West Marine Q2 Sales Slip 5%; Earnings Up
West Marine reported net revenues for the thirteen weeks ended July 4, 2009 were $215.4 million, a 5.0% decrease compared to net revenues of $226.7 million for the thirteen weeks ended June 28, 2008. Comparable store sales declined 1.0% versus the same pe
Andrew Hersam Joins Competitor Group as EVP, Media
The Competitor Group (CGI) announced that Andrew R. Hersam has been named Executive Vice President of Media, effective immediately. Hersam is an accomplished media executive with over 20 years of managing print, digital, radio, television and event brands
OIA Board Members Urge Paddlesports Industry to Cooperate
At the Outdoor Retailer summer market show last week, Canoe & Kayak Magazine announced the 2010 launch of a new paddlesports-specific tradeshow in Minneapolis. A group of current and past OIA board members recently sent an open letter to the paddlesports
Sturm, Ruger’s Q2 Revenues Catapult 87.1%
Sturm, Ruger & Company, Inc. reported sales surged 87.1% in the second quarter to $72.4 million from $38.7 million a year ago. Earnings jumped to $8.7 million, or 46 cents a share, from $1.1 million, or 5 cents, a year ago…
Jones Apparel’s Earnings Rise 20%
Jones Apparel Group Inc., maker of Nine West shoes, reported net income increased 20% to $12.6 million, or 15 cents a share, from $10.5 million, or 12 cents, a year earlier. Excluding some items, earnings of 29 cents a share topped the 7 cent average Wall
Crosman Corp. Names National Sales Manager
Crosman Corp. appointed Brad Webb as its new national sales manager. The Rochester, N.Y.-based company is the manufacturer of Crosman and Benjamin airguns, Crosman Archery products, CenterPoint Precision Optics, and Game Face Airsoft products…
Wintersteiger to Sponsor USSA
Ski tuning equipment manufacturer Wintersteiger announced its sponsorship as a supplier to The U.S. Ski and Snowboard Association's (USSA) Center of Excellence equipment tuning room…
Mark E. Thomas Joins NSSF as Head of Marketing
Mark E. Thomas has been appointed managing director, marketing communications, for the National Shooting Sports Foundation. Thomas comes to NSSF after serving seven years as director of marketing for Invisible Fence Brand in Knoxville, Tenn…
Smartwool Announces Changes in Leadership Team
SmartWool Corp. announced Mark Bryden will be leaving his role as president and general manager of SmartWool to become VP and general manager of Timberland North America. Simultaneously, the company announced that Mark Satkiewicz has been promoted to pres
American Eagle Extends with GSI
GSI Commerce Inc. has signed a multiyear agreement with American Eagle Outfitters to continue providing customer care services for the American Eagle Outfitters, aerie, MARTIN + OSA and 77kids brands. GSI will provide additional customer care services und
RECALL: Sevylor Tow Behinds
Sevca, LLC, in cooperation with the U.S. Consumer Product Safety Commission, has announced a voluntary recall of Sevylor Tow Behinds with Quick Hitch Connectors. The recall involves about 94,000 units sold at department and retail stores nationwide from
Asics Settles Suit Against Dolce and Gabbana
Dolce & Gabbana SpA of Italy settled a lawsuit by Asics Corp., which accused it of copying stripe designs on its footwear. U.S. District Judge Howard Matz in Los Angeles, dismissed the trademark-infringement action, citing a confidential settlement agreem
Outdoor Retailer Summer Market Provides Sunshine in a Gloomy Retail Market
If there's hope that the outdoor industry is somewhat recession resistant, evidence came from last week's Outdoor Retailer Summer Market. Floor traffic was perhaps a bit lighter than usual but the mood was upbeat—even energetic—as product lines
Outdoor Industry Association Announces New Board Members
While the vast majority of the outdoor business world was focused on the Outdoor Retailer Summer Market, 12 new members joined the Outdoor Industry Association Board of Directors this past week. Of the 12, five board members were elected by OIA members a
CIT Group Secures $3 Billion Credit Facility
CIT Group Inc., the provider of financing to small businesses and middle market companies, entered into a $3 billion loan facility provided by a group of the company’s major bondholders. CIT further announced that it intends to commence a comprehensive re
