Luxottica Group saw consolidated net sales for the second quarter decline 19.6%, or down 5.2% currency neutral, to €707.0 ($804.0) million verus the year-ago quarter. Consolidated net income for the quarter was €67.7 ($76.99) million and consolidated net
Tag: Supplier
Golfsmith Acquires Don Sherwood Golf
As part of its national expansion plan, multi-channel retailer Golfsmith International Inc. has announced the acquisition of San Francisco-based Don Sherwood Golf and Tennis World. The terms of the transaction were not disclosed…
K2 Inc. Sees Q2 Net Income Up 52% on 27% Sales Increase
K2 Inc. reported that net sales for the second quarter ended June 30, 2003 increased 27.0% to $199.7 million from $157.2 million in the 2002 second quarter. Net income was $5.8 million and diluted EPS was $0.19, including $0.03 per share relating to a ga
SGMA: Sales of U.S. Recreational Products on Positive Pace
From archery to water skiing, the U.S. sports industry is nearly a $70 billion business. According to SGMA International's Recreation Market Report, manufacturers' sales of sporting goods equipment, sports apparel, athletic footwear, and
NRF: Back-to-School Spending to Top $14 Billion
Consumers are planning a trip back to the stores before sending their children back to school this year, according to the findings of a new National Retail Federation (NRF) survey. The NRF 2003 Back-to-School Consumer Intentions and Actions Survey
Callaway Jumps on Positive Outlook and Potential Upside in Top-Flite Deal…
Callaway Golf easily beat Wall Street earnings estimates for the second quarter as profits declined 8.0% and sales dipped 4.1% for the period ended June 30, 2003. Analysts challenged the company’s management on how they might provide better guidance afte
The Allegheny Trail Company will be Blair Corp.’s newest brand
The Allegheny Trail Company will be Blair Corp.’s newest brand, targeting the outdoor apparel wholesale market. The Warren, PA-based company says that ATC will offer an entry-level line of apparel basics, including polo’s, tanks, cargo pants, and fleece
JOUT Q3 Earnings Slip
Johnson Outdoors on Thursday Told Investors they could anticipate Q3 earnings to be in the 57 cents to 61 cents per share range, off from the 78 cents earned in the year-ago period…
Cannondale Taps Bell Sports Vet as COO
John Doerr has joined Cannondale as its new Chief Operating Officer. A bike industry veteran and a passionate mountain biker, Doerr comes to Cannondale from Bell Sports where he was Vice President of Supply Chain Management…
NSGA: CPI for Sporting Goods Improves in June
The National Sporting Goods Association is reporting that the most recent data from the Bureau of Labor Statistics showed the Sporting Goods CPI Index at 100.7 for June, down 0.2% versus the June 2002 index. The association's research group said the
Line Skis LLC Has Been Jumping Through Hoops
Line Skis LLC Has Been Jumping Through Hoops attempting to get their bindings to retailers. According to Jason Levinthol, the company spokesperson, “All in all, it's simply taking a lot longer to set up and solidify all the manufacturing than expect
Nautilus Trips Over Bowflex Declines…
The Nautilus Group saw shares fall another 12.1% this week to close at $10.64 on Friday after the company issued a warning on Wednesday that Q2 and full year sales and earnings would fall short of expectations…
NSGA: Fitness Participation Linked with Equipment Purchases
The National Sporting Goods Association (NSGA) and nationally known market research firm Irwin Broh & Associates have published a unique report that connects participation in 13 fitness activities with purchases of seven separate pieces of equipment…
Fischer Skis Ramps Up Field and Office Staff
Fischer Skis USA announced the appointment of several new employees both in field and in-house. Peter Kennedy and assistant Brian Schiller will represent Fischer Alpine and Cross-Country in Alaska, Washington, Oregon, Idaho and Montana. Brian Sturgis ha
Nike Signs Taylor and Purcell to Lifetime Deals…
The company may have solidified their future in performance basketball with the signings last month of Kobe Bryant, LeBron James and Carmelo Anthony, but the addition of the key retro icons strengthens Nike’s foothold in the fashion end of the footwear ca