First Quarter Results Mostly Weak for Vendors
Industry vendors last year at this time were still feeling pretty good after posting fairly solid results for the first quarter, but many were already starting to ponder the effects of increased costs out of Asia cutting into margins in the back half of t
Pacific Cycle Increases Bid to Acquire Iron Horse Bicycle
Pacific Cycle increased its bid to buy Iron Horse Bicycle Co. — which is reorganizing in bankruptcy proceedings — to $2.7 million. With another bid already in from Outdoor Cycle Group, an auction to entertain all bids for the bicycle manufacturer is now
Accell Group Expands in Finland with Hellberg Acquisition
Accell Group N.V., which consists of bicycle brands such as Batavus, Ghost, Hercules, Sparta and more, has reached an agreement to acquire all shares in Raul Hellberg Oy and affiliated companies…
Amer Sports 2009 Outlook Clouded
Amer Sports stated that their full-year outlook is “clouded by the uncertainty in consumer demand in general.” The company said that pre-season orders in winter sports equipment for fall/winter are roughly flat to last year's level, a result that re
Unemployment Numbers Decline
The total number of people receiving unemployment insurance dropped for the first time since early January, according to a report released by the U.S. Labor Department on Thursday. The Labor Department said that it saw the largest drop in unemployment ins
Jay Berlin Becomes CEO of The Sportsman’s Guide
Redcats USA appointed Jay Berlin as CEO of The Sportsman's Guide. He replaces Greg Binkley, who recently retired. Berlin's 25-year career encompasses several key positions, including: marketing management roles with Fingerhut and C.O.M.B. Corpor
NJ Fish and Game Approves Crossbows for Hunting in New Jersey
On June 16, the New Jersey Fish and Game Council voted on adopting proposed amendments to the 2009 – 2012 Game Code. The Council voted to adopt all the proposed amendments except amendment 29, which proposed boundary changes to Deer Management Zones 19 an
Sportsmen Laud Senate Advancement of the Clean Water Restoration Act
Senate Environment and Public Works Committee have passed an amended version of the Clean Water Restoration Act, according to a release by the Teddy Roosevelt Conservation Partnership. The bill, as approved, reaffirms the original intent of the Clean Wate
Ripken Baseball and Rawlings Partner on Training Products
Rawlings has partnered with Ripken Baseball to create a new line of training products for youth baseball players. Rawlings’ new “Five Tool” training products will include hurdles, pop-up nets and tees to be used for baseball tournaments and camps at the R
KARHU Partners with University of Jyväskylä on Research
KARHU has formed a new partnership with University of Jyvaskyla (UoJ), Finland’s leading sports and fitness research institute, to further study the biomechanics and physiology of runners. The two have worked together for more than two decades. One result
The Finish Line Exits Man Alive; Posts Q1 Comp Decline
The Finish Line, Inc. will exit its unprofitable Man Alive business and has entered into a definitive agreement with Man Alive Acquisition, LLC (“MA”) an entity controlled by Jimmy Khezrie, the owner and operator of Jimmy Jazz stores. In other news, The
Yue Yuen Sees Athletic Footwear Shipments Decline in Fiscal Q2
Yue Yuen Industrial Ltd., the China footwear manufacturing giant that makes footwear for many key athletic brands, reported net income declined 2.0% to $108.5 million in the second fiscal quarter ended March 31 and revenues inched up 1.8% to $1.19 billio
Active Ride Shop Sold to Florida Investment Group
Active Ride Shop, which is reorganizing in Chapter 11 proceedings, is being acquired by a group of Florida-based investors for $5.2 million. A limited liability company called Active Sports Lifestyles USA, run by real estate and hotel developer Issa Ladha
REI Praises Obama Administration’s Outdoor Efforts
REI praised the Obama Administration's move to waive fees at National Parks on select weekends this summer – including this Father's Day – and President Obama's declaration of June as Great Outdoors Month…
Skier Visits to Utah Down 6.5% This Year
The Utah ski and snowboard industry closed the 2008-09 winter season with a total of 3.97 million skier days, down 6.5% from last year’s fifth consecutive record breaking year at 4.2 million. The Utah region’s decline was attributed to a strong and early
