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
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
No Snow. No Hockey. Forzani Forced to Look at Other Options…
The combination of warm winter weather in B.C. and Alberta during critical parts of the selling season, the NHL lockout, and heavy price competition in Ontario caused Forzani to fire off a warning flare to investors. The company reported un-audited sales
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
Deckers Gets Some Nice Oomph! from UGG to Blow Away Q4 Street Estimates…
Deckers trounced every Wall Street forecast for the fourth quarter, due in most part to greater-than-expected deliveries in December, a very strong showing from its UGG brand, higher direct Internet sales, and less close-out business. The company posted
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
Johnson Outdoors will Remain Public…
After over a year of negotiations and analysis, shareholders have decided that Johnson Outdoors will remain a publicly traded company. JOUT last week held a vote at a special meeting of shareholders, looking for a two-thirds vote of the minority sharehol
KIVA Hires New CFO; New Director of International Sales and Marketing
Kiva Designs, Inc. announced that Jeff Kohr will join the company in the Summer of 2005 as CFO. Tom Koenig and Magi Raible, Founders of Kiva, stated that: “Our outlook for the future is very positive and Jeff will be a great addition to the Kiva team. H
No Snow. No Hockey. Forzani Forced to Look at Other Options…
The combination of warm winter weather in B.C. and Alberta during critical parts of the selling season, the NHL lockout, and heavy price competition in Ontario caused Forzani to fire off a warning flare to investors. The company reported un-audited sales
Globe’s Half-Year Revenues Jump 20%
Board Sports and streetwear apparel company Globe International announced that revenues of A$108.5 million ($79.6 mm) for the half year ended December 31, 2004 were an improvement of 20% on the corresponding period last year and that the company remained
Pacific Brands Sees Profits Jump 35.6% for the Half Year
The Pacific Brands group announced a net profit after tax (pre goodwill amortisation) of A$54.1 million ($39.7 mm) for the half year ended December 31, 2004, which exceeded the net profit for the same period last year by 35.6%. This has resulted in earni
US E-Commerce Sales Up 4.7% for Q4
The Census Bureau of the Department of Commerce announced that the estimate of U.S. retail e-commerce sales for the fourth quarter of 2004, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, was $18.4 billi
Paul Sullivan is the New Director of Diamond Sports for Spalding
Paul Sullivan has joined Spalding, a division of Russell Corporation, as Director of Diamond Sports. Sullivan will oversee the overall business management of the Dudley softball business and the company’s baseball business and licensing agreements. He wil
SMS Clothing Hires New Reps
SMS Clothing announced the appointment of two new reps to cover key regions in Canada and the US. Bill Reeves is now covering the Ontario area and Brian Healy is now covering CO, UT, NM, WY…