Orange 21 Lowers Guidance; Acquires Manufacturer…
Orange 21 will purchase its Italian manufacturer, LEM S.r.l., subject to certain closing requirements. The purchase, several lawsuits, and a reduction in second half sales, have caused the company to restate guidance to the lower end of its previous estim
Orange 21 Acquires Italian Manufacturing Facility
Orange 21 will purchase its Italian manufacturer, LEM S.r.l., subject to certain closing requirements. The transaction is expected to close in December 2005, at which time it is anticipated that LEM will become a wholly owned subsidiary of Orange 21 Inc..
Timberland CIO, Brigham, Departs
The Timberland Co. confirmed that its CIO, Steve Brigham, will be leaving the company. His departure will be effective on October 31, 2005. Brigham succeeded Yusef Akyuz, who left Timberland in November 2000 to become CIO at The Stride Rite Corp. in Lexi
Reebok Third Quarter Revenues Head South; Net Gets Boost from RLFW Sale
Reebok International Ltd. reported net income for the third quarter ended September 30 of $117.7 million, or $1.87 per diluted share, an earnings per share increase of 39.6% when compared to net income of $81.8 million, or $1.34 per diluted share, for the
Report: African American Households Spend More on Sports Equipment but Go Out Less
African-American households are cutting back their spending in many categories, including food, clothing and basic household items, while investing more in home repair, home entertainment and consumer electronics. Among the products and services that show
Wolverine Appoints Krueger as COO
Wolverine World Wide announced the naming of Blake W. Krueger as president and COO. Mr. Krueger has served as an executive vice president and officer of the company for 10 years with responsibilities for the human resources, retail, business development,
Paddlesports Retailers Show Optimism in Pre-Season…
After coming off of a strong season last year, paddlesports retailers seem to be stocking up for another year of heavy activity, which should translate into some healthy organic growth for the industry as a whole. Preliminary reports from most vendors are
K2 Inc. Still Hitting on Most Cylinders as Company Focuses on the Fundamentals…
While KTO shares took a hit two weeks ago after the company issued a reduced outlook, the company rebounded a bit last week as fundamentals behind the company remain solid with expanding gross margins, flat SG&A expenses, and increases in the bottom line.
Confluence Ramps up Production…
Confluence plans to significantly increase its workforce over the next four months by adding manufacturing and middle management positions. The company plans on adding between 200 and 400 employees at its Easley, S.C. facility over the next four months, p
Amer Closes Salomon Deal…
Amer Sports completed its acquisition of the Salomon business late last week. The transaction value is expected to be approximately €485 million ($593 mm) based on year-end 2004 figures. According to the European Commission on competition, Salomon was re
Rocky Making Boots for Uncle Sam; Upgrades Outlook…
Rocky Shoes & Boots received a contract from the U.S. Military to produce “Hot Weather” boots for approximately $30 million. Shipment of the boots should start during Q4 with an estimated completion date of December 2006.
The company also reported that i
VF Corp.’s Q3 Income Climbs 17% on Outdoor Strength
VF Corporation's third quarter net income increased 17% to $181.9 million from $155.4 million, with earnings per share rising 15% to $1.59 from $1.38. Outdoor business sales rose 14% in the quarter to $521 million from $457 million, with the newly ac
Berta Joins Hi-Tec as Sr. VP of Sales
Hi-Tec Sports USA appointed Bill Berta to the position of Senior VP of Sales. This is a homecoming of sorts for Berta, who previously worked in the role of Hi-Tec National Sales Manager from 1990-1995…
Lou Holtz Set to Open NSGA Management Conference
Lou Holtz will be the keynote speaker at the 42nd Annual NSGA Management Conference & 8th Annual Team Dealer Summit in San Antonio, Tx. Holtz will address more than 400 sporting goods industry leaders at the Conference/Summit’s opening session Monday, May
Rawlings/Worth Win Modell’s Vendor of Year Award
Rawlings and Worth, both brands under K2 Team Sports umbrella, have won Modell’s Sporting Goods “2005 Sporting Goods Vendor of the Year” for the second consecutive year.
The Sporting Goods Vendor Award, given annually to one company, is determined by the
