Garmin Ltd. reported revenues in its Outdoor/Fitness segment increased 16% to $71 million in the first quarter. Overall, the company reported total revenues grew 35% to $664 million during the quarter. In North America revenue grew 27% to $411 million…
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Jarden to Fold Stearns into Coleman
Jarden Corp. is dissolving Stearns Inc. and folding it into The Coleman Co. as part of a consolidation that will close one factory and significantly cut employment at another. As part of the restructuring, Jarden will close Stearns’ factory in Grey Eagle,
Swimsuit Controversy Drives Speedo Sales…
Joe Gromek, CEO of The Warnaco Group, said the wild success of Speedo's LZR Racer swimsuit has led to a spike in sales at retail. “Speedo market share, which is already quite high, grew from 62% to 72% in the last quarter. So ten points is tremendous
SGMA Launches Phthalates Web Page…
The Sporting Goods Manufacturers Association expects to post a PowerPoint presentation on its web site early this week with information on how new and pending legislation regulating phthalates will impact the industry starting Jan. 1…
Iconix Sees Huge Growth for OP, Danskin Now, and Starter…
Iconix Sees Huge Growth for OP, Danskin Now, and Starter…
Neil Cole, CEO of Iconix Brand Group, Inc., believes OP, Danskin Now and Starter could generate between $3 billion to $5 billion in annual retail sales “within a few years' time.”…
Volcom Inc. Records Strong Q1 in All Sectors…
Volcom, Inc. shrugged off the sluggish economy to post strong first quarter sales gains, citing the “a powerful brand will sell regardless” ethos. The company is firing on all cylinders as margins expanded, expenses contracted and the bottom line grew in
Volcom Inc. Records Strong Q1 in All Sectors…
Volcom, Inc. shrugged off the sluggish economy to post strong first quarter sales gains, citing the “a powerful brand will sell regardless” ethos. The company is firing on all cylinders as margins expanded, expenses contracted and the bottom line grew in
Volcom Inc. Records Strong Q1 in All Sectors…
Volcom, Inc. shrugged off the sluggish economy to post strong first quarter sales gains, citing the “a powerful brand will sell regardless” ethos. The company is firing on all cylinders as margins expanded, expenses contracted and the bottom line grew in
Pro Hockey Life Acquires Entrepôt du Hockey
Pro Hockey Life Sporting Goods Inc., the hockey superstore concept operating under the Sports Gilbert Rousseau and Pro Hockey Life banners, has completed a private financing round to fund the acquisition of Sports L.G.L. Inc. (“LGL”) in Quebec City, as we
Pro Hockey Life Acquires Entrepôt du Hockey
Pro Hockey Life Sporting Goods Inc., the hockey superstore concept operating under the Sports Gilbert Rousseau and Pro Hockey Life banners, has completed a private financing round to fund the acquisition of Sports L.G.L. Inc. (“LGL”) in Quebec City, as we
Nau to Close Down
Nau, the ambitious Portland-based outdoor retailer, announced Friday it was closing just 14 months after launching. In a statement on its website, the sustainable apparel company blamed tight credit markets. Execs wrote, “At this time, investors are loat
Schutt Partners with Bethlehem Sporting Goods
Schutt Reconditioning, of Easton, PA and a division of Schutt Sports, Inc. has entered into a marketing and distribution agreement with Bethlehem Sporting Goods of Bethlehem, PA. The new partnership will leverage assets of both Schutt Reconditioning and B
Exel Sells Outdoor Business to Karhu
Exel plans to sell the outdoor business of Exel Sports Brands to Karhu Sports, one of the leading Finnish sports equipment manufacturers. Terms were not disclosed. Exel will keep the remaining floorball business and conduct a strategic review of the struc
Baker’s Q4 Comps Drop 6.8%
Bakers Footwear Group Inc. said in its quarterly release that its independent auditing firm cited conditions that raise substantial doubt about whether the shoe retailer can continue as a going concern. The company reported a profit for the fourth quarter
Iconix Forms China Joint Venture
Iconix Brand Group, Inc. announced that it has entered into a definitive agreement to form an equal joint venture with Novel Fashion Holdings Limited (“Novel”), a Hong Kong based company, owned and run by Silas Chou and family. The joint venture company,
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