Li & Fung reported its U.S. business passed the $1 billion mark in 2007, achieving the company’s three-year plan. Overall, the company saw turnover of HK$92.5 billion ($11.85 bn) for the year, growth of 36% from 2006, and the largest turnover growth since
Category: Outdoor
A.T. Cross Adds Native Eyewear to its Sunglass Portfolio…
Native Eyewear Inc. was acquired for $18.8 million last week by A.T. Cross Co., which is on a quest to build a $100 million-a-year optics business by 2010. ATX said it had paid $17.8 million in cash and assumed $1 million in short-term debt to acquire Nat
Gregory Strikes Out On Its Own for First Time in 25 Years…
In a deal that may make evoke whines from some outdoor insiders, three Fortune 500 veterans bought Gregory Outdoor Products. The all-cash deal marks the first time the company has been independent since its founder Wayne Gregory sold the business 25 years
And Native Enters Public Eye Under A.T. Cross…
Native Eyewear Inc. was acquired for $18.8 million last week by A.T. Cross Co., which is on a quest to build a $100 million optics business by 2010. Apparently, the numbers finally worked for everyone. ATX said it had paid $17.8 million in cash and assume
Administration Allows
A Bush administration interagency group, meeting earlier this month to discuss a proposal by U.S. Customs and Border Protection to eliminate the “first sale” rule of valuation for imported products, declined to withdraw the controversial plan. Instead, it
Action Sports Chain Adrenalina Plots National Expansion
Adrenalina, a destination retailer designed for extreme sports enthusiasts, announced that it has signed six new lease agreements as part of a national expansion initiative. The leases include premier mall locations in Atlanta, Denver, New York Metropolit
Bikes Belong, Humana Team Up to Pedal Influence
Bikes Belong is partnering with Humana to provide a fleet of 1,000 bicycles to delegates of the Democratic and Republican conventions in Denver and Minneapolis-St. Paul this summer. The cycling advocacy group, said it wants to make the bikes available for
G-III Apparel Sales Climb 21.5%
G-III Apparel Group, Ltd. reported sales rose 30.2% in its fourth quarter ended Jan. 31, to $128.7 million from $98.8 million. Net income improved to $1.07 million, or 6 cents a share, from $518,000, or 3 cents, a year ago…
Win Hanverky Ties ’08 Growth to Chinese Market
Hong Kong-based apparel maker, distributor and retailer Win Hanverky is shifting its focus away from a stagnant U.S. economy and toward China in 2008. At the same time, the company will focus productivity efforts on its Vietnamese manufacturing operations
$54M Goes to Preserving Working Forests
Forest Service Chief Abigail Kimbell today announced the award of $54 million in grants today to permanently protect 35 working forests across 32 states. The Forest Legacy Program is the only federal grant program focused
on the permanent protection of im
Hoax of the Day: General Motors Acquires Specialized Bicycle Components
In the grand tradition of April Fools, the big prank in the sporting goods market was a story claiming General Motors has acquired Specialized Bicycle Components, based in Morgan Hill, CA. SportsOneSource, too, was momentarily fooled…
Mizuno Appoints VP of Sales for Running
Mizuno USA, Inc. has tapped Dave Lambert to take on the role of VP of sales for its Running Division. Lambert is a 10-year veteran of Mizuno, joining the company in 1998 as a territory manager. In 2000, Lambert was promoted to sales manager, where he co
Li and Fung Reports 36% Revenue Jump in 2007
Hong Kong-based global consumer goods exporter Li & Fung Limited reported strong annual results for 2007, well-exceeding the 2005-2007 Three-Year Plan target. At the same time, the company announced its new 2008-2010 Three-Year Plan target of achieving a
NBA Reports Top Ten Jerseys of Last Ten Years
To begin the celebration of its 10th anniversary, the NBA Store in New York City announced the ten most popular jerseys of the past 10 years, since the store opened on Sept. 18, 1998. The list is topped by Michael Jordan, Kobe Bryant and Allen Iverson. A
DSW Reports Fourth Quarter Net Income Drop
DSW Inc. recorded net income of only $1.1 million for the thirteen-week fourth quarter ended February 2, 2008, down sharply from the year-ago net income of $16.6 million for that fourteen-week period. For the fifty-two week fiscal year ended February 2, 2
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