SGB Executive Outdoor
Confluence Solidifies Brand Positioning…
Following their recent acquisition of Watermark’s watersports division, Confluence has finalized the positioning for its brands, creating a structure that is designed to allow the company to distribute multiple brands across multiple channels. For any man
Recall: Rolf Prima
Rolf Prima is recalling Vigor and Elan rear wheels made in 2003, because the freehub mechanism can malfunction causing a loss of resistance when pedaling. No injuries have been reported, but the defect could cause riders to lose balance and fall. The faul
Sugoi Acquired by Cannondale…
In a move that took many in the specialty run and bicycle apparel industry by surprise, Cannondale announced that it will acquire Sugoi Performance Apparel for an undisclosed amount. This is an especially curious move by Sugoi, who has been consistently g
Zappos.com Lands More Financing…
Zappos.com received an additional $15 million round of equity funding from Sequoia Capital, a technology-based private investment fund that has been involved with several internet companies, including Google, Cisco Systems, Kayak.com, and PayPal. The fund
Luxotica Acquires Optical Chain in China
Luxottica Group will acquire Xueliang Optical, the leading premium optical chain in Beijing, China. Luxottica Group will acquire 100 percent of the equity interest in Beijing Xueliang Optical Technology Co. Ltd. for a purchase price of RMB 169 million (ap
Rolf Prima Recalls Vigor and Elan Rear Wheels
Rolf Prima is recalling 2003 Rolf Prima Vigor and Elan rear wheels because the freehub mechanism can malfunction causing no resistance when pedaling. Although no injuries have been reported, this could cause riders to lose balance and fall. These 2003 Rol
Huffy Reports $16.4 million in May Sales
Huffy Corporation reported results for the month ended June 4 in a form 8-K filed with the Securities and Exchange Commission. Sales for the month were $16.4 million or $125.8 million since filing for bankruptcy protection in October. Gross margin for th
Recall: Nautilus Excercise Benches
Nautilus Inc., in cooperation with the U.S. Consumer Product Safety Commission has issued a voluntary repair recall of about 10,000 Nautilus NT 1020 Exercise Benches. The company is requesting that consumers stop using the exercise benches immediately an
Stride Rite Chalks Up Q2 Keds Decline to Repositioning; Hilfiger Continues Decline…
The Stride Rite Corporation got little help on the top line from most of its core brands for the fiscal second quarter ended June 3. But improving margins at Keds helped push total GM higher, nearly offsetting the increase in operating expenses for the pe
Nike Inc. Lays Out Opportunity for Global Multi-Brand Strategy…
After a rather tepid presentation of some arguably outstanding results on their earnings conference call on Monday (SEW_0526), Nike management on Tuesday took some of their biggest investors and some influential analysts through their detailed plans for t
Huffy May Become Private, Chinese-Owned Company…
After nine months under Chapter 11 bankruptcy protection, Huffy Corp. last week provided some guidance on its plans for reorganization. HUF filed papers with the SEC pertaining to an “agreement in principle” between Huffy and a group of creditors includ
Finish Line to Focus More on Efficiencies as Comps and Top-Line Growth Moderate…
The Finish Line may have seen their best quarters of top-line growth behind them now as the athletic specialty retailer starts to settle into the reality of more moderate comparable store sales gains and focus on operational efficiencies as the main drive
Nike Q4 Earnings Up 15% on 7% FX Rate-Aided Sales Gain
Nike, Inc. reported fiscal fourth quarter revenues increased 7% to $3.7 billion from $3.5 billion for the same period last year. FX rate changess account for three percentage points of the growth. Fourth quarter net income was up 15% to $349.5 million, or
ISIS Hires Kokx and Toy for Design and Sales Teams
ISIS For Women appointed Lisbeth Kokx as technical outwear developer and Kristen Toy as national sales manager, a new position. Toy will be responsible for all aspects of ISIS domestic sales including overseeing ISIS regional sales force and dealer servic
Spalding Announces New Category Marketing Manager
Spalding announced the promotion of Brian Kelly to category marketing manager, football and soccer, for Spalding, effective June 1. Kelly, who joined Spalding in 1998, will continue to report to Llewellyn…