adidas-Salomon Still Looks for Europe Gains in 2005, Nice Boost in 2006…
Herbert Hainer, chairman and CEO of adidas-Salomon, said in an interview with Reuters last week that he expects sales in Europe to increase in single-digits for 2005 despite a dip in order backlog reported at the end of third quarter. Brand adidas generat
Big 5 Sporting Goods Restatement Casts Shadow Over Solid 2004…
A Big 5 Sporting Goods accounts payable supervisor is at the center of an issue that will cause the retailer to re-state earnings for the years 2000 through 2003, effectively taking the wind out of the sails of BGFV management as they reported another sol
Acushnet Contributes Less to Parent’s Profit Pie, But Market Share Grows…
Fortune Brands reported fourth quarter and full year results, pointing to solid results in the Acushnet Golf division that they said “outperformed the market once again,” but the numbers clearly indicate that the division was a drag on overall FO performa
Garmin 2004 Income Climbs 15% On 33% Sales Gain…
Garmin reported revenue for the fiscal year was $762.5 million, an increase of 33.1% over the $573.0 million generated last year. The Consumer segment reported revenue for the fiscal year of $591.0 million, up 31% compared to fiscal 2003. Recreation GPS
Oakley’s Fourth Quarter Income Triples on Stronger Military and ‘Thump’ Sales…
In spite of initial reports coming out of Circuit City that Oakley’s ‘Thump’ sunglass/MP-3 player was seeing slow sell through, Oakley managed to pull off a very impressive fourth quarter. Oakley Q4 net sales increased 24.5% to $153.0 million, compared wi
The Timberland Company Looks to International for 2005 Growth; Boots a Drag…
The Timberland Company pointed to double-digit constant dollar gains in Europe and Asia, coupled with balanced growth in its Domestic business and stronger global Footwear sales, as the primary drivers for a 7.2% constant dollar increase in fourth quarter
December SnowSports Sales Slow at Specialty; Chain Stores Still Has Gains…
Warm December weather slowed foot traffic in many New England Specialty SnowSports retailers causing nationwide SnowSports Specialty retail sales to slump 5% in units and 2% in dollars during the month. For the same month, SnowSports Chain retailers saw s
Louisiana Court Rejects Bass Pro TIF…
The Louisiana State Supreme Court has ruled that Livingston Parish’s TIF bill, designed to lure Bass Pro into opening a store in the town, was unconstitutional because it used dedicated tax dollars in its funding. The court did not rule on the constitutio
Footwear Brands Point to Fashion to Stand Out…
The Outdoor Retailer Winter Market had a number of consistent messages across the show floor, but perhaps none was more prevalent than the story about the move to add more fashion to technical product. The story was heard at the last Summer Market, but e
The Timberland Company Looks to International for 2005 Growth; Boots a Drag…
The Timberland Company pointed to double-digit constant dollar gains in Europe and Asia, coupled with balanced growth in its Domestic business and stronger global Footwear sales, as the primary drivers for a 7.2% constant dollar increase in fourth quarter
Garmin 2004 Income Climbs 15% with 33% Sales Gain…
Garmin reported revenue for the fiscal year was $762.5 million, an increase of 33.1% over $573.0 million generated last year. This beats guidance given for revenue to be in the range of $742-$746 million. The Consumer segment reported revenue for the fisc
Lafuma Sees Strength Across Board…
Lafuma is becoming more and more dependent on international sales. The French company posted a 9.8% increase in sales to €37.0 million ($48.0 mm) for the first quarter of fiscal 2005 and international sales accounted for 40.0%, or €14.8 million ($19.2 mm)
Sport Chalet Gets New Store Lift in Fiscal Third Quarter…
Sport Chalet, Inc. reported a 23.2% increase in net income to $3.8 million, or 53 cents per diluted share, for its fiscal third quarter ended December 31, due primarily to a decrease in SG&A expenses as a percentage of sales, which more than offset a slig
Blizzard Acquired by IQ-Sport..
On the opening day of ISPO, Blizzard announced that IQ-Sport GmbH will acquire 100% of BLIZZARD from the brand’s parent company, Raiffeisenverband Salzburg (RVS). Financial terms of the deal were not disclosed. The acquisition is expected to close on Apr
Federal Budget Proposal Leaves No Room for Recreation…
Two weeks ago in a letter to President Bush, 78 executives from OIA member-companies asked for full funding of the Land and Water Conservation Fund and the Urban Parks and Recreation Restoration Program. Both programs are designed to help states, cities
