Burton to Acquire Four Star Snowboard Brands…
Burton Snowboards has signed a letter of intent to acquire four snowboard brands from Four Star Distribution – Forum, Special Blend, Jeenyus and Foursquare. Once this acquisition is complete, slated for August, it will mark the first time that Burton will
Cybex Q2 Profits Jump; Secures New Debt Facility…
Cybex International saw net sales for the second quarter ended June 26, 2004 increase 13.7% to $24.0 million from $21.1 million in the year-ago period. Net income was up almost four-fold, delivering $833,000, or 8 cents per diluted share, in profit in the
Gildan Closes Plant after FLA Probe…
Gildan Activewear will close its El Progresso plant in Honduras this month and in the process lay-off around 1,800 workers. The company has been accused of labor violations at the plant, but insists that its closure is not related. According to a local
Atomic Prez Sheds More Light on SBU…
Shortly after publication last week, SEW’s sister publication, The B.O.S.S. Report, managed to catch up with Atomic president Jack Baltz, who shed some light on his decision to launch a Small Business Unit covering the Mid-Atlantic and New York territorie
Black’s Leisure Leverages Diversity…
British sporting goods and outdoor retailer Black’s Leisure Group reported that sales for the first 19 weeks of the company’s fiscal year increased 17.5%, partially due to the addition of eight new stores. Comparable store sales increased 4.2% during the
Rebel Sports Reports Solid YTD…
New Zealand’s Rebel Sports is reporting that it’s 2003-04 fiscal year sales were up 10.3% to NZ$305.4 million ($192.0 million). Results included the recently acquired ‘Glue’ lifestyle stores. Comparable store sales for the chain, including Glue, increased
SEW Goes One-on-One with Tom Cove
Tom Cove was recently appointed EVP of SGMA International and will become SGMA’s President and CEO February 1, 2005. From 1991 to 2004, Mr. Cove served as VP of Government and International Affairs for SGMA.
Mr. Cove spearheaded the soccer industry’s
Axcent Sports Taps Danforth for Director of Product Development
Axcent Sports, the North American Licensee of the Descente brand for athletic sports has hired Allison Danforth as Director of Product Development to its team in Boulder CO…
Gander Mountain Enters The Lone Star State
Gander Mountain will enter the Texas market with the opening of a 87,000 square foot store in Houston in October 2004. This location will join the Corsicana store scheduled to open in August and the Amarillo store scheduled for opening in September. The
Burton Acquires Four Star Snowboard Brands
Four Star Distribution has agreed to sell its Forum, Special Blend, Jeenyus and Foursquare snowboard brands to Burton. Both parties have agreed on terms and are in the due diligence period of the acquisition, which is expected to be complete by August 15t
Cybex Q2 Net Income Jumps on 13.7% Sales Increase
Cybex International, Inc. reported that net sales for the second quarter ended June 26, 2004 increased 13.7% to $24.0 million from $21.1 million for the comparable 2003 period. Net income for the quarter was $833,000, or 8 cents per diluted share, compare
Mountainsmith Appoints Customer Service Director
Mountainsmith has announced the appointment of Elsbeth Heller to the newly created position of Director of Sales Operations, effective immediately. Heller was most recently Director of Customer Service for Watermark Paddlesports. Before that, she held s
Wolverine Q2 Net Up 18.4% on 8.0% Sales Rise
Wolverine World Wide, Inc. reported second quarter 2004 revenue totaled $198.8 million, an 8.0% increase over second quarter 2003 revenue of $184.0 million. Net income was up 18.4% to $11.0 million, or 27 cents per sahre, compared to $9.3 million, or 23 c
Montrail Lands New U.K. and Ireland Sales Agency
Montrail has forged an agreement with Beta Climbing Designs to become the company’s new sales representative for the United Kingdom and Ireland. Starting August 15, 2004, Beta Climbing Designs will take over all Montrail sales and service from Lyon Equipm
Play it Again Parent Sees Q2 Profit Dip 4.0% Despite Higher Franchisee Sales
Winmark Corporation, parent company of the Play it Again Sports franchise operation, reported net income for the quarter ended June 26, 2004 of $726,300, or 11 cents per diluted share, compared to net income of $756,400, or 12 cents per diluted share, in
