Amer Sports Expects Annual Decrease in EBIT
Amer Sports expects its EBIT for the 2007 fiscal year to decrease from last year's €120.2 million. According to the company, the downturn will result from “the 2006/07 season's uncommonly mild winter, which had a larger-than-anticipated effect o
Asics Sees Q1 FX Rates Boost Bottom Line Growth…
Asics Corporation saw a double-digit first quarter sales increase mirrored in net income growth, despite decreased margins and increased expenses as a result of beneficial currency exchange rates. Global net revenues increased 10.0% to ¥56.84 billion ($47
Aldila Posts Slight Q2 Sales Gain, Exits Hockey Biz…
Aldila posted a slight increase in second quarter net sales as Golf products were relatively flat to last year, but composite prepreg materials were up in the mid-singles. The company announced that it completed production of hockey sticks in the quarter
Gramicci Hires New Sales Agency
Gramicci apparel completed its restructured US sales team with the addition of outdoor industry veteran sales agency YPS Inc.
YPS, with offices in Seattle and Portland, is lead by founder Ned Johnson and his sales team of Steve Plass, Rob Scott, and Kath
Hestra Gloves Names KnS Reps to Cover Rockies
Hestra Gloves, LLC has tapped the team at KnS Reps to cover the Rocky Mountain territory. The rep group consists of Crested Butte resident Kirk Haskell, Front Range specialist Scott Sutton, office manager Tim Cumbo, and on-snow demo expert Bill Mueller.
K2 Settles Litigation Surrounding Jarden Acquisition
K2 Inc. and the City of Roseville Employees' Retirement System agreed to a settlement in principle of the pending litigation in the Superior Court of the State of California brought by the City of Roseville Employees' Retirement System relating
Foot Locker Cuts Q2 Guidance and Explores Strategic Alternatives
Foot Locker initiated several steps during Q2 that are designed to strengthen its business operations. Among those actions are merchandise inventory reduced through aggressive clearance strategy; additional U.S. stores identified for potential early closu
Largest Investor Latest to Take Issue with Everlast Sale…
Shortly following a letter sent by Aquamarine Capital Management to the Everlast Worldwide Board challenging the terms of the company’s sale to Sport Direct, the Board received a letter from the company’s largest independent stockholder, Burlingame Asset
Rocky Brands Q2 Revenues Limp Ahead 2.6%; Loss Expands…
Rocky Brands, Inc.'s Q2 sales increased 2.6% to $58.8 million from $57.3 million. A 16.6% increase in retail revenues offset by a 2.7% decrease in wholesale sales. It also showed a steeper loss due to weaker-than-expected wholesale revenues, increase
LaCrosse Footwear Q2 Income Slips on 14% Sales Gain
LaCrosse Footwear, Inc. second quarter consolidated net sales were $24.9 million, up 14% from $21.8 million in the second quarter of 2006.Operating income was $1.4 million in the second quarter of 2007, up 44% from $1.0 million in the second quarter of 20
Implus Footcare Acquires Sneaker Balls
Implus Footcare acquired Sneaker Balls, a patented shoe deodorizing product. “The Sneaker Balls acquisition further complements our commitment as a leader in the footwear accessory market,” said Todd Vore, Implus President. “We are excited to add Sneaker
Open Air Demo Relocates
Due to poor waterfront conditions at Willard Bay State Park, the 2007 Outdoor Retailer Open Air Demo will relocate upstream to Pineview Reservoir near Ogden, Utah. The event dates, August 7-8, 2007, will remain the same…
Total Luxury Group Signs Apparel Licensing Deal for Pony
Total Luxury Group, Inc. signed an exclusive licensing agreement for the Pony label for all men's and young men's apparel products, which covers the United States, Canada and Puerto Rico. Pursuant to the terms of the license agreement, Total Lux
Bushnell Acquired by Private-Equity Firm…
Bushnell Outdoor Products was sold from one private equity firm to another last week as MidOcean Partners acquired the optical and outdoor products firm from Wind Point Partners. Terms of the deal were not disclosed, but local papers reported the total e
Possible Port Strike Could Stymie Holiday Deliveries…
The Ports of Long Beach and Los Angeles currently face a strike that could send ripples throughout the sporting goods industry, causing late deliveries of fall and back-to-school product. The International Longshore and Warehouse Union threatened to hono
