Wolverine Increases Guidance on Strong Q2 Results
Wolverine World Wide, Inc. second quarter 2007 revenue totaled $250.3 million, a 5.0% increase over second quarter 2006 revenue of $238.5 million. Earnings per share for the second quarter of 2007 were 28 cents compared to the 25 cents reported for the se
Kellwood Completes Royal Robbins Acquisition
Kellwood Company has completed the purchase of Royal Robbins, Inc., according to Robert C. Skinner, Jr., Kellwood chairman, president and chief executive officer. Royal Robbins will operate as part of Kellwood's American Recreation Products division.
Sochi, Russia Chosen to Host 2014 Winter Olympics
The International Olympic Committee (IOC) named Sochi, Russia as the host city of the XXII Olympic Winter Games in 2014 during its 119th Session in Guatemala City. Sochi beat PyeongChang in the final round of voting by 51 votes to 47…
Hidary Says Everlast Violated Merger Pact
Hidary Group said Everlast Worldwide Inc. violated their merger pact by accepting a new takeover bid from a UK sporting goods retailer, Sports Direct. Hidary said it was continuing to explore all options, including legal and equitable remedies, regarding
Under Armour Launches TV Ads Aimed at Team Girls
In its new “Boom Boom TAP” campaign, Under Armour plans to target the “team girl” segment for the first time in a TV campaign. Like its “Click Clack” campaign, which mimics the noise of football cleats on pavement, “Boom Boom TAP” evokes the noise made by
Stracka Design Acquires Golf Putting Patents
The Stracka Design Company, based in Houston, has acquired two patents that will ensure exclusivity for The Stracka Line. The company said the Stracka Line is a style of golf yardage book that will give highly accurate information for reading a putt line
Timberland Continues to Struggle with Urban Biz…
With slow sales and eroding margins, Timberland delivered another disappointing quarter with every consumer segment except Timberland PRO showing top-line declines. In currency-neutral terms, sales declined 7% world wide. By product category, footwear rev
West Marine Cuts Guidance
West Marine, Inc. lowered its earnings and sales outlook for 2007, citing softness in the market. The boat supplies retailer now expects full year earnings in the range of 24 cents to 34 cents per share, down from its previous range of 45 cents to 55 cent
Hardgoods Vendors See Tough First Quarter…
Without the benefits of acquisition driven top-line growth, and all of the negative factors involved in the various integration initiatives hitting the bottom line, hardgoods vendors had a tough first quarter in 2007. However, softgoods and footwear vendo
Confluence to Boost Personnel, Service and Quality…
For the past three years Confluence has been showing up in Salt Lake City with a story that vendors usually try to avoid. While the company has innovative new products, and creative marketing plans, it is usually apologizing for late deliveries, incomplet
MSR Delays Reactor Stove Deliveries
MSR announced that the MSR Reactor Stove System, previously scheduled for release in spring of 2007 is not ready for release yet. The MSR Reactor stove – which has been hyped as the fastest-boiling, most fuel-efficient windproof stove system available – i
Spyder Promotes COO Jacobs to CEO
Spyder promoted president and COO Jake Jacobs to the position of CEO and president. Mr. Jacobs assumes the role of CEO from David Jacobs, the company’s founder and his father, who will remain the company’s Chairman of the Board…
Vail Resorts Gives Financial Aid to Tahoe Area Fire Victims
Vail Resorts, Inc. will donate a minimum of $75,000 to aid those impacted by the Angora Fire near South Lake Tahoe, Calif. where it operates Heavenly Mountain Resort, the region's largest ski resort. Five dollars from every Heavenly season pass purch
Nike Q4 Earnings Jump 32% on 9% Sales Gain
Nike, Inc. 2007 fourth quarter revenues increased 9% to $4.4 billion, compared to $4.0 billion for the same period last year. Fourth quarter net income increased 32% to $437.9 million, compared to $332.8 million in the prior year, and diluted earnings per
Luxottica Group to Acquire Oakley for $2.1 Billion
Luxottica Group will acquire all of the outstanding shares of Oakley for a cash purchase price of $29.30 per share, together with the purchase of all outstanding options and other equity rights at the same price per share less the exercise price. The tota
