Ispo Panel to Review Results of OIA Eco Index Pilot Program
Joe McSwiney from Cascade Designs will lead a panel discussion at ispo on the Outdoor Industry Association (OIA) Eco Index on behalf of the European Outdoor Group's (EOG) Sustainability Working Group. The EOG has been collaborating with OIA to recrui
QBP Expands Inventory by 50% to Better Service IBDs
QBP has expanded inventory levels by more than 50% compared to this time last year to improve fulfillment to independent bicycle dealers. The initiative adds nearly $15 million of additional pre-season stock…
Skullcandy Looks to go Public
Headphone maker Skullcandy filed a registration statement with the SEC on Friday to raise up to $125 million in an initial public offering. Proceeds will be used to pay down debt and for working capital purposes. The company increased its sales from $9.1
Berghaus Reorganizes to Optimize Growth
Berghaus, the British maker of outdoor apparel, footwear and equipment, has reorganized its business by creating an International Board that will oversee the overall direction of the brand and will work with dedicated regional business units delivering mo
Dick’s SG to pay $15M to Settle Wage Disputes
Dick's Sporting Goods Inc agreed to pay up to $15 million to settle a number of class action lawsuits that had alleged a failure to pay overtime and other promised wages, according to a company filing with the U.S. Securities and Exchange Commission.
Skullcandy Takes Meteoric Growth to the Bank with Initial Public Offering
Headphone maker Skullcandy filed a registration statement with the Securities & Exchange Commission on Friday to raise up to $125 million in an initial public offering. Proceeds will be used to pay down debt and for working capital purposes…
December Snow Sports Sales Top $1 Billion; On Pace to Set Record this Season
The snow sports market is on pace to set sales records this winter as skiers and snowboarders splurge on innovative new gear after two years of privation, according to the latest retail sales data from SnowSports Industries America…
HanesBrands Stung by Rising Cotton Costs in Q4
HanesBrands Inc., the parent of Champion, said that while it's gaining market share across several categories, higher cotton costs and higher expenses to service sales growth depressed fourth-quarter earnings…
Callaway Reports Flat Sales for Q4; Top-Flite, Int’l Ops Cripple Bottom Line
Callaway, Inc.’s once-lofty 2010 earnings goals are being put on hold after the company turned in a fourth quarter that was largely viewed as a disappointment by investors and company management. During a conference call with analysts, company CEO G
Luxottica Gets Q4 Wholesale Lift from Oakley, Ray-Ban
Luxottica Group S.p.A. said sales at its wholesale division, which includes the Ray-Ban and Oakley brands, grew 14.4% to €513.5 million ($698.4 mm), or 7.4% at constant exchange rates, for the fourth quarter. Sales at the division rose in all countr
JD Sports Acquires Ireland’s Champion Sports
JD Sports Fashion, the U.K. retailer, has agreed to acquire the Irish store chain Champion. JD Sports also agreed to advance €17.1 million ($23.4 mm) as a secured loan to allow Champion's outstanding debts to be settled…
JJB Sports Fined For Hiding Acquisition Costs
JJB Sports was fined £445,000 ($609,000) by the U.K.'s Financial Services Authority (FSA) for misleading the market over the cost of two acquisitions…
Tax Cuts Buoyed Early January Consumer Confidence
Tax cuts appeared to buoy consumer confidence in early January, but concern over rising fuel and food costs and flat wages could undermine confidence going forward, according to the Thomson Reuters University of Michigan Surveys of Consumers released Frid
RECALL: Philandteds Jogging Strollers
Phil&teds USA Inc. of Fort Collins, CO, in cooperation with the U.S. Consumer Product Safety Commission and Health Canada, is voluntarily recalling 22,000 of its branded jogging strollers in the U.S and 7,200 sold into Canada because they pose a risk of f
Brunswick Corp. Sees Top Line Up 11% in Q4; Narrows Loss
Brunswick Corp. fourth quarter sales improved 10.9% to $728.8 million from $657.3 million in the prior-year period. The company’s net loss narrowed to $104.1 million, or $1.17 per share, compared to a loss of $124.0 million, or $1.40 per share, in t
