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%…
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
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
Volcom Q2 Income Slips on 25% Sales Increase…
Volcom, Inc. posted strong sales growth in the second quarter with growth across its sales segments and regions. The cost of getting its new European operations up and running, though, caused net income to decrease compared to the year-ago quarter…
The SportsOneSource Group Expands Team…
In an effort to better service the needs of a growing and divergent client base, The SportsOneSource Group has added three solid industry professionals to its business development team…
Rocky Brands Q2 Revenues Limp Ahead 2.6%; Loss Expands…
Rocky Brands, Inc.'s Q2 sales increased 2.6% to $58.8 million from $57.3 million. A 16.6% increase in retail revenues offset by a 2.7% decrease in wholesale sales. It also showed a steeper loss due to weaker-than-expected wholesale revenues, increase
West Marine Sees Weak Boat Sales in Second Quarter…
West Marine's second quarter earnings managed to beat Wall Street estimates as tight inventory and cost controls offset weak sales. In June, the company had cut its 2007 earnings and sales outlook, citing softness in the Southeast, particularly the k
Sport Supply Group Raises $18.3 Million
Sport Supply Group, Inc. announced it has executed a definitive agreement with an affiliate of Los Angeles-based investment firm Andell Holdings, LLC to sell 1.83 million original issue shares of the company's common stock for $10 per share. The $18.
Total Luxury Group Signs Apparel Licensing Deal for Pony
Total Luxury Group, Inc. signed an exclusive licensing agreement for the Pony label for all men's and young men's apparel products, which covers the United States, Canada and Puerto Rico. Pursuant to the terms of the license agreement, Total Lux
Ralph Lauren Sponsors Sports Team
Polo Ralph Lauren has become the official sponsor of the Black Watch polo team and its star player Nacho Figueras. This is the first move by the apparel company into sponsorship of a sports team, although previous sponsorships include events like the U.S
U.K.’s Sports Direct Lowers Guidance
Sports Direct International Plc, the U.K.'s biggest sporting-goods retailer, said higher interest rates and floods in Britain would cause it to miss estimates for its year ended April 2008. Net income in the year through April 29 fell 40 percent to 3
GSI Commerce Opens Fulfillment Center
GSI Commerce Inc. announced that it recently opened a new, highly automated fulfillment center in Richwood, Ky. At 540,000 square feet, the state-of-the-art center is GSI's largest facility to date. At full capacity, Richwood will ship more than 110,
Texas AandM Signs With Adidas
Texas A&M has signed a sponsorship contract with Adidas, replacing Nike. Terms of the contract weren't disclosed…
Nike Signs Kevin Durant
Sonics forward Kevin Durant signed an endoresment contract with Nike, apparently spurning a higher offer from adidas. According to the Seattle Times, the seven-year, $60 million deal with Nike included a $10 million signing bonus…
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