U.S. imports of core market 20-inch wheel and larger bicycles in 2012 returned to the pre-recession level of 13 million units generating $1.4 billion in cost, or FOB value, according to the Gluskin Townley Group…
Category: Outdoor
Billabong Posts Steep Loss After Charges in Six Months
Billabong International Ltd. reported a net loss in the its first half ended Dec. 31 of Australian $536.6 million ($553.4 mm). The result was impacted by A$567.0 million ($584.7 mm) of significant items, including A$427.8 million ($441.2 mm) non-cash impa
Burton Founder Cites Record January Sales to Argue Sport Is Alive and Well
Burton Snowboards Founder Jake Burton is speaking out on the future of snowboarding following a negative article in The New York Times and other media. While Burton is a private company that usually does not release financial information, Burton noted tha
Nordstrom Turns in Impressive Fourth Quarter Comps
Nordstrom, Inc. reported that total company same-store sales increased 6.3 percent in the fourth quarter ended February 2, 2013 compared with the same period in fiscal 2011. Nordstrom same-store sales, which consist of the full-line and Direct businesses,
U.S. Anti-Doping Agency Exec to Address Bicycle Leadership Conference
U.S. Anti-Doping Agency (USADA) Chief Operating Officer John Frothingham will speak at the upcoming 2013 Bicycle Leadership Conference about how companies within the industry can work together to ensure that competitive cycling is free of performance enha
HanesBrands Supports the United Way
HanesBrands, the parent of Champion, and its employees raised $2.22 million for the United Way of Forsyth County, exceeding its goal for the 2012 campaign…
Pro Feet Founder Receives Duke Energy Award
Russell Wilson, founder of Pro Feet, was awarded the Duke Energy Citizenship and Service Award at the Alamance County Chamber of Commerce annual dinner on Jan. 24…
Patagonia Founder to Receive 2013 Inamori Ethics Prize from CWRU
Case Western Reserve University will award the Inamori Ethics Prize to the founder of Patagonia Inc., Yvon Chouinard. Chouinard's integrity as a business leader and lifetime commitment to corporate social responsibility…
West Marine Turns in Comps Growth of 3.3 Percent in 2012
West Marine, Inc. reported net revenues for the fiscal year ended Dec. 29, 2012 were $675.3 million, an increase of 4.9 percent compared to net revenues of $643.4 million for fiscal year 2011. Revenues for the Stores segment were $610.2 million, an increa
Nike Suspends Contract with Oscar Pistorius
Nike has suspended its contract with Oscar Pistorius, the South African sports star who has been charged with murder in the shooting death of his girlfriend. Nike said in a short statement, “We believe Oscar Pistorius should be afforded due process and we
Timex Launches Social Media Platform for Endurance Athletes
Timex launched TimexRewards.com, an innovative social media initiative that rewards Timex advocates for sharing branded content related to endurance sports…
Rocky Brands Q4 Revenues Slide
Rocky Brands, Inc. reported that excluding charges, earnings fell 35.9 percent in the fourth quarter, to $2.5 million, or 34 cents a share, from $3.9 million, or 52 cents before charges a year ago. Fourth quarter 2012 net sales were $58.0 million versus n
Nordstrom’s Q4 Earnings Up Sharply
Nordstrom, Inc. reported a 26 percent increase in earnings per diluted share of $1.40 for the fourth quarter ended Feb. 2, 2013 compared to $1.11 per diluted share for the same quarter last year. Net sales in the fourth quarter were $3.6 billion, an incre
FGL Sports Reports 2.9 Percent Comps Growth in Q4
FGL Sports' fourth quarter retail sales reached C$444.2 million ($447mm) in the fourth quarter ended Dec. 29, 2012, up 4.5 percent compared with the same period in 2011, according to financial results released by its parent company Canadian Tire Corp
Foot Locker to Ramp Up Capital Spending in 2013
Foot Locker, Inc. announced that its the board of directors approved a $220 million capital expenditure program for 2013, a significant increase over the approximately $163 million spent in 2012. The company plans to invest in its many growth opportunitie
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