Dorel Industries Inc. recorded a 5.3% increase in second quarter net revenues to $459.0 million from $435.9 million for the same period last year. Net income was $10.8 million or 32 cents per diluted share, down 39.7% from $17.9 million or 55 cents per di
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Lacrosse Footwear Sees Outdoor Sales Jump 24% in Q2 …
LaCrosse Footwear reported second quarter sales grew 14% to $24.9 million from $21.8 million. Sales to the outdoor market grew 24% to $11.8 million, reflecting continued penetration into the hunting and rugged outdoor boot markets. Sales to the work mark
Unifi Ousts CEO and Purges Board; Will Close Plant…
Unifi terminated Brian Parke as the chairman, president and chief executive officer of the company, effective immediately. Parke had been president of the company since 1999; CEO since 2000…
Crocs to Get Some New Bite…
Crocs, Inc. has entered into a definitive agreement to acquire the Bite Footwear brand for $1.75 million in cash, plus a potential earn-out of up to $1.75 million based on Bite hitting certain earnings targets over a three-year period. Bite markets and se
ITC Report Gives OIA and SIA Tools in Trade Negotiations
The U.S. International Trade Commission released a report that supports Outdoor Industry Association’s and SnowSports Industries America’s assertion that no commercially viable production of performance outerwear pants and jackets is available in the Unit
FDA Warns Outdoor Retailers of Chili Recall
The U.S. Food and Drug Administration is warning outdoor retailers about Castleberry’s Hot Dog Chili Sauce, Austex Hot Dog Chili Sauce, and Kroger Hot Dog Chili Sauce with “best by” dates from April 30, 2009 through May 22, 2009 due to possible botulism c
Gildan Q3 Earnings Climb on 24.7% Sales Gain…
Gildan Activewear reported Q3 sales jumped 24.7% to $291.6 million from $233.9 million a year ago. The increase was due to $30.5 million of sock sales pursuant to the acquisition of Kentucky Derby Hosiery and an 11.6% increase in unit sales volumes for ac
Sport Supply Group Raises $18.3 Million in Private Equity…
Sport Supply Group, Inc., which recently changed its name from Collegiate Pacific, raised $18.3 million from the private placement of 1.83 million shares. The shares were sold for $10 each to an affiliate of Los Angeles-based investment firm Andell Holdin
Largest Investor Latest to Take Issue with Everlast Sale…
Shortly following a letter sent by Aquamarine Capital Management to the Everlast Worldwide Board challenging the terms of the company’s sale to Sport Direct, the Board received a letter from the company’s largest independent stockholder, Burlingame Asset
Largest Investor Latest to Take Issue with Everlast Sale…
Shortly following a letter sent by Aquamarine Capital Management to the Everlast Worldwide Board challenging the terms of the company’s sale to Sport Direct, the Board received a letter from the company’s largest independent stockholder, Burlingame Asset
L.A. Port Strike Averted…
Port clerks and their employers at the nation's largest port complex tentatively agreed on a new contract last Thursday, preventing a strike at the ports of Los Angeles and Long Beach. The deal with the Office Clerical Unit, Local 63, of the Internat
Sunglass Hut Parent Sees Q2 Sales Rise 8.1%…
Luxottica Group S.p.A., which recently reached an agreement to acquire Oakley Inc., saw Q2 sales increase 8.1% to €1.33 billion ($1.79 bn). Excluding the impact of currency exchange rates, sales increased 12.8%…
Brunswick Has Tough Q2…
Brunswick Corporation saw second quarter net sales decrease slightly to $1.52 billion, down from $1.54 billion a year earlier. Fitness segment sales increased 11% in the quarter to $144.0 million, up from $129.7 million in the year-ago quarter. Operating
Nike Suspends Vick Contract…
Nike has suspended Michael Vick’s contract without pay, and will not sell any more Michael Vick product at Nike owned-retail at this time…
GSI Q2 Loss Widens on 10% Sales Gain…
GSI Commerce Inc. posted double-digit net revenue growth in the second quarter on the strength of new partners and increased service fees. Sporting Goods sales grew in the low– to mid-teens in the quarter, though slightly off the pace of past periods, wi
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