The Stingray’s Waning, What’s Next for Schwinn?
Dorel Industries’ Home Furnishings and Recreational/ Leisure segments, the latter of which is made up entirely by Pacific Cycle, will negatively impact earnings in the second half of the year. The Canadian company’s second quarter results will be announce
Rebel Sports Fiscal Year Comps Inch Up 0.8%…
Rebel Sport Limited, the largest sporting goods and outdoor equipment retailer in Australia, reported annual sales increased 3.8% to A$316.9 million ($238.9 mm). This increase came in spite of a missing week in fiscal calendar year 2005. Comparing year-on
Blacks Leisure Group Sees Difficult Retail Conditions Continue…
Blacks Leisure Group, the U.K.’s largest outdoor retail chain, reported that total sales for the 19 week period through July increased by 5.2%. Comparable-store retail sales fell by 2% for the same period, compared to a 4.2% increase last year. The retail
Gildan Raises Guidance on Higher ASP, Lower Costs…
Gildan Activewear raised third quarter and fiscal year earnings guidance and the company now expects diluted EPS for the third quarter to be at least 10% above its most recent guidance of approximately 50 cents per share. Gildan has already raised its gui
Just Two Bikes Has Two New Owners…
Just Two Bikes in Hugo, Minn. was acquired by the company’s sales and marketing manager, Jim Dugelman, and Dale Hedstrand, president of Focal Point Financial Services. They have acquired the firm for an undisclosed sum from Jim Muellner, who founded JTB i
VF Outdoor Inks New Lease for Western Apparel DC…
VF Outdoor signed a long-term, build-to-suit lease agreement for a new 817,000-square-foot distribution and logistics facility with The Allen Group in Visalia, Calif. The new facility will serve as the Western distribution hub for VF’s Corp.'s Outdoo
G-III Adds $100 Million to Top Line with Two Acquisitions…
G-III Apparel Group last week announced the acquisitions of Marvin Richards and Winlit, two privately-held outerwear businesses. Marvin Richards was acquired for $19.2 million and 466,666 shares of G-III common stock, currently valued at roughly $10.20 p
Globe Shares Dip on Lower Outlook…
Globe International cut its earnings outlook for the fiscal year ended June 30, 2005 based on preliminary unaudited group management accounts. Net profit for the year is expected to be in the range of A$5.0 million to A$5.5 million against previous guidan
Sport-Haley Looks for Clean SEC Slate…
Sport-Haley, Inc. is pursuing settlement of claims brought against it and its former controller, Steve Auger, by the U.S. Securities & Exchange Commission. The suit, filed by the SEC in 2003, alleges that Sport-Haley misrepresented inventories, period cos
Merrell and Outdoor Outpaces Solid Q2 Growth Seen Across Wolverine Business…
Wolverine World Wide, Inc. was the first public company out of the gate for the second quarter, delivering another quarter of strong results across most brand platforms. Three of the four operating groups delivered double-digit gains for the period, with
Warrior Shrugs Off Easton Suit; Moves Ahead with Hockey Deal…
Warrior Lacrosse is moving ahead with its plans in the hockey business even as its dispute with Easton Sports continues to play out in the federal court system. Warrior, which is a division of New Balance Athletic Shoe Co. announced last week that it had
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
Timberland to Consolidate Caribbean Manufacturing Ops…
Timberland plans to consolidate its Caribbean manufacturing operations by closing its manufacturing facility in Isabela, Puerto Rico at the end of 2005 and expanding manufacturing volume in its facility based in the Dominican Republic. The company will in
Confluence Solidifies Brand Positioning…
Following their recent acquisition or 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
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
