Li and Fung U.S. Revenues Pass $1 Billion in 2007…
Li & Fung reported its U.S. business passed the $1 billion mark in 2007, achieving the company’s three-year plan. Overall, the company saw turnover of HK$92.5 billion ($11.85 bn) for the year, growth of 36% from 2006, and the largest turnover growth since
Founder Leaves Teko as Anatom Ltd. Enters…
Jim Heiden, Teko's CEO and founder, has left the company as Anatom Ltd., its new U.K.-based distributor, acquires a majority stake. Teko's VP of operations, Owen Hammond, has been named general manager in a move to ensure “a smooth ownership tr
Action Sports Chain Adrenalina Plots National Expansion
Adrenalina, a destination retailer designed for extreme sports enthusiasts, announced that it has signed six new lease agreements as part of a national expansion initiative. The leases include premier mall locations in Atlanta, Denver, New York Metropolit
Pelican Kicks off New Phase with Acquisition
Pelican Products, Inc. said it had acquired its Australian distributor and would begin acquiring more companies to supplement organic growth. It was the first acquisition for Pelican, which makes lighting systems and rigid cases made to protect cameras an
Win Hanverky Ties ’08 Growth to Chinese Market
Hong Kong-based apparel maker, distributor and retailer Win Hanverky is shifting its focus away from a stagnant U.S. economy and toward China in 2008. At the same time, the company will focus productivity efforts on its Vietnamese manufacturing operations
Administration Allows
The Bush administration has declined to withdraw a controversial plan that could significantly increase the cost of importing goods, and instead urged all interested parties to file public comments by April 23, according to the Outdoor Industry Associatio
KangaROOS Names Product Line Manager
KangaROOS has named Deneen Habarta as its new product line manager for the US market. Operating under a new management team, KangaROOS is set to launch its first collection into the US market this fall with a more expansive collection to be introduced for
Li and Fung Reports 36% Revenue Jump in 2007
Hong Kong-based global consumer goods exporter Li & Fung Limited reported strong annual results for 2007, well-exceeding the 2005-2007 Three-Year Plan target. At the same time, the company announced its new 2008-2010 Three-Year Plan target of achieving a
NGF: Strong February Brings YTD Rounds Played Into Black
According to the National Golf Foundation, same-store rounds of golf played in the U.S. in February 2008 increased 10.4% compared to the same month last year. The strong February result was more than enough to offset a decline in January, pushing year-to-
Gander to Open SoFla Store Monday
Gander Mountain said it will open a new 120,000-square-foot store off I-95 in Palm Beach Gardens, Fla. on March 31. Gander added a marine and water sports department, its new Tall Tales-Real Food restaurant and expanded lines of fishing gear for both fres
Easton-Bell Sees Acquisition Bump Push 2007 Sales Up 13.4%
Easton-Bell Sports reported a 13.4% increase in net sales for 2007 to $724.6 million from $639.0 million in 2006 as the company benefited from a full year's worth of Easton sales. Team Sports net sales increased 19.8% to $416.5 million, while Action
Ron Jon Opens Second Caribbean Store
Ron Jon Surf Shop has further expanded the brand’s presence in the Caribbean market with a newly opened store on the Island of Grand Turk, Turks & Caicos Islands, BWI. The Grand Turk store, operated under a licensing agreement with A Grand Turk Ltd, opene
West Marine Takes $56.9M Goodwill Hit
West Marine, Inc. losses jumped in 2007 due primarily to a non-cash write down of goodwill. The company said it also spent $2.7 million cooperating with SEC investigators and paid out $1.3 million in severance to its former CEO. The boat and boating suppl
Hi-Tec Names New UK Sales Manager
Global sports brand HI-TEC SPORTS has appointed Andy Geary as UK Sales Manager. Leading the HI-TEC UK salesforce, Andy will be also be responsible for strengthening relationships with the UK’s leading sports buying groups STAG, INTERSPORT and ALLIED…
LaCrosse’s Danner Receives $1.3M Army Contract
LaCrosse Footwear, Inc.'s Danner subsidiary received a new business order for $1.3 million from the U.S. Army. Danner will supply soldiers with 9,350 pairs of the Danner Explorer boot for a delivery order of $1.3 million in the second quarter of 2008
