Phoenix Footwear Latest to Post Earnings Warning
As a result of several factors, including changes to the expected timing of contracts and product deliveries at Phoenix Footwear's Altama Footwear unit, and to a lesser extent, softness with the Company's Trotters brand, Phoenix Footwear will no
Obermeyer Launches Academic Incentive Program for Sponsored Athletes
Beginning this academic year, Sport Obermeyer will offer its sponsored athletes an Academic Incentive Program. Obermeyer athletes in grade school through college will now be able to participate and earn monetary rewards for exemplary performance in school
West Marine Cuts Outlook for Quarter, Year
West Marine CEO John Edmondson said recently that August continued the soft trend that West Marine first observed in the latter part of June. Sales have remained soft so far in September and, as a result, he now expects third quarter sales to range from $
Ajay Sports to File Past 10-Q’s and K’s
Ajay Sports, Inc., which owns Pro Golf International, Inc., has announced plans to file all past due 10Qs and 10Ks required for years 2001, 2002, 2003 and YTD 2004. Management said they will focus on restructuring the company to improve the bottom line an
Warrior Lacrosse Expands Sales Organization
Warrior Lacrosse has expanded their national sales team with the recent hire of three sales associates, Jack Piatelli in New England, Chip Mayer in the Southeast, and Scott Hochstadt on the West Coast. Piatelli comes to Warrior from Brine Inc. where he s
EMU Australia Forms Europe Subsidiary
EMU Australia will be taking over pan-European operations under the newly formed EMU Ridge Europe Gmbh. EMU Ridge Europe Gmbh will be headquartered in Hamburg, Germany as a wholly owned subsidiary of EMU Ridge Australia PTY LTD Aussie Corp. to market and
Bike Industry Forms Women’s Coalition
In the midst of the busy Interbike Show, a group of spirited bicycle industry-related women are taking time out to meet other industry women, greet old friends and schmooze. The “Schmoozapalooza” will take place Thursday, October 7, 2004 from 5:30 to 7:30
Ibex Wins Guides Choice Award
IBEX Outdoor Clothing was awarded the American Alpine Institute (AAI) Guide's Choice Award. The award presentation took place on August 12, 2004 at the Outdoor Retailer Summer Market tradeshow in Salt Lake City, Utah.
Callaway Will Miss Estimates; Suspends Future Guidance
Callaway Golf is suspending previously announced quarterly and annual earnings guidance in an effort to fully review the business given the appointment of its new CEO. Specifically, the company is re-evaluating the timing of new product launches and the s
Saucony Moves to Tie Up Senior Management
Saucony Inc. filed papers on Tuesday indicating the company has entered into retention agreements with several officers as incentives to work through any possible change in ownership of the company. The agreements cover Michael Umana, COO/EVP/CFO; Micha
NRF: August Saw Mixed Results at Retail
According to the National Retail Federation, August retail sales in the GAFS category, which includes most geneal merchandise sales, rose 2.0% over last year but dipped 0.4% over July. Sales at sporting goods, book, hobby, and music stores rose 1.4% adju
SIA and VERB Announce National Kid’s SnowSports Day
SnowSports Industries America (SIA) and VERB™, a national government funded kid’s marketing campaign, have created the first-ever VERB SnowSports Day on December 4, 2004. The event will take place in retail stores nationwide and will serve as a catalyst
HEAD Racquet Sports Provides Relief for Florida Retailers
In light of the devastation caused by Hurricanes Charley and Frances and the potential result of Hurricane Ivan, HEAD/Penn Racquet Sports has announced it will provide its Florida retailers with relief on credit terms and interest charges. No interest wi
Private Equity Firm Scoops Up Imperial Headwear
MCG Global, LLC, a middle market private equity firm based in Westport, CT, has acquired Imperial Headwear, Inc., a headwear manufacturer and marketer focused primarily on the golf market, from Arena Brands, Inc. MCG Global led the transaction and the in
EandY Sees Improved Growth for Holiday Season
The Ernst & Young LLP Americas Retail and Consumer Products Group anticipates that the 2004 retail holiday sales increase for November and December will be between 6% to 7% – compared to a 5.7% increase for the same period last year. The robust sales seen
