Delta Apparel’s Q1 Profits Slide on Revenue Decline
Delta Apparel, Inc. reported sales declined 5.3 percent in the first quarter ended Sept. 30, to $130.1 million from $123.5 million a year ago…
Target Adds Canadian Freeskier to Action Sports Team
Target, which is preparing to open its first store in Canada in March of next year, added Canadian freeskier Rosalind Groenewoud to its roster of action sports…
Deckers Outdoor’s Q3 Hit by Weakness at Ugg
Hurt by weaker sales of Ugg due to rising prices and warm weather, Deckers Outdoor Corp reported net sales in the third quarter fell 9.2 percent to $376.4 million compared to $414.4 million for the same period last year. Net earnings slumped 32.3 percent
RECALL: Rim Tape for 800 Flo Cycling Wheels
Flo Cycling LLC of Las Vegas is recalling bicycle wheel rim tape provided with about 800 wheels because it can fail and break under pressure…
Puma SE Q3 Earnings Plummet on Margin, Expense Woes
Puma SE reported that third quarter consolidated sales grew by 6.0 percent in euro terms and by 0.5 percent currency adjusted to €892.2 million ($1.12 bn). Net earnings fell by 85.1 percent to €12.2 million, or 81 cents per diluted share. Foot
Bridgedale Seeking North American Distributors
Bridgedale said Garmont NA will continue to distribute its socks in North America through mid-December, while Bridgedale seeks new distribution partners for the region. As reported in September, Garmont NA will relinquish its distribution deal with Bridge
Hanesbrands Counters Cotton Prices with Cost Cuts to Grow Q3 Profits
HanesBrands reported that sales for Champion activewear and Gear for Sports licensed apparel increased, but higher cotton costs suppressed segment operating profitability in the third quarter. Still, the company grew overall profits faster than sales duri
Iconix Acquires Umbro from Nike
Iconix Brand Group, Inc. signed a definitive agreement to acquire the Umbro brand and related intellectual property assets from Nike, Inc. for $225 million in cash. The transaction is expected to close by the end of the year…
Adidas Claims Victory in Nike/Flyknit Lawsuit
A German court ruled a temporary injunction brought by Nike over Adidas sales of the Adizero Primeknit running shoe cannot be sustained, according to a report in Reuters…
A.T. Cross Optical’s Q3 Sales Up 8 Percent
The Cross Optical Group (COG), which owns the Costa and Native eyewear brands, had third quarter revenue of $19.5 million, an 8.0 percent increase compared to last year, parent company A.T. Cross Company reported…
RECALL: Louis Garneau Sports Inc.’s Pulse LTD 2009 Bikes
FGL Sports of Canada is voluntarily issuing a targeted consumer recall of the Pulse LTD 2009 hybrid bicycle due to a manufacturing defect…
NOAA: Wavering El Nino Makes Winter Forecast Iffy
The western half of the continental U.S. and central and northern Alaska could be in for a warmer-than-average winter, while most of Florida might be colder-than-normal December through February, according to NOAA’s annual Winter Outlook…
Big Rock Sports Acquires Sea Striker and Star Rods
Big Rock Sports, LLC, based in Burlington, NC, and Sea Striker International, LLC, based in Morehead City, NC, announced the completion of Big Rock Sports’ acquisition of Sea Striker and Star Rods. The acquisition includes products that have been th
Amex: Highest Performing Entrepreneurs Take More Risks
The highest performing small businesses that participated in a recent survey for American Express are owned or managed by entrepreneurs who are significantly more inclined to take risks, make growth a priority, invest in their business and reward repeat c
American Express: Small Businesses Confidence Inching Up
While economic uncertainty persists, there are signs that many entrepreneurs feel more confident and less stressed this fall, according to the latest findings of the American Express Open Small Business Monitor…
