Black Diamond Stock Offering Could Provide up to $23 Million for Acquisitions
Shares of Black Diamond Inc. closed Friday up nearly 5 percent on more than 2.5 times average trading volume after it offered 7.75 million shares of stock for sale. After using $25 million in proceeds to pay down a line of credit, the company could use pr
K-Swiss’ Outlook Disappoints
While posting a steeper loss in its fourth quarter, K-Swiss Inc. indicated that slowing backlog orders would cause its revenues to decline in the current year…
Longworth Industries Names 2011 Reps of the Year
Longworth Industries, parent company of Polarmax, XGO, and AYG 365’s branded technical base layers, named Spence Bocks and Bill Kendall as its reps of the year for 2011 for the Polarmax and AYG Underwear brands, respectively.
VF Corp. Sales and Earnings Get Boost from Timberland
VF Corporation reported revenues rose 36.9 percent to $2.91 billion from $2.13 billion in 2010, with the Timberland acquisition adding $549 million to revenues. Organic revenue growth in the quarter was 11 percent. All VF coalitions achieved higher revenu
Jarden Expects Late Winter to Cut 2012 Snow Sports Sales by up to 10 Percent
Jarden Corp. expects sales of its K2, Marker and Volkl ski and snowboard products would decline by 5 to 10 percent, or up to $50 million, this year due to the unseasonably warm start to winter in the fourth quarter in both the United States and Europe…
Maverik Lacrosse Launches New Advertising Campaign
Maverik Lacrosse launched its newest commercial titled, The Future is Here, the first commercial of Maverik Lacrosse' Evolve the Player, Advance the Game campaign. The commercial will air during ESPNU's first televised game of the 2012 NCAA men
Easton-Bell Sports Partners with Good Sports
Good Sports, a national non-profit organization that provides sports equipment to disadvantaged youth, has teamed up with Easton-Bell Sports to provide a greater number of girls and boys with opportunities to participate in athletic activities…
Puma’s Q4 Revenues Climb 16 Percent
Puma reported earnings more than doubled in the fourth quarter as currency-neutral sales grew 15.8 percent. Puma said it expects sales to rise by a high-single-digit percentage in 2012 and 2013, and net income to increase at a mid-single-digit pace in eac
Haglöfs Establishes Japanese Subsidiary
Haglöfs has established its own subsidiary in Japan after doing business in thge country for 18 years. Asics acquired the Swedish outdoor brand in 2010…
Jarden Outdoor’s Sales Slow Sharply in Fourth Quarter
Jarden Corp. reported its Outdoor Solutions segment generated net sales of $614.5 million in the fourth quarter ended Dec. 31, 2011, up 1.7 percent from the year earlier quarter. The segment owns such brands as Abu Garci, Berkley, Coleman, ExOfficio, K2,
Hanesbrands Q4 Performance Hurt by Retailer Pull Back
HanesBrands reported fourth quarter, earnings and sales growth were affected by an unexpected and substantial slowing of orders in December because of retailer inventory management. Net sales in the quarter decreased slightly to $1.15 billion, and earning
Sperry Top-Sider Adds New Licenses
Sperry Top-Sider signed three additional new license agreements to expand Sperry Top-Sider branded products into the categories of luggage, watches and eyewear…
Derby Cycle AG Reports Q1 Investment Banking Fees Hurt Profits
Derby Cycle AG, Germany's largest bicycle manufacturer in terms of revenue, reported revenue reached €40.3 million ($54 mm) in the first quarter ended Dec. 31, 2011, up 6.6 percent from €37.8 million ($51 mm) in the prior-year period to,
Skechers Q4 Loss Swells on Toning Weakness
Skechers USA, Inc. reported sales for the fourth quarter were $283.2 million as compared to $454.6 million in the fourth quarter of 2010. Loss from operations in the fourth quarter of 2011 was $103.1 million versus earnings from operations of $1.4 million
Black Diamond Kicks Off Stock Offering
Closely-held Black Diamond, Inc. offered 7.75 million shares of stock at $7.50 a share in a public offering aimed at raising more than $50 million to pay off debt and finance acquisitions. The company's plans call for making enough acquisitions to gr
