Analysts were ecstatic about the surprisingly positive first quarter turned in by the adidas Group that reflected strength in both the Brand adidas and TaylorMade-adidas Golf segments. While currency-neutral revenues jumped 40% when including two months
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Small Business Health Care Blocked in Senate…
The Small Business Health Care Plan, one of the top priorities during OIA’s recent Capitol Summit and a key issue for the SGMA, was defeated in Congress last week. The Bill was proposed by Senator Enzi this year and allowed industry associations to pool
CITA Expands Quota Exemption, but Not Enough…
The Committee for the Implementation of Textile Agreements sent a letter to Outdoor Industry Association and SnowSports Industries America informing the industry groups that it has revised the definition of ski and snowboard pants that are exempt from the
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
OIF Takes a Look at the Hispanic Community…
Amidst the turmoil brewing in the U.S. Congress over the growing illegal immigrant population in the country, Outdoor Industry Foundation is taking a different look at the Hispanic culture that is adding diversity to the country. With the help of UCLA’s A
Small Business Health Care Blocked in Senate
The National Federation of Independent Business is reporting that a key vote in the U.S. Senate on S. 1955, “The Health Insurance Marketplace Modernization and Affordability Act of 2006,” garnered a 55-vote majority but not the 60 votes necessary to proce
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
Smooth Fitness Hires New COO
Smooth Fitness has hired Marc Cerceo as the company’s COO. Cerceo most recently held the same position with Pat Croce and Company. Previously, he was CEO of the Philadelphia chapter of the American Red Cross. Cerceo brings more than two decades of experie
adidas Group Posts Strong Q1 Results on Double-Digit Organic Growth
adidas Group reported that currency-neutral sales grew 40% in the 2006 first quarter, primarily due to the first-time consolidation of Reebok. Excluding Reebok, sales increased 13% on a currency-neutral basis, with higher sales in all regions. In euro ter
CITA Expands Ski and Snowboard Pant Quota Exemption
The Committee for the Implementation of Textile Agreements, an interagency committee chaired by the US Department of Commerce, sent a letter to Outdoor Industry Association (OIA) and SnowSports Industries America (SIA) recently informing the industry that
Hooked On The Outdoors to Cease Publication
After eight years, Hooked on the Outdoors Magazine is officially ceasing publication. “We are making this announcement with much remorse and sadness. The outdoor marketplace is losing a great publication and brand—one that certainly gave back more than an
K2 Technical Apparel Appoints Management Team
Mark Martin, President of both Marmot Mountain LLC, and the Technical Apparel Platform of K2 Inc., made several personnel appointments for the platform. The Technical Apparel Platform is the operating unit in the Apparel and Footwear Division of K2, Inc.
OIF Releases ‘The Hispanic Community and Outdoor Recreation’
Acknowledging the importance of engaging all Americans in active outdoor recreation, the Outdoor Industry Foundation released a study entitled “The Hispanic Community and Outdoor Recreation.” The Hispanic Community is currently the largest minority popula
April Retail Results Surprise the Market…
A later Easter holiday and the warmest April on record combined to provide the perfect scenario for strong sales growth in the month of April. Based on its survey of 59 retail chains, the International Council of Shopping Centers estimates that comp stor
Crocs Expands Dealers to Triple Sales and Profits…
Crocs Inc. hosted its first official conference call as a public company with triple-digit growth in sales and earnings. During a conference call with analysts and the media, some analysts were cheering as they congratulated the management team. The compa
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