K2 Snowboarding announced that Steve Metcalf is joining its team as Global Marketing Manager. Metcalf was formerly brand director and film producer for Aspen/Snowmass, one of the world’s most recognized mountain resorts…
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Garmin’s Outdoor/Fitness Q1 Sales Climb 13%
Garmin Ltd. reported outdoor/fitness segment revenue increased 13% to $80 million in first quarter 2009 due to ongoing channel penetration and market share gains of its fitness products. But weakness in its automotive segment sent overall sales down 34% t
AAFA Welcomes Consumer Product Safety Announcements
The American Apparel & Footwear Association (AAFA) welcomed the announcement that President Barack Obama intends to nominate a new commission chair and a new commissioner to serve on the Consumer Product Safety Commission (CPSC) and praised the additional
3N2 Signs Galindo as Endorser
3N2, the baseball and softball cleats manufacturer, has come to terms on a multi-year endorsement deal with National Pro Fastpitch (NPF) All-Star and Olympic silver medalist Vicky Galindo. As an official spokesperson, Galindo will endorse 3N2’s full fastp
Smith and Wesson Names VP of Military Programs
Smith & Wesson Holding Corporation, parent company of Smith & Wesson Corp., named Retired Navy Commander David P. Holt as Vice President of Military Programs. Holt will be responsible for all of Smith & Wesson's United States military programs, busin
OIA: March and Q1 Outdoor Sales Decline, Camping Sales Rise
March 2009 retail sales for all core outdoor stores (chain, internet, specialty) combined dropped 5% compared to last March, moving from $369.2 million to $349.8 million, according to the most recent edition of The Outdoor Industry Association (OIA) Outdo
Report: Eddie Bauer in Talks with Potential Buyers
Eddie Bauer Holdings Inc. is in talks with potential buyers including Gordon Brothers Group and Hilco Consumer Capital LLC, sources are telling Bloomberg News. Hudson Capital Partners LLC also may consider a bid, the report said. One of the sources said P
K-Swiss Countersues Puma Over Trademark Infringement Charge
K-Swiss filed a trademark declaratory judgment lawsuit, at the Federal District Court in Los Angeles, against Puma. The lawsuit follows a suit by Puma on May 4 in the U.S. District Court for the District of Massachusetts that accused K-Swiss of selling sn
Broder Bros. Amends and Extends Exchange Offer
Broder Bros., Co. announced that it had amended certain of the terms of its pending private exchange offer for all of its 11.25% senior notes due 2010 to reduce the minimum tender condition to a minimum of $213.75 million in principal amount of the Existi
Cybex Posts Loss on 28% Sales Tumble
Cybex International, Inc., the manufacturer of exercise equipment, said sales for the first quarter of 2009 decreased by 27% to $28.9 million compared to $39.8 million a year ago. The company reported a net loss of $1.4 million, or 8 cents a share, in the
Parent of Gargoyles Posts Loss
FGX International, the parent of Gargoyles, reported sales increased 3% in the first quarter to $61.1 million from $59.2 million a year ago. The net loss was $0.6 million, or 3 cents a share, against net income of $2.2 million, or 10 cents, a year ago. Th
Adidas Q1 Profit Slumps 97%; Plans Cost Reductions
Hurt by higher input prices, currency devaluation effects and restructuring cost, adidas Group reported first-quarter earnings nosedived 97%. Currency-neutral Group sales decreased 6%. Adidas also announced plans to cut regional headquarters in Asia and E
Iconix Acquires Stake in Ed Hardy
Iconix Brand Group, Inc. has acquired a 50% interest in Hardy Way, LLC, the owner of the Ed Hardy tatoo-inspired brand and trademarks. The company paid $17 million for its interest in Hardy Way, comprised of $9 million in cash and $8 million in stock. In
Russell Releases Customer Letter Regarding Labor Allegations
Russell Athletic sent a four-page letter to its retail, team, university, and licensing partners to further explain and defend itself against anti-union and sweatshop allegations from activist groups. In the letter, Gary Barfied, Russell's EVP, wrote
Under Armour Outlines Growth Plans to Shareholders
At Under Armour’s annual shareholder meeting at Baltimore’s ESPN Zone, CEO Kevin Plank said the company plans to be more selective in launching new products, signing new endorsement deals, opening new retail stores and investing internationally in 2009…
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