Excluding an impairment charge, Bob's Stores posted a $3 million operating profit for the fourth quarter versus a loss in the prior-year quarter. Sales advanced 6.7% to $96 million from $90 million. Comps climbed 10%. With the after-tax charge of $5
Category: Footwear
Currie Tech Acquired by PE Firm…
Currie Technologies, the manufacturer of electronic bicycles and scooters, has been acquired by Risk Equity Partners, a Burbank, CA-based investment group. Larry Pizzi, president of Currie Technologies, will continue to run the company, based in Chatswort
Shimano Snaps Up Pearl Izumi…
Pearl Izumi has a new buyer, and it seems to be a better fit this time around. Shimano Inc., the Japanese cycling and fishing gear maker, reached an agreement to buy Pearl Izumi for $69.5 million. Nautilus had put the cycling and running brand on the sell
Avalanche Fatalities Approaching New Highs for Modern Era…
With two weeks still left in February, avalanche fatalities in the U.S. were approaching the winter of 2001-2002, the record for the modern era. The rising death count is renewing concerns over whether the outdoor industry is doing enough avalanche traini
GE Energy Opens eVent Lamination Facility in China
GE Energy has begun taking orders for eVent fabric from Chinese cut-and-sew operations at a new 7,000-square-meter manufacturing and laboratory facility in Shanghai, China. GE built the facility to be closer to customers of its membranes business, includ
Cascade Designs Hires European Sales Manager
Cascade Designs, Ltd., announced that Annette Jansen has joined the company as European Regional Sales Manager. Jansen will take responsibility for specific regions within the European sales team and help support the rapidly growing sales of Therm-a-Rest,
Weyco Group Q4 Profits Up Slightly
Weyco Group Inc. reported slightly higher profits for the fourth quarter, despite flat retail sales and declining U.S. sales of the key Florsheim brand. Net income increased 1% to $7.8 million, or 66 cents per share, compared with $7.7 million, or 64 cen
MacGregor Golf Names Setola CEO
MacGregor Golf Co. named Michael J. Setola as its president and CEO, effective immediately. Setola was most recently president of Oxford Industries, where he was responsible for brands including Oxford, Lanier and Ben Sherman. Additionally, the company an
Heelys SVP Global Sales Resigns
Charles D. Beery plans to resign as Heelys, Inc.'s SVP – Global Sales. According to a filing with the SEC, his resignation will become effective on February 29…
Implus Footcare Launches Hosiery Division
Implus Footcare, LLC, has created a new Hosiery Division. The creation stems from the company’s rapid sales growth under their Sof Sole, Yaktrax and Apara brands. The Hosiery Division’s focus will be to build sock assortment across multiple Implus’ brands
Cabela’s Q4 Sales Rose Twice as Fast as Profits
Cabela's Incorporated said fourth-quarter net income rose 5.4%, or at less than half the rate that sales grew, on a 5.9% decline in same-store sales. Direct-to-consumer revenue increased 3.3% while financial services revenue decreased 1.7%. For the f
Nau to Open 10 Stores in 2008
Nau Inc. plans to open 10 more retail locations in 2008. Plans for new markets include Los Angeles, San Francisco, Denver, Boston and Bethesda. Second stores will be opened in the existing markets of Seattle and Portland, OR. It currently has four doors i
Wolverine Names New Outdoor Exec in Europe
Wolverine World Wide, Inc. appointed Onder Ors to the position of SVP, International for the Outdoor Group. In this new role, Ors will lead all International and European subsidiary operations for the Merrell and Patagonia Brands, which includes the respo
Nexcen’s D’Loren Joins Board of Running Club
NexCen Brands Inc., the parent of The Athlete's Foot, announced that its President and CEO, Robert W. D'Loren, has been appointed to the board of directors for the Achilles Track Club (ATC.) NexCen Brands, Inc. has also committed to donating $25
Teva Will Be Title Sponsor for Mountain Games
Teva has signed a five-year agreement to be the title sponsor for Mountain Games taking place in Vail, Colo. this summer. The seventh annual Teva Mountain Games will take place from June 5–8. The event is expected to draw 2,500 athletes to compete for $10
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