Warm Weather Boosts Q1 Sales and Profits at West Marine
West Marine, Inc. emerged as one of the beneficiaries of the first quarter’s unusual weather when it reported the warmest temperatures in decades drove boat owners into its stores to buy higher margin maintenance products early…
Fishing Brands Boost Q1 Results at Jarden Outdoor
Jarden Corp.’s Outdoor Solutions segment earned nearly 11 percent more in the first quarter on slightly lower sales as better than expected performance in warm weather categories such as fishing and new spring technical apparel from Marmot offset th
Warm Weather, European Economy Weigh on Columbia Sportswear
Columbia Sportswear Company reported net sales came in flat in the fourth quarter and that growth will remain at or below 1 percent for the full year as dealers recover from with the warmest winter in decades and cope with slowing growth in Europe. The co
VF Corp Hikes FY Guidance on Double-Digit Organic Growth in Q1
VF Corp reported first-quarter revenues rose 31 percent, boosted by the Timberland acquisition. Organic growth was 12 percent and was slightly stronger than anticipated due in part to earlier shipments and stronger sales of seasonal products. The stronges
Nike Executive Charged With Attempted Aggravated Murder
Nike executive James Speidel is accused of trying to blow up his Bethany, OR home in an attempt to kill his wife and four children. Speidel, 36, is charged with five counts each of attempted aggravated murder and first-degree attempted assault, along wit
Iconix 1Q Hurt By Weakness in Urban Brands
Iconix Brand Group cuts its full-year guidance due to weakness in its men's division, particularly Rocawear, Ecko and Ed Hardy, and other delays in international plans. It now expects adjusted net income in 2012 will be $1.65 to $1.74, down from prio
Accell Group Agrees to Acquire Raleigh Cycle Ltd.
Accell Group N.V. said it had reached an agreement to acquire Raleigh Cycle Limited for €60 million, greatly expanding its presence in the North American market and the United Kingdom. Raleigh expects to report sales of approximately €200 m
West Marine Says Warm Weather Boosted Q1 Store Sales
West Marine, Inc. reported net revenues rose 6.7 percent to $121.5 million in the first quarter. Comparable store sales, which grew 4.3 percent, were boosted by growing fulfillment of wholesale orders through retail stores and early spring weather, which
Polarmax Announces Two Internal Promotions
Polarmax has promoted Doris Hinson to HR manager, in addition to making Michelle Conley its new assistant marketing manager…
Unifi Inc. Credits Q3 Profit to Stronger Polyester Pricing
Unifi Inc. earned a profit in the third quarter ended March 25 as higher prices for its polyester fiber continued to offset slightly lower volumes. The company said inventory destocking by apparel retailers and brands has largely run its course, laying th
Accell Group N.V. Raises Euro 31.3MM in New Share Offering
Accell Group N.V. successfully raised €31.3 million through an accelerated offering of 2 million new ordinary shares that were priced at €15.65 per share. The net proceeds of the offering will be used to partly finance the acquisition of Ralei
National Retail Federation Urges FTC To Move Slowly on Mobile Payments Regs
The National Retail Federation urged the Federal Trade Commission to move cautiously in establishing regulations for mobile payments, and said any rules that are adopted should parallel those for the underlying form of payment and not be specific to the t
Access Fund Analyst to Spearhead Opposition to Arizona Land Swap
The Access Fund has hired Curt Shannon as its Arizona policy analyst to represent climbers and the Access Fund in their current opposition to HR 1904, the Southeast Arizona Land Exchange and Conservation Act – more commonly known as the Oak Flat Land Exch
Columbia Sportswear Reports Flat Q1, Foresees Flat 2010
Columbia Sportswear Co. reported flat results for the first quarter and forecast sales will grow at 1 percent or less as lower sales in Europe, Canada and the U.S. offset growing direct-to-consumer sales in the United States, Korea and Japan and increased
Deckers Outdoor Lowers FY Outlook on Margin Pressures/International Weakness
As expected, Deckers Outdoor Corp. reported first-quarter earnings fell sharply due to the unusually warm weather's impact on the boot category and higher product costs. Gross margins disappointed due to channel mix and higher closeouts for the Teva
