Luxottica Income Up 7% on 14% Sales Gain
Luxottica Group fiscal year 2004 sales were up 14.1% to €3,223.9 million ($4,010.1 mm). Retail sales were €2,315.8 million ($2,880.5 mm), up 15.7% for the year and Retail comparable store sales jumped +4.2%. Net income for the year was up 7.3% to €286.9 m
adidas Inks Deal with GSI Commerce
GSI Commerce has signed a multi-year agreement under which the company will provide and operate a new, integrated e-commerce solution for adidas' online store. The new online store is expected to launch during the summer. adidas is a leading brand in
Study Shows Nike Adds Nearly $2 Billion To Oregon Economy
Nike, Inc., in conjunction with Oregon Statehood Day, released the results of a commissioned economic impact study of the company’s operations within the state of Oregon. According to the study, conducted by ECONorthwest, a Portland-based consulting firm,
ISPO Sports Industry CEO Summit Focuses on Lifestyle Strategies
In a statement released shortly after the first ISPO Sports Industry CEO Summit in Munich, the international sports industry concluded that only credible product competence makes it possible for companies to employ lifestyle orientation without danger. Th
Columbia Sponsors Jimmie Heuga Vertical Express for MS
Columbia Sportswear will be the presenting sponsor of the 2005 Jimmie Heuga Vertical Express for MS. The Vertical Express for MS is the largest on-snow fundraising competition in the nation and is scheduled for Saturday, February 12 in 20 ski resorts acro
Nautica Launches New Marketing Campaign
Nautica will launch its new integrated global marketing platform, dubbed “Navigate life,” this spring. After extensive consumer research, Nautica developed the Navigate life campaign to emotionally connect consumers to their brand through a message that c
Obituary: Allied SG’s Armand Essig
Armand Essig, co-founder and partner of Allied Sporting Goods for over 40 years, died Friday, February 11, 2005 in Louisville, Ky. He was 78 years of age. Essig was a president elect of the NSGA and past president of NBS. He was a member of The Temple,
NGF: Golf Rounds Played Were Up in 2004
Rounds played finished in positive territory in 2004 for the first time in three years, as reported by the National Golf Foundation and the National Golf Course Owners Association. While the gains were slight (0.7% nationally), they represent a welcome re
Oakley CFO Departs; Two Board Members to Exit
Oakley, Inc. announced that Tom George, the company’s Chief Financial Officer, has resigned to pursue a new opportunity as the CFO of a private emerging growth company in San Diego, Calif. On an interim basis, until the company hires a replacement, Link N
Oakley and Motorola Introduce First Bluetooth Sunglasses
Motorola, Inc. and Oakley, Inc. unveiled a new line of premium Bluetooth wireless technology eyewear designed to keep consumers comfortable and connected. Named RAZRWire, the invention frees the wearer from cumbersome wires and allows active users to quic
Rocky Lands New Military Contract
Rocky Shoes & Boots has received an order from the United States Military to produce Infantry Combat Boots for approximately $21 million. Shipment of the ICB's is expected to begin in the second quarter of fiscal 2005 with an estimated completion dat
Cabela’s in Negotiations for Louisiana Store
Cabela's Incorporated is in negotiations to build one of its destination retail stores in Gonzales, Louisiana, with plans for the new store to be open by early 2006. Cabela's is currently working with the City of Gonzales and others to finalize
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