Sport Haley Settles Securities Suit…
Sport Haley announced that a class action securities lawsuit that was originally filed in October of 2001 has been settled. The company, Kevin Tomlinson, Robert G. Tomlinson and Robert W. Haley were all named as defendants. The settlement says that Spor
Garmin’s Q1 Margins Hurt by Chip Costs…
Garmin's revenue for first quarter of the year increased 28% to $158.3 million from $123.8 million in the year-ago quarter. Gross margins fell 950 bps to 50.8% for the 2004 first quarter compared to 60.3% last year. SG&A expenses were reduced 40 ba
Thule Taps Houseman for Regional Sales Manager Post
Thule has announced the hiring of Mark Houseman as the Southeastern Sales Manager. In the newly created position, Houseman will be responsible for managing Thule's southeast sales force, including IBD, outdoor/ ski, and automotive sales representati
Gildan Out of Powder for the Back Half…
Gildan Activewear is backing off its previous earnings forecast for its fiscal year due to capacity constraints and lower inventories. It appears the company raided the warehouse in the first of its fiscal year and sold more units at lower prices to meet
Sea to Summit Triples Sales…
Sea to Summit more than tripled its sales in the first quarter of 2004 with 218% growth, thanks to an expanded product line and its new sales force (see BOSS_0410). Seven years ago the company launched its U.S. line with an assortment of travel liners, an
Billabong Launches New Brand
Billabong announces the launch of a new brand: Honolua Surf Co., which will commence as a stand-alone wholesale company separate to the Honolua Surf Company retail division. The Honolua Surf Company retail division will remain the same and continue as a r
LaCrosse Swings to Q1 Profitability…
LaCrosse Footwear posted a 19.4% jump in first quarter 2004 sales, recording $23.7 million in revenue for the period, compared to $19.9 million for the first quarter of 2003. Sales of Lacrosse brands increased to the retail channel in the quarter and Dan
Bite Sees the Market Swinging Up…
Bite footwear has been posting some strong results, with a 20% increase in sales for the month of April – the company’s highest U.S. sales in a single month to date. March also showed the strongest Canadian sales numbers Bite has ever seen as well…
New NSGA Report Focuses on Female Sports Participation
Among sports participants age seven and older, females constitute a majority of participants in four of six fitness activities surveyed for 2003 by the National Sporting Goods Association (NSGA), according to NSGA Vice President of Information & Research
Rebel Sport NZ Sees Sales Shortfall…
The parent company of Rebel Sport NZ, The Briscoe Group ltd., reported total Q1 sales for the company were NZ$67.3 million ($44.9 mm), a 1.9% decline over the NZ$68.6 million ($37.7 mm) posted last year. Rebel Sport sales decreased by 0.14% to NZ$22.0 mi
Guru Apologizes to Cervelo…
Last August Cervélo filed suit against Guru Cycles because of an e-mail correspondence between an unnamed customer and a member of the Guru sales team. Apparently, the Guru employee misrepresented some facts about Cervélo with regards to quality and weig
adidas Unveils its ‘1’ Running Shoe Priced at $250
After three years of highly confidential in-house development, adidas has unveiled what it calls “the most advanced shoe ever”. Sinmply called “1”, the shoe provides intelligent cushioning by automatically and continuously adjusting itself. An exclusive
Germany’s First IPO Since Recession is a Bike Company…
Mitteldeutsche Fahrradwerke, a German bicycle manufacturer plans to launch the country’s first IPO in two years. The company plans to raise €14 million and will be listed on the Frankfurt Stock Exchange…
Brunswick Forms European Marine Umbrella Group
Brunswick Corporation announced formation of an umbrella organization to implement a comprehensive growth strategy for its marine operations in Europe, Africa and the Middle East and to leverage shared services opportunities for all of Brunswick's op
Accell Acquires a Third Parts Distributor
The Accell Group is becoming rather aggressive in their expansion into the bicycle accessories market with the acquisition of a third distributor, the F. van Buuren & Co. B.V. This acquisition gives Accell two Dutch parts distributors with Junker, and F.
