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Nike U.S. Re-Alignment Hurts Sales and Earnings

NIKE, Inc. reported revenues for the third quarter ended February 28, 2003 increased 6% to $2.4 billion, versus $2.3 billion for the same period last year. Third quarter net income totaled $125 million, or $0.47 per diluted share, compared to $126 millio

Smith and Wesson Q3 Earnings Plunge on Higher SGandA Costs

Smith & Wesson Holding Corporation reported revenue for the third quarter of fiscal 2003 and 2002 was $24.9 million and $21.6 million, respectively. Resulting earnings per share for the same periods were $.01 versus $.07. Revenues for the nine months end

SIA: Specialty Store Sales Up 7.9% as Average Price Dips

According to the SnowSports Industries America (SIA) Retail Audit, sales through the end of January at specialty ski and snowboard shops were up 7.9% compared to the same time period last season. In dollars, that translates to $1.32 billion in sales compa

Spiegel Files For Chapter 11, Secures DIP Financing

The Spiegel Group Monday announced that, in order to address its financial and operational challenges, the company and its principal operating subsidiaries have filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in t

Antigua to Sell Controlling Interest to Ashley NA, LLC

Antigua Enterprises Inc. has entered into an agreement to sell to Ashley NA, LLC common and preferred shares representing a controlling interest in the company for $10.25 million. Ashley NA is owned in common with the Sports Soccer and Lillywhites chains

Thule Nabs Swedish Achievement Award

Thule has been awarded with the Achievement Award 2003 for Corporate Excellence in the “Most Sustained Successful Presence in the U.S. Market” category by the Swedish-American Chamber of Commerce in New York and the Swedish Trade Council in Stockholm…

Confluence Acting CEO Makes it Official

Confluence Watersports recently appointed John
Bergeron as the company's new President and Chief Executive Officer. Bob Sharp has been the acting CEO since May of 2002 and will continue in his position as a principal with American Capital Strategies

Columbia Acquires Mountain Hardwear

Columbia Sportswear Company has entered into a definitive merger agreement to acquire Mountain Hardwear Inc. for aggregate consideration of approximately $36 million, including approximately $30 million in cash and $6 million of debt assumption. The merg

adidas and Louisville Sign Sports Marketing Deal

adidas America and the University of Louisville have reached a multi-year sports marketing partnership. This multi-year sports marketing partnership is an extension of the previous agreement that began in 1998. Terms of the agreement were not disclosed…