Fortune Brands reported that first quarter revenues were relatively flat at its Acushnet golf division, which includes the Titleist, Cobra and Footjoy brands, due primarily to the timing of new product launches, which they expect will benefit the second q
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Former Just for Feet Directors Pay $41.5 million in Lawsuit
Five former outside directors of Just for Feet paid $41.5 million over the past six months to settle a lawsuit, in a case likely to fan fears among directors about personal liability for corporate misdeeds. The trustee for Just for Feet's creditors a
Bowling and Billiards Soft for Brunswick in Q1…
Brunswick Corporation saw a 2% decrease in net sales for the first quarter to $1.39 billion from $1.41 billion last year. Overall net earnings from continuing operations for the company were down 53.7% to $34.3 million, or 38 cents per diluted share, from
Sports Gilbert Rousseau Looks Canada-Wide
Sports Gilbert Rousseau, which operates five hockey superstores around Montreal, has formed an investment group with a goal of expanding the concept across Canada. The “category killer” hockey specialty retail chain, as SGR called it in a release, will op
GSI Commerce Narrows loss in Q1; Net Sporting Goods Sales up 36%…
GSI Commerce Inc. cut its Q1 net loss to $2.3 million, or 5 cents per share, from a loss of $4.4 million, or 10 cents, a year ago. Revenues grew 28% to $146.3 million from $114.2 million, driven by a 19% growth in product sales and 66% growth in service
Hanesbrands Q1 Profit Tumbles…
Hanesbrands Inc., the parent of Hanes and Champion, reported relatively flat sales for the first quarter, but profit tumbled 84% as the company continued its transition to a standalone business…
K2 Inc. to be Acquired by Jarden in $1.2 Billion Deal…
Earning season started with a bang this year as Jarden Corporation, the parent company to Coleman, announced that it has signed a definitive agreement to acquire K2, Inc. While the initial reaction from many in the industry was, “WHO is acquiring K2?,” Ja
VF Corp. Leverages Outdoor Strength Again in First Quarter; Gets Majestic Boost…
VF Corporation started 2007 with a strong first quarter due to healthy increases in sales in its Outdoor Coalition and its Imagewear Coalition. While the outdoor brands were boosted by a mix of organic growth and acquisitions, Imagewear was boosted almost
The Timberland Co. Acquires IPATH…
The Timberland Company acquired substantially all of the assets of IPATH, LLC through a new wholly-owned subsidiary, IPATH Footwear Inc. IPATH designs, develops and markets skateboard casual footwear, apparel and accessories and is known as the “greenest”
West Marine Narrows Loss
West Marine Inc. narrowed its Q1 loss to $11.2 million, or 52 cents per share, from a loss of $11.9 million, or 56 cents, a year ago. Revenues sunk 5% to $126.1 million from $132.6 million, with same-store sales down 2.1%. Analysts surveyed by Thomson Fin
Coleman Boosts Profits on Lower Sales in First Quarter…
Jarden Corp.’s net sales for the first quarter increased approximately 4% to $821 million compared to $792 million for the same period last year. Organic growth across all of Jarden’s brands was about 2.5%. Net sales in the Outdoor Solutions segment were
Gander Mountain Launches Clean Energy Promotion…
Gander Mountain launched a program offering free $50 and $20 gift cards to anyone purchasing wind power for their homes for one year with Renewable Choice Energy. The promotion follows its decision in early march of this year to purchase renewable energy
Cabela’s Receives $43 Million from WV Development Bonds
Cabela's Inc. is refinancing the remainder of its economic development bonds related to its Wheeling, West Virginia location. As a result, the outdoor retailer received roughly $43 million from the retirement of these bonds…
Haroutunian Named OR and FFR Show Director…
Nielsen Sports Group promoted Kenji Haroutunian to be the new show director for the Outdoor Retailer trade shows. Haroutunian has been a member of the Nielsen Sports Group team since 1999, most recently as a senior account executive for the Outdoor Retail
Exel Sports Restructures North American Operations…
Exel Plc has appointed Chris Griffin, formerly VP of sales of Exel Sports NA, as president of Exel Sports N.A. He replaces Melissa Cook, the former general manager of North America who left in February…
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