SGB Executive Outdoor
48STRAIGHT Cancels Season as Jeep Pulls Out
Chrysler subsidiary Jeep has pulled out as title sponsor of the 48STRAIGHT winter event series, forcing organizers to cancel the snowsport series on the eve of its third season. Event organizers have already canceled events at ski resorts in…
Element 21 Sales Grow Four Fold in Q1
Element 21 Golf Company reported revenues more than quadrupled to a record $555,256 for the first quarter ended Sept. 30, 2008 as golf and fishing equipment makers continued to adopt its scandium alloy products…
Grenade Gloves Partners with Winter Dew Tour
Grenade Gloves is is now the official glove partner for the Winter Dew Tour. This partnership will last two seasons–through the winter 2008-2009 and winter 2009-2010 tour seasons…
Outdoor Execs See Recovery Coming in Q3 2009
Executives in the outdoor industry don't expect an economic recovery to occur earlier than the second half of 2009, according to a survey recently conducted by the Outdoor Industry Association and Piper Jaffray. The survey also finds suppliers with a
Lafuma Sales Rose 5.2% in Fiscal 2008
Lafuma SA reported revenues of €263.7 million ($396.6mm) for the fiscal year ended Sept. 30, up 5.2% from the €250.6 million ($333.5 mm) in the prior fiscal year. Excluding sales of its recently acquired Eider business, sales rose 2.9% to €255.0 million (
Crocs Posts $148 Million Loss After Restructuring Changes
Crocs, Inc. lost $148 million, or $1.79 per share, in the third quarter ended Sept. 30, 2008 after non-cash charges totaling $104.1 million in restructuring, impairment and inventory write-downs. Revenues dropped 32% to…
Gift Card Recipients Spending More than Face Value
Chase Paymentech, which provides payment processing for many sporting goods retailers, said a recent survey of 850 American adults found that 85% of those who had received a gift card spent more than its face value when they redeemed it. Recipients spent
Retailers Easing up on Return Policies
More than half of retailers (52%) say their holiday return policies will be more lenient than the policy for the rest of the year, up from 35% who said so in 2007, according to the National Retail Federation’s third annual Return Fraud Survey. Return rate
Gander Mountain Returns to the Black in Q3
Gander Mountain Co. stopped the bleeding in the third quarter by turning in a profit, despite a 6.5% decline in comp store sales and a $2.9 million loss at its direct segment, which reflects results at newly acquired catalogue and Internet retailer Overto
Puma Picks Droga5 as Lead Agency for $100m Account
Puma has hired Droga5 as its lead global creative partner, reported various media sources. Droga5, which handles accounts with MTV, Method, Rhapsody, Coca-Cola and more, is now the lead agency for Puma’s more than $100 million global marketing account. T
Quiksilver Closes Rossignol Sale
Quiksilver, Inc. closed the sale of the “Rossignol Group” to Chartreuse & Mont Blanc. The transaction resulted from Quiksilver’s initiative, announced in January 2008, to sell Rossignol in order to reduce its exposure to the winter sports equipment manufa
Spyder to Sponsor Jamaican Ski Team
Spyder Active Sports now supports the world’s newest national ski program, the Jamaica Ski Team. Errol Kerr is currently the sole member of the Jamaica Ski Team, but the small roster doesn’t limit Jamaica’s chances of medals at the Vancouver Games in 2010
Rodale Cuts 10% of Workforce
Several media outlets have confirmed that Rodale has announced layoffs of 111 employees-about 10% of their workforce. The Morning Call noted that 73 of the 111 jobs eliminated came from the company's headquarters, with the remaining 38 in New York an
Head NV’s Profits Slide in Third Quarter
Head NV reported net revenues inched up 0.3% in the third quarter, to €93.1 million ($116.8 mm) from €92.8 million ($116.4 mm). Gains in winter sports offset declines in racquet sports and diving. Net profit for the period dropped 70.8% to €1.2 million ($
Sport Chalet Q2 Comps Down 7%
Sport Chalet, Inc.'s second quarter sales decreased 1.2% to $96.5 million for the second quarter of fiscal 2009 from $97.7 million for the second quarter of fiscal 2008. The net loss in the period was $4.2 million, or 30 cents per diluted share…
