Accell Group Affirms 2009 Earnings Will Rise 10%
European bike maker Accell Group N.V. of the Netherlands affirmed last week its profit and turnover, or revenue, expectations for 2009. Based on sales for the period up to and including October and the prospects for the last two months of the year, the co
Johnson Outdoors Finishes 2009 Poised for the “New Normal”…
Johnson Outdoors Inc. sales declined 20.1% to $65.3 million in the fiscal fourth quarter ended Oct. 2, but losses declined significantly in comparison to a year ago when the company took $44.5 million in non-cash goodwill and asset impairment charges…
Phoenix FW’s Q3 Revenues Fall 32%
Phoenix Footwear Group, Inc. reported final profit for the third quarter of fiscal 2009 was $60,000, or 1 penny per share, compared to a net loss of $2.1 million in the year-ago period…
TAF Parent Slashes Q3 Loss; Revenues Down 11%
NexCen Brands, Inc., the parent of The Athlete's Foot, cuts its loss in the third quarter ended Sept. 30, to $1 million, or 1 cent a share, from $38.4 million, or 68 cents, in the year-ago period. Excluding businesses that have been sold, the year-ag
European Footwear Importers Encouraged by EC Vote
As expected, the European Commission Anti-Dumping Advisory Committee voted 15 to 10 against renewing anti-dumping duties on leather footwear from China and Vietnam. The vote gave hope for global footwear brands that will be lobbying intensely in coming we
Johnson Outdoors Slashes Loss, Sales Decline 20%
Johnson Outdoors Inc. cut its loss from continuing operations to $14.2 million, or $1.55 a share, from a loss from continuing operations of $73.5 million, or $8.07, a year ago. While restructuring costs accounted for more than half of the reported operati
NRF Disappointed by Senate Health Reform Bill
The National Retail Federation expressed disappointment in the Senate health care reform bill introduced by Majority Leader Harry Reid, D-Nev…
Bikes for Kids Utah Partners with Cycle Force Group
Bikes for Kids Utah, a non-profit 501(C)3 organization, will purchase 1,000 Bikes for Kids Utah-branded bicycles from Ames, Iowa-based Cycle Force Group. The non-profit will give the bikes to underprivileged Utah children during the its fifth annual bicyc
Zumiez Q3 Sales Inch Up 0.8%; Comps Fall 8.0%
Zumiez Inc. reported total net sales for the third quarter ended Oct. 31, 2009 increased 0.8% to $113.2 million from $112.2 million in the third quarter ended Nov. 1, 2008. The company posted net income for the quarter of $5.1 million or 17 cents per dilu
GAO Report Finds Credit Card Swiping Fees on the Rise
A report by the General Accountability Office released Thursday found that credit card interchange rates have risen despite Visa and MasterCard claims that they have remained “fairly” constant. The National Retail Federatoin said it hopes the
Son Replaces Father as CEO at CytoSport
Michael Pickett is replacing his father Greg Pickett as president and CEO at the sports nutrition company Cytosport. Greg Pickett, who led the company with Michael Pickett since its inception, will remain the chairman of the board of directors. Michael Pi
Adidas to Make Euro 1 Sneakers
Adidas has reached an agreement to make €1 sneakers for millions of people around the world who cannot afford to buy shoes, with pilot production to begin next year in Bangladesh. The move, according to the Daily Telegraph, was inspired by Banglades
Phoenix Footwear’s Q3 Revenues Slide 32%
Phoenix Footwear Group, Inc. reported a net profit of $60,000, or 1 cent a share, in the third quarter compared with a a net loss of $2.1 million, or 26 cents a share, for the third quarter of fiscal 2008…
Jackson Kayak Names VP of Sales
Jackson Kayak recently promoted Marty Cronin to vice president of sales for both the whitewater and recreation/touring divisions. Cronin, who has been with the company since its inception, formerly held the post of vice president of sales and marketing of
Accell Group Expects Higher Turnover and Profit
European bicycle maker Accell Group reiterated that it expects a higher turnover and an increase in net profit of around 10% compared to 2008. Still the company said fitness sales were down, in part because distributors could not obtain financing to buy i
