In a sign of financial strength, LaCrosse Footwwear, Inc.'s board of directors approved a special dividend of $1 per share of common stock and said it would begin paying regular dividends on a quarterly rather than an annual basis.
Category: Outdoor
Centerstone Software Processed $1.2Bn in Orders in 2007
CenterStone Technology’s e-commerce solutions, Escape and iVendix, processed more than $1.2 billion in wholesale transactions in 2007. The number of companies actively using iVendix grew 53 percent to 9,725 over 2006. iVendix processed 144,002 orders, an
Electra Bike Names Bradley VP of Product Development
Electra Bicycle Company named Dean Bradley as vice president of product development. An early convert to BMX and mountain biking, Dean has been a magazine editor, an on-air media personality and a highly accomplished product development manager most recen
CadenceTV Launched for Group Workouts
Cadence Cycling and Multisport Centers launched CadenceTV, an interactive video platform that allows cyclists to train and participate in live group workouts from a remote location. CadenceTV will stream live video of Cadence's two-time daily indoor
Sports Direct Partners with China’s ITAT
Sports Direct International PLC, the UK sporting goods conglomerate, announced a strategic relationship with China's ITAT Group to move into the rapidly expanding Chinese retail market before the Beijing Olympics in August. Sports Direct will invest
Mizuno Launches New Global Tagline
Mizuno Corporation, having celebrated its 100-year anniversary in 2006, is launching a new global tagline, “Never Settle,” in 2008 to take the legendary specialty sports company into the next century of leadership in sporting goods technology, innovation,
Saucony Names Veterans to Sales and Marketing Posts
Saucony, Inc. named two veterans to senior positions in sales and marketing. The performance running brand appointed Mary (Creedon) O’Brien to the role of vice president of marketing and promoted Pete Calichman to vice president of national accounts…
Mizuno Sees Net Income Drop on Q3 Sales Gain
Mizuno Corp. saw first half net sales increase 9.5% to ¥130.11 billion ($1.15 bn) from ¥118.81 billion ($1.01 bn) in the year-ago half. Gross margins declined 90 basis points to 41.6% of sales from 42.5% last year. Net income dropped 22.0% to ¥2.87 billio
Bakers Footwear Gets Funding
Bakers Footwear Group issued 350,000 shares of common stock and entered into a $7.5 million subordinated secured term loan with Private Equity Management Group (PEMG) and an entity affiliated with PEMG. Bakers received net proceeds of about $6.7 million a
Sport Chalet to Open Four Stores in ’08
Sports Chalet Inc. anticipates opening three to four new stores during calendar 2008. The new stores will be focused on adding density to current markets, namely California and Arizona. In addition, the company will relocate its flagship La Canada Flintr
Sports Chalet Posts Q3 Loss
Sport Chalet, Inc. reported that including a non-cash impairment charge, its net loss for Q3 was $682,000, or 5 cents a share. On January 14, the retailer warned that it would lose between 6 cents to 9 cents a share after a charge of approximately $2.1 m
Canada’s Dorel Acquires Cannondale and Sugoi
Canada's Dorel Industries Ltd. acquired the Cannondale Bicycle Corporation and Sugoi Performance Apparel in an all cash deal valued at $190 million to $200 million. Cannondale and Sugoi are being purchased from an affiliate of Pegasus Capital Advisor
Aetrex Names Women’s Product Director
Aetrex Worldwide has named Susan Ryder as the company’s new women’s product director. Ryder, who has worked as a product designer for the footwear industry for more than 20 years, will be responsible for incorporating a fresh design sense into all of Aetr
New Balance Sponsors LifeSport
New Balance signed on as official performance footwear and apparel supplier to LifeSport, the premier triathlon coaching service and event management organizations. Based in Victoria, British Columbia, Lifesport is recognized as the Official Coaches of I
Patriots Championship T-shirts Donated
The National Football League will be sending hundreds of Patriots Championship shirts and caps to needy children and families around the world following the Patriot’s defeat at the hands of the Giants in Super Bowl XLII…
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