Cabela’s Gets Q1 Lift from Improving Margins…
Store efficiency initiatives have begun to yield results at Cabela’s Inc., which said its operating income spiked 70% in the first quarter despite an 8.4% decline in same store sales. Net income rose more than twice as fast as revenues thanks to improved
Dorel Gets Lift from Both IBD and Mass Channels in Q1…
Dorel Industries Inc. said revenue rose 54.9% to $136 million and gross profits and earnings from operations more than doubled at its Recreational/Leisure segment for the first quarter ended March 31. The growth came thanks to two months of results from t
Rocky Reaches Settlement in Case Against Former VP…
Rocky Brands, Inc. reached a settlement in its case against a former VP whom the company claims was attempting to copy some of its most popular shoes. The terms of the settlement involving Defendants Glen Bratcher, Westwood Footwear and Accessories LLC, a
Gander Registers 9.8 Million Shares
Gander Mountain Company said it registered 9.8 million shares of its common stock originally sold in two private placement transactions to major investors, both of whom serve on the company's board of directors and said they remain long-term investor
Pro Hockey Life Acquires Entrepôt du Hockey
Pro Hockey Life Sporting Goods Inc., the hockey superstore concept operating under the Sports Gilbert Rousseau and Pro Hockey Life banners, has completed a private financing round to fund the acquisition of Sports L.G.L. Inc. (“LGL”) in Quebec City, as we
Exel Sells Outdoor Business to Karhu
Exel plans to sell the outdoor business of Exel Sports Brands to Karhu Sports, one of the leading Finnish sports equipment manufacturers. Terms were not disclosed. Exel will keep the remaining floorball business and conduct a strategic review of the struc
Deckers Inc. Gets Q1 Boost from UGG; Ups Full Year Forecast…
Deckers Inc. surged past its original forecast in the first quarter as continued demand of the UGG brand was able to offset slight revenue declines at Teva that were attributed to the later spring and a tough retail environment. The $97.5 million achieve
Oakley’s Q1 Sales Up 15%; Sporting Goods Down…
Luxottica Group said Oakley's Q1 revenues jumped 15%, with double-digit revenue growth in optics and apparel, footwear and accessories businesses. Oakley, which was acquired by Luxottica last year, was led by its O Store retail comps climbing close t
Puma’s U.S. Sales Decline in Q1…
Pinault-Printemps-Redoute (PPR) said Puma's sales rose 6.6% in the first quarter ended March 31, to 673 million euros ($1.07 billion). However, sales fell in the Americas due to weakness in the U.S. mall-based business and in footwear…
Delta’s Third Quarter Suffers on Activewear Decline…
Decreased sales from its activewear segment offset gains in the retail-ready business for Delta Apparel in the fiscal third quarter leading the company to post a net loss after a year-ago gain. Sales for the fiscal third quarter ending March 29, 2008 fel
Hesse Resigns from VF’s Board
VF Corporation announced that Dan Hesse, president and chief executive officer of Sprint Nextel Corporation, has decided to resign from the VF Board of Directors, effectively immediately, to focus on his business commitments. Hesse, 54, was elected to VF&
New Backwoods Owner Posts Loss
Nitches, Inc., which recently acquired the Backwoods outdoor chain, reported sales increased 13.1% in the second quarter ended Feb. 29, to $16.1 million from $14.3 million a year ago. The San Diego-based company posted a net loss of $1.9 million for the q
Hydrapak Hires Sales and Service Support
Hydrapak appointed Jim Vernon as its new Sales Coordinator and David Kim the new Service Coordinator. Together they will help assist with the increased sales and communication activity created by the rapid growth of the Hydrapak brand in hydration packs a
TaylorMade-adidas Golf Names VP for Biz Development
TaylorMade-adidas Golf Company named Pete Sanchez vice president of business development for TaylorMade Golf. Sanchez comes to TaylorMade from Fujikura Composites, where he served as president and chief operating officer since 2001…
TomTom Sales Fall 10.8% in First Quarter
Netherlands-based TomTom said its revenues fell 10.8% to €264 million ($395.5mm) in the first quarter, compared to €296 million ($387.8mm) in the same period a year ago. The company said it expects Europe and North American PND markets will grow by more
