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…
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
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
Columbia Sportswear Beats Q1 Estimates, but Backlog and Europe Disappoint…
Columbia Sportswear Co. saw a small increase in first quarter revenues due primarily from benefits from the weaker U.S. dollar, but there were no such benefits for the bottom line as net income slid nearly 24% for the period versus the prior-year quarter.
Skechers USA Gains in Q1 Driven by International…
The star for Skechers USA Inc. during Q1 was its international segment, which generated high double-digit growth. But the company was also pleased with the 3.5% growth in domestic wholesale net sales despite the soft retail climate. Skecher's key li
Johnson Outdoors Sees Q2 Watercraft Sales Rise…
The chairwoman and CEO of Johnson Outdoors said the company is reviewing its money-losing watercraft business “very closely.” Helen Johnson-Leipold said the emphasis is on finding new opportunities at the business through innovation and cost-cutting…
Oakley’s Q1 Sales Up 15%; Sporting Goods Down…
Luxottica Group said Oakley's Q1 revenues jumped 15%, with double-digit revenue growth in optics and apparel, footwear and accessories businesses. Oakley, which was acquired by Luxottica last year, was led by its O Store retail comps climbing close t
Brunswick Has Tough Q1…
Brunswick Corporation reported sales in the first quarter totaled $1.35 billion, down 3% from $1.39 billion a year ago. Fitness segment sales increased 3% to $149.2 million from $145.0 million on double-digit commercial equipment sales…
Cybex Posts 15% Q1 Sales Gain; Sees Order Slowdown…
Cybex International Inc. reported Q1 sales climbed 15% to $38.8 million. Cardio equipment increased 13% to $20.2 million, strength equipment grew 18% to $16.1 million, and the other category – primarily freight and parts – was up 8% to $3.5 million. Both
Puma’s U.S. Sales Decline in Q1…
Pinault-Printemps-Redoute (PPR) said Puma's sales rose 6.6% in the first quarter ended March 31, to 673 million euros ($1.07 billion). However, sales fell in the Americas due to weakness in the U.S. mall-based business and in footwear…
Delta’s Third Quarter Suffers on Activewear Decline…
Decreased sales from its activewear segment offset gains in the retail-ready business for Delta Apparel in the fiscal third quarter leading the company to post a net loss after a year-ago gain. Sales for the fiscal third quarter ending March 29, 2008 fel
Gildan and Life is Good are Fined for Drawstring Hoodies…
The U.S. Consumer Product Safety Commission (CPSC) said eight firms, including Life is Good and Gildan Activewear, agreed to pay a total of $320,000 to settle allegations that they failed to report to the CPSC that their children's hooded sweatshirts
Mammoth Energy Acquires Sport Technology
Mammoth Energy Group, Inc. said it recently finalized a Letter of Intent (LOI) to acquire Sport Technology, Inc., a maker of action sports and sport technology products. In addition to the Flowboard, Sport Technology also produces gear and accessories, sp
Delta Apparel Swings to a Loss
Delta Apparel Inc. swung to a fiscal third-quarter net loss of $385,000 or 5 cents a share, from a profit of $2.78 million, or 32 cents a share, a year earlier. Sales for the quarter fell 11% to $75.4 million due to lower sales from its activewear busines
Hesse Resigns from VF’s Board
VF Corporation announced that Dan Hesse, president and chief executive officer of Sprint Nextel Corporation, has decided to resign from the VF Board of Directors, effectively immediately, to focus on his business commitments. Hesse, 54, was elected to VF&
New Backwoods Owner Posts Loss
Nitches, Inc., which recently acquired the Backwoods outdoor chain, reported sales increased 13.1% in the second quarter ended Feb. 29, to $16.1 million from $14.3 million a year ago. The San Diego-based company posted a net loss of $1.9 million for the q
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