Foot Locker, Inc. net income for the second quarter ended July 29, 2006 was nine cents per share, or $14 million, compared to 28 cents per share, or $44 million last year. As a result, Foot Locker management is now predicting earnings per share from conti
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PSIA, AASI, andNSP Extend Deal with Subaru
The Professional Ski Instructors of America (PSIA), American Association of Snowboard Instructors (AASI), and the National Ski Patrol (NSP) announce that they will receive continued support from Subaru of America, Inc. The new five-year agreement with Sub
SIA Launches Education Workshops
SnowSports Industries America is producing five one-day education workshops for suppliers, retailers and industry reps featuring presentations structured to move product and help businesses make more money in today’s competitive market. The workshop se
Moretz to Merge with Gold Toe
Moretz, Inc. and Gold Toe Investment Corp. will combine, creating one of the largest global sock companies. The deal is backed by The Blackstone Group, a global private investment and advisory firm, which is acquiring Gold Toe and simultaneously facilitat
Copeland’s Files For Chapter 11 Bankruptcy
Copeland’s Enterprises, Inc. filed for voluntary Chapter 11 Bankruptcy in the U.S. Bankruptcy Court, District of Delaware. The company, which also does business under the Copeland’s Sports and ShopSports.com banners, listed assets of $50 million – $100 mi
Newest IWHOF Inductees Announced
The newest class of inductees into the International Whitewater Hall of Fame (IWHOF) was announced at Outdoor Retailer's Summer Market exhibition in Salt Lake City. The class represents a diverse group of whitewater legends comprised of individuals
Diadora Credits Athletes for Tennis Sell-Out
Diadora America Inc. saw a complete sell-out of its Speedzone Pro tennis shoe in Spring 2006 and again for Fall 2006, thanks, in part, to their four top professional tennis players. Ivan Ljubicic, Gaston Gaudio, David Ferrer and Nicolas Kiefer have all be
Phoenix Footwear Narrows Q2 Loss on Strong Organic Growth
Phoenix Footwear Group, Inc. reported that net sales for the second quarter increased 127.1% to $34.9 million compared to $15.4 million for the second quarter of 2005. The revenue gain reflects an 87.8% increase in Altama, a 25.8% increase in Royal Robbi
Execute Sports Adds to Sponsorship Roster
Execute Sports, Inc. has signed Craig Warner to its Execute vest and wetsuit team and also to its Kampus footwear team. Craig is one of the leading pro racers on the American Power Boat Association (APBA) tour, and is currently amongst the top competitors
adidas Group Ups Sales Guidance on Strong Q2…
adidas Group increased its guidance for the year on better-than-expected gains at both brand adidas and TaylorMade-adidas Golf in the second quarter. The company also increased guidance on its full year brand adidas outlook despite footwear backlog decli
TM-aG Increases 2006 Guidance on Strong Q2, GNC…
TalylorMade-adidas Golf sales increased 30.7% for the second quarter to €264 million ($332 mm), compared to €202 million ($255 mm) in the 2005 second quarter. In U.S. Dollar terms, TM-aG sales grew 30.3%. TM-aG currency-neutral sales increased 28% in the
Outdoor Recreation Contributes $730 Billion to U.S. Economy…
Outdoor Industry Foundation introduced a research report designed to document the economic impact of outdoor recreation spending. The well-attended press conference included comments from Frank Hugelmeyer, president of Outdoor Industry Association, Secret
Head NV Posts Q2 Loss on Shrinking Sales, Lower Margins…
The second quarter was a reversal of fortunes of sorts for Head N.V. as momentum it gained in the first quarter gave way to declines across all divisions of its business in Q2. Still, management said that they have met their internal expectations as the
OR Summer Market – Another Successful Show…
The weeks leading up to OR Summer Market are generally full of anticipation, tight deadlines, and frayed nerves. This year, these effects were multiplied by the fact that OR celebrated its 25th birthday, extended the outdoor demo to two days, expanded the
Li and Fung First Half Earnings Out-Pace Sales
For the first half of 2006, profit attributable to shareholders reached HK$764 million ($98.5 million), an increase of 24% over the same period in 2005. The Group’s turnover increased by 19% to HK$28 billion ($3.6 billion). This increase is above the targ
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