted net profit after tax to A
Jox Sox Creates Road Rep Force
Jox Sox, Inc. formed a road rep sales force to augment their award winning in-house sales department, naming Roger Gibertson – N.D. and S.D.; Acker Sports Sales – Wis. and Ill.; A.W. Sports, Inc – Miss., La., Ar., Ok. and Tx.; The Rupp., Co.-Fla.; Ken Met
Brine Sponsors Duke’s Men’s Lacrosse Team
The Duke men’s lacrosse team will be the first Division I team to be completely outfitted from head to toe in Brine. When the Blue Devils take the field this season, everything including their helmets, uniforms, protective gear, sticks and footwear are al
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