Dick’s Sporting Goods Q4 Net Income Beats Estimates
Dick's Sporting Goods said fourth-quarter net income rose 8% to $73.2 million, or 62 cents a share, topping recent guidance calling for 60 to 61 cents a share. A year ago, the company posted net income of $67.7 million, or 60 cents a share, for the f
Doug Kelly Out at Russell Athletic
Doug Kelly, who joined Russell Athletic as president about a year and half ago, is leaving the company to pursue other interests. No new president will be appointed. Kelly's duties will be divided among several Russell executives: Gary Barfield, Matt
Shirts and Skins Moves Headquarters
Shirts & Skins, Inc. (S&S), the producer of basketball uniforms, recently announced plans to move its corporate office/warehouse to Tualatin, Oregon, a suburb of Portland, in Mid-February of 2008. The new building will be approximately 15 miles from its c
Keen’s Richardson to Become Chief of Corporate Social Responsibility
Kirk Richardson will step down from his current role as president of Keen to move into a new role as the company's chief of corporate social responsibility. Richardson was named Keen president in February 2006. His move follows the departure of the c
Loop’d Network Launches Site for Skiers
Loop’d Network, a San Diego start-up that is creating a social networking site for action sports brands, has launched a community for skiers. The new site offers skiers the ability to seek sponsorship, enter contests sponsored by brands such as Oakley and
Fox Racing Shox Hires Patent Attorney
Fox Factory, Inc. has hired a high-powered patent attorney, inventor and former mountain biking and motocross enthusiast as its general counsel. David Haugen, who will also carry the title “chief patent attorney,” will focus on ensuring that Fox's i
Outdoor Industry Association Forms PAC
The Outdoor Industry Association (OIA) board of directors has approved the formation of the OIA Political Action Committee. The new political action committee, known as OIAPAC, will support candidates seeking election to Congress or the presidency…
MLS Partners With GSI Commerce
GSI Commerce Inc. has become the new, full-service e-commerce solution provider for Major League Soccer (MLS) recently re-launching the league's Web store at http://www.mlsgear.com. With the addition of MLS, GSI provides e-commerce solutions for near
Shimano Inc. Acquires Pearl Izumi from Nautilus…
Pearl Izumi has a new owner, and it seems to be a better fit this time around. Shimano Inc., the Japanese cycling and fishing gear maker, reached an agreement to buy Pearl Izumi for $69.5 million in cash. Nautilus had put the cycling and running brand on
As Crocs Goes Global, Investors Fret over Rising Inventory and Headcount…
Crocs, Inc. nearly doubled its sales in the fourth quarter, capping a year in which it went from a U.S. to an international phenomenon. But the company's inventory and accounts receivable grew even faster and headcount swelled by 83%, prompting inve
Bob’s Sees Return to Profitability in Q4 Ex Charges…
Excluding an impairment charge, Bob's Stores posted a $3 million operating profit for the fourth quarter versus a loss in the prior-year quarter. Sales advanced 6.7% to $96 million from $90 million. Comps climbed 10%. With the after-tax charge of $5
Cascade Designs Hires European Sales Manager
Cascade Designs, Ltd., announced that Annette Jansen has joined the company as European Regional Sales Manager. Jansen will take responsibility for specific regions within the European sales team and help support the rapidly growing sales of Therm-a-Rest,
Weyco Group Q4 Profits Up Slightly
Weyco Group Inc. reported slightly higher profits for the fourth quarter, despite flat retail sales and declining U.S. sales of the key Florsheim brand. Net income increased 1% to $7.8 million, or 66 cents per share, compared with $7.7 million, or 64 cen
180s Inks International Distribution Partnerships
180s announced a number of new distribution partnerships in Canada, Western Europe and Japan. Coming off a solid showing at the ISPO show in Munich, Germany, 180s announced two new partners Cizen for Japan, Italy, France and Germany; and Dogree Fashions i
Iconix Profits Doubled in Q4 on 76% Revenue Gain
Licensing revenues more than doubled at Iconix Brand Group Inc. in the fourth quarter and nearly doubled for the full year, the brand management company said. The company, which owns, licenses and markets the Ocean Pacific, Danskin, Roca Wear and Starter
