Heelys, Inc. announced the opening of its European office, Heeling Sports EMEA (SPRL). The new company, based in Brussels, Belgium, will serve as the company's European headquarters and extends Heelys' brand and business development in Western,
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Hillerich and Bradsby Co. Names CFO
Hillerich & Bradsby Co., the makers of Louisville Slugger bats, has announced Allan Klimusko as VP and CFO. Klimusko has 25 years experience in the accounting field, with more than 12 years experience in the sporting goods industry. He previously worked
Reebok to Sell Exclusive Marvel Collection at Foot Locker
Reebok plans to launch a collection of children’s sneakers featuring Iron Man and The Incredible Hulk. The new line of sneakers will be available exclusively at Foot Locker and Kids Foot Locker stores this spring, coinciding with the releases of Marvel St
Sporting Goods Vendors Post Surprising Q4…
In looking at vendor side public companies for the 2007 fourth quarter, the sporting goods industry proved to be surprisingly resilient in an economy that seemed to head further south amid the ongoing credit crisis and subprime lending fiasco. Nonetheless
Disappointed with 2007, Easton-Bell Assures Investors It Has Plenty of Liquidity…
The interim CEO of Easton-Bell Sports Holdings, Tim Mayhew reassured analysts and investors last week that the company has plenty of liquidity, is compliant with its loan covenants, and only replaced its CEO to position the company for a prosperous future
DSW Expects Sharp Drop in First Half 2008 Profits…
DSW Inc. predicted earnings in the first half of 2008 would be “significantly below” the 68 cents per share reported for the first half of 2007. The off-price shoe chain also forecast negative comps for the period. The forecast came as DSW reported that Q
Adidas Forms JV to Distribute Reebok in South America…
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
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
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