Matt Mannelly, president and CEO of Cannondale, announced that he will be leaving Cannondale. He has agreed to stay for a transition period until September. Jeff Frehner, president and CEO, of Dorel's Cannondale Sports Group will be assuming all dire
Category: Footwear
Timberland Posts Q2 Loss; Revenues Decline 6.3%
The Timberland Company reported a second-quarter net loss of $18.9 million, or 32 cents a share, versus a loss of $19.2 million, or 31 cents, a year ago. Revenues declined 6.3% to $209.9 million as declines in casual footwear, Timberland brand apparel and
Under Armour Reports 30% Sales Growth for Q2; Raises FY08 Operating Income Outlook
Under Armour, Inc. reported revenues increased 30% in the second quarter to $156.7 million from $120.5 million. in the second quarter of 2007. Second quarter net income dropped 75.4% to $1.4 million, or 3 cents a share, from $5.7 million, or 11 cents, a y
Under Armour Ups Guidance on 30% Q2 Sales Gain
Under Armour, Inc. reported revenues increased 30% in the second quarter to $156.7 million from $120.5 million. in the second quarter of 2007. Second quarter net income dropped 75.4% to $1.4 million, or 3 cents a share, from $5.7 million, or 11 cents, a y
Recall: New England Ropes/Lines
The U.S. Consumer Product Safety Commission and New England Ropes of Fall River, MA. announced a voluntary recall of Maxim Apogee and Maxim Pinnacle Dynamic Climbing Lines/Ropes. While no injuries have been reported, the company is advising consumers to i
Mervyns Files for Bankruptcy
Mervyns LLC filed for Chapter 11 bankruptcy late Tuesday. The mid-tier department store chain said it plans to keep its 177 stores open while they restructure the retailer's debt and “realign” business operations. The retailer said it has identified
Reebok-CCM Hockey Names Sports Mktg VP
Reebok-CCM Hockey appointed Glen Thornborough as VP, sports marketing, effective September 2. Thornborough joins Reebok-CCM Hockey from the ECHL, where he was most recently the senior vice president of m.arketing & business development..
New Balance Partners with Nine West on Shoe Line
Nine West Group, a division of Jones Apparel Group, Inc. and New Balance announced that they have entered into an agreement to license, create and distribute a fashion-lifestyle footwear collection. Terms of the agreement were not disclosed…
New Balance Partners with Nine West on Shoe Line
Nine West Group, a division of Jones Apparel Group, and New Balance announced that they have entered into an agreement to license, create and distribute a fashion-lifestyle footwear collection. Terms of the agreement were not disclosed…
SportsOneSource Sees Growth Returning to Sport Footwear
The SportsOneSource Group expects to see the Sport Footwear business in the U.S. market grow in low-single-digits for 2008, according to statements made during the WSA Show in Las Vegas, NV. James Hartford, chief market analyst for the business informatio
“I Will” Campaign to Launch at OR Summer Market
The Outdoor Foundation is challenging members of the outdoor sporting goods industry to sign a pledge at the OR Summer Market next month in which they promise to take two kids outside at least once in the next year to promote outdoor recreation…
Skechers Sees Q2 Stymied
Skechers USA reported an earnings decline for the second quarter as continued strength overseas wasn’t enough to offset declines in the U.S. business. Costs to open their own stores also dented the bottom line. Results were slightly below a forecast in l
Nautilus Consolidates U.S. Manufacturing and Distribution
Nautilus, Inc. is consolidating its U.S. manufacturing and distribution facilities. Nautilus will close its Tulsa, Oklahoma facilities by the end of 2008 and transfer the manufacturing of their products, principally, to its facility in Independence, VA. T
Sport Supply to Beat Q4 Expectations
Sport Supply Group, Inc. said its fourth-quarter results “appear higher” than the year-ago period and as much as double current consensus analyst expectations for the quarter of 8 cents per share…
Rocky Swings to Profit in Q2
Rocky Brands, Inc. reported that net sales for the second quarter increased 2.9% to $60.5 million from net sales of $58.8 million in the second quarter of 2007. RCKY reported net income of $700,000, or 13 cents per diluted share, compared with a net loss
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