Volcom Q1 Sales Slide 15%; EPS Plummets
Volcom, Inc. reported first quarter consolidated revenues were $68.3 million, a 15% drop from $80.6 million in the first quarter of 2008. Total revenues in the company’s U.S. segment, which includes revenues from the U.S., Canada, Japan and most other int
Teva Secures Two New Sales Agencies
Teva, a division of Deckers Outdoor Corporation, has hired Great Pacific Sales to represent the brand in Northern California and McG Sales to represent the brand in the Mid-Atlantic. Both sales organizations will report in to Jake Brandman, Teva VP of Dom
Secretary of Interior Creates Office of Youth
Secretary of Interior Salazar has created a new Office of Youth. The new office will coordinate a department-wide youth program to introduce young Americans from all backgrounds to the beauty, values and importance of our national parks and monuments, ref
Callaway Q1 Earnings Plummet in Tough Golf Market
Callaway Golf Company reported that net sales declined 25.8% to $271.9 million in the first quarter, compared to $366.5 million in Q1 2008. Net income fell 82.8% to $6.8 million, or 11 cents per diluted share, compared to $39.7 million, or 61 cents per d
Mammut Sports Group USA Brings On New Sales Team in the Mid-Atlantic
Mammut Sports Group USA has appointed Mountain Lake Marketing sales agency to represent the brand in the Mid-Atlantic region. The partnership marks another growth step for Mammut as the brand continues to gain market share in North America, with pre-seaso
Report: Foot Locker’s Serra May Retire Soon
The New York Post is reporting this morning that Foot Locker, Inc. Chairman and CEO Matt Serra may be ready to hang up his sneakers after nearly ten years at the helm. The Post said it had learned that Mr. Serra is “gearing up for retirement” and noted h
Rocky Q1 Revenues, Earnings Drop Despite Cost Cutting
Rocky Brands, Inc. said net sales for the first quarter of 2009 decreased to $50.1 million versus net sales of $60.5 million in the first quarter of 2008. The company reported a net loss of $1.1 million, or (20 cents) per diluted share versus net income o
L.L. Bean to Lay Off Over 200 Maine Employees
L.L. Bean Inc. plans to lay off 200 to 240 workers in Maine due to poor sales results, reported the Associated Press (AP). In a letter to its 5,400 employees Friday, the retailer said the voluntary retirement incentives it tried to enforce in February wer
Ruger Q1 Results Skyrocket on Increased Demand; Dividend Declared
Sturm, Ruger & Company, Inc. reported net sales of $63.5 million and earnings per share of 30 cents, compared with sales of $42.5 million and earnings per share of 7 cents in the first quarter of 2008…
Jarden to Offer $250 Million in Notes
Jarden Corp., the parent of Coleman, K2, Rawlings, Marmot and other outdoor brands, said it will offer $250 million in notes and use proceeds to pay off part of its senior credit facility term loans. Jarden said the senior unsecured notes would be guarant
Maturing Performance Apparel Sees Gains Moderate
Performance apparel has been the darling of the sporting goods apparel business over the last few years, netting strong double-digit gains that have masked weakness in many other areas of the apparel market. The categories that make up the performance se
West 49 Warns of Bank Covenant Problems
West 49 Inc. reported its fourth-quarter loss widened to Canadian $8.5 million ($6.9 million) from C$1.2 million ($968,000) a year earlier, and warned that it was in violation of one of its bank covenants at the quarter's close. The action sports cha
Jarden Outdoor Sees Heavy Currency Impact in Q1
Jarden Corp. reported that first quarter net sales for its Outdoor Solutions segment, which includes the Coleman, Pure Fishing, K2 Sports, Marmot and Rawlings businesses, fell 10.2% in the first quarter, historically the division’s largest quarter. Four o
Specialized Recalls Bicycles
Specialized Bicycle Components Inc., in cooperation with the U.S. Consumer Product Safety Commission, has announced two voluntary recalls of bicycles. Consumers are being advised to stop using recalled products immediately unless otherwise instructed…
Columbia Sees Tough Q1, but Exceeds Guidance
Columbia Sportswear has been cited recently by a number of outdoor specialty accounts as a brand that will get more attention this year, but the company has yet to see any real reversal of fortunes in the U.S. market as weakness in the company’s much larg
