While the paddlesports industry saw a series of acquisitions last month, the deal environment became more active than it has been for nearly a year this week, with four acquisitions – three of which have a direct impact on the Bicycle, Outdoor, and SnowSp
Category: Outdoor
Ashworth Appoints New CEO
Ashworth, Inc. named Peter M. Weil as its CEO. Mr. Weil will also continue to serve as a member of the Board of Directors. The company also announced that Winston E. Hickman will remain with the company as its CFO until mid November or until such time as
Amer Sports’ Q3 Impacted by Late Deliveries…
Amer Sports is continuing along its three-year path towards integrating Salomon, and in the process transforming itself from a €1 billion sporting goods company into a €2 billion company that is heavily invested in the winter sports market. This integrati
Timberland Third Quarter Sales and Earnings Decline
The Timberland Company third-quarter net income was $51.9 million and diluted earnings per share was 82 cents, compared with third-quarter 2005 net income of $69.2 million and diluted EPS of $1.02. Third-quarter revenues were down slightly as gains in new
Fortune Brands Q3 Top Line Growth Boosted by Titleist
Fortune Brands, Inc. reported net sales increased 23% and diluted earnings per share from continuing operations increased 88% to 98 cents per diluted share, from 52 cents in the year-ago quarter. On a comparable basis – assuming the company had owned acq
Nike and FC Barcelona Extend Relationship Through 2013
NIKE, Inc. and Futbol Club Barcelona, popularly known as Barca, have signed a new five-year agreement for approximately $189 million (euro 150 million) plus bonuses and royalties, which extends their relationship through 2013. The agreement also includes
Fox River Names Chief Environmental Officer
Fox River Mills has named Becky Lessard Chief Environmental Officer. Lessard has been with Fox River since 1982 and was most recently vice president of finance & administration.
For the past 20 years, Lessard has led the sustainability team a
Langford Names VP of Sales at Nordica
Kirk Langford has been named Vice President of Sales for Nordica USA. Langford has extensive ski industry experience, most recently as the Executive Vice President of Marker USA. During his 19 year tenure at Marker, Langford was instrumental in contributi
Jarden Corp. Doubles Q3 Net Despite Declines at Outdoor Group
Jarden Corporation, parent company to Coleman, reported that net sales for the third quarter increased 10% to $1.0 billion compared to $938 million for the same period in the previous year. Net income was up 114% to $51.3 million, or 78 cents per diluted
K-Swiss Posts Flat Earnings Growth on Stronger International Business
K-Swiss Inc. reported that total worldwide revenues declined 2.6% to $133.1 million compared with $136.7 million in the prior-year period. Domestic revenues decreased 21.0% to $81.7 million in Q3, while international revenues increased 54.9% to $51.4 mill
West Marine Q3 Income Drops on Store Closing Costs
West Marine, Inc. reported net sales of $195.6 million for the third quarter, an increase of 3.7% from net sales of $188.6 million for the same period last year. In addition, comparable store sales increased 2.4% for the quarter. Net income was down 80.0%
Gramicci Expands Sales Organization
Gramicci's is hiring four new sales reps to help sustain momentum it says it has gained since launching a branding effort at OR Sumemr Market. David Vietze has joined Gramicci as the New England rep, Jared Levine will join Gramicci as southern Cali
Volcom Third Quarter Sales Jump 19%; Income Slips
Volcom, Inc. third quarter revenues increased approximately 19.3% to $61.0 million, compared with $51.2 million in the third quarter of 2005. Net income for the third quarter of 2006 decreased 10.0% to $10.2 million, or 42 cents per diluted share, compare
Wolverine Names General Counsel and Secretary
Wolverine World Wide named Kenneth A. Grady as its new general counsel and secretary. Grady is stepping into the role after James D. Zwiers was promoted to president of Hush Puppies U.S. Ken will report directly to Stephen L. Gulis Jr., executive vice pr
The Bon-Ton to Acquire Four Parisian Stores from Belk
The Bon-Ton Stores, Inc. has entered into a definitive asset agreement with Belk, Inc. to purchase four Parisian department stores and the rights for the construction of a fifth Parisian store. Bon-Ton anticipates completing the transaction with Belk on O
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