The CPSC, in cooperation with GSI Commerce, announced voluntary recalls of the about 4,300 of the FS-101 and FS-102 Spartan Sports electric scooters. Consumers should stop using recalled products immediately unless otherwise instructed. The scooters were
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
Orange 21 Income Jumps 60%, Sales Up 22%
Orange 21 announced selected un-audited financial results for the year ended December 31, 2004. The company expects to report net sales for 2004 of approximately $33.5 million, representing a 22% increase over the Company's net sales of $27.4 million
Brunswick CEO Affirmed 2005 Earnings
Brunswick Corp. Chairman and CEO George W. Buckley summarized the company's strategy and reconfirmed its earnings estimates for 2005 while speaking with analysts and investors at a company-sponsored event in Miami. Buckley stated that Brunswick will
Simon King the New President of TrekSta USA
TrekSta USA will expand its marketing and sales efforts in the US and has brought in new senior level management to guide the brand’s full-fledged consumer launch. Simon King has been named to the position of president of TrekSta USA. King said following
GSI Commerce Increases Net Revenues 43%; Net Income 285% for Q4
GSI Commerce Inc. increased its net revenues 43% to $135.8 million and reported net income of $10.6 million, or 25 cents per share, compared to net revenues of $95.2 million and net income of $2.7 million, or 7 cents per share for 2003's fourth fisca
Study Shows Nike Adds Nearly $2 Billion To Oregon Economy
Nike, Inc., in conjunction with Oregon Statehood Day, released the results of a commissioned economic impact study of the company’s operations within the state of Oregon. According to the study, conducted by ECONorthwest, a Portland-based consulting firm,
Puma Sees Apparel and the Americas Drive Gains…
Puma AG reported that consolidated net sales for the 2004 fourth quarter increased 23.8% on a currency-adjusted basis, or up 19.9% in Euro terms to €273 million ($354.1 mm). Footwear sales increased 29.1% on a currency-neutral basis to €175.9 million ($22
Former Execs Plead Guilty in China Kickback Scheme…
Scott Brabson, a former Vans executive, and Jay Rosendahl, a former Columbia Sportswear executive who was consulting for Vans, pleaded guilty last week to four federal charges, admitting they obtained $4.7 million in bribes and kickbacks from Chinese fact
Reebok Launches Biggest Ad Campaign in Ten Years, But Where Have We Heard This Before…
Reebok International looked to excite the market with the ad campaign that is expected to further energize the company’s Rbk brand and strengthen its position with the coveted 12 to 24 year-old consumer base that is responsible for the vast majority of sn
Sara Lee Spinning Off U.S. Branded Apparel Unit…
Wall Street appears to be reacting favorably to the announcement Thursday that Sara Lee Corporation will spin off its branded apparel division and other units. Combined, businesses represent about 40% ($8.2 billion) of the company’s revenues, and focus on
adidas-Salomon Still Looks for Europe Gains in 2005, Nice Boost in 2006…
Herbert Hainer, chairman and CEO of adidas-Salomon, said in an interview with Reuters last week that he expects sales in Europe to increase in single-digits for 2005 despite a dip in order backlog reported at the end of third quarter. Brand adidas generat
Collegiate Pacific Gets Big Lift from Acquisitions to Post Fiscal Q2 Profit…
Collegiate Pacific reported that net sales for the fiscal second quarter ended December 31, 2004 increased 461% to $23.8 million from $4.2 million in Q2 last year.
Net income for the period was $581,000, or 6 cents per diluted share, versus a net loss o
Big 5 Sporting Goods Restatement Casts Shadow Over Solid 2004…
A Big 5 Sporting Goods accounts payable supervisor is at the center of an issue that will cause the retailer to re-state earnings for the years 2000 through 2003, effectively taking the wind out of the sails of BGFV management as they reported another sol
Sport Chalet Gets New Store Lift in Fiscal Third Quarter…
Sport Chalet, Inc. reported a 23.2% increase in net income to $3.8 million, or 53 cents per diluted share, for its fiscal third quarter ended December 31, due primarily to a decrease in SG&A expenses as a percentage of sales which more than offset a sligh
LaCrosse Turns a Corner; 2004 Earnings Jump 165%…
LaCrosse Footwear net sales for the fourth quarter of 2004 were up 5% to $28.7 million compared to $27.3 million in 2003. The Work division’s sales were $15.7 million for the fourth quarter, up 8.3% from $14.5 million last year. The Outdoor division’s sal