SGB Executive Outdoor
Billabong Acquires Skate Longboard Company Sector 9
Billabong International Limited has acquired Sector 9, a Southern California-based skateboard brand. Co-founders and owners Steve Lake and Dennis Telfer and co-owner Dave Klimkiewicz are being retained as part of the acquisition in their current roles. Se
L.L. Bean and Barclays Launch Visa Card
L.L. Bean and Barclays announced the launch of a new Visa card they said will provide enhanced benefits to shoppers who use it to charge their purchases from the outdoors outfitter. The card will become available as a replacement for the L.L. Bean Visa ca
Srixon to Move in With Cleveland…
At the tail end of 2007, Quiksilver sold off its golf hardgoods business in the form of a $132.5 million deal as SRI Sports, the parent of Srixon acquired Cleveland Golf (see SEW_0745). The deal left the industry guessing at the possible consolidation an
NSSF Hails Supreme Court Ruling on Second Amendment…
In a 5-4 decision, the U.S. Supreme Court effectively ruled that the Second Amendment guarantees an individual’s right to keep and bear arms. Relating specifically to the District of Columbia v. Heller case, Washington, D.C. can no longer enforce a ban ag
Luxottica Results to be Boosted by Oakley, Hurt by Dollar…
Luxottica Group hosted a mid-period conference call with analysts last week to review its current status and give a peak into how it is progressing after its acquisition of Oakley, Inc., which closed in November 2007. On the whole, the company expects to
Report: VF Corp. Closes Three Costa Rican Plants…
VF Corp plans to close three factories in Costa Rica by July 16 and dismiss about 400 workers there, according to published reports. The announcement comes as Costa Rica faces rising competition from nearby countries such as Guatemala and Nicaragua, whose
Interbike to Remain in Vegas…
After two years of collecting data from potential host cities and polling retailers, manufacturers and industry partners, Interbike management announced the trade show will remain in Las Vegas. Interbike said that they are currently finalizing an agreeme
Customs Retreats on First Sale Rule…
At a June 24 hearing before the Senate Finance Committee, U.S. Customs and Border Protection (CBP) Commissioner Ralph Basham said his agency is no longer trying to revoke the First Sale Rule…
Outdoor Market Acquisitions: Nau, Karhu and PTI…
The deal making heated up last week in the outdoor industry as Horny Toad swooped in to pluck talent and trademarks from the remains of nascent lifestyle apparel maker Nau Inc.; Finnish brand Karhu was acquired by its U.S. footwear licensee; and Dorel Ind
Nike’s Q4 U.S. Backlog, Profit Drop Worry Analysts…
Nike, Inc. posted its 27th consecutive quarter of company-wide sales growth, but less than stellar domestic results led Wall Street to sell off the stock with a 7.8% overnight decline after Wednesday’s close. NKE shares ended the week down 9.6% to close a
U.S. Licensees Buy Finnish Running Brand Karhu
Former Reebok executives, Huub Valkenburg and Jay Duke, have purchased the Finnish running brand, KARHU, including the trademarks and patents of the KARHU brand. Karhu Sporting Goods Oy, previous owner of the brand, remains the licensee for the Scandinavi
Skins Inc. Appoints CFO
Skins Inc. appointed Michael Solomon as CFO, effective immediately. Most recently, Solomon served as SVP and controller of Nexxar Group Inc., a global payment transmitter and processing company. Prior to that, he held several top executive titles, includi
Heelys Rolls Out First Video Skate Contest
Heelys, Inc. launched its first-ever video competition for amateur skaters on June 21, in conjunction with Go Skateboarding Day. Beginning July 15 through July 31, contestants can upload a one to four minute video that showcases their skills and love of s
China’s Gas Prices to Rise 16% Friday
China said Thursday night that the country on Friday will raise prices of gasoline and diesel oil by 16% and 18% respectively in response to rising energy prices, the New China News Agency report. Government officials did not say how the price rise might
VF Corp. Names Head of Sportswear Coalition
VF Corporation promoted Karen Murray to president of its sportswear coalition, effective immediately. The sportswear coalition, which is based in New York City, includes the Nautica, Kipling (U.S.) and John Varvatos businesses…
