Shimano Reduces Full Year Outlook after Q1 Sales Decline
Shimano, Inc. reported that revenues for the first quarter declined in double-digits, but net income improved thanks to a boost in non-operating income and lower taxes. Net revenues fell 18.9% to ¥45.1 billion ($483 mm) for the period ended March 31, com
Bike Industry Wins Two-Year Stay on Lead Law
The Consumer Product Safety Commission last week denied the bike industry’s petition to exclude children’s bikes from a strict new lead law but granted a two-year stay of enforcement, giving manufactures a bit of breathing room to figure out how to best c
Bike Industry Wins Two-Year Stay on Lead Law
The Consumer Product Safety Commission last week denied the bike industry’s petition to exclude children’s bikes from a strict new lead law but granted a two-year stay of enforcement, giving manufactures a bit of breathing room to figure out how to best c
Heelys to Stay Independent; Domestic Business Halved in Q1
Heelys Inc. has completed a strategic review of its options and has decided to continue to go at it alone in the market. The Board of Directors reportedly looked at alternatives to acquire other brands-or to be acquired-and decided to stay focused on tur
Russell Athletic Provides Colleges with More Insight on Labor Disputes
Months after having its name tarnished on a weekly basis on college campuses across the country, Russell Athletic is stepping up to address critics regarding allegations of sweatshop conditions and anti-union practices at its plants in Honduras…
Gildan’s Q2 Net Plummets on Lower Sales, Weaker Margins
Gildan Activewear's earnings plunged 81.1% to $7.1 million, or 6 cents a share, in the second fiscal quarter ended April 5, compared to $42.1 million, or 35 cents, in the year-ago period. Sales declined 6.7% to $244.8 million from $293.8 million a ye
Moosejaw Mountaineering Launches Mobile Version of Website
Moosejaw Mountaineering has launched a new mobile version of its website, http://m.moosejaw.com. Moosejaw’s new mobile service allows shoppers to use any smartphone to browse Moosejaw’s catalog, price compare, read customer reviews and view customer produ
Bushnell to Acquire C’eb’e
MidOcean Partners, a middle market private equity firm, and Bushnell Outdoor Products said that Bushnell has acquired the C'eb'e brand from Marcolin S.p.A., which is listed on the Milan Stock Exchange. The terms of the purchase agreement were no
FIFA/Kappa Licensee Establishes Offices in New York and L.A.
Total Apparel Group, Inc., which was recently selected as the official U.S. Master Distributor of FIFA and FIFA World Cup licensed product, has opened new locations in New York and Los Angeles. In an effort to manage the sales and marketing requirements f
Boathouse Sports to Supply U.S. Rowing National Team
Boathouse Sports has been named as the official apparel supplier for the U.S. Rowing National Team. The deal will include apparel used in the Worlds, held in August in Poland, the 2012 Olympic Games in London and all USRowing events through Oct. 1, 2013.
Easton-Bell Q1 Profits Shrink Despite Team Sales Increase
Easton-Bell Sports, Inc. had net sales of $184.9 million for the first quarter ended April 4, an increase of 1.5% from the $182.1 million in net sales for Q1 last year. Team Sports net sales increased 6.9% to $107.8 million, while Action Sports net sales
LIVESTRONG Fitness Line to Bow at Dick’s Sporting Goods
Johnson Health Tech North America (JHTNA) recently received the exclusive rights to the LIVESTRONG brand on its consumer and commercial fitness equipment. The initial LIVESTRONG product offering will consist of treadmills, elliptical trainers, and indoor
Orange 21’s Q1 Sales Plunge 36%; Loss Slightly Narrowed
Orange 21 Inc., the parent of Spy Optic, reported sales in the first quarter fell 36.2% to $7.4 million from $11.6 million. The loss in the period of $804,000, or 8 cents a share, was slightly less than the deficit of $851,000, or 10 cents, a year ago…
NICS: Gun Sales Up 30% for April
The upward trend in firearms sales continued in April, marking the sixth consecutive month of significant increases. Data released by the FBI's National Instant Criminal Background Check System (NICS) reported 1,225,980 checks in April 2009. This fig
Nike, Inc. to Cut 5% of Workforce; 500 Affected in Beaverton
Nike, Inc. has finished its global workforce review that was initially announced in February regarding the company's objectives to enhance its consumer focus, speed decision making and create a stronger organizational structure for the future. Based
