Despite flat retail sales in the fourth quarter and a 2% decline in same-store sales, Weyco Group Inc. said its wholesale and licensing business generated record sales and earnings in 2007. Sales of the Florsheim and Stacy Adams brands grew 5% and 11%, re
Category: Outdoor
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
OIA Adds Chief Lobbyist; Opens D.C. Office…
The Outdoor Industry Association (OIA) opening its Washington, D.C. office and hired Todd Keller to manage the office. Keller will be based at the office, located near Union Station within walking distance of Capitol Hill. Amy Roberts, director of gove
Outdoor/Fitness Unit Rebounds in Q4…
Sales at Garmin Ltd.'s outdoor/fitness segment rebounded nicely in the fourth quarter, growing 43% to $114 million thanks to strong demand for its new Astro dog-tracking products and more sensitive handheld GPS units…
“Leave No Child Inside” Fund Bill Dies in New Mexico Legislature…
A bill aimed at raising nearly $2 million a year in tax revenue to pay for New Mexico's Outdoor Classroom Program died in committee on the last day of the session…
Nordstrom’s Foresees 3% to 5% Decline in Comps in Q1
Nordstrom Inc. reported a decline in gross profit and merchandize margins in the fourth quarter as it strived to align inventory with softening demand. The luxury department store said net fourth-quarter sales were essentially flat with a year ago, while
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
Under Armour to Open Second Store in Chicago Suburb
Under Armour Inc. plans to open its second store in the Chicago suburb of Aurora, IL. The store in the Fox Valley Mall will measure 6,000 square feet. Under Armour began testing its own retail stores in November when it opened a 4,500-square-foot store in
Nike to Sponsor French Soccer Team
The French national soccer team will end its long sponsorship deal with Adidas in 2011 in favor of a $506 million contract with Nike. The French soccer federation said Nike outbid Adidas and French company Airness, promising to pay $63.4 million per year
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
Princeton Ski Shops Closes Down
Princeton Ski Shop, which filed for bankruptcy last November, is liquidating. Going-out-of-business sales are starting this Saturday, February 23, at its four superstores in the NY/NJ metropolitan area…
Singapore Named as First Youth Olympic Games Host
The International Olympic Committee (IOC) has tapped Singapore as the host of the first Summer Youth Olympic Games in 2010. Singapore beat Moscow in the final by 53 votes to 44…
TAF Expands in Sweden and Qatar
The Athlete's Foot has expanded operations to Sweden and Qatar. The company signing a Master Franchise Agreement with TAF Sweden AB. NexCen Brands, Inc., TAF's parent, said the ten-year agreement calls for the development of a minimum of ten sto
Nike Sells Bauer to Roustan and Investor Group
NIKE, Inc. has reached a definitive agreement to sell its Bauer Hockey subsidiary to an investor group led by Kohlberg & Company and Canadian businessman W. Graeme Roustan for $200 million in cash. Nike expects the transaction to be completed before the e
Crocs Extends NBA Licensing Business
Crocs, Inc. has expanded its licensing business with an agreement covering the National Basketball Association. The agreement, which covers both Crocs footwear and Jibbitz charms, allows Crocs to license agreed logos for all 30 NBA teams and related NBA p
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