Lotto Inks Licensing Deal with Sierra Industrial
Lotto Sport Italia has appointed Sierra Industrial Enterprises Private Ltd as its licensee for India, Bangladesh and Nepal as of January 1, 2005. Sierra Industrial Enterprises was established in 1989. With a turnover of over $30 million, the group has int
Escalade Net Sales Fall 15% for Quarter; Rise 2% for Year
Escalade, Inc. announced that Q4 net sales declined 15% to $57.6 million due primarily to a shift in timing in sporting goods sales; however, full year net sales increased to a record $220.7 million, a 2% gain over the comparable year ago period. Full yea
SGMA Comes Out Strong Against Bush Budget Cuts
SGMA International is taking a strong stance against President George Bush’s budget proposal for Fiscal Year 2006. The President’s budget calls for reduced funding for key physical education and recreation initiatives. SGMA is pushing for those fiscal c
Collegiate Pacific Looks to Acquisitions to Post Fiscal Q2 Profit
Collegiate Pacific reported that net sales for the second fiscal quarter ended December 31, 2004 increased 461% to $23.8 million from $4.2 million in the year-ago period. Net income for the period was $581,000, or 6 cents per diluted share, versus a net
Sara Lee to Spin-Off Apparel as New Public Entity
Sara Lee Corporation will implement a comprehensive transformation plan designed to transform the enterprise into a tightly focused food, beverage and household products company. As a result, the company is pursuing the spin-off of the balance of its appa
Soffe Closes NC Sewing Facility
M. J. Soffe is closing its Bladenboro, North Carolina sewing plant. The Company expects production operations to cease by April 15, 2005. This closing will impact 93 associates. The Company will replace the Bladenboro sewing production with products sewn
GolfWorks Inks Deal with MRC to Distribute Diamana Shafts
The GolfWorks has finalized an agreement with Mitsubishi Rayon Corporation Composite Products for the exclusive catalog distribution of the Diamana shaft line. The GolfWorks and MRCP have also announced the formation of a new Key Account Program…
Smith Optics Inks Deal with Team CSC
Smith Optics has signed the world's premier road cycling team, Team CSC, as its official and exclusive eyewear sponsor…
Forzani Completes National Sports Acquisition
The Forzani Group Ltd. announced the successful completion of its previously announced acquisition of National Gym Clothing Ltd.(“National Sports”), an Ontario based sporting goods retailer. Final regulatory approvals were received last week…
Nautilus Plant in Oklahoma Picks Up Safety Award
A Nautilus manufacturing facility that produces high-quality fitness equipment has been honored as one of only three companies throughout Oklahoma to earn a certificate for its excellent record in workplace safety and health. The special honor, described
Play it Again Parent Sees Flat Q4 Profits on Declining Revenues
Winmark Corporation reported that net income for the year ended December 25, 2004 of $4.1 million, or 63 cents per share diluted, compared to net income of $4.0 million, or 63 cents per share, in 2003. Net income for Q4 was $980,100, or 15 cents per shar
Cybex Doubles Q4 Net Income on 12% Sales Gain
Cybex International, Inc. reported net sales for the fourth quarter were $29.8 million versus $26.6 million for the comparable 2003 period, an increase of 12%. Net income for the quarter ended December 31, 2004 was $1.7 million, or 10 cents per share on a
Big 5 Q4 Comps Climb 2.6%; Will Restate Earnings
Big 5 Sporting Goods Corporation reported for the 2004 fiscal fourth quarter, net sales increased by 13.4%, to $217.6 million from $191.8 million in the corresponding 13-week fourth quarter of 2003. Same store sales increased 2.6%. Net income increased to
Garmin Beats Q4 Revenue and Earnings Guidance
Garmin announced record fourth quarter and fiscal year revenue and net income. The company's consumer segment experienced 27% revenue growth during the fourth quarter. Total revenue for the quarter increased 30% to $220.9 million from $170.1 million
Oakley Q4 Sales Up 24.5%; Income Jumps 213%
Oakley fourth quarter net sales increased 24.5% to $153.0 million, compared with $122.9 million in the fourth quarter of 2003. Net income for the fourth quarter totaled $10.0 million, or $0.15 per diluted share, a 213% increase compared with $3.2 million,