Heelys, Inc. reported a loss of $5.5 million in the fourth quarter. Revenues were only $9.8 million, an 86% tumble from revenues of $71.1 million a year ago. “Our fourth quarter results reflect the ongoing challenge to bring retail inventories more in-lin
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Steve and Barry’s Gains Funding
GE Commercial Finance Corporate Lending has provided a $197 million asset-based credit facility to Steve & Barry’s. The loan will be used for ongoing working capital needs. GE Capital Markets arranged the transaction…
Umbro’s CEO Steve Makin Exits
Nike, Inc. and Umbro announced that Steve Makin, CEO and board member of Umbro Plc, has decided to leave the company. Effective immediately, Makin will be succeeded as president and CEO by Matthew Cook, who most recently was general manager of Nike Italy.
Genesco / Finish Line Merger Comes to a Head…
All eyes will be on New York this week as a federal judge is expected to make rulings that could stamp out litigation over The Finish Line Inc.’s stalled $1.5 billion acquisition of fellow mall shoe retailer Genesco Inc…
Prince Sports Acquires Top Paddle Tennis Brand…
Prince Sports last week announced plans to acquire the platform tennis brand, Viking Athletics. The deal is the first for Prince Sports since Nautic Partners, based in Providence, RI, acquired a majority interest in the tennis brand last July. Details of
K-Swiss Inc. Sees Domestic Turn-Around Falling into 2009; China Labor a Worry…
K-Swiss Inc. continued to see weakness in the U.S. market and may be seeing some chinks in the International business as well. The company had been able to rely on a fast-growing International business to offset the weakness in the Domestic market, but I
Puma AG Sees Growth Slow Again, But U.S. Slow Down Helps Margins…
After years of double-digit growth, Puma AG came back down to earth in 2007, posting weaker growth for the year despite the continued consolidation of former distributors and a growing owned-retail business, thanks in large part to a decline in the U.S. a
Deckers Doubles Fourth Quarter, Full Year Net Income on Sales Growth Trifecta…
Deckers Outdoor Corporation saw its UGG brand continue to drive overall company sales in the fourth quarter as the core boot product remains a winter staple, while newer introductions apparently performed well. In addition to the strength with that fashio
Big 5 Anticipates Negative Comps through 2008…
Big 5 Sporting Goods Corporation’s same-store sales fell 4.7% in the fourth quarter and will do more of the same throughout 2008. The retailer said it expects same-store sales to decline in the low to mid-single-digit range in the first quarter and for th
Globe Sees H1 Sales Improve…
Globe International, like the other Australian businesses with a bulk of sales in the U.S. saw currency exchange rates eat into what would have been strong results for the fiscal first half. The company saw H1 net sales grow 2.8% to $63.6 million, but wou
Speedo Sales Dip 12% in 2007…
Speedo revenues for 2007 fell 12%, or about $30 million, primarily due to a reduction in shipments to clubs. On a positive note, Warnaco, its parent, noted that Speedo's shipments to its team dealer network and sporting goods stores were up 3%, and S
Rocky Brands Hurt by Drop in Hunting Boot Sales…
Rocky Brands Inc.'s Q4 sales increased 2.8% to $72.5 million from $70.6 million as gains at retail offset declines in its outdoor and western footwear divisions. Hunting footwear sales slid 38.2% to $6.8 million from $11.0 million primarily due to a
Head N.V. Sees Winter Sports Again Drag Down Overall Fourth Quarter Results…
Head N.V. ended a tough fiscal year with a tough fourth quarter as sales for both time periods decreased in the low-teens. The company said it was hampered by a sharp downturn in Winter Sports sales caused by the terrible 06/07 winter season that left ret
OBIT: Dennis Charles “O’D” O’Donnell
Dennis Charles O’Donnell passed away due to respiratory failure from ALS, more commonly known as Lou Gehrig’s disease, on February 16, 2008, leaving behind family, friends and business associates, all who knew him as “O’D”…
OIA Launches Political Action Committee…
In a move designed to increase its clout in Washington, Outdoor Industry Association has launched its first political action committee. The PAC will allow the industry to move from giving away plaques and hosting honorary banquets to contributing cold har
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal