Investcorp, a private equity firm incorporated in the Cayman Islands, is selling Helly Hansen after holding onto the company for nearly ten years. Investcorp has also included well-known companies like Saks, Gucci, and Tiffany in its past portfolio. Helly
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NGF: Strong Start for Golf in ‘06…
According to the National Golf Foundation, 2006 is off to a better start for golfers than 2005. Rounds played in the U.S. were up nearly 10% in the first quarter of 2006 over the same period last year when rounds played were down 5.2%. Same-store rounds
Golf Town Shrinks Q1 Loss…
Canada’s golf specialty retailer, Golf Town, had a strong first quarter with both new stores and old contributing to top line growth. The strong sales helped to shrink the net loss in what is typically the company’s quietest quarter.
In the first quarter
Head Sales Increase on Euro Shift; Looks to Golf…
Head N.V. saw continued momentum in the first quarter as increased racquet sports participation and a particularly good snow year in both Europe and the U.S. pushed the top line and restructuring efforts continued to boost margins. The strong performance
Skiing and Adventure Travel Drive Intrawest in Q1…
Intrawest finished its first quarter of 2006 well above last year, with total revenue up 18% to $550.9 million and EBITDA up 24.7% to $136.5 million from $109.5 million last year. However, due to a change in the estimated depreciation on resort assets, in
Pacific Cycle’s Big Box Sales Down; IBD Sales Up
Dorel Industries, parent company to Pacific Cycle and the Schwinn and GT brands, reported revenues for the first quarter declined 4.4% to $451 million compared to $472 million a year ago. Earnings declined 11.1% to $24.2 million from $27.2 million and dil
Endura Licenses Asics Watches…
Endura SA, parent company to the Swatch brand, signed a global licensing agreement with ASICS Corporation. Endura will create a new collection of ASICS timepieces. In spring 2007, the new ASICS watch collection will debut at the Baselworld Watch and Jewel
EK Wins Lawsuit against Chisco…
In a Consent Judgment and Permanent Injunction entered on April 20, 2006, the United States District Court for the District of Utah has decreed that Chisco’s P2 Powercord eyewear retainer infringes on EK Ekcessories’ 3 Way Retainer Patent. Chisco was perm
EK Wins Lawsuit Against Chisco
In a Consent Judgment and Permanent Injunction entered on April 20, 2006, the U.S. District Court for the District of Utah has decreed that Chisco’s P2 Powercord eyewear retainer infringes on EK Ekcessories’ 3 Way Retainer Patent. All members of the Chis
REI Breaks Ground on Eastern Distribution Center
Recreational Equipment, Inc. broke ground for its new distribution center in Bedford, Pa. At the ceremony to celebrate the milestone, two community grants as well as the donation of a house to Habitat for Humanity were announced. The distribution center w
adidas Group Picks Up Russian Reebok Distribution
The adidas Group bought the distribution rights for the Reebok brand in CIS (Russia, Ukraine, Kazakhstan, Belarus, Uzbekistan, Armenia, Azerbaijan) from ZAO RBK-Retail, Reebok’s Russian distributor. Effective January 1, 2007 adidas Ltd., Moscow will becom
Footstar Q1 Net Loss Doubles on 13.5% Sales Decline
Footstar first quarter net sales decreased 13.5%, to $133.9 million in 2006 compared with $154.8 million in 2005. The company's net loss for the quarter was $3.4 million or 16 cents per diluted share compared to $1.4 million or 7 cents.
PacSun Q1 Net Drops 32.4%
Pacific Sunwear of California, Inc. saw sales for the first quarter increase 7.1% to $299.9 million from $280.0 million for the same period last year. First quarter net earnings were 16 cents per diluted share, including 3 cents related to stock option an
HO Sports Appoints Officers
HO Sports Company, Inc. appointed Bob McKeeman, VP operations, Sharon McMullen, VP finanace & information systems, Sherri Miller, VP sourcing & logisitics, and Gregg Vukelic, VP research & development as officers of the company…
Pacific Cycle Sales Drop 7%; Dorel Earnings Fall
Dorel Industries Inc. first quarter net income was $24.2 million or 74 cents per diluted share compared to $27.2 million or 83 cents per diluted share a year ago. First quarter revenue was $451.0 million, down from $471.9 million last year. First quarter
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