SGB Executive Outdoor
GSI Commerce Expects 23% Revenue Growth for 2007
GSI Commerce Inc. reported it expects net revenue for fiscal 2007 to increase approximately 23% to a range of $748 million to $750 million from $609.6 million last year. Merchandise sales are expected to be approximately $1.682 billion to $1.687 billion,
Summit Canyon Joins Grassroots Outdoor Alliance
Leading up to this winter’s Outdoor Retailer showcase, Grassroots Outdoor Alliance added another member to their group of quality independent outdoor retailers. At the show, Grassroots will announce that Summit Canyon Mountaineering of Gleenwood Springs,
The Finish Line, UBS to Appeal Forced Merger Decision
The Finish Line Inc. and UBS AG plan to appeal the Nashville judge's order that a $1.5 billion purchase of Genesco must go through. Finish Line and UBS want a Tennessee appeals court to decide the case before the March 3 start of a separate federal l
prAna Introduces Independent Sales Reps
For the first time in 14 years, prAna is announcing a restructure of its sales team to include independent outside sales reps dedicated to serving 30 states in five regions. While new to prAna, these veteran industry professionals have years of experience
OIA and Outdoor Retailer Enter 15-Year Pact
Outdoor Industry Association and Nielsen Business Media (NBM), parent company of Outdoor Retailer, have entered a 15-year strategic alliance that will boost efforts to ensure the long term success and growth of the $289 billion outdoor industry. Outdoor R
Heelys Receives Nasdaq Deficiency Letter
Heelys, Inc. received a Nasdaq Staff deficiency letter on January 17, 2008 indicating that the company no longer complies with the Nasdaq audit committee requirement as set forth in Marketplace Rule 4350, which requires a listed company to have an audit c
Adidas to Rethink Olympic Support
Adidas officials told a German newspaper that it will reconsider support for the Olympics after the 2008 Beijing Olympics in light of the continued ban by the International Olympic Committee on displays of the Adidas three-band logo on team uniforms…
UK Anti-Trust Agency Clears Nike Purchase of Umbro
The UK's Office of Fair Trading cleared Nike Inc's proposed purchase of Umbro PLC. In replica kit sales, it argued that although the pair have a high combined market share of over 45%, this “overstates the rivalry between them.”…
Snow Boosts Jarden’s Winter Sports Sales
Jarden Corporation said fourth-quarter revenue and operating profits related to its winter sports business were in line with expectations. CEO Martin Franklin said strong early snow conditions, particularly in North America, favored its winter sports line
Stearns Announces Layoffs
Stearns Inc. has laid off more than 20 employees, including President Paul Ebnet. The downsizing will be taking place over the next nine months, director of human resources Loretta Trulson said in a statement. Affected employees were informed of the chang
Callaway Forecasts 10% Rev Gain
Callaway Golf Co. expects sales for the year ended December 31 to increase approximately 10% to a record $1.125 billion, up from $1.018 billion a year ago. Earnings are expected to come in between 79 to 81 cents a share, which compares with earnings of 3
Michael Brosnahan Named CEO of Reyn Spooner
Michael Brosnahan, the former VP of apparel for Pony, was named the new CEO of Honolulu-based Reyn Spooner Inc. and Reyn's Menswear. Tim McCullough, president and CEO for 30 years, will focus on product design…
Crocs Taps CFO to Head Retail Division
Crocs Inc. CFO Peter Case has moved into the newly created position of SVP, retail division. Case was already spending much of his time building Croc's branded stores in the United States and worldwide. He will be replaced in the CFO post by an execu
Sport Supply Expects Q2 to Beat Plan
Sport Supply Group, Inc. said it expects it will exceed current analyst consensus revenue and EPS estimates and produce a profitable second quarter. The team sports manufacturer and distributor, based in Dallas, also announced a program to repurchase of u
Zumiez Cuts Guidance on Slow December Comps Growth
Zumiez Inc. reported a 3.9% increase in same-store sales for the five-week fiscal December period. The gain comes on top of an 11.5% jump for the year-ago month. Total net sales for the month increased 15.3% to $72.0 million, compared to $62.5 million las
