Helly Hansen Posts 179% Profit Growth
In the midst of major re-structuring, including new owners and changes in management, Norwegian-based Helly Hansen delivered a strong financial performance in fiscal 2007. The Helly Hansen group reported profits of NOK 120 million ($23 million), growing 1
NGF: January Rounds Played Slump 4.3%
The National Golf Foundation reports that rounds played for the month of January decreased 4.3% for th month, compared to the same period last year. The group noted that this downturn does not necessarily bode poorly for the year ahead as January typicall
Patagonia Tracks Social/Eco Impact
Patagonia has become the first major apparel manufacturer to track and expose the social and environmental impact of specific garments through The Footprint Chronicles, an interactive website that reveals to consumers the good and the bad involved in manu
New Balance Launches
New Balance debuts a new brand campaign on March 27 that highlights running as fundamental to all sport and spotlights the runner's complex love/hate relationship with running. The television campaign breaks nationally in the U.S. during the NCAA bas
Native Eyewear Sold to A.T. Cross
A.T. Cross Co. announced that it has closed an all cash transaction to purchase Native Eyewear, Inc., the maker of sport performance sunglasses and goggles. A. T. Cross purchased Native Eyewear for total consideration of $17.8 million in cash and the assu
Steven Madden CEO Resigns
Steven Madden Ltd.'s chairman and chief executive, Jamieson Karson, has resigned. The company said Edward Rosenfeld, executive vice president of strategic planning and finance, has been named interim chief executive…
ForeFront Names Director of National Accounts
ForeFront has appointed John Perez as director of national accounts. Perez joins ForeFront from TaylorMade adidas Golf in Carlsbad, Ca., where he spent seven years as an account executive and most recently as a strategic account manager…
Aldila Delays 10K Filing Until End of Month
Aldila, Inc. delayed the filing of its annual 10K report by as much as two weeks, citing accounting work it undertook to revise how it accounts for certain securities transactions that affect its balance sheet and cash flow statements. The maker of graphi
Reebok Pays $1MM Fine for Lead Jewelry
Reebok International will pay a record $1 million civil penalty to settle allegations that it imported and distributed charm bracelets that contained toxic levels of lead, the U.S. Consumer Product Safety Commission said. The agency said in March 2006, a
Therm-a-Rest Hires Associate Global Brand Manager
Therm-a-Rest said that Jenna Wellman has joined Cascade Designs, Inc. as associate global brand manager for Therm-a-Rest. Wellman will continue building on the brand’s position as a leader in outdoor sleeping comfort. Prior to joining Cascade Designs, Wel
Washington Bicyclists Team with German Embassy
Just weeks after cycle advocates made their annual pilgrimage to Washington D.C. to lobby Congress for greater support of cycling, the Washington Area Bicyclist Association (WABA) announced it had found government support of another sort. WABA said it has
Dorel Prepares to Pass on Higher Costs…
When Canadian bicycle maker Dorel Industries Inc. declined to provide earnings guidance for 2008 last week, it was not because of concerns over demand, but the rising costs of supplies and Chinese labor, the company’s CFO told analysts. Earlier in the wee
Dick’s Sporting Goods Tempers Outlook on Weather Shifts, Weaker Economy…
Dick’s Sporting Goods Inc. reported that an abundance of cold weather in the fourth quarter slowed comp store sales growth to 2.7% for the period, cutting the golf season short. The same weather pattern is expected to cause first quarter same-store sales
Vail Resorts Overcomes Late Snow By Raising Prices…
Late snow reduced ski visits – not including season pass holders – by 5.3% at Vail Resorts Inc.'s five western ski resorts in the second quarter ended Jan. 31…
Trek Founder Dick Burke Dies…
Trek Bicycle Corporation and Milwaukee, Wisc. are mourning the loss of Richard “Dick” Burke, the company’s co-founder and chairman, who died in a Milwaukee hospital last Monday of complications from cardiac surgery. He was 73…
