TaylorMade Cuts 170 jobs After Ashworth Acquisition
TaylorMade-Adidas Golf is cutting 170 jobs, or about 12% of its local work force, as it integrates its new Ashworth acquisition. TaylorMade acquired Ashworth Inc., also based Carlsbad, CA, for $73 million on Nov. 21. According to the North County Times in
A4 Opens Two Regional Warehouses for Jan. 2009
A4, working in a joint venture with Frazier Sports, will start shipping orders in January 2009 from its two new regional warehouses in Waco, TX and Atlanta, GA…
PIA Names Canoe Kentucky Founder as CEO
Canoe Kentucky founder and co-owner Ed Councill has been named as CEO of the Paddlesports Industry Association (PIA) — a trade group representing canoe, kayak and raft manufacturers, retailers, outfitters and instructor programs across the US. Councill r
Schutt Responds to Patent Infringement Allegations
"One has to question why an Illinois corporation, residing in California, and reconditioning in Mexico, would file a patent lawsuit in Madison, Wisconsin," says Robert Erb, President and CEO of Schutt Sports, Inc., in response to a patent infrin
OIA: Pace of Outdoor Sales Growth Continued in October
According to the Outdoor Industry Association (OIA) Outdoor Topline Report, October retail sales rose 8% in dollars compared to October 2007. All four major product categories – equipment, equipment accessories, apparel and footwear – grew in October…
G-III Lowers Guidance on Expected Discounting
G-III Apparel Group, Ltd. said net sales for the third quarter increased 29.6% to $351.6 million from $271.2 million in the comp quarter last year. Net income for the three months was $28.8 million, or $1.68 per diluted share, compared to $23.8 million, o
Lululemon Q3 Net Up on 4% Comp Gain; Founder Transfers Shares to Employees
Lululemon athletica inc. said it is approaching the uncertain economy by carefully monitoring its inventory and slowing store expansion. The Canada-based maker and retailer of yoga and fitness-inspired clothing said net revenue increased 34% to $87.0 mill
Kohl’s Grabs Mervyns Locations
Kohl’s Corporation prevailed in a joint bid with Forever 21, Inc. in an auction of leaseholds held last week for Mervyns sites. Together, the retailers acquired 46 locations for approximately $6.25 million. Kohl’s will assume 31 of the locations while For
Pacific Sunwear Apparel Grows as Footwear is Eliminated
Pacific Sunwear VP of Investor Relations Gar Jackson clarified the circumstances surrounding Division President Thomas M. Kennedy’s recent resignation during the Pacific Sunwear presentation at the Wedbush Morgan Securities California Dreamin’ Management
Season Pass Sales Soar, Bookings Dive at Vail Resorts
Vail Resorts, Inc said last week that its season pass sales were up 29% from the same time last year, but that advance bookings at its mountain resorts were off 23%. The company said that if bookings don’t improve it will have to lower its guidance for th
Ahnu Expands Retail Footprint with Eddie Bauer, The Walking Company Doors
Ahnu Footwear has formed two new retail partnerships that will send the brand past the 800-retailer milestone in spring 2009. Both The Walking Company and Eddie Bauer will begin carrying Ahnu men’s and women’s designs…
Sullivan Named Cloudveil Prez
Cloudveil named Co-Founder Stephen Sullivan President of the company following the resignation of Co-Founder and President Brian Cousins. Cousins leaves Cloudveil after helping to complete its integration with parent company Spyder Active Sports to pursue
Q2 Net Income Plummets for Smith and Wesson
Smith & Wesson Holding Corporation reported a net loss for the second fiscal quarter of $76.2 million, or $1.62 per fully diluted share, compared with net income of $2.9 million, or 7 cents per fully diluted share, for the comparable quarter last year…
Arena Football League Cancels 2009 Season
The Arena Football League has canceled its 2009 season, but the indoor football league, which has struggled financially for several years, said it plans to resume play the following year. The AFL said its board of directors voted on Sunday night to suspen
REI Partners with Zumobi to Provide Instant Ski Resort Conditions
REI has teamed with mobile software company Zumobi to launch the REI Snow Report, an application for iPhone, BlackBerry and Windows Mobile that gives users instant information on ski conditions at resorts in the U.S. and Canada…
