Head has decided to outsource 90% of its tennis racquet production from its European sites in Kennelbach, Austria and Èeské Budejovice, Czech Republic to China. This move is in response to the sharp rise in the euro-dollar exchange rates over the past two
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
Skechers Q1 Sales Rise 11.2%; Earnings Jump 47%
Skechers USA, Inc. announced financial results for the first quarter ended March 31, 2005. Net sales for the first quarter of 2005 rose 11.2% to $246.2 million compared to $221.5 million in the first quarter of 2004. Net earnings for the quarter were $10.
Brunswick Q1 Earnings Nearly Double On 17% Sales Increase
Brunswick Corporation reported net earnings of $94.6 million, or 96 cents per diluted share, for the first quarter of 2005, up 97.1% from net earnings of $48.0 million, or 50 cents per diluted share, for the year-ago quarter. Results for the first quarter
Greg Norman Collection Posts 20% Sales Increase
Greg Norman Collection announced that its net sales increased 20% in its first quarter ended March 31, 2005. This represents the ninth consecutive quarter of double-digit sales growth for the company. The company also reported improved operating profits f
MSA Recalls Redpoint Descenders
MSA recently became aware of two incidents where climbers using the Redpoint Descender experienced a rapid rate of descent. The company’s initial investigation indicates that under certain use conditions the model of one-way bearing used in some of the de
Wolverine Sees More Balanced Results, But Outdoor Still Driving Growth…
Wolverine World Wide, Inc. got fairly balanced performances from each of their divisions in the first quarter ended March 26, with all groups reporting “solid” revenue growth and double-digit earnings gains for the period, but the Outdoor Group, which inc
Itochu Backs Sims for the Long-Haul…
Sims snowboards is trying to alleviate any confusion and quell rumors surrounding the company’s staying-power. Apparently, the company was receiving reports from their sales reps that retailers were concerned about Sims’ new parent company, Itochu Intern
OR Summer Market Open Air Demo Changes Venue…
The Open Air Demo event that kicks off Outdoor Retailer Summer Market 2005 will be held at a new and much larger location: Willard Bay State Park. Located fifteen miles north of Ogden, Utah, Willard Bay offers 9,900 acres of fresh water for paddling, swim
Lafuma Sees Success on Both Sides of the Pond…
The Lafuma Group is showing some positive results for its fiscal first half-year with a 7.0% increase in total sales to €87.3 million ($113.9 mm), compared to €81.6 million ($98.2 mm) last year. International sales within the group are showing similar res
K2 Takes Q1 Hit on Higher Operating Expenses; In-Line Weakness Hurts Growth…
K2’s diversification seems to be paying off by balancing the seasonality of the different businesses and compensating for any unseasonable weather-related issues that have been plaguing many other manufacturers. Still, the balance didn’t help the bottom l
Timberland Posts Solid Q1, But Sees Slower U.S. Boot Business in Q2 and Q3…
The Timberland Company saw a further shift of its business to the International side of the scale in the first quarter as both reported and constant dollar sales outpaced the domestic gains. The company did get a lift in late season boot sales in the Nor
OIA Follows-Up on Capital Hill…
Outdoor Industry Association’s efforts on Capital Hill last week are producing some tangible results with two separate “dear colleague” letters circulating through the House and Senate urging members of Congress to restore funding to the Stateside Land an
America Bikes is Making Headway with Congress…
America Bikes sent out a legislative update pointing to several key victories. First, the House TEA-LU bill passed on March 10th. TEA-LU includes many key elements of the America Bikes agenda, such as funding for the Recreational Trails program and a new,
Zumiez Prices IPO; Shareholders Will Get 35% of Proceeds…
Zumiez, the 140-door action sports retailer that is gearing up for an Initial Public Offering, filed an amended S-1 with the SEC on Thursday pricing 1.875 million shares in the $15 to $17 per share range. At that range, the IPO would raise between $28.1
LaSportiva Diversifies with Trail Running
According to a recent report by the Leisure Trends Group, La Sportiva, with roughly 45% YTD growth in the category, leads the list of fastest growing Trail Running shoes sold in Outdoor Chain Stores, and similar results in Specialty Outdoor shops…
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