Wigwam Sponsors Project Athena
Wigwam, the socks manufacturer based in Sheboygan, Wis., has signed on as a sponsor for the Project Athena Foundation, a non-profit organization helping women with breast cancer and other medical or traumatic setbacks live their athletic and adventurous d
Outdoor Industry’s Margins Squeezed in Q2
Second-quarter sales were brisk for outdoor vendors and retailers, but declining margins caused declines in profits and return on sales. Sales growth nearly kept pace with inventory growth, a good sign as the industry continues to encounter increasing cos
Lululemon Doubles Second Quarter Net Income; Expansion Continues
Lululemon Athletica Inc. more than doubled second quarter net income and the company maintained its earnings guidance in the face of a tough retail environment. LULU also said it continues on its plans to open 35 stores this year. The sales gain for th
Sher-Wood Hockey Acquires Inglasco Assets
Sher-Wood Hockey Inc. announced that it has purchased the inventory, receivables and certain manufacturing assets relating to Inglasco Ltd., a Sherbrooke, Quebec based producer and distributor of hockey related novelty products as well as NHL and CFL li
Ashworth Considers Sale After Q3 Revenues Slump
Ashworth, Inc. ended a disappointing third quarter with the announcement that it is exploring strategic alternatives including a possible sale or merger of the company. The company has retained Kurt Salmon Associates Capital Advisors as its financial advi
G-III Apparel Widens Q2 Loss
G-III Apparel Group, Ltd. said sales of licensed apparel, which includes sports licensed apparel from the four major sports leagues and the Touch by Alyssa Milano collection, increased 30.1% in the second quarter to $67.8 million from $52.1 million, prima
New Karhu Owners Moving Ahead Despite Dispute
KARHU Holding BV is moving forward with plans to launch the Karhu brand worldwide despite a dispute with the Finnish company that sold it exclusive global rights to the brand in late June…
UPDATE: SRAM Says Lehman Deal Moving Forward
Bicycle component maker SRAM said a deal to sell 40% of the company to a unit of bankrupt Lehman Brothers has not closed but is moving forward. If the deal falls through, SRAM will merely look for a new strategic financial partner to help finance its glob
Masterfit University Adds Backcountry Training
Masterfit University Training Centers will offer courses for alpine and telemark boot fitting through two new program tracks. MFU's new Backcountry Connection teaches techniques for fitting and modifying these specialty boots for comfort and perform
Masterfit University Adds Backcountry Training
Masterfit University Training Centers will offer courses for alpine and telemark boot fitting through two new program tracks. MFU's new Backcountry Connection teaches techniques for fitting and modifying these specialty boots for comfort and perform
Orvis Venture Secures Acreage for Texas State Park
Orvis/Cushman & Wakefield has brokered the sale of a 2,864-acre ranch in Texas to the Trust for Public Land in a deal that will expand the Palo Duro State Park by 10 percent. The Orvis Company and Cushman & Wakefield, Inc. formed the joint venture to mar
Nike Names Nike Golf President
Nike Inc. promoted Cindy Davis to president of Nike Golf. Davis will be responsible for driving market leadership and growth for all aspects of Nike Golf. She replaces 28-year Nike veteran Bob Wood, who will be taking on additional responsibilities within
Sports Direct Q1 Profit Flat
Sports Direct International Plc said its sales for the 13 weeks ended July 27 increased slightly from last year. The company further said its trading since the end of July remained in line with its forecast amid tough market conditions…
Podium Distribution Expands Headquarters
Podium Distribution, the skate company based in Torrance, CA, has just expanded both its walls and its employee base. The company recently acquired the 21,000-square-foot office space adjacent to its existing 955 Francisco Street address. According to Pod
G-III Apparel Widens Q2 Loss
G-III Apparel Group, Ltd. reported second-quarter sales increased by 35% to $113.5 million from $83.9 million last year. The company reported a net loss of $3.9 million, or 23 cents a share, for the three months ended July 31, compared to a net loss of $8
