Global Brand Marketing, Inc. appointed Martin McDermut to Senior Vice President and Chief Financial Officer. In this position, Mr. McDermut will be responsible for all aspects of corporate accounting and financial management, budgeting and forecasting…
Category: Outdoor
Outdoor and SG Retail Finishes 2005 With a Bang…
Large national outdoor retail chains saw a banner year in 2005, with higher than expected comps that trickled down to the bottom line. The two largest specialty outdoor retailers in the country, REI and L.L. Bean, were able to capitalize on great winter c
adidas Honored as Cannes 2006 Advertiser of the Year
The Organizers of the 53rd Cannes Lions International Advertising Festival have announced that adidas will be awarded the prestigious Advertiser of the Year award, which will be presented to Erich Stamminger, president and CEO of the adidas brand, in hono
Gander Mountain Sees Upside in Slower New Store Growth, Building Private Label…
Gander Mountain managed to impress Wall Street with fourth quarter earnings results that far outstripped previous guidance and consensus estimates. But the hunt/fish/camp retailer is still seeing difficult comparisons to previous performance at many of i
L.L. Bean Sales Hit $1.47 Billion in 2005…
L.L. Bean reported net sales of $1.47 billion for its 2005 fiscal year ended February 26, a 4% increase over 2004 net sales of $1.41 billion. L.L. Bean’s e-commerce site became its primary sales channel for the first time this year, out-stripping brick &
K2 Inc. Profits Hurt by Goodwill Write-Down…
K2 Inc. reported healthy organic growth for the 2005 fourth quarter, but a large write-down related to the company’s goodwill and intangible assets negatively impacted earnings by $253.2 million for the quarter and the year. This charge resulted from K2’
Kellwood Restructuring On-Plan…
Kellwood, parent company to Kelty, Sierra Designs, and Slumberjack showed some positive results for the fourth quarter, in spite of slower sales in its two biggest divisions. However, the company’s “Other Softgoods” division, which houses all of its outdo
Rossignol Deal Makes Europe Quiksilver’s Largest Region; Quik Cuts Fiscal Q2 Guidance…
Quiksilver, Inc. reported a considerable top-line benefit from the Rossignol acquisition during its fiscal first quarter ended January 31 and was able to able to take full advantage of the “lost quarter” effect since Rossignol was not on a quarterly repor
Ashworth Extends Deal with Ryder Cup
Ashworth, Inc. has signed an agreement with Ryder Cup Ltd. to become the Lead Vendor, as well as Official Licensee, at the September 2006 Ryder Cup to be held at the K Club in Ireland. This agreement extends the 14-year relationship between Ashworth, the
Nike and adidas on Same Side in $38 mm Counterfeiting Award…
It seems the two companies are more likely to find themselves in court against each other these days, but a U.S. District Court magistrate in New York made the world’s two largest athletic brands partners of sorts — at least for a day — after recommendi
SIA: Chain SnowSports Sales Climb 10% Season-to-Date
Overall sales for the entire winter sport market, including specialty and chain stores, were up 9% in dollars to $1.8 billion for the August 2005 through January 2006 period, compared to $1.7 billion reported last year, according to the SnowSports Industr
Umbro Swings to Profit in Non-Tournament Year…
Umbro plc was able to swing to a profit in the 2005 fiscal year despite a sharp decline in total revenues and the lack of any key tournaments during the year. Operating earnings before exceptional items inched up 1.3% to £24.5 million ($45 mm), compared
SIA: Specialty SnowSports Retail Sales Climb 8% for Season
High sell-throughs are pointing to strong season-to-date sales and prudent buying by specialty retailers. According to the SIA Retail Audit, alpine skis, integrated systems, snowboards and vests, specifically, are looking at tight inventories through th
The Sportsman’s Guide Starts Playing Team Sports…
The Sportsman’s Guide saw another strong quarter as sales and earnings were up for the both the fourth quarter and the year. During a conference call with analysts, management was also excited about the recently launched BaseballSavings.com and SoftballS
Eastern Skateboard Supply to Distribute Dekline
Dekline footwear has entered into an exclusive distribution deal with Eastern Skateboard Supply. ESS will distribute Dekline footwear for the Eastern region of the United States. Tum Yeto Inc., a 15 year-old vertically-integrated supplier of skateboard pr
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