Seattle’s Evo.com Raises $6M to Pursue Growth
<p>Evo, a Seattle-based e-retailer of ski, snowboard and skateboard merchandise, raised over $6 million in a bid to beef up balance sheet to support growth, according to reports…</p>
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Lafuma Swings to Loss in FY 2010, But Poised for Profits Next Year
<p>Lafuma Groupe swung to a loss in the fiscal year ended Sept. 30, but said that with restructuring costs behind it and lower debt it is poised to generate profitable growth in 2011. The French company, which owns the Lafuma, Millet, Eider, Oxbow and Lecham</p>
Nike’s Q2 Excels, But Warns of Cost Pressures
<p>Led by stellar performances in North America and Greater China, Nike Inc. delivered a Jordanesque performance in their second fiscal quarter ended November 30 as earnings jumped 22% on a 10% revenue gain and an 80-basis point improvement in gross margins.</p>
The Finish Line Sees Boost From Running Lead Fiscal Third Quarter Gains
<p>Led by a continuing resurgence in the running shoe category and a pickup in basketball, The Finish Line reported sales rose 8.7% to $260.9 million in its third quarter ended Nov. 27. Comp store sales increased 10.1% for the period on top of a 1.7% increas</p>
Online Holiday Spending up 12% Through Dec. 19
<p>Online sales for the week ended Dec. 19 reached $5.5 billion, an increase of 14% versus the corresponding week last year, according to ComScore Inc. About $900 million of that sum came on the final shopping weekend before Christmas, when spending surged 1</p>
Interbike Expo Adds More Exhibition Space
<p>Interbike is adding 140,000 square feet of additional exhibition space for the 2011 edition of its International Bicycle Expo, to better integrate the concurrent Health+Fitness Business show…</p>
Retailers Post Solid Q3, But See Rising Inventories
<p>After paring down merchandise inventories to all-time lows in the year-ago period, retailers in the third fiscal quarter of 2010 ramped up their stocks in anticipation of better days ahead. Retail chains saw the back-to-school season come slightly later t</p>
Industry Executives Mostly Hopeful About Outlook for 2011
<p>While the sporting goods industry has recovered smartly for many retailers and vendors in 2010 after a brutal 2009, most industry executives appear to be only cautiously optimistic about the prospects for 2011…</p>
New Era Acquires Brazilian Management Company MARC4
<p>New Era Cap Co. acquired a stake in MARC4, a privately-held fashion brand management company in Brazil. Terms were not disclosed…</p>
Li Ning Sees Orders Slip for 2011 Second Quarter
<p>Li Ning Co. reported recently that orders for the second quarter of 2011 have fallen 7% in footwear and 8% in apparel. Both apparel and footwear products saw their average retail prices increase by more than 8% for the quarter. Management for the Chinese </p>
Confluence Acquires Bomber Gear
<p>Confluence Watersports acquired Bomber Gear, a Colorado maker of technical apparel and performance skirts for the whitewater paddling market. The deal will round out Confluence Watersports’ accessories division, which includes premium paddle brand A</p>
Smith and Wesson Gets Tax Credits; Names New CFO
<p>Gunmaker Smith & Wesson Holding Corp. has named attorney Jeffrey Buchanan as executive vice president, chief financial officer and treasurer. Buchanan, 55, has been a member of the company’s Board of Directors and Chairman of the Audit Committee sin</p>
Winter Weather System Buries Colorado as Resort Bookings Trend Up
<p>A significant winter weather system that swept through the Rockies in Western Colorado and Eastern Utah left fresh powder at all 22 Colorado Ski Country USA (CSCUSA) member resorts, according to reports…</p>
SIA: Preseason Snow Sports Sales Inch Up on Higher ASPs
<p>Overall snow sports sales for the 2010/2011 snow sports season through October were up 1% in dollars but slipped 5% in units sold, according to a recent report from Snowsports Industries America. Apparel sales were down 6% in dollars and units due to &#82</p>
Industry Executives Mostly Hopeful About 2011
<p>While the bicycle, outdoor and snow sports markets has recovered smartly for many retailers and vendors in 2010 after a brutal 2009, most industry executives appear to be only cautiously optimistic about the prospects for 2011…</p>
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