Dorel Industries Inc. plans to repurchase for cancellation up to 1,458,624 Class B Subordinate Voting Shares, representing 5% of Dorel's issued and outstanding Class B Subordinate Voting Shares. The purchases will be made over a twelve-month period c
Category: Sports/Fitness
Confluence to Launch Seven New Websites This Spring
Beginning this week and continuing through the end of April, Confluence Watersports will debut completely new websites for its brands. The Wilderness Systems site is currently live. In the proceeding weeks, revamped sites for Dagger, Wave Sport, Perceptio
Nautilus Widens Q4 Loss on Plunging Sales
Nautilus, Inc. continued to see weakness in the fourth quarter, bringing an end to a dismal 2008 that saw net revenues drop in all three major business segments…
Survey: Health Clubs Post ‘Healthy’ Results
Health clubs are performing relatively well so far this year, according to a recent survey from The International Health, Racquet and Sportsclub Association (IHRSA). At least two-thirds of survey respondents indicated that certain aspects of their busine
Aldila Posts 2008 Net Loss
To conclude what management called “one of the weakest years in equipment sales on record,” Aldila, Inc. reported that net sales for the fourth quarter fell 34.7% to $11.5 million from $17.7 million in the year-ago period…
RECALL:Tippmann Markers
Tippmann Sports, in cooperation with the U.S. CPSC, announced a voluntary recall of about 13,000 A-5 Paintball Markers. Tippmann Sports has received three reports of the end cap assembly breaking, ejecting and hitting the operator. One minor injury has be
Dorel Q4 Earnings Fall; Inventory Skyrockets
Dorel Industries Inc. reported that revenues for the fourth quarter increased 4.6% to $479.9 million from $458.9 million in the year-ago quarter. Net income decreased 14.2% to $19.2 million, or 57 cents per diluted share, from $22.3 million, or 67 cents p
Woolrich Withdraws Eddie Bauer Complaint
Woolrich, Inc. has officially withdrawn its trademark infringement court action against Eddie Bauer. Following extensive discussions between the two companies, Eddie Bauer and Woolrich have determined that their respective trademarks are not infringing a
Paddlesports Enthusiasts Flock to Early Expos
Across the U.S. snow belt, lakes may still be frozen and average temperatures are still near freezing, but paddling enthusiasts who have had enough of winter are again anxiously awaiting the arrival of spring.
On March 6-8, the 1st Annual Northeast Paddle
Vail Resorts Sees Fiscal Q2 Net Jump
Vail Resorts, Inc. said net income increased 18.0% to $60.5 million in the second fiscal quarter ended January 31, compared to $51.3 million in the prior-year second fiscal quarter, despite a decline in the mountain and resort segments…
VW Signs Multi-year Major League Soccer Deal
VW Volkswagen of America entered into a multi-year deal with Major League Soccer (MLS) and its marketing arm, Soccer United Marketing. Tim Ellis, VP of marketing, Volkswagen of America, Inc., noted in a release that the relationship builds a relationship
SIMA Names Nominees for ’09 Image Awards
The Surf Industry Manufacturers Association (SIMA) revealed its list of nominees for the seventh annual SIMA Image Awards, which recognizes those making outstanding contributions to the surf industry. Nominees for breakthrough brand of the year include: A
Luxottica Q4 Sales Rise 4%, Earnings Drop 44%
Luxottica Group S.p.A., the parent of Oakley and Sunglass Hut, reported forth quarter sales rose 4% to €1.24 billion ($1.58 bn) from €1.19 million ($1.51 bn). At constant exchange rates, sales were unchanged at current exchange rates. Assuming the inclusi
REI Receives 2009 Social Innovation Award
Recreational Equipment, Inc. (REI) has received a 2009 Social Innovation Award by the Financial Times and JustMeans in recognition of the company's social and environmental efforts…
Smith and Wesson Q3 Net Sales Jump 25.9%
Smith & Wesson Holding Corporation, parent company of Smith & Wesson Corp., said net product sales for the third fiscal quarter ended Jan. 31, were $83.2 million, a $17.1 million, or 25.9%, increase over net product sales a year ago. Net income for the th
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