Adidas Forms JV to Distribute Reebok in South America…
Adidas AG and Brazilian shoe company Vulcabras SA formed a joint venture to sell Reebok-made products in Brazil and Paraguay. Consequently, Adidas raised its 2008 currency-neutral sales guidance fo
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
West Marine Posts $65.7M Loss in Q4…
West Marine reported a Q4 loss of $65.7 million, or $3.00 a share, wider than its year-earlier loss of $12.8 million, or 60 cents a share. Results for the latest quarter include a goodwill charge of $2.25 per share as well as charges of 8 cents per share
Performance, Kids Drive Growth for ECCO in 2007…
Danish footwear maker ECCO Sko A/S broke the $100 million earnings barrier and nearly broke the $1 billion sales barrier in 2007 with strong leadership from its performance collection. The family-owned company said sales of the performance collection grew
The Finish Line Looks Ahead to New Formats and Leaves Genesco Issue Behind…
The Finish Line, Inc. seems to be putting the ugliness of its failed Genesco merger bid behind it and outlined steps it is taking to move its business forward this year…
Li and Fung U.S. Revenues Pass $1 Billion in 2007…
Li & Fung reported its U.S. business passed the $1 billion mark in 2007, achieving the company’s three-year plan. Overall, the company saw turnover of HK$92.5 billion ($11.85 bn) for the year, growth of 36% from 2006, and the largest turnover growth since
Luxottica Reaffirms Outlook for 2008…
Luxottica reiterated its earnings forecast of 1.11 euros to 1.14 euros ($1.70 to $2.05) per share for 2008, the first full year with contributions from the Oakley acquisition. The company paid $2 billion for Oakley last June. Luxottica said Oakley's
A.T. Cross Adds Native Eyewear to its Sunglass Portfolio…
Native Eyewear Inc. was acquired for $18.8 million last week by A.T. Cross Co., which is on a quest to build a $100 million-a-year optics business by 2010. ATX said it had paid $17.8 million in cash and assumed $1 million in short-term debt to acquire Nat
Outdoor Industry MandA Market Heats Up Again…
The M&A market heated up in the outdoor industry again last week as three industry brands changed hands. Gregory Outdoor Products, Teko socks and Native Eyewear all welcomed new ownership, with the first going independent for the first time since its ince
Gregory Strikes Out On Its Own for First Time in 25 Years…
In a deal that may make evoke whines from some outdoor insiders, three Fortune 500 veterans bought Gregory Outdoor Products. The all-cash deal marks the first time the company has been independent since its founder Wayne Gregory sold the business 25 years
Gregory Strikes Out On Its Own for First Time in 25 Years…
In a deal that may make evoke whines from some outdoor insiders, three Fortune 500 veterans bought Gregory Outdoor Products. The all-cash deal marks the first time the company has been independent since its founder Wayne Gregory sold the business 25 years
Founder Leaves Teko as Anatom Ltd. Enters…
Jim Heiden, Teko's CEO and founder, has left the company as Anatom Ltd., its new U.K.-based distributor, acquires a majority stake. Teko's VP of operations, Owen Hammond, has been named general manager in a move to ensure “a smooth ownership tr
And Native Enters Public Eye Under A.T. Cross…
Native Eyewear Inc. was acquired for $18.8 million last week by A.T. Cross Co., which is on a quest to build a $100 million optics business by 2010. Apparently, the numbers finally worked for everyone. ATX said it had paid $17.8 million in cash and assume
Administration Allows
A Bush administration interagency group, meeting earlier this month to discuss a proposal by U.S. Customs and Border Protection to eliminate the “first sale” rule of valuation for imported products, declined to withdraw the controversial plan. Instead, it
Action Sports Chain Adrenalina Plots National Expansion
Adrenalina, a destination retailer designed for extreme sports enthusiasts, announced that it has signed six new lease agreements as part of a national expansion initiative. The leases include premier mall locations in Atlanta, Denver, New York Metropolit
G-III Apparel Sales Climb 21.5%
G-III Apparel Group, Ltd. reported sales rose 30.2% in its fourth quarter ended Jan. 31, to $128.7 million from $98.8 million. Net income improved to $1.07 million, or 6 cents a share, from $518,000, or 3 cents, a year ago…
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