SGB Executive Outdoor
Garmin Sees 16% Gain in Outdoor/Fitness
Garmin Ltd. reported revenues in the Outdoor/Fitness segment increased 16% to $71 million in the first quarter. Overall, total revenues in the first quarter were $664 million, up 35% from $492 million in first quarter of 2007…
Big 5’s Q1 Net Plunges 46%
Big 5 Sporting Goods reported first quarter sales fell 1.9% to $212.9 million from $217 million. Same store sales declined 5.1% for the first quarter. Big Five said sales results reflect weakness in the consumer environment, which contributed to a decreas
ASR Adds Account Executives
ASR brings on two trade show veterans to further develop business options available at ASR events and improve customer service. Paul Dillman and Ashley Walker join ASR sales manager Dan Moylan as account executives to round out the ASR sales team. In addi
Adidas Sponsors Indiana
Indiana University announced that the athletic department and adidas have reached an eight-year, $21 million deal to supply footwear and apparel for IU’s 24 varsity sports programs…
Dick’s Sponsors Little League
Dick's Sporting Goods and Little League Baseball announced that Dick's Sporting Goods has become the Official Sporting Goods Retailer of Little League Baseball and Softball. This sponsorship will give Dick's Sporting Goods the ability to wo
Weyco’s Net Slides 10%
Weyco Group Inc. reported net earnings in the first quarter declined approximately 10% to $5.1 million, or 43 cents a share, down from $5.7 million, or 47 cents, in 2007. Diluted earnings per share were $.43 per share in 2008 down 8.5% from $.47 per share
The Amazing Andy Knapp Inducted into Hall of Fame
Andy Knapp, an amazing outdoorsman, veteran buyer for Midwest Mountaineering and cancer survivor, has been inducted into the Midwest Mountaineering Minnesota Adventurers and Explorers Hall of Fame. In the last 46 years, he has traveled more than 156,000 m
FDA Review Finds BPA Products Pose no Health Threat
The U.S. Food & Drug Administration said that based on an ongoing review of research begun April 14, it believes that FDA-regulated products containing bisphenol-A (BPA) are safe and that exposure levels to BPA from food containers are below those that ma
Footstar to Cut 130 Jobs
Footstar Inc, which operates the footwear departments in Kmart stores, said it will eliminate 130 jobs, resulting in $4.6 million of charges for severance. In a regulatory filing, Mahwah, New Jersey-based Footstar said it still expects to wind down its bu
Sport Supply Group Reports 4.1% Q3 Sales Growth
Sport Supply Group, Inc. reported net sales increased 4.1% to $65.8 million for the fiscal third quarter ending March 31, 2008. Gross margin increased 50 basis points to 36.6% of net sales for the quarter, which helped boost net income 94% to $3.4 million
Gildan to Miss Earlier Q2 Guidance
Gildan Activewear Inc. expects to report adjusted diluted EPS of approximately 35 cents for its second quarter ended March 30, 2008, up 13% from last year, but down from early guidance. The company had previously projected EPS of approximately 42 cents fo
K-Swiss Posts Q1 Sales and Earnings Declines
K•Swiss Inc. reported a 60.5% drop in first quarter net earnings $7.1 million from $18.0 million for the year-ago period. In diluted earnings per share terms, earnings decline to 20 cents from 51 cents last year. For the first quarter of 2008, total world
Under Armour Q1 Net Income Plummets on Marketing Expenses
Under Armour, Inc. recorded a 26.6% jump in first quarter net revenues to $157.3 million from $124.3 for the year-ago quarter. However, first quarter net income declined 70.7% to $2.9 million compared to $9.9 million in the same period of 2007 due to lowe
Rocky Reaches Settlement in Case Against Former VP
Rocky Brands, Inc. has reached a settlement in its case against a former VP whom the company claims was attempting to copy some of its most popular shoes. The terms of the settlement involving Defendants Glen Bratcher, Westwood Footwear and Accessories LL
Amer Sports First Quarter Slowed by Currency Conversions
Amer Sports reported a 4.9% decline in first quarter net sales to €363.0 million ($543.7 mm). The company said it was particularly affected by the weakening of the U.S. dollar as sales increased 2% when measured in local currencies. Winter and Outdoor sal
