The deal making heated up last week in the outdoor industry as Horny Toad swooped in to pluck talent and trademarks from the remains of nascent lifestyle apparel maker Nau Inc.; Finnish brand Karhu was acquired by its U.S. footwear licensee; and Dorel Ind
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Report: VF Corp. Closes Three Costa Rican Plants…
VF Corp plans to close three factories in Costa Rica by July 16 and dismiss about 400 workers there, according to published reports. The announcement comes as Costa Rica faces rising competition from nearby countries such as Guatemala and Nicaragua, whose
Luxottica Results to be Boosted by Oakley, Hurt by Dollar…
Luxottica Group hosted a mid-period conference call with analysts last week to review its current status and give a peak into how it is progressing after its acquisition of Oakley, Inc., which closed in November 2007. On the whole, the company expects to
NSSF Hails Supreme Court Ruling on Second Amendment…
In a 5-4 decision, the U.S. Supreme Court effectively ruled that the Second Amendment guarantees an individual’s right to keep and bear arms. Relating specifically to the District of Columbia v. Heller case, Washington, D.C. can no longer enforce a ban ag
Srixon to Move in With Cleveland…
At the tail end of 2007, Quiksilver sold off its golf hardgoods business in the form of a $132.5 million deal as SRI Sports, the parent of Srixon acquired Cleveland Golf (see SEW_0745). The deal left the industry guessing at the possible consolidation an
Yue Yuen Reports Second Quarter Revenues Jump 23.5%…
Yue Yuen Industrial Ltd. reported second quarter sales jumped 23.5% to $1.66 billion from $944.5 million a year ago. For the period ended March 31, athletic footwear sales, its largest category, climbed 23% to $668.1 million. Also seeing strong growth wa
Retailers Take Price Increases in Stride for Spring/Summer 2009…
With deadlines for pre-season discounts on spring/summer 2009 product falling over the next two weeks, outdoor specialty retailers appear to be taking the largest wave of price increases in years in stride – in part because they were not as bad as anticip
Black Diamond Cuts Ties with Beal Ropes…
Black Diamond Equipment Ltd said it has amicably ended its formal partnership with Beal Ropes this month…
Nikwax Puts Global Marketing Under U.S. Exec
U.K.-based Nikwax has put international marketing under Chas Fisher, the president of its North American unit. Fisher will be responsible for the strategic and tactical branding efforts of Nikwax in the global market. He will continue to oversee the compa
Fleet Feet Inc. Honors Their Best at Annual Conference
Fleet Feet, Inc. honored the outstanding contributions and accomplishments of its franchisees, employees and vendors during its annual National Franchise Conference that was held at Elkhart Lake, WI June 22-27, 2008. The company also honored Brooks Sport
Fortune Brands Cuts Q2, FYO8 Outlook
Fortune Brands Inc., which owns the Titleist, Cobra and FootJoy golf brands, slashed its earnings outlook for the second quarter and the full year, citing a challenging consumer environment as a result of soaring fuel costs and a large tax increase in Aus
SRI Sports to Consolidate Srixon USA into Cleveland Biz
SRI Sports will begin the consolidation and streamlining of its distribution channels as part of a business realignment effort on a global basis. In North America specifically, beginning September 1st, 2008, Srixon Sports USA (currently headquartered in G
Fayetteville Wants More M.J. Soffe Jobs
The city of Fayetteville, NC, and the Cumberland County Business Council are looking for ways to help M.J. Soffe expand operations at its plants in the region. According to an article in The Fayetteville Observer, Soffe may add about 80 jobs to the appare
Dorel Acquires Accessories Maker PTI Sports
Dorel Industries Ltd. said its Pacific Cycle division acquired the assets of PTI Sports, a leading U.S. designer, manufacturer and distributor of bicycle parts, helmets and other accessories. The acquisition will allow Pacific to sell more product to mass
Brunswick to Close Four Boat Plants, Slash 2,700 jobs
Brunswick Corporation said it will close four more boat plants and lay off up to 2,700 employees as part of a new plan to cut another $300 million in fixed costs in the face of a prolonged and worsening downturn in the U.S. marine market. The company has
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