J. C. Penney Company, Inc. reported an adjusted net loss of $55 million or 25 cents per share in the first quarter. The adjusted loss excludes markdowns taken as a result of the company's continuing efforts to reduce inventory levels to align with it
Category: Outdoor
Fam Brands Acquires Peace and Pearls and Teháma
Fam Brands, the owner of Marika and licensee for such labels as Bally Total Fitness, Laura Ashley and Eddie Bauer, recently acquired of Peace and Pearls and Teháma women’s leisurewear and active wear brands…
Dick’s SG To Hold Grand Opening Celebration in Mt. Pleasant, MI
Dick's Sporting Goods is holding a three-day grand opening weekend for its new stores in Mt. Pleasant, MI. The store will open its doors on Wednesday, May 16 and begin the celebration with a ribbon cutting ceremony on Friday, May 18 at 8:00 a.m…
Bikes Belong Hires Senior Manager of Marketing
Bikes Belong, the primary lobbying group of the U.S. bicycle industry, named Tim Bock as its new senior marketing manager…
Li-Ning to Sponsor Red Bull King of the Rock Basketball Championship
Li-Ning has signed on as the official footwear and apparel sponsor of the one-on-one Red Bull King of the Rock basketball championship.The final game will take place on San Francisco's famed Alcatraz…
Sebago to Sponsor Newport Boat Show
Sebago has signed on as a sponsor of the 42nd Annual Newport International Boat Show to be held Sept. 13-16 in downtown Newport, R.I…
Citi Group to Spend $41MM Sponsoring NYC Bike Share Program
Citi Group will shell out $41 million to sponsor New York City’s new bike share program for five years. The agreement will allow the nation’s largest public bike share system to be provided at a low cost to users and at no cost to taxpayers an
Lenzing’s Q1 Sales and Profits Slip on Lower Prices
Lenzing Group said sales and profits declined in the first quarter as higher unit sales failed to fully offset lower average prices for its fibers. The Austrian company said that while it still won't match last year's record results, it expects
Golf Town to Acquire Golfsmith
Golf Town, based in Toronto, reached an agreement to acquire Golfsmith International Holdings Inc. for about $96.5 million. Upon the closing of the transaction, Martin Hanaka will assume the role of CEO of the combined company. The transaction will result
Nike Extends Asian Soccer Sponsorship
The Asian Football Confederation (AFC) has extended its commercial partnership with sportswear behemoth Nike. Nike has worked with Asian soccer’s governing body since 2005…
Adams Golf Sees Record Sales for First Quarter 2012
Adams Golf reported record net sales of $37.8 million for the three months ended March 31, 2012, as compared to $30.2 million for the three months ended March 31, 2011, an increase of 25 percent year-over-year…
Luxottica Reports U.S. Demand for Premium Sunglasses Remains Strong
Luxottica Group said sales of its Oakley and Ray-Ban eyewear continued to grow at double-digit rates in the first quarter and raised its upper guidance for sales of the newly launched Coach eyewear line by 20 percent to…
Camelbak Powers CODI’s 12 Percent Q1 Pro-Forma Growth in Sporting Goods Sales
Compass Diversified Holdings Inc. (CODI) reported sales at its three sporting goods companies grew nearly 12 percent in the first quarter due largely to continued double-digit growth at CamelBak, which it acquired last August. CODI said that while it rema
Spy Inc. Focus on In-House Brand Pays Off in First Quarter
Spy Inc. reported net sales increased by 22 percent in the first quarter as its turnaround strategy of divesting licensed brands to focus on its in-house, action-sports inspired Spy optics brand continued to pay off…
As Cannondale and GT Thrive in Europe, Dorel Builds IBD Network in China
Dorel Industries Inc.'s Recreational/Leisure segment posted record first quarter results thanks to continued strong sales of the Cannondale, GT and Mongoose brands to independent bike dealers, or IBDs. Demand for the brands remains strong in Europe a
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