ASICS reported 16.7% revenue growth for the first nine months of the year to ¥166.01 billion ($1.42 bn) from ¥142.21 billion ($1.23 bn) for the year-ago period. The company saw strong operating income growth of 14.9% to ¥19.15 billion ($163.5 mm), but onl
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Red Oak to Cease Operations…
Red Oak Sportswear, the maker of licensed sports apparel in College Station, TX, plans to cut 124 jobs as it winds down operations, according to documents filed with the Texas Workforce Commission. The company, a division of Illinois-based Knights Apparel
Mizuno Sees Net Income Drop on Q3 Sales Gain…
Mizuno Corp. saw net sales increase 9.5% for the first nine-months of the year to ¥130.11 billion ($1.15 bn) from ¥118.81 billion ($1.01 bn) in the year-ago period. Gross margins declined 90 basis points to 41.6% of sales from 42.5% last year. Net income
Timberland Posts a Disappointing Year; Timeline for Turnaround Undefined…
The Timberland Company saw the fourth quarter of 2007 as the culmination of “a very challenging and disappointing year” for the company. Weak retail market conditions were cited as an issue that exacerbated fashion shifts away from the brand…
SHOT Show Celebrates 30th Year…
The four-day Shooting Hunting Outdoor Trade Show, sponsored by the National Shooting Sports Federation opened in Las Vegas, NV on Saturday, February 2nd. The 2008 event celebrates the SHOT Show’s 30th anniversary. Segmented into General Shooting & Hunting
LaCrosse To Ship More Winter Boots to Marines…
LaCrosse Footwear, Inc.'s Danner subsidiary received a $900,000 delivery order as part of the Mountain Cold Weather Boot contract awarded by the United States Marine Corps (USMC) in 2006…
Cabela’s Identifies New Store Openings…
Following its lackluster fourth quarter sales report last week, Cabela's said that despite its plan to cut capital spending by 70%, it still plans to open stores in Scarborough, ME and Rapid City, SD, in 2008. Stores scheduled to open in 2009 include
Recall: Trek Girls Bikes…
Trek Bicycle Corp. is recalling approximately 49,000 girls bicycles, because the bike frames may break while in use. Trek has received 13 reports of frames breaking, including four minor injuries. The recalled product is the Trek MT220 girls bicycles mode
Recall: Trek Girls Bikes…
Trek Bicycle Corp. is recalling approximately 49,000 girls bicycles, because the bike frames may break while in use. Trek has received 13 reports of frames breaking, including four minor injuries. The recalled product is the Trek MT220 girls bicycles mode
Magic Now a Three-Day Show…
Magic International has cut back its tradeshow format to a three-day event from its past four-day length. The change in structure came about as a result of both exhibitor and visitor requests. Magic, WWDMagic, Magic Kids and Sourcing at Magic are all affe
Outdoor Coalition Leads VF Corp. to Fifth Consecutive Year of Record Results…
What economic slow down? That might as well be the slogan at VFC Corp., which broke the $7 billion barrier in 2007 and reported its fifth consecutive year of record results. At a time when many apparel companies are backpedaling, VFC surpassed its own bul
Deals are Flowing as Valuations Come Down…
It was a busy and a good week for the outdoor industry with five acquisitions, including two that could help restore the luster of authentic brands hindered in recent years by botched acquisitions. Five deals were done in total and four appear to be legit
Co-Founders Buy Back prAna…
The week's second high-profile deal involved Beaver Theodosakis and his co-founders taking back prAna from Liz Claiborne with help from PE firm Steelpoint Capital Partners in a management led leveraged buyout. prAna was acquired by Liz for $34.4 mil
Co-Founders Buy Back prAna…
The week's second high-profile deal involved Beaver Theodosakis and his co-founders taking back prAna from Liz Claiborne with help from PE firm Steelpoint Capital Partners in a management led leveraged buyout. prAna was acquired by Liz for $34.4 mil
Clock Ticking for Kellwood Shareholders…
Kellwood Company entered into a merger agreement with Sun Capital providing for a prompt merger if Sun Capital's tender offer is successful on February 12. The KWD Board of Directors is now recommending that stockholders tender their shares into the
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