Cressi-sub Buoyancy Compensator Recall

Cressi-sub S.p.A., of Genoa, Italy has recalled approximately 1,000 Cressi-sub Buoyancy Compensators because a slow leak from the shoulder exhaust caused by expansion of the internal cable housing could result in slow deflation. This could impact the dive

Head USA Diving Computer Recall…

Head USA has recalled about 181 SCUBA diving computers. The recall includes the ‘Dacor Darwin Air dive’ computer with serial numbers 3265 through 3415, and the ‘Dacor Darwin Console dive’ computer with serial numbers 8503 through 8592. The computers were

Cannondale Seat Post Recall

Cannondale Bicycle Corp. has announced the recall of roughly 1,480 ‘1-X’ bicycle suspension seat posts that were installed on various 2005 model year Cannondale brand bicycles. The recall involves Lee Chi model 1-X bicycle suspension seat posts. Lee Chi i

PacSun Issues Corrections Due to Lease Accounting

Pacific Sunwear announced that it will correct its accounting for leases after the company's review of the matter and after discussion by management and the Audit Committee of the Board of Directors of the company with Deloitte & Touche, LLP, its ind

Outdoor Industry Focuses on Sustainability…

Declining participation, the obesity epidemic, federal funding, consolidation… There seems to be no end to the list of issues that the Bicycle, Outdoor, and SnowSports industries must deal with. However, judging by the SRO crowd at the Environmental Sust

Accell 2004 Earnings Outpace Sales by Two-to-One Ratio…

The Accell Group is continuing to show strong growth in the European bicycle and fitness market with sales increasing 17.8% to €341.1 million ($424.3 mm) compared to €289.6 million ($327.9 mm) in 2003. Organic sales grew 7% for the year while income jumpe

Huffy Replaces Independent Auditor…

Following efforts by its unsecured creditors to block Huffy’s retention of KPMG, LLP as its independent auditor (see BOSS 0504 & 0506), Huffy has retained Marcum & Kliegman LLP. This new firm has been approved by the bankruptcy court and the Audit Committ

Cannondale Recalls Bike Seats

Cannondale Bicycle Corp. has announced the recall of roughly 1,480 ‘1-X’ bicycle suspension seat posts that were installed on various 2005 model year Cannondale brand bicycles. The recall involves Lee Chi model 1-X bicycle suspension seat posts. Lee Chi i

Eddie Bauer will Become Independent, Public Company…

Spiegel, the bankrupt parent company to Eddie Bauer, has filed a reorganization plan with the U.S. Bankruptcy Court that would give the company’s unsecured creditors, excluding Spiegel Holdings, Inc. and its affiliates, approximately 90% of their claims t

OIA Redoubles Efforts to Help Protect Recreation Areas…

As the climate for public policy and environmental issues heats up, Outdoor Industry Association (OIA) has fired up its commitment and efforts to protect the pristine lands and waterways that are the lifeblood of the outdoor industry—the outdoors themselv