Action sports company Orange 21 said it won't be able to file its annual report on form 10K in time due to material weaknesses in its accounting processes. Annual reports generally must be filed within 60 to 90 days of the closing of a company's
Tag: People
ASICS America Announces New CEO
ASICS America Corporation has welcomed new CEO and chairman Nobuo Oda. Previously with ASICS Corporation in Kobe, Japan as a board member and general manager of the Sports Apparel Division, Oda took over his new duties April 1, 2008 at the U.S. headquarte
The Centennial Initiative aims to revitalize the National Park Service by 2016
The image of a national park ranger wearing a distinctive, flat-brimmed hat, and standing by ready to answer questions and protect the environment, is a quintessential American icon. With our society in a great period of change, do Americans still hold th
Aetrex Names Eastern Regional Sale Manager
Aetrex Worldwide has hired Bruce Finestone as eastern regional sales manager. Finestone, who has more than 30 years of footwear sales experiene, will be responsible for building the brand and developing strategic, regional sales plans for Aetrex’s line of
Teko’s Founder Leaves, Anatom Ltd. Takes Control
Jim Heiden, Teko’s CEO and founder, has left the company as Anatom Ltd.—Teko’s new UK-based distributor—acquires a majority stake. Teko’s VP of operations, Owen Hammond, has been named GM in a move to ensure “a smooth ownership transition”…
Li and Fung U.S. Revenues Pass $1 Billion in 2007…
Li & Fung reported its U.S. business passed the $1 billion mark in 2007, achieving the company’s three-year plan. Overall, the company saw turnover of HK$92.5 billion ($11.85 bn) for the year, growth of 36% from 2006, and the largest turnover growth since
A.T. Cross Adds Native Eyewear to its Sunglass Portfolio…
Native Eyewear Inc. was acquired for $18.8 million last week by A.T. Cross Co., which is on a quest to build a $100 million-a-year optics business by 2010. ATX said it had paid $17.8 million in cash and assumed $1 million in short-term debt to acquire Nat
Administration Allows
A Bush administration interagency group, meeting earlier this month to discuss a proposal by U.S. Customs and Border Protection to eliminate the “first sale” rule of valuation for imported products, declined to withdraw the controversial plan. Instead, it
KangaROOS Names Product Line Manager
KangaROOS has named Deneen Habarta as its new product line manager for the US market. Operating under a new management team, KangaROOS is set to launch its first collection into the US market this fall with a more expansive collection to be introduced for
NGF: Strong February Brings YTD Rounds Played Into Black
According to the National Golf Foundation, same-store rounds of golf played in the U.S. in February 2008 increased 10.4% compared to the same month last year. The strong February result was more than enough to offset a decline in January, pushing year-to-
Petzl Promotes Two
Petzl America has promoted Nazz Kurth to sales director, and Tom Adams to sport division manager. Nazz has worked at Petzl as the headlamp division manager since 2006, and officially stepped into his new role as of March 17th, 2008, and Tom has moved up f
Easton-Bell Sees Acquisition Bump Push 2007 Sales Up 13.4%
Easton-Bell Sports reported a 13.4% increase in net sales for 2007 to $724.6 million from $639.0 million in 2006 as the company benefited from a full year's worth of Easton sales. Team Sports net sales increased 19.8% to $416.5 million, while Action
West Marine Takes $56.9M Goodwill Hit
West Marine, Inc. losses jumped in 2007 due primarily to a non-cash write down of goodwill. The company said it also spent $2.7 million cooperating with SEC investigators and paid out $1.3 million in severance to its former CEO. The boat and boating suppl
Sports Direct Ups Guidance as Sales Follow Plan…
Sports Direct International plc reported sales of £317m ($641.3mm) for the quarter ended January 27, with a profit of £142 million ($287.3mm). The company said that though business has remained in line with expectations since quarter-end, it raised its EB
Li Ning Sales Rise 36% on Branded Strength
Li Ning Group Limited, one of the leading sports brand enterprises in China, reported strong double-digit revenue and earnings growth for this fiscal year ended Dec. 31, 2007, led by sales of its eponymous brand…
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