Last August Cervélo filed suit against Guru Cycles because of an e-mail correspondence between an unnamed customer and a member of the Guru sales team. Apparently, the Guru employee misrepresented some facts about Cervélo with regards to quality and weig
Category: Outdoor
adidas Unveils its ‘1’ Running Shoe Priced at $250
After three years of highly confidential in-house development, adidas has unveiled what it calls “the most advanced shoe ever”. Sinmply called “1”, the shoe provides intelligent cushioning by automatically and continuously adjusting itself. An exclusive
Germany’s First IPO Since Recession is a Bike Company…
Mitteldeutsche Fahrradwerke, a German bicycle manufacturer plans to launch the country’s first IPO in two years. The company plans to raise €14 million and will be listed on the Frankfurt Stock Exchange…
Brunswick Forms European Marine Umbrella Group
Brunswick Corporation announced formation of an umbrella organization to implement a comprehensive growth strategy for its marine operations in Europe, Africa and the Middle East and to leverage shared services opportunities for all of Brunswick's op
Accell Acquires a Third Parts Distributor
The Accell Group is becoming rather aggressive in their expansion into the bicycle accessories market with the acquisition of a third distributor, the F. van Buuren & Co. B.V. This acquisition gives Accell two Dutch parts distributors with Junker, and F.
Galyan’s Taps Kohl’s Exec for President/CMO Role
Galyan's Trading Company, Inc. has appointed Richard Leto President and Chief Merchandising Officer of the Company. It is expected that Mr. Leto will join the Galyan's Board of Directors when he joins the Company in mid-June. Mr. Leto was most
Five Ten Re-Emphasizes EU…
In the month since John Connelly took over the role of International Sales Manager at Five Ten, he has proceeded to restructure the company’s EU management team. Bastiaan Wauters is Five Ten’s new Sales and Sponsorship Coordinator for Europe while Beverl
Pacific Sunwear Completes Stock Buy-Back
Pacific Sunwear of California repurchased an aggregate of 2,223,700 shares of Pacific Sunwear common stock in the first quarter at an average price of $22.483, for approximately $50.0 million. These repurchases complete the authorization made by the compa
B.O.S.S. Goes One-On-One with… Jack Gilbert
Jack Gilbert is the president and founder of Mountain Hardwear. A long-time industry veteran, Gilbert created MH in late 1993 after attempting an MBO of Sierra Designs, a company he had run since 1989. Prior to SD, Gilbert was the first publisher of OR Ma
Pacific Sunwear Q1 Net Income Jumps 88%; Raises Guidance
Pacific Sunwear of California Inc. reported that net income for the first quarter ended May 1, 2004 increased 88% to $15.0 million, or 19 cents per diluted share, compared to $8.0 million, or 10 cents per diluted share, for the first quarter of fiscal 200
New Era Rolls Out Exclusive Hatworld/Lids Program
New Era Cap Co. announced the rollout of its exclusive national partnership with HATWORLD/LIDS for the year-long 59FIFTYat50 campaign. The partnership between New Era and HATWORLD/LIDS represents exclusive product launch opportunities during the 59FIFTYa
Michael Jordan Kicks off China Tour
According to a release from Nike's Jordan brand, Michael Jordan will make a “rare trip” overseas on a four city tour of Asia where he will “inspire youth and fans by reinforcing the importance of excellence in every endeavor”. Making stops in Beijing
Apparel a Bright Spot for adidas-Salomon…
adidas-Salomon saw a sizable gain in its gross margin overshadow sales declines across most regions and brand groups to help the company post a 41% increase in net income for the first quarter of 2004. The company pointed to the impact of foreign currency
Reebok First FLA Accredited Company…
The board of directors at the Fair Labor Association have named Reebok as the first FLA company to have a program accredited. Reebok’s footwear factories underwent an extensive review process which examined the company’s independent factory monitoring pr
Golfsmith Pares Q1 Loss as Comps Jump Almost 24%
Golfsmith International Holdings, Inc. increased net revenues 44% to $65.8 million for the fiscal 2004 first quarter ended April 3 compared with net revenues of $45.8 million in the first quarter of fiscal 2003. Same-store sales increased 23.9% in the qu
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