The Street Backs Off Sporting Goods Sector Despite Tremendous Returns in First Quarter…
Vendor companies in the sporting goods industry continued to find new ways to spike profits in the first quarter of 2004. Even the hardlines segment is getting into the act as net income there outpaced sales growth for the first time since Q1 last year
CamelBak Promotes Rounds to Nat’l Sales Mgr.
CamelBak has promoted John Rounds to National Sales Manager of their U.S. Recreational Division. Rounds will lead an experienced sales team into a phase of continued growth for CamelBak’s recreational division. He will be responsible for managing all of
New TSA Getting Closer to the Gart Model…
Doug Morton, vice chairman and CEO of The Sports Authority, will temporarily assume the chief merchant role as the retailer looks for a replacement for Elliott Kerbis after the president and chief merchant resigned last week. Morton pointed to five “very
Giancarlo Zanatta Leaves Lotto Board to Focus on Technica
The Lotto Sport Italia S.p.A. board of directors met recently to confirm the addition of Giacomo Vaccari, who replaces Giancarlo Zanatta in the Company’s administrative body. Zanatta’s departure from Lotto has therefore been formally concluded. Zannatta,
Outlast Acquires Frisby Assets; Litigation Continues…
After nearly three years of legal battles over patent infringement between Outlast Technologies and Frisby Technologies over the rights to “Phase Change Materials”, Outlast has bought substantially all of the assets of its competitor…
Cabela’s Keeps the Momentum Going…
Cabela’s continues to see its Retail business capture a larger part of its fast-growing business as the big-box outdoor recreation retailer prepares for its pending IPO. Cabela’s is poised to partake of the same success experienced by rival Gander Mounta
Yue Yuen Closer to Providing One-Stop-Shopping for Vendors…
Yue Yuen is moving beyond footwear and apparel and into bags and accessories. The Taiwan based manufacturer has acquired a 30% stake in Prosperous Industrial Holdings Limited, an OEM/ODM manufacturer of sports bags, luggage, golf bags, hand bags and trave
Currency FX Rates Limit Rossignol’s Full Year Sales…
Rossignol closed the books on the company’s 2004 fiscal year, which ended in March. The group showed a 1.1% decline in sales when measured in Euros, down from €484.9 million ($482.0 mm) in 2003 to €479.4 million ($563.7 mm) for the past year. With over ha
Umbro IPO Float Lives Up to Lowered Expectations After Offer Price Cut…
The Umbro Holdings IPO in London hit a bit of a snag this week after the company was forced to back off its initial expectations of a offer price in the £1.50 – £1.90 ($2.72-$3.45) range to a more realistic offering at £1.00 ($1.81). Investors and analys
Sport Haley Gets Another Hogan Lift; Gets ready for Top-Flite Apparel Debut…
Sport-Haley said it is “disappointed” with sales of its Haley branded product, especially with the decrease seen in the men’s apparel segment, but appear to be quite happy with the gains seen in the Ben Hogan brand apparel licensed through the Top-Flite G
Perry Ellis Puts on Swimwear Push…
Perry Ellis International reported that Q1 net income profit jumped 46% to $8.2 million for the quarter. EPS was up 11.3% to 89 cents per diluted share. Total revenue surged 82.4% to $197 million from $108 million in the year-ago period. Gross margin i
K2 Inc: Why We Didn’t Buy It and What We Will and Won’t Acquire…
At the SunTrust Robinson Humphrey Conference in Atlanta, Dudley Mendenhall, K2 Inc.’s SVP Finance, outlined his company’s performance and future strategy for investors. Mendenhall said K2 now represents about $1 billion of the $50 billion U.S. wholesale
Burton Hires First Creative Director of Women’s Marketing and Product
Burton's first Creative Director of Women's Marketing and Product, Grace Patrick has started her new job at Burton and is splitting time between the company's headquarters in Burlington, Vermont and its new California office in Irvine. Burt
Russell Signs Deal with Australian Open
Russell Athletic has formed a new partnership with the Australian Open tennis tournament. The agreement involves developing and marketing an exclusive line of Australian Open athletic apparel and providing uniforms for the tournament's more than 800
Penguin Brands Acquires Nathan…
Penguin Brands is doing its part in the continued consolidation of the industry, closing a deal last week that sees the owner of the Penguin Shoe Care, Penguin Apparel Care, Sorbothane, and ProArc product lines acquire the assets of Nathan Performance. N
