adidas-Salomon to Acquire Reebok in $3.8 Billion Deal
adidas-Salomon AG and Reebok International Ltd. have announced that their Boards of Directors have unanimously approved a definitive agreement under which adidas-Salomon AG would acquire all of the outstanding shares of Reebok for U.S. $59.00 per share in
REI to Open First Connecticut Store
REI plans to open a store in West Hartford, Conn., in the fall of 2007. The 27,000 square-foot, two-story store will be located at Blue Back Square, a mixed-use development, to be built in West Hartford Center. The store, which will employ about 55 full-
Orange 21 Renews Earnhardt License
Orange 21, parent company to Spy Optics, renewed its agreement with Dale Earnhardt Jr. for the continued development of the E Eyewear(TM) sunglass line, the signature series for Dale Earnhardt, Jr…
Big Agnes Sees Triple Digit Sales Growth
Big Agnes experienced a triple digit growth in sales for the current year to date, as well as extremely strong growth last year. Big Agnes has expanded its dealer base considerably since opening its doors 5 years ago. Dealers and consumers alike seem to
Timex Launches New ‘4a.m.’ Marketing Campaign Targeting Outdoor Specialty
The Timex Corporation has stuffed four lucky outdoor adventure junkies into a pimped-out 1992 all-wheel-drive Chevy Astro Van stocked with Thule racks full of kayaks, mountain bikes, climbing hardware, as well as and first aid kits and road and topo maps
Tubbs Expands Product Development Team
Tubbs Snowshoes has expanded its product development team and taken steps to strengthen its women’s snowshoe business. Deidre O’Mara has been hired as K2 snowshoes category manager by K2 Sports, while Tubbs has named Rachel Lin to the position of developm
Foot Locker Q2 Sales Rise 3%, Comps Up 1.3%
Foot Locker, Inc. reported sales for the 13-week period ended July 30, 2005 of $1,306 million, versus $1,268 million in the comparable period last year, an increase of 3.0%. For this same 13-week period, comparable store sales increased 1.3%. For the 26-w
OIA Applauds Senators’ Work to Keep LWCF Alive…
Created in 1964, the LWCF Act directed $900 million per year to create and protect America’s parks, forests, and wildlife refuges. Earlier this year, both the House and the Bush Administration advocated zeroing out the program. However, The Senate Interio
Garmin Sees More Success in Outdoor Electronics in Second Quarter…
Garmin seems to have recovered from the raw material supply issues it experienced over the past two quarters with increased sales, margins, and profitability during the second quarter. The consumer segment, which includes outdoor and fitness oriented GPS
Johnson Outdoors Provides Insight Into Watercraft Future…
Johnson Outdoors hosted their Annual Meeting of Shareholders, celebrating the company's 35th anniversary. During the meeting, company chairman and CEO, Helen Johnson-Leipold shared her vision for the company’s future and remarked on some recent miles
Exel Invests Heavily in Nordic Walking Expansion…
The Exel group’s sport division, one of the primary drivers behind the Nordic walking movement in Europe and the U.S., reported a steady first half performance with sales climbing 2.2% to €19.0 million compared to €18.6 million last year. However, investm
The Friedrichshafen OutDoor Show: First Impressions…
With the OutDoor show in Friedrichshafen, Germany edging in three weeks before Outdoor Retailer Summer Market, a number of U.S. buyers and journalists showed up to get a sneak peek at the newest gear before the “official” launch in North America at the Ou
Recalls: Sportcraft and VisionTech USA
The CPSC and Sportcraft Ltd. announced a voluntary recall of about 12,000 Tredex 6.0, TX 440 and TX 550 Treadmills. The treadmill can unexpectedly accelerate and cause users to fall and sustain injuries. The CPSC and VisionTech USA, Inc., announced a volu
Specialized and Supergo Agree to Disagree and Terminate Relationship…
Specialized and Supergo bike shops announced Friday that they had reached an “amicable agreement” to terminate their relationship. The action comes after almost a year of discussion and negotiation. Supergo will sell the remainder of its inventories of
Skechers Sees Continued Momentum; Raises Third Quarter Guidance…
Skechers USA, Inc. certainly looks as though its multi-brand strategy is starting to pay dividends as second quarter sales and earnings growth easily outpaced expectations on Wall Street. Consolidated net sales increased 12.5% to $263.9 million in the se
