VF Corp plans to close three factories in Costa Rica by July 16 and dismiss about 400 workers there, according to published reports. The announcement comes as Costa Rica faces rising competition from nearby countries such as Guatemala and Nicaragua, whose
Category: Outdoor
Luxottica Results to be Boosted by Oakley, Hurt by Dollar…
Luxottica Group hosted a mid-period conference call with analysts last week to review its current status and give a peak into how it is progressing after its acquisition of Oakley, Inc., which closed in November 2007. On the whole, the company expects to
NSSF Hails Supreme Court Ruling on Second Amendment…
In a 5-4 decision, the U.S. Supreme Court effectively ruled that the Second Amendment guarantees an individual’s right to keep and bear arms. Relating specifically to the District of Columbia v. Heller case, Washington, D.C. can no longer enforce a ban ag
Columbia, South Carolina Reels in Pure Fishing Headquarters…
Pure Fishing said it will establish its world headquarters in Columbia, SC in a move to prepare for a new phase of growth. The Columbia location will house senior leadership, sales management, sourcing and supply chain management, and specific category ma
Srixon to Move in With Cleveland…
At the tail end of 2007, Quiksilver sold off its golf hardgoods business in the form of a $132.5 million deal as SRI Sports, the parent of Srixon acquired Cleveland Golf (see SEW_0745). The deal left the industry guessing at the possible consolidation an
Steve and Barry’s Faces Credit Crunch…
Steve & Barry's is seeking about $30 million in funding to avoid filing for bankruptcy sometime in the next month, according to a report in the Wall Street Journal. The closely-held retailer has also reportedly hired Goldman Sachs as a financial advi
K-Swiss Benefits From Stripe Fights…
Following an Oregon court’s decision that gave adidas the largest trademark award ever in a jury decision in its stripe fight against Payless (see SEW_0819), it was only a matter of time before K-Swiss had some good news. That news came Friday when the co
Yue Yuen Reports Second Quarter Revenues Jump 23.5%…
Yue Yuen Industrial Ltd. reported second quarter sales jumped 23.5% to $1.66 billion from $944.5 million a year ago. For the period ended March 31, athletic footwear sales, its largest category, climbed 23% to $668.1 million. Also seeing strong growth wa
Finish Line Starts New Year with Better Than Expected Results…
After a tough year maligned by the botched acquisition of Genesco Inc. as well as sluggish footwear sales, The Finish Line finally delivered some good news last week with better than expected results for its fiscal first quarter ended May 31. A surge in
New CEO Says Performance Inc. Well Situated for Price-Conscious Multi-Channel Consumer…
Performance Inc. appointed Jim Thompson, who guided golf specialty retailer Golfsmith International Holdings Inc. through its IPO, as its new CEO. Thompson departed as Golfsmith’s CEO in January as the company lowered its guidance for 2007 well below expe
Tecnica Group USA Realigns…
The Tecnica Group USA, Inc., which distributes Blizzard skis, Lowa outdoor footwear, Nitro snowboards, Nordica ski boots, Nordica skis, Nordica apparel, Rollerblade, Tecnica ski boots and Tecnica winter footwear in the United States, has realigned its bus
Retailers Take Price Increases in Stride for Spring/Summer 2009…
With deadlines for pre-season discounts on spring/summer 2009 product falling over the next two weeks, outdoor specialty retailers appear to be taking the largest wave of price increases in years in stride – in part because they were not as bad as anticip
Black Diamond Cuts Ties with Beal Ropes…
Black Diamond Equipment Ltd said it has amicably ended its formal partnership with Beal Ropes this month…
Nikwax Puts Global Marketing Under U.S. Exec
U.K.-based Nikwax has put international marketing under Chas Fisher, the president of its North American unit. Fisher will be responsible for the strategic and tactical branding efforts of Nikwax in the global market. He will continue to oversee the compa
Forzani Acquisition Emerges from Bankruptcy
The Forzani Group Ltd. said that Athletes World Limited, a national retailer of athletic and recreation footwear and apparel it acquired out of bankruptcy in November, 2007, has emerged from CCAA protection….
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