At Under Armour’s annual shareholder meeting at Baltimore’s ESPN Zone, CEO Kevin Plank said the company plans to be more selective in launching new products, signing new endorsement deals, opening new retail stores and investing internationally in 2009…
Tag: People
Big 5 Has Tough Q1; Sees Traffic Improving
Big 5 Sporting Goods saw first quarter earnings fall 31.7% on a 4.4% comp store sales decline, but Steve Miller, BGFV’s chairman, president and CEO, said traffic and average selling prices had shown “meaningful improvement” since it provided its last upda
Brunswick Posts Q1 Loss as Sales Fall Nearly 50% for Period
Brunswick Corporation’s total sales for the first quarter were $734.7 million, a 45.4% decline from year-ago sales of $1.35 billion. The company said this drop was primarily the result of marine sales that had dropped 52.4% as weakness in the global marin
Acushnet First Quarter Earnings Plummet on Double-Digit Sales Decline
Acushnet Co., the golf division of Fortune Brands, reported sales in the first quarter fell 12.5% to $347.0 million from $396.4 million in the year-ago period. Including one-time charges, operating earnings for the group, which includes the Titleist, Cobr
K-Swiss Sells Royal Elastics
K-Swiss Inc. has completed the sale of Royal Elastics, the company's laceless fashion footwear brand, to REH, an investment group led by Royal Elastics' LA-based Product Design Director. The sale, which includes the company's worldwide righ
Van’s Palladini Elected SIMA President
The Surf Industry Manufacturers Association (SIMA) named Doug Palladini, vice president of marketing for Vans and previously a SIMA Board of Director, as its new president. to succeed Baker as the new president of SIMA. Palladini succeeds Dick Baker, who
Rocky Brands Posts Q1 Loss; Rutter Exits…
Rocky Brands, Inc. management said they expected first quarter sales and earnings to be down versus the comp period last year as they were unable to anniversary “tough comparisons” in their Retail division and “higher-than-normal” gross margins. The top
JakPak Retains Terra Public Relations As Firm of Record
Active Engineering, LLC has retained Terra Public Relations of Jackson, WY, to handle its public relations efforts, including overseeing media introduction, communications and product and brand conversations for the JakPak brand…
Report Indicates YTD Golf Rounds Played Remains Flat for ’09
A total of 2,692 golf facilities, including data from PGA and NGCOA participants indicated that national March 2009 rounds were nearly flat at -0.2%, while days open were up 6.7% compared to March 2008…
Clif Bar Adds Valvano to Lead Sports Retail Sales
Clif Bar & Company has hired Mike Valvano as national sales manager of the sports retail channel. Valvano has more than 15 years of experience in the outdoor, bike and luggage industries…
DSW Shoes Opens Store in Frederick, MD
DSW will open a new store in Frederick, MD on May 7. The store will be the 16th DSW location in the Washington D.C. market. The 17,000 square foot store in Frederick will offer women and men thousands of shoes in a contemporary setting…
Teva Secures Two New Sales Agencies
Teva, a division of Deckers Outdoor Corporation, has hired Great Pacific Sales to represent the brand in Northern California and McG Sales to represent the brand in the Mid-Atlantic. Both sales organizations will report in to Jake Brandman, Teva VP of Dom
Amer Sports Sees Q1 Loss Double on Americas Weakness
Amer Sports net sales decreased 2.1% to EUR 355.3 million ($465 mm)in the first quarter ended March 31. In local currencies, net sales decreased by 7%, with Winter and Outdoor net sales flat to the year-ago period, Ball Sports revenues decreasing by 8% an
Rocky Q1 Revenues, Earnings Drop Despite Cost Cutting
Rocky Brands, Inc. said net sales for the first quarter of 2009 decreased to $50.1 million versus net sales of $60.5 million in the first quarter of 2008. The company reported a net loss of $1.1 million, or (20 cents) per diluted share versus net income o
VF Corp. Q1 Net Income Falls; Outdoor Revenues Up
VF Corporation said on a constant currency basis, first quarter revenues were down 2%, net income decreased 25%, and earnings per share declined 24% to $1.01. Revenues on a reported basis decreased 7% to $1.73 billion, compared with $1.85 billion in the f
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