Huffy 2003 Loss to Widen; Will Also See $70 mm Q1 Loss…
Huffy Corporation announced late Friday that $3.5 to $5.0 million in accounting entries, related primarily to customer deductions, credits and reserves for inventory valuation and doubtful account receivables for the former Gen-X Sports business, should h
Head NV Sees Tax Hit Hurt Q2 Profits…
Head N.V. saw their bottom line take a major hit in the second quarter, as a $20.6 million (€17 mm) income tax expense drove the net loss for the period up 245%, or up 225% when measured in the company’s native Euro currency…
Bell Sports Merged with Riddell Sports in $240 Million Deal…
Fenway Partners, Inc., the private equity firm that owns Riddell Sports Group, has acquired Bell Sports and its Bell and Giro helmet brands in a $240 million deal with current Bell Sports owners Chartwell Investments Inc., GarMark Partners LP and Wachovia
Thibodeau Takes Over at Alpina as Schaer Retires
Rolf Schaer, President and CEO of Alpina Sports Corporation, has sold his interest in Alpina Sports Corp to Frank Thibodeau, the company’s marketing consultant of the last 20 years. As a result, the reins of Alpina Sports have been handed from Rolf Schaer
Axis Outdoor Gets the Ball Rolling
Axis Outdoor has finalized it's sales force, covering all of North America and hired Allan Slade as Sales and Marketing Manager. Additionally, the distributor has picked up the 2003 ISPO new product innovator award winning 'Dryzone' product
Amer Group Q2 Results Hurt by Income Tax Expense, Tobacco Business Exit……
Amer Group still expects to be the number one sports equipment company in the world, but may have slipped in the second quarter in their drive to achieve that goal. Total company net sales in Q2 were impacted by the company’s withdrawal from the tobacco
Burrell Retires from Garmin; Two New Board Members Appointed
Gary L. Burrell has retired from his position as Co- Chairman and as a director of Garmin. Dr. Min H. Kao, who is the company's CEO and who served with Mr. Burrell as Co-Chairman, will continue as Chairman and CEO. Mr. Burrell and Dr. Kao together fo
Polartec Breaks into the Waterproof – Breathable Category
Malden Mills has chosen the opening day of the Outdoor Retailer Show to announce a major line extension. Tape-able waterproof breathable fabrics will be offered under the sub-brand Polartec Aqua Shell, including one three-ply style, one two-ply with stret
Cold as Ice Re-Structures
Cold As Ice has had an extreme make-over performed on it’s sales force. The Cold As Ice infrastructure has also had a “facelift” with Tina Post & Hether Gibby. Tina joins the customer service team and will be responsible for domestic servicing. After s
The Buckle Sees Q2 Profits Jump 49% on 5.8% Comp Sales Gain
The Buckle, Inc. reported net income for the second quarter of fiscal 2004 increased 48.9% to $5.3 million, or 24 cents per diluted share, compared with $3.6 million, or 17 cents per diluted share, for the second quarter of 2003. Net sales for the period
Callaway Picks Up $2.2 Million Verdict in Dunlop Action
A jury in Wilmington, DE on Thursday returned a verdict of $2.2 million in favor of Callaway Golf Company and against Dunlop Slazenger Group Americas Inc. based on a finding that Dunlop willfully engaged in false advertising when it claimed in 2001 and 20
Mossimo Q2 EPS Cut in Half on Softer Retail Sales
Mossimo, Inc. reported second quarter 2004 net revenues of $6.0 million compared to $6.9 million for the same period last year. MOSS reported net earnings of $1.0 million , or six cents per diluted share, in Q2, compared to net earnings of $1.8 million, o
Bell Sports Acquired by Riddell Parent; Fry to Run Merged Company
Private Equity firm Fenway Partners, Inc. will acquire Bell Sports, owner of the Bell and Giro helmet brands, essentially forming the world’s largest protective headgear and related accessories company, for approximately $240 million. Fenway, which owns f
Amer Group Q2 Net Income Falls 49% on Golf Decline, Tobacco Sale
Amer Group’s consolidated net sales in second quarter declined 9.6% to EUR 225.7 million versus EUR 249.6 million in the year-ago period. Net sales declined due to the withdrawal from the tobacco business in March. Net income fell 48.9% to EUR 4.6 million
Head Q2 Bottom Line Takes Tax Hit; Sales Up 5.1%
Head N.V. reported that net revenues for the second quarter increased by 5.1% to $83.2 million from $79.2 million in the year-ago period. The net loss for the period widened 244% to $30.7 million versus a net loss of $8.9 million in Q2 last year, due pri
