Wolverine World Wide Sees Growth Across All Brands in Fourth Quarter
With all brand groups delivering strong double-digit sales increases, Wolverine World Wide, Inc. reported revenue for the fourth quarter grew 23.2% to $385.0 million. Earnings climbed 53.2% to $25.6 million, or 52 cents a share, from $16.7 million, or 33
Amer Sports Doubles Full Year Net Income But Warns of Margin Pressure Ahead
A warning about growing margin pressure from rising labor and input costs prompted investors to bid down stock in Amer Sports last week even after it reported a 21% increase in fourth quarter sales and predicted sales and EBIT growth for the year ahead…
December Golf Rounds Dip
According to Golf Datatech, golf rounds for the U.S. were down 0.8% in December 2010 compared to December 2009 and down 2.3% for the full year…
Dick’s Sporting Goods Settles Labor Lawsuit
Dick's Sporting Goods Inc. agreed to pay up to $15 million to settle a class-action lawsuit brought by current and former employees who say they weren't properly paid overtime and were made to work through breaks…
Acushnet Golf Reports Fourth Quarter Sales Uptick as Spinoff Looms
Fortune Brands, Inc., the parent company of Acushnet, reported earnings and sales improved significantly for the fourth quarter ended Dec. 31 against a prior-year period that included substantial charges…
Johnson Outdoors Narrows Fiscal First Quarter Loss on Cost-Cutting Measures
Johnson Outdoors said “transformative actions,” during the fourth quarter ended Dec. 31 – including higher volumes, improved operating efficiencies and sustained cost reductions – significantly moderated losses for what is traditionally the w
DSW to Merge With Retail Ventures, Raises Outlook
DSW Inc. and its largest shareholder, Retail Ventures, Inc. announced that the two companies have signed a definitive merger agreement providing for RVI to become a wholly-owned subsidiary of DSW…
Lafuma Fiscal Q1 Growth Undercut by China Business
Lafuma Group’s sales edged up 1.9% to €52.4 million ($71 mm) in its fiscal first quarter ended Dec. 31 from a year earlier. Excluding the costs of a transition to a new partnership in China, growth for the quarter would have been 3%…
Summit Hut General Manager Acquires Business from Founder
David Baker, who founded Summit Hut in 1969, has sold the landmark Tucson outdoor retailer to long-time employee Dana Davis. Baker will stay on to guide Davis through the transition over the next 18 months…
Apparel Execs Mull Mixed Input Cost News
Apparel executives concerned about growing margin pressure got mixed news last week on the cost front. On the one hand, textile mills lead a long list of industries paying increased prices in January, according to the latest Manufacturing ISM Report On Bu
Timbuk2 Partners with Kelly Benefit Strategies-OptumHealth
Timbuk2, the maker of messenger bags, announced its sponsorship of the Kelly Benefit Strategies-OptumHealth Pro Cycling team…
Wolverine Promotions to Drive Growth at Merrell and Chaco
Wolverine World Wide's Outdoor Group announced two key executive appointments to drive strategic growth for Merrell and Chaco. Seth Cobb has been named vice president and general manager of Merrell and Chip Coe will serve as vice president and genera
RECALL: Tech 4 Kids Snow Bikes
The U.S. Consumer Product Safety Commission announced a voluntary recall of about 2,100 Outer Edge Snow Bikes from Tech 4 Kids Inc., of Canada…
Hibbett Cuts Q4 Outlook on Soft January Sales
Hibbett Sports, Inc. cut its fourth-quarter earnings guidance after saying sales slowed in the latter half of January. It now expects fourth-quarter earnings between 42 cents to 44 cents a share. It had raised its guidance in November to 47 cents to 50 ce
Edwin Watts Think Golf It’s Friday! Tour
Edwin Watts Golf Shops launched the 2011 TGIF(Think Golf It's Friday!)TOUR, a schedule of 60 weekend events to encourage golf participation. The tour new product testing, performance fitting, par 3 challenges, and more…
