Umbro has continued to perform in line with expectations internationally with year-to-date total wholesale equivalent sales (TWE) 14% ahead of 2005. However, in the UK, market conditions remain challenging and as a consequence, Umbro’s full-year results a
Category: Outdoor
Schutt Sports Adds Collecitbles Business Unit Manager
Schutt Sports added Kevin O’Hare as the Collectibles Business Unit Manager. Prior to joining Schutt Sports, Mr. O’Hare was President of KO Sports First, Inc., in Sarasota Florida, since 2004…
Keen Names Foundation Manager
KEEN, Inc. named Chris Enlow as the company's new Foundation Manager. Chris’ extensive background started in graduate school at Arizona State University's School of Community Resources & Development where his graduate thesis focused on a program
Asics First Half Bottom Line Impacted by Increased Taxes
For the first half ending September 30, Asics Corp. saw net sales increase 15.1% to ¥95.4 billion ($828.1 million) from ¥82.9 billion ($758.1 million) last year. Gross margin for the company increased 120 basis points to 43.4% of net sales from 42.2% duri
Chaco Names Ragan as Director of Sales
Chaco added Doug Ragan to its senior management team as director of sales. Ragan brings over 25 years of outdoor industry experience to his new post.
In his previous position, Ragan was director of sales, East and International for the Yakima brand. Since
Heelys Inc. Prices IPO Range in Time for Holidays…
Heelys Inc., perhaps representing one of the few “must have” items for Christmas this year out of the sporting goods industry, took the opportunity of Black Friday to issue a price range on its pending initial public offering of shares. The IPO will cons
Genesco Raises Full Year Guidance Despite Flat Third Quarter Earnings…
Genesco Inc. posted strong results for the fiscal third quarter ended October 28, driven by “excellent performances” at Journeys and Journeys Kidz, Johnston & Murphy, and Dockers. The company expects that the Underground Station business will remain chall
Brown Shoe Raises Guidance on Strong Q3, Back-to-School Gains at Famous Footwear…
Brown Shoe Company saw shares jump more than 17% last week to close at $46.46 on Friday after posting better-than-expected results for third quarter ended October 28 and raising guidance for the full year. “It sure is a great time to be in the shoe busin
Asics Files Suit Against Target and Friends…
ASICS Corporation of Japan and its American subsidiary have together filed two separate lawsuits in the U.S. District Court for the Central District of California for patent infringement. Both suits name Target Corporation as a defendant, while the first
Payless Sees Strong Q3; Will Partner with Nike Inc. on New Women’s Brand…
Payless ShoeSource, Inc. posted a mid-singles increase in both comparable and overall sales during the third quarter. Also at the end of the quarter, Payless announced that it would be partnering with Nike Inc.’s Exeter Brands Group to produce a line of w
Oakley to Acquire Eye Safety…
Oakley has inked a deal to acquire Eye Safety Systems, Inc., a supplier of military, law enforcement, and firefighting protective eyewear. Oakley will pay $110 million in cash for “essentially all of the assets” of the company. Oakley expects the acquisit
Nike Sees Ball Shortage as it Ends Sourcing with Pakistani Factory…
Nike, Inc. will be decreasing the number of hand-stitched soccer balls it brings to market after the factory that it orders the balls from failed to correct “significant labor compliance violations.” The factory, Saga Sports, is based in Sialkot, Pakista
Thule’s SportRack Acquisition Shifts Canadian Distribution…
Following the acquisition of SportRack, which closed in September of this year, Thule decided to end its 25-year relationship with its Canadian distributor, Sport Dinaco. Thule will assume all distribution and sales of Thule products in Canada using its S
Merrell to Open Second U.S. Retail Store
Merrell will open its second U.S. retail store on Friday, November 24, 2006 at the Forum on Peachtree Parkway located on the northern perimeter of Atlanta in Norcross, GA. The opening of the Atlanta store follows the opening for the first Merrell retail s
Famous Footwear Comps Jump 8.2% in Third Quarter
Brown Shoe Company third quarter net sales increased 9.6% to $676.8 million from $617.7 million in the third quarter of fiscal 2005. Net earnings were $26.9 million or 93 cents per diluted share, inclusive of 4 cents per diluted share for stock option exp
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