Garmin Ltd. reported fourth quarter revenues nearly doubled to $1.22 billion from $61.1 million. The company said it sold almost as many units in the fourth quarter as in all of 2006. Revenue at the outdoor/fitness segment revenue grew 43% to $114 million
Category: Outdoor
Nexcen’s D’Loren Joins Board of Running Club
NexCen Brands Inc., the parent of The Athlete's Foot, announced that its President and CEO, Robert W. D'Loren, has been appointed to the board of directors for the Achilles Track Club (ATC.) NexCen Brands, Inc. has also committed to donating $25
GE Opens eVent Plant in China
GE Energy recently opened a 7,000-square-meter, state-of-the-art manufacturing and laboratory facility in Shanghai, China to meet growing demand for eVent fabrics. EVent fabrics are waterproof breathable membranes used in outdoor apparel, footwear and gea
TJX Takes $5M Writeoff for Bob’s
TJX Cos. Inc. recorded an impairment charge of $5 million, after tax, or one cent a share, related to Bob's Stores. The impairment charge relates to certain long-lived assets and intangible assets at Bob's Stores and represents the excess of rec
Founding Family Members Buy Carron Net
Carron Net Co., a manufacturer of nets used for volleyball, basketball, tennis, soccer and other sports, announced that the fourth generation of the founding family will acquire president William E. Kiel, Sr.'s ownership in the company. Acquiring Kie
Buyer Attendance Dipped at SIA.08
Buyer attendance at the SIA.08 show in Las Vegas earlier this month dipped 1.5% below last year on flat overall attendance, according to figures provided by the SnowSports Industries America. The show drew 4,800 buyers representing 1,532 buying company ma
Heelys Next Non-Wheeled Shoe to Ship this Summer
Heelys, Inc., which has seen the average selling price for its wheeled shoes plummet, said it will ship a new line of non-wheeled footwear starting at a retail price of $39.95 in time for the back-to-school season. The new line follows on the heels of the
Mizuno Names Custom Fitters of the Year
Each year, Mizuno recognizes select customer accounts for their outstanding commitment to Mizuno’s custom fitting program. There were a total of 16 winners selected from Mizuno’s over 2,000 certified custom fitters nationwide. Eight custom fitters were a
Foot Locker Hikes Dividend by 20%
Foot Locker, Inc. declared a quarterly dividend of 15 cents a share, paybable May 2 to shareholders of record as of April 18. This dividend represents a 20 percent increase over the company's previous quarterly per share amount and is equivalent to a
Currie Tech Acquired by PE Firm
Currie Technologies, a manufacturer of electric bicycles, and scooters, has been acquired by Risk Equity Partners (a California-based investment group). The transaction was successfully consummated on Friday February 15th…
Pearl iZumi to be Sold to Shimano
Nautilus, Inc. has agreed to sell its Pearl iZumi apparel and footwear segment to Shimano American Corporation, a division of Shimano, Inc. The transaction value of $69.5 million is comprised of $65.3 million in cash and the assumption of $4.2 million in
SSL Reports 10% Attendance Growth at Winter Sports Market
Sports Specialists Limited reported a thriving and optimistic Winter Sports Market ’08. In addition to experiencing very high retailer turnout, SSL observed a positive show climate, fruitful management and buyer meetings, excellent supplier participation
H20 Audio Adds Laird Hamilton to Board
H2O Audio has added Laird Hamilton to its Board of Directors. As a member of the Board, Hamilton will be strategically guiding the company with marketing its brand and developing its next generation of surf/music products…
More than 30 Signed up for Interbike East Demo
More than 30 vendors have committed to exhibiting at Interbike's first annual East Coast outdoor demo in Rhode Island this fall. Interbike, a division of Nielson Business Media, said Tuesday it e-mailed exhibitor sales kits for the event. Among those
Maverick Taps Former Ellsworth Manager
The founders of mountain bike maker Maverick LLC have hired David Wisenteiner as VP to improve dealer support so the duo can continue focusing on design. Maverick said Wisenteiner was instrumental in improving sales, marketing and customer service at Ells
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