Umbro Increases Stake in China Joint Venture to 40%
Umbro plc has reached an agreement with Win Hanverky Group to purchase an additional 15% equity stake in its licensee for Greater China, Team & Sports Ltd and enter into a revised distribution agreement. Umbro purchased an initial 25% equity stake in Octo
Amer Sports 2006 Net Sales and Income Increase; Expects Flat 2007 Sales
Amer Sports 2006 net sales increased 31% thanks to the acquisition of Salomon. Pro-forma net sales grew 3.5% to €1,792.7 million ($2.252 bn) as compared to 2005 pro-forma sales of €1,732.0 million (2.157 bn). Earnings before interest and taxes (EBIT) wer
Everlast Inks Licensing Deal for Holistic Pain Relief Products
Everlast Worldwide Inc. has signed a license agreement with Bossong Mills Inc. to launch the “Everlast Pain Manager,” a graduated compression band for joint pain produced with Bossong's revolutionary carbon fiber technology. This new product will be
Sportlab to Represent Sugoi in Italy
Sugoi Performance Apparel appointed Sportlab S.r.l. as their new sales agency for Italy. Sportlab is active in the Italian sports retail market, based in Volpago near Treviso, has taken over sales to and servicing sports and running retail outlets in the
Collegiate Pacific Narrows Q2 Loss on 6% Sales Increase
Collegiate Pacific Q2 net sales were up 6.4% to $49.4 million for the quarter from $46.4 million for the same period in fiscal 2006. Net income for the quarter was a loss of $871,000 compared to a loss of $971,000 last year. Fully diluted earnings per sha
Hibbett Changes Name and Forms Holding Company
Hibbett Sporting Goods, Inc. changed its name to Hibbett Sports, Inc., which became the holding company for Hibbett Sporting Goods, Inc., effective February 10, 2007. The holding company was formed to correct a technical error with respect to certain of t
OR Winter Mkt: Hardgoods Brands Go Green Too…
While softgoods companies have been telling the green story for over a decade, and footwear manufacturers picked up the torch in the past two years, many hardgoods manufacturers have been limited in their green message by the technologies available. This
A16 Names Vendor and Rep of the Year
Adventure 16 named Icebreaker as its “2006 Vendor of the Year” and that Black Diamond’s Linh Nguyen has been chosen as “2006 Rep of the Year.” Adventure 16 judges its yearly recipients on a dozen criteria ranging from their dedication to specialty retail
Climbing Continues Growth…
While the rest of the winter market is already bringing out the close-out signs because of the lack of snow, the climbing category seems to be relatively healthy. Most vendors on the floor were surprised by the up-beat nature of the retailers who came by
Nike Inc. Steps Boldly Toward Future with 23:11 Program…
Nike Inc. held their bi-annual Investor Day entitled “The Customer Decides” in Portland last Tuesday and made a number of very important and unusual announcements to the attendees. They presented, in an uncharacteristic amount of detail, the company'
Sport-Haley Sales Dip Takes Net Income into Red
Sport-Haley, Inc. saw net sales for the fiscal second quarter ended December 31, 2006, of $4.2 million, decreasing 5% from $4.4 million for the same period last year. The company saw net income slip to a loss of $221,000 for the quarter from a profit of $
LaCrosse Q4 Improves Despite Decrease in Days…
LaCrosse Footwear, Inc. saw sales improve for both its fourth quarter and full year, with even stronger gains on the bottom line. All that despite a decrease in the calendar days covered by the current period compared to the year-ago. Fourth quarter conso
Buck Knives Consolidates in Idaho, Names VPs
When Buck Knives opened their new manufacturing plant in Post Falls, Idaho, two years ago, they maintained their sales and marketing offices in El Cajon, Calif., for continuity. Now, the transition has been completed as all offices are under one roof in I
OIA Supports New NPS Budget Proposal…
While much of the newly elected democratic Congress was calling President Bush’s new budget proposal, “dead on arrival,” Outdoor Industry Association expressed strong support for the increased funding for National Parks. The Administration’s proposed budg
Gander Pulls Realistic Airsoft Guns off Shelves…
Gander Mountain Company is pulling realistic replica guns from its stores in Minnesota and will sell only airsoft guns that are obviously and unmistakably toys. Gander Mountain will phase out realistic replica guns, in favor of guns that are more obviousl
