Nike to Increase Sales by 40% by 2015
In its first analyst meeting in three years, Nike announced plans to increase sales by 40% to $27 billion by 2015. In its full fiscal year ended May 31, 2009, its sales were $19.2 billion. Significant growth is expected to come from foreign markets, appar
Jarden Outdoor Q1 Earnings Soar, Sales Up 4%
Jarden Corp’s Outdoor Solutions segment saw sales rise 3.9% in the first quarter to $614.2 million from $591.3 million a year ago…
Walking Co. Exits Chapter 11 Proceedings
The Walking Company emerged from Chapter 11 after its reorganization plan was approved in bankruptcy court in Santa Barbara, CA…
Snow Sports Sales Grow 4% in ’09/’10 Season
Snowsport Sales for the 2009/2010 season were up 4% over last season, according to the SIA Retail Audit. Snow sport retailers sold $2.94 billion this season compared to $2.82 billion a year ago. Although sales were up in dollars, fewer units were sold thi
Chalk it up to Carbon Fiber; Taiwan Sees Major Gains in Bike Exports
Call it the bicycle machine; Taiwan has a well developed industry that designs, builds and distributes a wide array of finished bicycles, bicycle components and related accessories which displayed good form in the first quarter of 2010…
IMBA Raises Nearly $600K for Public Lands Initiative
Just a week after launching the Public Lands Initiative, the International Mountain Biking Association (IMBA) said that the bicycle industry has pledged $587,000 for the project…
Armstrong Joins Honey Stinger
Lance Armstrong has joined the ownership group at Honey Stinger where he will be collaborating on future product development as well as his endorsement of Honey Stinger energy gels, bars and organic chews…
Adidas Raises Full-Year Outlook as Q1 Profit Jumps
Adidas AG reported its first-quarter net profit rose to €168 million ($234 million) from €5 million in the year-ago period. Revenue grew 4% to €2.67 billion ($3.7 billion) from €2.58 billion. The firm also raised its outlook for 20
Federal Study Shows Obesity Rising Much Faster Among Girls
The percentage of obese girls in the United States increased more than twice as much as the percentage of obese boys from 2003 to 2007, according to a study released Monday by researchers at the Health Resources and Services Administration (HRSA)…
Cabela’s Reports Q1 Earnings Up 58%; Direct Segment Boosts Sales
Cabela's Incorporated reported total revenue for the quarter of 2010, adjusted for divestitures, increased 5.1% to $559.6 million; retail store revenue decreased 1.5% to $271.3 million; direct revenue increased 2.1% to $222.7 million; and comparable
Steve Madden’ Q1 Sales Climb 23%
Steve Madden reported first quarter net sales increased 22.5% to $131.6 million. Retail comparable store sales increased 13.6% for the first quarter. First quarter net income increased 134% to $15.4 million, or 55 cents per diluted share, compared to $6.6
SylvanSport Nominated For Two More Awards
SylvanSport, manufacturer of “Mobile Adventure Gear,” has been nominated for two prestigious business awards in their home state of North Carolina…
Crosman Avoids Layoffs with Municipal Loan
Crosman Corp. will manufacture a new line of products at its Ontario County headquarters rather than laying off about 50 workers. The air gun manufacturer received help from the Ontario County and New York economic development agencies to retain the jobs
Injinji Signs on The Summit Group and Sean Vill as New Sales Reps
Injinji, manufacturer of the Performance Toesock, said hired Sean Vill and Denise Vill-Olson to represent the company in the Pacific Northwest, including WA, OR, AK and northern ID, and The Summit Group, headed by Jim Kelly, to handle the Southeast, incl
JC Penney To Reduce Energy Use by 20% by 2015
J. C. Penney Company, Inc. announced an environmental goal to reduce facility energy consumption 20 percent per gross square foot by 2015…
