Dorel Earnings Warnings Signals Lower Profits in IBD Channel
Dorel Industries lowered earnings at its bike segment, saying growing discounting by competitors in the independent bike dealer *(IBD) channel was eroding the top and bottom lines at Cycling Sports Group, which sells Cannondale, GT, Mongoose and Schwinn b
Intersport Plans Massive Global Expansion of The Athlete’s Foot
Intersport International Corp. GmbH plans to more than triple the number of The Athlete’s Foot stores to 1,500 by 2025, the company’s CEO said last week…
Sustainable Apparel Coalition Solicits Feedback on Materials Index
The Sustainable Apparel Coalition (SAC) launched an online tool last week aimed at helping the world’s leading apparel and footwear companies better understand how their products will scored by a its sustainability index…
Smith and Wesson to Beat Fiscal Q4 Estimates
Smith & Wesson Holding Corp. said preliminary net sales for the fiscal fourth quarter ended April 30 were $179 million, an approximate increase of 38 percent over the comparable quarter last year. Preliminary GAAP net income from continuing operations is
CEO Christine Day’s Plan to Step Down Sends Lululemon Stock Plunging
Lululemon Athletica CEO Christine Day’s announcement that she will step down as CEO as soon as her board can find her successor prompted a selloff of the company’s stock last week that did far more damage than the company’s March recall
Shoe Carnival Appoints VP of E-Commerce
Shoe Carnival, Inc. appointed Kent Zimmerman as vice president e-commerce, effective June 3. Most recently, he worked for Optaros, Inc., a global systems integration and solutions provider. Zimmerman also worked from 2000 to 2007 for The Finish Line to he
Dorel Initiates Layoffs at Bike Business, Lowers Q2 Earnings Forecast
Dorel Industries announced that its Cannondale Sports Unlimited unit will lay off 50 employees, or 5 percent of its workforce, due to continued discounting by independent bike dealers trying to clear inventory that did not sell this spring. The shortfall
Cudas Footwear Hires Marty Byer Group in Mid Atlantic
Cudas Footwear announced that Marty Byer of the Marty Byer Group, has joined the Cudas sales team. Byer will oversee efforts across the Greater Mid Atlantic Region…
Retail Sales Improve in May
May retail sales (excluding automobiles, gas stations and restaurants) increased 0.6 percent seasonally adjusted from April and increased a strong 4.8 percent unadjusted year-over-year, according to the U.S. Department of Commerce…
Sustainable Apparel Coalition Adds Materials Sustainability Index Web Tool
The Sustainable Apparel Coalition (SAC) has launched the Materials Sustainability Index (MSI) web tool as a new component to the Higg Index suite of sustainability tools for the apparel and footwear industries…
OIA Rendezvous Early Bird Registration Deadline is Friday
Friday is the last day to take advantage of early-bird registration for 2013 Rendezvous, the annual leadership forum for the outdoor industry, presented by Outdoor Industry Association (OIA). A discount of $100 off the normal registration fee is available
Filson Celebrates Grand Opening of New Headquarters
Filson celebrated the opening of its new world headquarters and manufacturing facility in Seattle, where to company has done business for 116 years…
Intersport Expects Sales to be Flat in 2013
Intersport International Corp. GmbH, the world’s largest sporting goods retailer, increased its retail sales by 3 percent to €10.2 billion ($13 bn) Euro in 2012. The Switzerland-based retailer said it expects comparable sales in 2013..
Finish Line Youth Foundation Announces Grants
The Finish Line Youth Foundation announced the award of $101,435 to grant recipients in the first quarter of 2013. The 18 grants went to organizations that place an importance on youth development and an active lifestyle in 13 states…
Ray Cook Golf Names Director of Sales
Ray Cook Golf, a leading golf manufacturer, appointed John Holst as director of sales.
