GI Joe’s Sell Equity Stake to Finance Growth…
G.I. Joe’s Sports & Auto Stores has received $11.5 million in equity financing through a deal inked last week with Nogales Investors, a Los Angeles-based private equity firm. The bulk of the financing will be used to finance expansion in the Northwest, w
Stearns Acquires Watermark’s Inflatable PFD Business…
WaterMark is selling its inflatable PFD business to K2 Inc’s Stearns division. Stearns has acquired all of the assets of the inflatable personal flotation device business including the SOS and SOSPENDERS brands and all warranty responsibility for the prod
Dynacraft Hit with $1.4 Million Fine for Recall Delay…
Dynacraft Industries Inc. will have to pay the piper for delaying to report problems with its mountain bikes, agreeing last week to pay $1.4 million to settle allegations that they incompletely and belatedly informed the Consumer Product Safety Commission
Some Johnson Outdoors Investors Get Hot Over Buy-Back Plan…
Quarterly conference calls with financial analysts are usually rather muted, and the most excitement usually experienced is a double-digit sales increase, but tempers flared among investors at Johnson Outdoors’ Q4 call on Thursday as management attempted
Johnson Outdoors Q4 Loss Widens Despite Stronger Sales
Johnson Outdoors Inc. reported that total company net sales increased 9.2% for the fiscal fourth quarter ended October 1, driven by the Marine Electronics and Outdoor Equipment business units, but posted a net loss of $3.8 million, or 44 cents per diluted
Dick’s Posts Q3 Net Loss on Galyan’s Integration; Beats Guidance
Dick's Sporting Goods reported net income for the third quarter, excluding merger integration and store closing costs, of $2.9 million, or 5 cents per diluted share as compared to earnings guidance of 3 – 4 cents per diluted share before merger costs
Genesco Q3 Net Income Up 28.4% as Sales Jump 36%
Genesco Inc. reported that net sales for the fiscal third quarter increased 36% to $288 million compared to $212 million for Q3 2004. Earnings before discontinued operations were $12.5 million, or 55 cents per diluted share, for the period compared to $9
Knight to Step Down as Nike CEO; Successor Named
Nike, Inc. has appointed William D. Perez as President, Chief Executive Officer, and Director effective December 28, 2004. Mr. Perez will succeed Nike, Inc. co-founder, Chairman and CEO Philip H. Knight, who will continue as Chairman of the Board. Mr. Pe
Gander Mountain Q3 Net Halved on Weaker Comps
Gander Mountain Company reported that total sales for the fiscal third quarter ended October 30 increased 24.4%, or $34.9 million, to $178.1 million. Comparable store sales decreased 7.5% after a 12.5% increase in the third quarter of fiscal 2003. The com
Globe Appoints New VP of Global Marketing
Globe has appointed Michael Marckx to Vice President of Global Marketing. Marckx will oversee the marketing and direction of the Globe and Gallaz brands. Marckx’s appointment is effective immediately. Marckx has over 18 years of experience in all facets o
Accell Boosts Earnings Outlook; Proposes Stock Split
Accell Group N.V. is adjusting its profit forecast upwards. For the full year 2004 the company now expects an increase of earnings per share by at least 30% compared to 2003. The principal reasons underlying this adjustment are solid sales of bicycles, bi
Level Gloves Launches U.S. Company
Level Gloves has established a US based company, Level USA Inc, in Stowe, Vermont. The company was formed in July, 2004. Level is based in Sondrio, Italy, just minutes from the world famous resort of Bormio, sight of the 2005 World Alpine Ski Championship
Quiksilver Boosts Q4 Sales and Earnings Outlook
Quiksilver, Inc. now expects fourth quarter fiscal 2004 revenue to range between $345 million and $348 million, an increase of 28% to 29% compared to $269 million for the fourth quarter of fiscal 2003. The Company also stated that it expects diluted earni
Shoe Carnival Q3 Net Down 10.3% as Comps Inch Up 0.4%
Shoe Carnival, Inc. announced net earnings for the third quarter ended October 30 declined 10.3% to $4.9 million from $5.5 million in Q3 last year. Diluted earnings per share were 38 cents per share compared with 42 cents per share in last year's thi
Wallenfels Takes the Reins at Mountain Hardwear
Mountain Hardwear announced that beginning January 1, 2005, Mike Wallenfels will transition to President of Mountain Hardwear. Wallenfels will succeed Jack Gilbert, who has served as President from the Company’s founding in 1993. Gilbert will step down f
