First-Quarter Profits at Target Decline 13%
Target Corp's first-quarter profit declined 12% to $522 million, or 69 cents a share, from $602 million, or 74 cents a share. But results were well ahead of Wall Street's consensus estimate of 60 cents due to limited markdowns and controlled ex
Backcountry.com Launches Two Cycling Websites
Backcountry.com officially launched their two new bike stores:
HuckNRoll.com, dedicated to mountain bikers, and RealCyclist.com, the world's first exclusive road cycling shop online. These new stores join Backcountry.com's other cycling focused
Dynamic Brands Acquires ForeFront Assets
Dynamic Brands, the parent company for Bag Boy, Slotline, AMF Golf, Baby Jogger, and Protect-A-Bub, has acquired the assets of ForeFront Holdings LLC. These assets include golf brands Burton, Datrek, Devant, Sir Christopher Hatton, and Miller Golf. Terms
Zumiez Makes Bid for Active Ride Shop
Zumiez has reached an agreement to acquire Active Ride Shop, which is reorganizing in bankruptcy proceedings. According to court papers filed in the U.S. Bankruptcy Court of the Central District of California, Zumiez will pay as much as $7.2 million in c
VF Corp.’s CEO Talks Up Possible Acquisitions
Eric Wiseman, VF Corp's CEO, said in published reports the company is in “active discussions” on possible acquisitions to expand its outdoor and action sports coalitions. Wiseman said, “There are lots of really interesting discussions about brands th
2009 PGA Fall Expo Promises to Reduce Costs, Adds Efficiencies
Lower participation costs for both exhibitors and buyers; increased exhibitor efficiencies; and an entirely new approach to a buyer-centered show floor are the primary initiatives launching at the 2009 PGA Fall Expo, Sept. 1-2, at the Mandalay Bay Convent
Bike Industry Wins Two-Year Stay on Lead Law
The Consumer Product Safety Commission last week denied the bike industry’s petition to exclude children’s bikes from a strict new lead law but granted a two-year stay of enforcement, giving manufactures a bit of breathing room to figure out how to best c
Adams Golf Goes the Way of Golf Business in Q1
Adams Golf is the latest of the golf hardgoods companies to post negative results in the first quarter, but it appears the brand may have fared better than Callaway (SEW_0918), but roughly in line with TaylorMade (SEW_0919) and Wilson (SEW_0918). Managem
Speedo Sees 1% Q1 Revenue Gain on Higher Margins
Warnaco Group's Swimwear Group, which includes Speedo, reported Q1 revenues dipped 4.6% to $95.9 million and eased 1% on a constant currency basis. Operating income slid 14.9% to $12.6 million. Group results were hurt by currency exchange rates and d
Forzani Responds to Dissident Proxy Announcement
The Forzani Group Ltd. is recommending that shareholders oppose plans announced last week by Crescendo Partners, a New York-based hedge fund, to nominate its own slate of directors for election to FGL's board of directors after the firm accumulated o
Nordica USA President Knittle Retires
Nordica USA President Andy Knittle has retired. Knittle has worked for Nordica for 30 years, the last 10 of which were in the leadership position for Nordica in the USA. Willy Booker has been named to the position of General Manager in conjunction with Kn
FIFA/Kappa Licensee Establishes Offices in New York and L.A.
Total Apparel Group, Inc., which was recently selected as the official U.S. Master Distributor of FIFA and FIFA World Cup licensed product, has opened new locations in New York and Los Angeles. In an effort to manage the sales and marketing requirements f
WNBA Point Guard Signs with Nfinity Shoes
To launch its new basketball shoe, Nfinity has partnered with WNBA sensation Tully Bevilaqua. The Indiana Fever starting point guard has signed on to exclusively wear the women’s-specific sneaker, serve as an Nfinity ambassador, and star in a photo shoot
Dunham’s Ken Meehan Joins NSGA’s Board
Ken Meehan, executive vice president of Dunham’s Sports, has been elected to a three-year term on the National Sporting Goods Association (NSGA) Board of Directors, filling a vacancy created by the retirement from the Board by Curt Munson, president of Pl
Dick’s SG Renews Champions Tour Event
Dick's Sporting Goods has renewed as title sponsor of the Dick's Sporting Goods Open through 2012 on the Champions Tour. This year's event is scheduled for June 26-28 at En-Joie Golf Course in Endicott, N.Y. The tournament has generated ove
