Outlast Acquires Frisby Assets; Litigation Continues…
After nearly three years of legal battles over patent infringement between Outlast Technologies and Frisby Technologies over the rights to “Phase Change Materials”, Outlast has bought substantially all of the assets of its competitor…
Currency FX Rates Limit Rossignol’s Full Year Sales…
Rossignol closed the books on the company’s 2004 fiscal year, which ended in March, reporting a 1.1% decline in sales when measured in Euros, down from €484.9 million ($482.0 mm) in 2003 to €479.4 million ($563.7 mm) for the past year. With over half of i
Deckers Uses Stock Sales to Clean Up Balance Sheet; Pays Off Thatcher Early…
Deckers Corp. has completed the sale of 1.5 million company shares for net proceeds of $35.2 million, and has used the proceeds to substantially eliminate company debt. Deckers paid in full its $7 million subordinated note issued to the Peninsula Fund, an
Yue Yuen Closer to Providing One-Stop-Shopping for Vendors…
Yue Yuen is moving beyond footwear and apparel and into bags and accessories. The Taiwan based manufacturer has acquired a 30% stake in Prosperous Industrial Holdings Limited, an OEM/ODM manufacturer of sports bags, luggage, golf bags, hand bags and trave
NSGA Elects Five New Board Members
The National Sporting Goods Association announced five new members of its Board who will serve three-year terms. Steve Harding, President of Kep Harding’s Sport Shops in Lincoln, NE; Bill Reynolds, COO of New Balance DFW in Dallas, TX; Kevin Adams, Presid
SGMA: America’s Seniors Are Active both Indoors and Outdoors
America's seniors are getting in tip-top shape, so they can enjoy the great outdoors. According to SGMA International's recent analysis of the Superstudy® of Sports Participation (conducted by American Sports Data), 13
SGMA: Solo Sports Appeal To U.S. Men
When it comes to athletic activities, American men prefer individual sports over group/team endeavors. According to SGMA International's recent analysis of the Superstudy® of Sports Participation (conducted by American Sport
IMBA Goes to Washington
The IMBA Summit has earned generous sponsorship from a diverse group of supporters. The Federal Highway Administration's Recreational Trails Program is the event's leading sponsor. The Bikes Belong Coalition, Quality Bicycle Products and America
Phoenix Footwear Looks at Another Acquisition
Phoenix Footwear Group, Inc. is engaged in discussions regarding a possible acquisition of Altama Delta Corporation, a privately held Atlanta, Georgia-manufacturer of boots for the military and commercial markets. In the last fiscal year, Altama Delta had
Costco Q3 Income Jumps 29% on 14% Sales Gain
Costco Wholesale Corporation's net sales for the third quarter of fiscal 2004 increased 14% to $10.67 billion from $9.34 billion during the third quarter of fiscal 2003. On a comparable warehouse basis, that is warehouses open at least a year, net sa
REI Continues Expansion Plans
REI is in the final stages of lease negotiations to open a second store in Austin, Texas, at 6th Street and Lamar Boulevard in Austin’s Market District. The proposed store will open fall of 2005. REI opened its first downtown Austin store in 1989, but rel
Genesco Q1 Earnings Jump Nearly 76%; Raises Guidance
Genesco Inc. reported that first quarter net earnings jumped nearly 76% to $5.8 million, or 26 cents per diluted share, for the period ended May 1, 2004. Net sales for the first quarter were up 17% $226 million compared to $193 million for the first quar
Deckers Repays All Outstanding Debt with Stock Offering Proceeds
Deckers Outdoor Corporation has repaid all of its outstanding loans, using a portion of the proceeds derived from its previously announced common stock offering which closed on May 18, 2004. With the net offering proceeds of $35.2 million, the Company pai
Russell Athletic Unveils New ‘Energetic’ Logo
Russell Athletic recently unveiled a more athletic and evolutionary version of its classic red and blue capital “R” logo that has been seen for decades on thousands of sports teams worldwide. The new logo features an energetic orientation, a richer blue c
Hooked on the Outdoors Re-Locates
After six years of constant growth, Hooked on the Outdoors magazine and parent company ADventure LLC are making their
biggest move yet, relocating their national headquarters to a 13,000 square foot custom office facility north of Atlanta….
