Johnson Outdoors UK announced two new appointments to the sales team. Maurice McGlade has joined the company as an agent for marine electronics for the whole of Ireland. In the UK, Chris King is the new agent for marine electronics for the south coast of
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Timberland Commits to 300 Green Communities
Timberland announced a global commitment to green 300 communities in the next two years, and to plant one million trees by 2010. Over the course of Earth Day 2008, Timberland will complete 160 greening projects in 27 countries from the U.S. to Japan, Spai
Bally Sold to Reimann Group
TPG Inc. agreed to sell Swiss shoe brand Bally International AG to a new luxury venture formed by Germany's billionaire Reimann family, ending a nine-year investment by the U.S. leveraged buyout firm. The family's Joh A. Benckiser SE, which owns
Coach Posts Higher Profit
Helped by higher sales at stores in North America and Japan, Coach said net income in its third quarter ended March 29 rose 8% to $162.4 million, or 46 cents per share, from $150.0 million, or 40 cents per share, a year ago. Net sales for the quarter rose
Hanesbrands Q1 Sales Drops 5%
Hanesbrands Inc., the parent of Hanes and Champion, reported first quarter sales decreased by 5% to $987.8 million from $1.04 billion, reflective of conditions in the retail marketplace. Excluding restructuring actions, earnings per diluted share increase
Shimano Completes Pearl iZumi Purchase
Shimano American Corp. on Monday completed its acquisition of Pearl iZumi from Nautilus for $69.4 million in cash and debt. As a result of the deal, Pearl Izumi will relocate its headquaters to Louisville from Broomfield…
Meade Instruments Divests Sport Optics Brands
Meade Instruments Corp. announced that it has signed and closed separate agreements to divest its Weaver and Redfield sports optics brands to two buyers for cash proceeds of approximately $8 million. The company plans to continue in the sports optics busi
Columbia Signs New Advertising Agency
Columbia Sportswear Company announced it has selected San Francisco-based Butler, Shine, Stern & Partners (BSSP) as its marketing communications strategy agency of record. Butler, Shine, Stern & Partners succeeds Portland-based Borders, Perrin & Norrande
Industry Q4 Retail Hurt by Lack of ‘Must Haves’…
Retailers tracked by Sports Executive Weekly saw a reversal of fortunes in the fiscal 2007 fourth quarter as the ‘must haves’ that drove gains in the prior year period failed to materialize this past Holiday season. While vendors were still capitalizing
Crocs Shares Plummet on Lowered Guidance…
Crocs had a tough week as it fired a warning shot to Wall Street that it would fail to meet its earlier guidance for both the first quarter and the fiscal year. The Street shot back with the company’s stock closing down 43.1% for the week, closing at $10
Wolverine World Wide Ups Earnings Guidance on Merrell’s Strong Performance…
Continued strong performance by Merrell and – to a lesser extent Patagonia – prompted Wolverine World Wide, Inc. to raise its earnings guidance for 2008. The company now expects 2008 earnings per share in the $1.83 to $1.90 range from the company’s previ
Gander Looks to Direct Sales, Footwear for 2008…
Gander Mountain is shifting its investment from brick and mortar expansion and advertising to direct sales, shrinking its recently launched power sports business and dedicating more space to branded outdoor footwear in the wake of plummeting fourth-quarte
BPA Bottles On The Way Out at REI, Nalgene and in Canada…
As Canadian retailers like Forzani and Canadian Tire moved to yank BPA bottles from their shelves, Nalgene said it will phase out production of such products over the next few months Friday. Nalgene said it will wind down production of its Outdoor line of
Canada’s West 49 Posts Q4 Loss…
West 49 posted a net loss of CA $1.2 million ($1.15 million) in the fourth quarter due to sluggish sales and a CA$3.4 million ($3.1 million) pre-tax goodwill impairment charge. Net sales for the Canadian operator of action sports stores increased 0.8% to
JJB Sports to Close 72 Stores…
JJB Sports Plc announced plans to close 72 of its 410 stores and cut 800 jobs while reporting an expected 28.5% slump in fiscal 2007 underlying pretax profit. The U.K.-based sports retailer and health clubs group also revealed a disappointing start to it
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