Veltec Sports will extend its distribution of LOOK Carbon Fiber Frames, Pedal Systems and Components into Canada. Veltec Sports and LOOK Cycle reached this agreement after reviewing the needs and opportunities of the Canadian market…
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Veltec Launches SnowSports Division
Veltec Sports is bringing their expertise and marketing horsepower to the slopes this winter. Veltec’s new Snow Sports Division will make its official debut at January’s SIA Show, showcasing the latest helmets, goggles and eyewear from Briko, energy nutri
Specialty SnowSports Sales Inch up 1% During Pre-Season
Overall sales for the entire winter sport market, were up 3% in dollars to $323.3 million for the August through October period of 2004, compared to $313.7 million reported last year, according to the SIA Retail Audit. Unit sales were down 3.6%. Sales at
PSIA, AASI, and NSP Celebrate Ten Years with Subaru
2004 was a milestone year in the ten-year partnership between the Professional Ski Instructors of America, the American Association of Snowboard Instructors, the National Ski Patrol, and Subaru of America. In September 2004, vehicle number 5,000 was sold
Quiksilver Sales Surpass Billion Dollar Mark in Fiscal Year
Quiksilver, Inc.reported that consolidated revenues for the fourth quarter of fiscal 2004 ended October 31, 2004 increased 30% to $350.3 million as compared to fiscal 2003 fourth quarter consolidated revenues of $269.2 million. Consolidated net income inc
Rocky Receives Financing Commitment for EJ Acquisition
Rocky Shoes & Boots has received financing commitments, subject to customary closing conditions from GMAC Commercial Finance LLC and American Capital Strategies, Ltd for credit facilities totaling $148 million. The new credit facilities will be used to fu
Nike Fiscal Q2 Net Up 46%; U.S. Futures Increase 10%
NIKE, Inc. reported second quarter revenues increased 11% to $3.1 billion, versus $2.8 billion for the same period last year. Second quarter net income totaled $261.9 million, or 97 cents per diluted share, compared to $179.1 million, or 66 cents per dilu
Canadian Apparel Federation Welcomes Government Support for Industry
The Canadian Apparel Federation welcomed a major announcement on apparel industry issues made this week by
Finance Minister Ralph Goodale. The announcement included reductions in customs duties totaling $90 million on imported raw materials – such as fab
Russell to Acquire Brooks Sports in $115 Million Deal
Russell Corporation has signed an agreement to acquire Brooks Sports, Inc. for approximately $115 million. Brooks' sales for 2004 are expected to be approximately $95 million and the acquisition is expected to be accretive to Russell's 2005 earn
WSA Appoints Director for Retail Relations
The World Shoe Association, producers of the largest footwear trade shows in The Americas, announced the appointment of Leslie Gallin as director of Retail Relations and The Collections at WSA, an upscale exhibition highlighting luxury and designer brands
Malden Appoints New COO
Michael Spillane, Malden Mills Industries Chief Executive Officer announced that Andrew Vecchione has been named as the Chief Operating Officer for the company. Vecchione, the former COO for Remcon Plastics, begins work at Malden Mills immediately. In his
Kiva Inks Licensing Deal with Rick Steves
Kiva Designs announced its expanded relationship with Rick Steves, America's best selling travel author and host of public television's “Rick Steves' Europe”. The exclusive vendor of Rick's travel bags for the past several years, KIVA
Mountain Hardwear Makes Management Appointments
Mountain Hardwear Inc. has named Ted Ganio product manager of outerwear and Ulrike Kupfer has been appointed European marketing manager for the company. Prior to joining Mountain Hardwear, Ganio was the vice president of operations at Adventure Medical Ki
Huffy Corp. Completes Auction of Action Sports Brands…
Huffy Corporation completed the auction of its snowboard and other action sports businesses on Friday, with the initial stalking horse bidders emerging as the winners in the sale…
The Athlete’s Foot Settles Back into Original Model; Will Shutter Corporate Stores…
As Sports Executive Weekly speculated earlier last week, The Athlete's Foot on Thursday filed for Chapter 11 bankruptcy protection less than one year after a management team led by CEO Bob Corliss acquired the athletic specialty retailer from former
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