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
Saucony Q2 Results Do Little to Impress New Ownership…
It is the last quarter that Saucony, Inc. will report quarterly numbers, and the brand showed little near-term upside for The Stride Rite Corporation, which hopes to close on the acquisition of Saucony in Q3. Second quarter net sales at Saucony, Inc. decr
Thule Recovers from Slow Q1…
After a flat first quarter, Thule reported first half sales increased 5.5% to SEK 1.52 billion ($214 mm). The success was driven primarily by a solid performance in Europe, which saw sales increase 10% due to growth in rear-mount carriers and boxes. The c
Phil Knight Sets Sight on Expanding His Entertainment Businesses…
Nike Inc. founder and chairman Phil Knight last week announced a new entertainment and media venture called Laika Entertainment. The new entity will absorb Vinton Studios, which Knight acquired in September 2003…
Quiksilver to Re-Open Rossignol Tender Offer; Raises $400 Million in Note Sale…
Quiksilver, Inc. has successfully completed its tender offer for the outstanding share capital of Skis Rossignol S.A., acquiring approximately 6.0 million shares during the offering period for €19.00 per share. Upon the anticipated closing of the transac
The Sportsman’s Guide Will Again Beat Street Estimates…
For the third quarter in a row, the Sportsman's Guide, Inc. announced that its originally released guidance needed to be raised, an action that sent shares up 24% for the week to close at $22.30 on Friday.
SGDE reported that net sales for the secon
Acushnet Q2 Profits Jump 26% on 9% Sales Gain…
The Acushnet Company, the Fortune Brands division that manages the Footjoy, Titleist, Cobra, and Pinnacle golf brands, saw stronger sales, favorable product mix, and manufacturing efficiencies lead to a 25.6% increase in operating profit in the second qua
Callaway Plays Coy, But Sees Upside…
If someone didn’t know any better they would think that senior management at Callaway Golf Company had very little reason to endear themselves to the investment community these days. Based on the tone and attendance on the second quarter call with analys
Eagle Creek to Expand Clive Brand into Outdoor
Eagle Creek is expanding the positioning its Clive brand into the outdoor distribution channel to capitalize on the emerging youth lifestyle category. Clive joins the spring 2006 outdoor market as a “new brand,” repositioned with an entirely new and uniq