Amer Sports Lowers Guidance as U.S. Fitness Business Plummets
Amer Sports Oyj lowered its guidance for the year for the second time this year after reporting a 6% decline in net sales in the third quarter to €433.2 million ($658.5mm) as rapid growth in outdoor footwear and apparel and solid performance by its ball s
Soffe’s Q1 Revenues Jump 20.8%
Delta Apparel said sales of its Soffe brand climbed 20.8% in its first quarter ended Sept. 27, with all of its distribution channels achieving double digit sales growth. Overall sales in the Delta's retail-ready segment, which also includes the Junkf
Amer Sports Lowers Guidance as U.S. Fitness Business Plummets
Amer Sports Oyj said sales and third-quarter earnings fell in its Winter and Outdoor segment as rapid growth at Salomon and Arc’Teryx was overshadowed by a shift in winter equipment shipments to the fourth quarter…
Quiksilver Cut’s Rossignol Price by $78.5M, Studying Equity Sale
Quiksilver, Inc. said it expects to close on the sale of its Rossignol snowsports business in early November, albeit at a substantially lower price. Due to challenges in the global credit markets, the company said it knocked $78.5 million off the price of
SCARPA Centralizes U.S. Headquarters
Just two years after taking over its U.S. operations, SCARPA North America is taking its fulfillment operations in-house and consolidating its warehouse, shipping/receiving facilities and warranty/repair division at it new headquarters located in Boulder,
Adidas Implements Hiring Freeze in Troubled Economy
Adidas Group Chairman Herbert Hainer e-mailed company employees Friday, Oct. 24, to say that due to the troubled economy, the company is imposing a hiring freeze…
Oakley Buoys Luxottica in Tough Third Quarter
Luxottica Group S.p.A. saw net sales increase 12.8% (at constant exchange rates) to reach €1.21 billion ($1.54 billion) in the third quarter ended Sept. 30, 2008, due in large part to the company’s acquisition of Oakley 11 months ago…
Obama Would Monitor Chinese Imports
Sen. Barack Obama has told the National Council of Textile Organizations that he favors monitoring imports of Chinese textiles and apparel once safeguards are removed at year end. If elected President, he said he would also preserve the yarn forward rule
NSGA Names Five to Hall of Fame
The Sporting Goods Industry Hall of Fame Committee has elected five new members to be inducted into the Hall of Fame next May, one retailer and four manufacturers. Hank Derleth, Ripon Athletic; the late Gerry O'Keefe, Spalding/Brunswick/PGA Victor/Sc
OIA Calls on Congress to Pass Affordable Footwear Act
In testimony submitted to the House Committee on Ways and Means, Outdoor Industry Association (OIA) urged Congress to consider the current and future economic challenges faced by the outdoor industry and encouraged enactment of a comprehensive package tha
NanoHorizons Names Textile VP
NanoHorizons Inc. appointed Timothy Skedzuhn to the position of VP, textile business. Skedzuhn has more than 20 years of executive sales leadership experience with a recognized expertise in the application of antimicrobial solutions. Prior to joining Nano
Perry Ellis Strengthens Bank Credit Facility
Perry Ellis International, Inc. entered into an amendment to renew its credit facility until February 1, 2012, with a syndicate of banks and other financial institutions including Wachovia Bank National Association as agent and lender, the addition of Ban
Cybex Issues Recall for Seven Treadmill Models
Cybex is recalling about 19,000 treadmills because they can speed up unexpectedly due to a malfunction with the lower control board, posing a fall hazard to consumers…
TaylorMade, Global Value Team Up
Global Value Commerce and TaylorMade-adidas Golf Company have teamed up to create a new e-commerce store, TaylorMade Golf PreOwned, which is dedicated to the on-line sale of TaylorMade Certified PreOwned golf clubs. The online store provides a quick and e
Backcountry.com Parent Reports Strong Q3 Growth
Liberty Media Corp. said that the e-commerce group of its Liberty Interactive Group, which includes Backcountry.com and Bodybuilding.com, had positive financial results in the third quarter and continued to grow at a rapid pace…
