adidas-Salomon AG has closed its acquisition of Reebok International Ltd. providing the new adidas Group with a footprint of around €9.5 billion ($11.8 billion) in the global athletic footwear, apparel and hardware markets. Herbert Hainer is Chairman and
Category: Outdoor
Luxottica Improves Fourth Quarter Top and Bottom Line
Luxottica Group S.p.A. consolidated U.S. GAAP results for the fourth quarter and fiscal year ended December 31, 2005 included consolidated sales of €1,118.8 million (+18.0%). Retail sales were €849.6 million (+15.3%); Retail comparable store sales increas
Lafuma Continues N.A. Growth; Builds War Chest…
The Lafuma Group reported a considerable increase in sales during the company’s fiscal first quarter, mainly due to the recent acquisition of OxBow. Including OxBow, total group sales increased 27.0% to €46.6 million ($55.9 mm) compared to €36.7 million (
Sugoi Names New President…
Stan Mavis has been named president of Sugoi Performance Apparel, a wholly owned subsidiary of Cannondale Bicycle Company. Mavis co-founded Pearl Izumi in the USA and held the titles of president and chairman for 12 years while growing that business to it
Sporting Goods Industry Continues to Evolve…
Last week marked the end of the Super Show, but the biggest news of the week happened outside the confines of Orlando’s Orange County Convention Center South Hall. While the show acted as the backdrop three years ago for the coming Gart/TSA deal that for
Callaway Golf Swings to Profit in 2005 on Stronger Woods and Irons Businesses…
Callaway Golf Company was able to narrow its loss for the fourth quarter and swing to a profit for the year as higher gross margins, lower SG&A costs, and sharply higher sales in Asia combined to soften the impact of weaker golf ball sales and lower sales
Columbia Sportswear Beats Q4 Estimates…
Columbia reported record full year sales and slightly lower earnings than last year, but was able to beat previously issued guidance and analysts’ expectations. Net sales for the fourth quarter were $314.1 million, an increase of 4.1% over the $301.8 mill
Columbia Acquires Montrail…
Columbia management sees opportunities in leveraging sourcing, logistics, and capital strength to develop Montrail in the specialty footwear channel and to expand the brand globally. Columbia will also leverage the performance and fit characteristics that
Johnson Outdoors Sees Military Sales Decline Drag Down Fiscal Q1 Results…
Johnson Outdoors Inc. saw first quarter sales decline primarily due to a considerable decline in military sales in the outdoor equipment division. Excluding the $4.6 million decline in military tent revenues, total company sales would have been up $2.2 mi
Cabela’s Looks to Montreal for First Non-US Store…
Cabela's Inc. is working to bring a retail store to Montreal, Quebec, and the surrounding region. Although planning and discussions are in early stages, Cabela's expects to open the Montreal retail showroom as early as late fall 2007 or spring
LaCrosse Steps Up China Presence with Sourcing Office…
LaCrosse Footwear opened its first sourcing office in Zhong Shan, China, in the heart of the Pearl River Delta manufacturing district. The new China location offers a number of key benefits including: reducing LaCrosse's product development timelines
Sportsman’s Guide Continues to Exceed Estimates…
The Sportsman's Guide, Inc. expects to report consolidated net sales of approximately $285 million and diluted earnings per share in the range of $1.37 to $1.38 for the year ended December 31, 2005, compared with total year 2004 results of $232.5 mil
Kellwood Sells Off Intimates Group
Kellwood completed the sale of its Biflex Intimates Group to Industrial Renaissance. Industrial Renaissance, a private equity firm, based in Fairfield, CT, specializes in buying companies and positioning them for future growth. The existing Biflex managem
BDE Receives Multiple Awards for AvaLung and Fritschi
Black Diamond Equipment Ltd received multiple accolades
for its new AvaLung Ski Packs and the Fritschi Freeride Plus alpine touring ski binding.Specifically, the Black Diamond Anarchist AvaLung Ski Pack and the Fritschi
Freeride Plus won the 2006 European
Johnson Outdoors Fiscal Q1 Hurt by Loss of Military Sales
Johnson Outdoors Inc. saw net sales decline 3.2% to $72.6 million for the first quarter ended December 30, 2005 from $75.0 million for the prior year quarter. The net loss for the period widened a bit to $1.1 million, or a loss of 12 cents per diluted sh