Garmin Ltd. has signed letters of intent for the proposed acquisition of Puls Elektronik GmbH (“Puls Elektronik”), the distributor of Garmin's consumer products in Austria and Satsignal Equipamentos de Comunicacoes e de Navegacao S.A. (“Satsignal”),
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Timberland Q1 Revenues Rise 1.2%
Timberland reported revenue in the first quarter grew 1.2% to $340.4 million as foreign exchange rate changes, strong gains in SmartWool products and Timberland PRO series footwear and moderate growth in Timberland casual footwear offset declines in boots
Next Inc. Partners with GSI Commerce
Next Inc., which owns several sports licensing businesses, announced that it has signed a new merchandising agreement with GSI Commerce. The company has expanded its distribution to include e-commerce to include www.campustraditionsusa.com, www.rpmsportsu
SIMA Elects New Board
The Surf Industry Manufacturers Association (SIMA) announced that Chad DiNenna, co-founder and director of marketing for Nixon, has been elected as vice president of SIMA. Former vice president, Paul Naude, CEO of Billabong USA, moved to the Senior Advis
Garmin Sees 16% Gain in Outdoor/Fitness
Garmin Ltd. reported revenues in the Outdoor/Fitness segment increased 16% to $71 million in the first quarter. Overall, total revenues in the first quarter were $664 million, up 35% from $492 million in first quarter of 2007…
Big 5’s Q1 Net Plunges 46%
Big 5 Sporting Goods reported first quarter sales fell 1.9% to $212.9 million from $217 million. Same store sales declined 5.1% for the first quarter. Big Five said sales results reflect weakness in the consumer environment, which contributed to a decreas
Joe’s Opens Second Store In Idaho
Joe's Sports & Outdoor will host a grand opening celebration at its new store in Nampa, Idaho, on Thursday, May 1, 2008. The location marks the retailers 30th store and second in Idaho…
Footstar to Cut 130 Jobs
Footstar Inc, which operates the footwear departments in Kmart stores, said it will eliminate 130 jobs, resulting in $4.6 million of charges for severance. In a regulatory filing, Mahwah, New Jersey-based Footstar said it still expects to wind down its bu
Field and Stream Hires Branding Agency
Field & Stream Licenses Co. has secured Graj + Gustavsen (G+G), a New York strategic /creative branding firm, to develop an updated brand platform for the 137-year old brand. G+G recently helped Field & Stream conclude a major license agreement with Dick&
Dick’s Sponsors Little League
Dick's Sporting Goods and Little League Baseball announced that Dick's Sporting Goods has become the Official Sporting Goods Retailer of Little League Baseball and Softball. This sponsorship will give Dick's Sporting Goods the ability to wo
Weyco’s Net Slides 10%
Weyco Group Inc. reported net earnings in the first quarter declined approximately 10% to $5.1 million, or 43 cents a share, down from $5.7 million, or 47 cents, in 2007. Diluted earnings per share were $.43 per share in 2008 down 8.5% from $.47 per share
Adidas Sponsors Indiana
Indiana University announced that the athletic department and adidas have reached an eight-year, $21 million deal to supply footwear and apparel for IU’s 24 varsity sports programs…
Ueberroth Resigns from Quiksilver’s Board
Quiksilver, Inc. announced that Heidi Ueberroth has resigned from its board of directors effective Friday, April 25, 2008. Ueberroth, who joined the Quiksilver board of directors in December 2006, currently serves as President, Global Marketing Partnershi
VF Corp Remains Bullish in Face of Tough Economy…
VF Corp. said it was sticking with its guidance for 2008 after an “exceptionally strong performance” by its outdoor coalition of brands and solid growth of its international and retail business in the first quarter…
Deckers Inc. Gets Q1 Boost from UGG; Ups Full Year Forecast…
Deckers Inc. surged past its original forecast in the first quarter as continued demand of the UGG brand was able to offset slight revenue declines at Teva that were attributed to the later spring and a tough retail environment. The $97.5 million achieve
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