Johnson Declines Dolphin’s Offer; Dolphin Still Fighting
Johnson Outdoors rejected Dolphin's increased offer to acquire approximately 1.5 million shares of the Company's authorized but unissued Class B common stock at $21.75 per share, as it had rejected an earlier $21.00 per share proposal. Additiona
Consumer Reports Launches GreenerChoices.org
More and more, consumers are making environmentally friendly choices in the purchases that they make. They are actively seeking out organic foods, avoiding dangerous chemicals in products, and looking for energy-efficient appliances. On Earth Day 2005, wi
Chaco Continues to Focus on People, Environment, and Profits
Ever since establishing Chaco in 1989, founder and President Mark Paigen has maintained a vision in which there is more than one bottom line. His Triple Bottom Line (TBL) is comprised of three equal parts – People, Environment and Profits – and forms the
Nike Inc. Confirms Brand Nike Pullout from Sears…
Nike Inc. on Monday confirmed with Sports Executive Weekly that the company would stop selling Nike brand product to Sears this fall. The move isn’t surprising, considering the recent merger between Kmart and Sears that puts former KMRT chairman Eddie La
Cybex First Quarter Sales Inch-up 1%; Income Down
Cybex net sales for the first quarter were $24.8 million, representing an increase of 1% compared to net sales for the first quarter of 2004 of $24.4 milion. Net income for the quarter ended March 26, 2005 was $119,000, or one penny per diluted share, com
Brine Expands Team Brine with Passavia Signing
Brine, Inc. has inked defensemen Chris Passavia to a multi-year contract. Passavia will join Brine’s team of lacrosse super stars known collectively as Team Brine. As a member of Team Brine, Passavia will be working closely with the research and develop
Wilson Named Official Ball for Australian Open
Wilson Sporting Goods has signed a five year deal to provide the official tennis balls for the Australian Open and major lead-in tournaments on the Road to the Australian Open. The deal, which now makes Wilson the Official Ball for two of the four Grand
SEC Fines Deloitte and Touche Over Just for Feet Audit
Deloitte & Touche LLP has reached settlements related to the 2000 audit of Adelphia and the 1998 audit of Just For Feet. Each of these cases involves a consent decree, signed by Deloitte & Touche LLP, in which it neither admits
nor denies wrongdoing. As
Greg Norman Collection Posts 20% Sales Increase
Greg Norman Collection announced that its net sales increased 20% in its first quarter ended March 31, 2005. This represents the ninth consecutive quarter of double-digit sales growth for the company. The company also reported improved operating profits f
VF Outdoor Division Q1 Profits Up 133% on 13% Organic Growth
VF Corporation reported first quarter sales rose 9% to $1.56 billion from $1.43 billion in the year-ago quarter. Net income increased 18% to $122.9 million from $103.9 million, with earnings per share rising 15% to $1.07 from 93 cents per share. The acq
Gander Inks Deals with Dodge Verizon and Radio Disney
Gander Mountain has signed corporate partnerships with Dodge, Verizon Wireless and Radio Disney. These partnerships are designed to cross-promote each brand through a sharing of individual resources, such as marketing materials and retail space…
Brunswick Q1 Earnings Nearly Double On 17% Sales Increase
Brunswick Corporation reported net earnings of $94.6 million, or 96 cents per diluted share, for the first quarter of 2005, up 97.1% from net earnings of $48.0 million, or 50 cents per diluted share, for the year-ago quarter. Results for the first quarter
K2 Takes Q1 Hit on Higher Operating Expenses; In-Line Weakness Hurts Growth…
K2’s diversification seems to be paying off by balancing the seasonality of the different businesses and compensating for any unseasonable weather-related issues that have been plaguing many other manufacturers. Still, the balance didn’t help the bottom l
Deckers Shows Solid Q1 Performance, But…
Despite hitting its estimates for sales and earnings for Q1, Deckers saw its shares plunge 25% last week after the company started to show some weakness in its core Teva business. Analysts may also be spooked a bit by the reliance placed on the UGG brand
Timberland Posts Solid Q1, But Sees Slower U.S. Boot Business in Q2 and Q3…
The Timberland Company saw a further shift of its business to the International side of the scale in the first quarter as both reported and constant dollar sales outpaced the domestic gains. The company did get a lift in late season boot sales in the Nor
