Rebel Sports Limited group sales revenue for the first quarter ended October 1 increased 7.3% to AU$77.8 million ($59.1 mm) when compared to the same quarter last year, including sales revenue from the Glue lifestyle stores. Sales on a same-store basis
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Cabela’s Anticipates Flat Q3 Income on Negative Comps
For the third quarter of fiscal 2005, Cabela's expects to report a 12% increase in consolidated revenues with diluted earnings per share at or slightly below the same period last year, which was an exceptionally strong quarter. The Company anticipate
Louis-Dreyfus and Marchand’s Investment Firm Picks Up 70% of Le Coq
Airesis, an investment firm based in Montreux, Switzerland and traded on the Zurich Stock Exchange, has acquired 70% of Le Coq Sportif. Airesis is partly owned by Robert Louis-Dreyfus, former CEO of adidas, and by Yves Marchand, former Nike and Benetton e
adidas and Amer Get Final Clearance on Salomon Deal
adidas-Salomon AG has received all relevant antitrust clearances for the divestiture of its Salomon business segment to the Amer Sports Corporation and the transaction is expected to close within the next week. The transaction value for the Salomon busin
Pennsylvania Launches Campaign Focusing on Outdoor Recreation
To help businesses effectively promote tourism in Pennsylvania's 12 northern counties, state Department of Conservation and Natural Resources and Department of Community and Economic Development officials met this evening with the Warren County North
JP Berg is SportHill’s New National Sales Manager
Jim Hill, President of SportHill announced that John-Paul (JP) Berg joined the SportHill Team and assumed the role of National Sales Manager vacated by Liz Wilson, who was promoted to the newly created position, Director of National and International Key
Fischer Hires SouthEast Sales Rep
Fischer has announced the appointment of Brett Birkmire as sales representative for the South Eastern US. Birkmire has worked for 7 years at Princeton Sports in Baltimore, MD. Most recently, he held the title of general manager, overseeing the daily opera
K2 Cuts Earnings Guidance on Paintball Weakness
K2 Inc., for fiscal year 2005, forecasts GAAP diluted earnings per share in the range of 66 cents to 68 cents, versus previous forecast of 77 cents to 81 cents, and Adjusted diluted earnings per share in the range of 75 cents to 77 cents, versus previous
Early Snow Storm in Colorado Accellerates Opening Dates at Vail Resorts
An October snowstorm pounded Vail Resorts' ski resorts in Summit and Eagle counties, dumping more than 30 inches of snow on the slopes at Breckenridge and more than a foot at Keystone (17 inches), Beaver Creek (16 inches) and Vail (13 inches)…
Umbro Picks Up 25% Stake in Chinese Distributor…
Umbro will acquire a 25% stake in Team & Sports Ltd., Umbro’s current licensee distributing product in China, Hong Kong, and Taiwan. The stake in Team & Sports will cost Umbro a total of $12 million. Upon completion of the deal, Umbro will pay $4.5 millio
Big 5 Completes Restatements; Q3 Comps Stronger…
Big 5 Sporting Goods Corporation was able to get up to date with its required SEC filings, prompting the Nasdaq Listing Qualifications Panel to restore its stock trading symbol to BGFV last week. The retailer was forced to restate earnings in a number of
Outdoor Industry Companies Again Lead the Way in Corporate Responsibility…
At a recent Patagonia press conference, former company CEO Michael Crooke issued a call to action for the outdoor industry. He made one simple request — take a leadership role in corporate responsibility. Many outdoor companies are involved in different
Recall: Yakima Racks
Yakima Products is voluntarily recalling its Mighty Joe 2 and Mighty Joe 3 bicycle racks due to the latches designed to support the load arms. The company stated that these latches may appear to be latched when they are not. In such a case, the bicycle l
Spyder Seizes Counterfeits
Continually battling against black market schemes, the Spyder scored a win against counterfeit operations when a shipment of over 1000 imitation jackets and pants was stopped at the Finnish border. In late August, the Finnish National Board of Customs not
Interbike Sees Most Productive Year Yet
Buyers and manufacturers rolled into Interbike a week ago in a very confident mood. Strong spring and summer sales had led to breakout years for many companies and retailers. Best of all, the growth was coming from several different categories as BMX, r
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