Rebel Sports, Australia’s largest sporting goods retailer, issued a preliminary sales report in January for the first half of 2004-05 (See SEW_0506). In the company’s more recent, fully audited first half financial release, Rebels Sports reported a 4.4% s
Category: Outdoor
PacSun Issues Corrections Due to Lease Accounting
Pacific Sunwear announced that it will correct its accounting for leases after the company's review of the matter and after discussion by management and the Audit Committee of the Board of Directors of the company with Deloitte & Touche, LLP, its ind
Billabong Sees H1 Profit Growth Outpace Sales Gains…
Billabong International, Ltd. saw net profit rise 73% from A$41 million ($28.2 mm) last year to A$70 million ($51.4 mm) for the first half of the 2004/05 fiscal year while EPS lifted 70% to 34 cents per share. Total sales rose 37% to A$419 million ($307.5
SGMA Committed to Fighting Some Bush Budget Cuts that Impact Our Industry…
As SGMA International struggles to shed its image as a Super Show-centric organization and works to redouble its efforts to service the needs of its membership, newly-minted SGMA president and CEO Tom Cove sees real opportunity to build upon his mission o
Ed Andrew Returns to NiteRider as New CEO
Ed Andrew, who was President of NiteRider from January 1996 to December 1999, has returned to the company as the new CEO. Ed left the company on very good terms in 1999 to help launch a small start-up company with a product concept, a small amount of set-
Friedrichshafen OutDoor Show On-Track to Break Records
OutDoor 2005 which takes place from the 21st to the 24th July at the Friedrichshafen showground will break all records in the show’s twelve year history. By February 2005, 360 companies had pre-booked exhibition space which is a 64% increase on last years
Ruff Wear Expands U.S. Sales Force
Ruff Wear is expanding its sales force in North America to meet the needs of customers in both the outdoor retail and specialty pet markets. The new sales representatives augment the sales force currently in place in the US. Fifteen independent sales repr
Apax Partners and SKM Form $1.8 billion U.S. Private Equity Fund
Apax Partners Worldwide LLP is merging its U.S. firm Apax Partners, Inc. with Saunders Karp & Megrue (SKM). As part of the merger, John F. Megrue and Allan W. Karp of SKM have been named co-CEOs of Apax Partners, Inc., and will become members of Apax Par
Mountain Hardwear Names New Marketing Director
Mountain Hardwear announced that Phyllis Grove has been named to the position of Marketing Director. Grove will oversee marketing efforts for the company including strategy, branding, advertising, web, retailer coop programs, consumer and trade promotions
No Snow. No Hockey. Forzani Forced to Look at Other Options…
The combination of warm winter weather in B.C. and Alberta during critical parts of the selling season, the NHL lockout, and heavy price competition in Ontario caused Forzani to fire off a warning flare to investors. The company reported un-audited sales
Unifi Sells Irish Facilities for $37 million
Unifi has entered into three separate contracts that provide for the sale of substantially all of the plant, property and equipment associated with the Company's European manufacturing operations, which ceased October 31, 2004…
US E-Commerce Sales Up 4.7% for Q4
The Census Bureau of the Department of Commerce announced that the estimate of U.S. retail e-commerce sales for the fourth quarter of 2004, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, was $18.4 billi
Spiegel to Reorganize Around Eddie Bauer
Spiegel has proposed to the U.S. Bankruptcy Court for the Southern District of New York a plan in which the business will be reorganized around the Eddie Bauer division of the company, establishing a new parent company, Eddie Bauer Holdings, Inc. Eddie Ba
Pacific Launches Schwinn Branded Motor Scooters
Dorel announced new initiatives by its Pacific Cycle
division aimed at leveraging the strength of its Schwinn brand. Schwinn has launched a new category of four-stroke gas-powered motor scooters. It has also unveiled add-ons to the highly popular Sting-Ra
Accell Group’s Sales Increase 18%; Income Climbs 42%
Accell Group N.V. realised a 38% rise in net earnings per share in 2004. Net profit came in at €13.0 million ($16.2 mm), up 42% from €9.2 million ($10.4 mm) in 2003. Turnover was up 18% at €341.1 million ($424.3 mm), from €289.6 million ($327.9 mm) in 200
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