Nike, Inc. reported that third quarter revenues increased 9% to $3.6 billion from $3.3 billion for the same period last year. Currency exchange rate fluctuations reduced revenue growth by three percentage points. Net income grew 19% to $325.8 million from
Category: Outdoor
GSI Commerce Awarded $3.75 mm in Grants from PA
GSI Commerce Inc. received grants totaling approximately $3.75 million from the Commonwealth of Pennsylvania earmarked for economic development and employee job training. Approximately $3 million of the grants came from the Redevelopment Assistance Capita
Nike and Google Launch Soccer Site
Nike and Google launched Joga.com, a website designed to give Soccer fans the chance to create a global online community for the world’s most popular sport. Available in 14 languages, joga.com (joga means “play” in Portuguese) enables users to create thei
Athletic Footwear Has Watershed Year in 2005…
After nearly a decade of growth that barely kept up with inflation, 2005 was a watershed year for athletic footwear. Total sales were up in the low-teens, or low-singles on a comp basis, the best increase since the mid-90’s. Another note of good news wa
Ralph Lauren Appoints President of Footwear Division
Polo Ralph Lauren Corporation has announced that Aaron Schwartz will join the Company on April 3 as President of Polo Ralph Lauren Footwear, reporting to Jacki Nemerov, Executive Vice President. Schwartz was most recently Global President and Chief Creati
Under Armour Promotes Two; Adds Two…
Under Armour, Inc. promoted two key senior executives and added two to the company's management team in the hopes of effectively positioning the business for long-term growth in both domestic and international markets.
Wayne Marino was promoted to E
Shoe Carnival Puts Strong Year to Bed on Execution of Change in Model…
Shoe Carnival, Inc. is reaping the rewards of the changes they have made to their business model over the last 18 months, changes that have enabled them to take advantage of the improving trends in the footwear business. Management sees the opportunities
Zumiez Inc. Sees 20% Annual Square Footage Growth Continuing; Eyes 800 Doors…
Zumiez finished off its first fiscal year as a public company with some considerable growth in nearly every metric. When the action sports retailer first went public, it stated that its annual goal was 30% earnings growth, 20% square footage growth, and a
All Regions Down for Globe International in H1…
Globe International reported a 9.5% decrease in sales for the fiscal first half to A$98.3 million ($73.9 mm) from A$108.6 million ($79.7 mm) during last year's first half. The company saw EBITDA for the first half decrease 83.1% to A$1.2 million ($0.
Public Companies Provide Deeper Inside Look at Investor Conferences…
New York City was a flurry of activity last week as the latest rush of investor conferences offered investors a fresh look at some of the sporting goods industry’s public companies and some insight on what the future may hold. Among the presentors were Go
Paddlers Celebrate the First Signs of Spring…
Temperatures reaching the high 30’s, melting snow, and later sunsets are subtle indicators spring is on the way. But for thousands of paddlesports enthusiasts the real sign winter has ended is Rutabaga’s Canoecopia event. Held in March for more than 20 ye
SIA Hires New Marketing Firms…
After more than three years and hundreds of projects executed, Factory Design Labs and SnowSports Industries America have parted ways and SIA has hired Siquis Limited and Big Rig Creative as the association's agencies to help implement new marketing
Deckers Welcomes Worley as New Teva President…
Deckers Outdoor Corporation hired Peter Worley as Teva brand president, responsible for all aspects of the Teva brand, reporting directly to President and CEO Angel Martinez. Mr. Worley will replace Carlo Lingiardi, who was injured in a cycling accident i
The Updated Look from Investor Conferences…
Following the flurry of year-end financial reports in the public sector of the Bicycle, Outdoor, and SnowSports industries, many companies headed for New York to attend several different investor conferences. These events give analysts, individual investo
Keen Helps Conservation Alliance Recruit 24 New Members
The Conservation Alliance has recruited 24 new member companies in the last 12 months, meeting a challenge from Keen Footwear to raise $120,000 in new member dues in one year. Keen offered to match the first year's dues of any company that joined the
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