Sport-Haley Q1 Loss Expands Despite 25% Sales Jump
Sport-Haley, Inc. reported a 25% increase in net sales for the third fiscal quarter to $5.3 million from $4.2 million last year. The company did not ship any Top-Flite branded apparel during the third quarter. The net loss for the quarter was $218,000, widening by 15% from a loss of $190,000 last year. Diluted earnings […]
Athlete’s Foot Q1 Comps Slip…
The Athlete's Foot, which is part of NexCen Brands Inc., saw comparable store sales rise 7% worldwide as a 3.5% drop domestically offset a 16% gain internationally. Despite the weak comps domestically, Bob D'Loren, NexCen's president and CE
Backcountry.com Founders Sell Majority Interest to Liberty Media…
Liberty Media Corporation will acquire control of Backcountry.com through a definitive agreement in which Backcountry co-founders, Jim Holland and John Bresee will sell a majority interest in the company…
Walking Company Gains Not Enough for Big Dog…
Big Dog Holdings’ first quarter top line was again lifted by the strong sales results at The Walking Company while the Big Dog Stores were relatively stable from a gross margin dollar standpoint…
Grassroots Outdoor Alliance Launches New Web Presence
The Grassroots Outdoor Alliance unveiled its new 'dual' web portal. The new web presence includes the Alliance's blog and a website portal. The Alliance chose to have a dual web presence to encourage daily interaction…
Rocky Sees Q1 Profits Decline on Lower Margins
Rocky Brands reported first quarter net sales increased 7.2% to $61.7 million versus net sales of $57.5 million as gains in Work and Hunting categories were offset by declines in the Western business, again due to weakness on the fashion side…
PPR Officially Issues Takeover Bid for All Puma Shares
PPR, through its subsidiary SAPARDIS, officially published the offer document for the friendly voluntary takeover offer to the outside shareholders of PUMA AG. SAPARDIS is offering €330.00 ($432.30) in cash for each PUMA share. The offer price values PUMA
Gregory Parent to be Acquired by BAE Systems…
Armor Holdings, Inc., the parent company to Gregory Mountain Products since January of 2005, has entered into a definitive merger agreement to be acquired by BAE Systems, a global company engaged in the development, delivery and support of advanced defens
adidas Group Q1 Net Down; Sales Growth Slows…
adidas Group saw decent top-line growth in the first quarter, boosted by gains at the adidas brand and an additional month of reporting for the Reebok business. However, the bottom line was hurt by higher operating expenses, a slightly higher tax rate, an
The Corner Office Shuffle…
This week saw several top tier executive moves in the outdoor and sporting goods industries. Late on Friday, Polartec, LLC announced that Andrew Vecchione would be taking over as the new president of the company…
Heelys Posts Strong Q1; Outlook Fuels Concerns…
While Heelys, Inc. reported another triple-digit increase in sales and earnings for the first quarter, with earnings growth easily outpacing the revenue jump, a shift in the order book going forward and a proposed share sell-off by existing shareholders m
OIA Opens Nominations for Board Members…
Outdoor Industry Association is soliciting candidates to fill the open seats on the Board of Directors and represent the interests of the OIA membership. OIA Nominations Committee is now accepting Board nominations. OIA seeks to maintain a strong, balance
Square-Headed Scarcity Hampers Golfsmith’s Q1…
Golfsmith posted a mid-singles increase in net sales for the first quarter, thanks to the addition of 13 stores that are not included in the comp base. Comparable store sales actually declined 9.3% for the quarter. According to the company, “comparable s
Garmin Ltd. to Acquire German Distributor…
Garmin has signed a letter of intent to acquire its German distributor, GPS GmbH. Financial terms of the proposed transaction were not released. Following the acquisition, GPS GmbH is expected to change its name to Garmin Deutschland GmbH…
Vecchione Promoted to President at Polartec; Spillane Hired as President of Converse
Polartec, LLC promoted COO Andrew Vecchione to president, assuming leadership from Michael Spillane. Spillane, who has led the Polartec business since July of 2004, has achieved the goal of stabilizing and re-positioning the company as a global, technolog
