Gander Mountain Q4 Benefits from Ammo/Gun Sales; Sees Boost from Revived Direct Segment
Riding the wave of skyrocketing ammunition and firearms sales that began to peak during the back-end of 2008, Gander Mountain emerged from fiscal 2008 flying high on a fourth quarter that allowed the outdoor retailer to achieve record-breaking fiscal and
Orange 21: Weak Dollar, Increased Discounting Pull Down H2 of 2008
As a follow up to its initial release of 2008 results the prior week (BOSS_0916) Orange 21 last Monday conducted a conference call to outline their plans to prepare for what will likely be a tough 2009. The action sports company, which manages the SPY and
Wolverine World Wide Q1 Net Falls 58% on Charges, Lower Sales
Wolverine World Wide, Inc. reported that first quarter adjusted profit easily exceeded analysts’ expectations, but management for the footwear brand consolidator warned that 2009 would likely be “one of the toughest years in a few decades for the footwear
Soffe Parent Swings to Profit in Fiscal Q3 on Strong Activewear Gains
Delta Apparel saw considerable strength in its Activewear segment in its fiscal third quarter ended March 28, driven by higher sales of full-package products in its FunTees business. The gains in the Activewear segment, which also includes the Delta bran
Deckers Gets Q1 Boost from Another Strong UGG Performance
Deckers Outdoor Corp. pulled past its projected sales in the first quarter as a result of the UGG brand's positive holiday momentum that has continued into spring. Consumers were introduced to new lines of UGG spring-colored boots, sandals, casuals
West 49 Warns of Bank Covenant Problems
West 49 Inc. reported its fourth-quarter loss widened to Canadian $8.5 million ($6.9 million) from C$1.2 million ($968,000) a year earlier, and warned that it was in violation of one of its bank covenants at the quarter's close. The action sports cha
Under Armour Partners with Ripken
Under Armour will partner will Cal Ripken Jr. and become the official uniform provider for Ripken Baseball. Among the terms of the 5-year agreement, the Ripken Baseball complex in Aberdeen, Md. will serve as the official home of Under Armour Baseball and
Broder Warns of Bankruptcy if Swap Offer Fails
Broder Bros. Co. warned that if it doesn't get most of its noteholders to accept an offer to swap old debt for new debt plus stock, it will be forced to file a Chapter 11 bankruptcy petition…
Cybex Records Q1 Loss as Sales Fall
Cybex International, Inc. reported sales for the first quarter fell 27.0% to $28.9 million for the period through March 28, compared to revenues of $39.8 million in the year-ago period. Management said the sales decline was due primarily to fitness clubs
OBIT: Charles Caravati, Founder of Dixie Sporting Goods Co.
Charles Caravati, founder of Dixie Sporting Goods Co., has passed away on April 25. Caravati founded Dixie Sporting Goods Company in 1952, and served as president until his retirement in 1987. He was also a former chairman of the board of the NSGA Board o
Wilson, NCAA Donate 13,000 Uniforms to Youth
During the most recent Final Four basketball championship games, Wilson and the NCAA partnered to donate 13,000 brand new uniforms to a wide array of youth organizations, church leagues and school programs in Detroit and St. Louis. Working closely with co
Michael J. Gerend to Exit Life Time Fitness
Life Time Fitness, Inc. said Michael J. Gerend, president and chief operating officer, will leave the company. The change is expected to be effective May 1, 2009, subject to the finalization of a separation agreement…
GSI Commerce Expands North American Operations into Canada
GSI Commerce Inc. plans to expand into the Canadian market, which includes opening a new fulfillment center and a long-term agreement with one of Canada's leading retailers. Additionally, the Forzani Group Ltd. has selected GSI's platform and se
Adams Golf CFO to Exit; Company Names Interim
Adams Golf is reporting that Chief Financial Officer Eric Logan has resigned from the company, effective April 30, 2009. He is leaving to become Chief Financial Officer of Evergreen Alliance Golf Limited, L.P., which owns and manages approximately 80 golf
OBIT: James H. Warsaw
James H. Warsaw, former president of Irvine-based Sports Specialties Corp., passed away at the age of 61. Warsaw sold Sports Specialties to Nike for $78 million in 1993. A donation to the University of Oregon led to the creation of the school's Warsa
