Amid big sales gains in urban and commuter bikes, REI has launched a new website to dispel myths of cycling that it says have created a barrier to even greater sales…
Tag: Trade
CandD Sporting Goods to Close
C&D Sporting Goods in North Carolina will be closing at the end of the year, according to Mount Airy News. The owners of the shop cite a slow economy and increased competition as their reason for closing…
2009 Tour de Georgia Canceled
Organizers have canceled the Tour de Georgia cycling race for 2009 after failing to secure sponsorship dollars in the face of a looming state budget deficit and belt tightening by many corpoprate sponsors. The race, which has become one of the country
Rodale Cuts 10% of Workforce
Several media outlets have confirmed that Rodale has announced layoffs of 111 employees-about 10% of their workforce. The Morning Call noted that 73 of the 111 jobs eliminated came from the company's headquarters, with the remaining 38 in New York an
Spyder to Sponsor Jamaican Ski Team
Spyder Active Sports now supports the world’s newest national ski program, the Jamaica Ski Team. Errol Kerr is currently the sole member of the Jamaica Ski Team, but the small roster doesn’t limit Jamaica’s chances of medals at the Vancouver Games in 2010
Gander Mountain Returns to the Black in Q3
Gander Mountain Co. stopped the bleeding in the third quarter by turning in a profit, despite a 6.5% decline in comp store sales and a $2.9 million loss at its direct segment, which reflects results at newly acquired catalogue and Internet retailer Overto
Huge Snowfall Prompts Early Opening for Touted Resort
Utah's Snowbird Ski & Summer Resort opened earlier than scheduled on Friday, Nov. 7 after abundant early season snowfall in the southwest. This year’s opening marks the second earliest start to a season in the resort’s 38-year history…
KJUS Skiwear Restructures Management Team
LK International AG (KJUS Skiwear) has revealed the new management team structure that has been in place since Sept. 1, 2008. Nico Serena, former head of sales, has taken over the responsibilities of the design and product development department. Daniel S
Iconix Q3 Revenue Increases 29%
Iconix Brand Group, Inc. saw revenue for the third quarter ended Sept. 30, 2008 increase 29% to approximately $55.1 million, as compared to approximately $42.7 million in the third quarter of 2007. Net income for the third quarter increased 8% to approxim
Saks Oct. Comps Plummet Nearly 17%
Saks Incorporated reported owned sales totaled $219 million for the four weeks ended Nov. 1, 2008 compared to $269.1 million for the four weeks ended Nov. 3, 2007, an 18.6% decrease. Comparable store sales decreased 16.6% for the month…
Golfsmith’s Q3 Sales Drop 4.5%; Earnings Sink 30%
Golfsmith International Holdings, Inc., reported third quarter sales slid 4.5% to $101.7 million compared with net revenues of $106.5 million a year earlier. Comparable store sales decreased 4.6% and net revenues from the direct channel decreased 11.6%. N
Weyco Group Earnings Fall 18.6%
Declining sales and rising costs contributed to an 18.6% decline in third quarter earnings for Weyco Group Inc. The manufacturer of men's shoes said net income fell to $4.34 million, or 37 cents a share, from $5.33 million, or 45 cents, last year. Sa
Columbia Sportswear to Cut U.S. Staff by 4%
Columbia Sportswear Company announced it will lay off 75, or 4%, of its 1,800 U.S. employees in response to an 11% decline in orders for Spring 2009…
Nautilus’ Q3 Sales Sink 18.7%
Nautilus, Inc. reported a third-quarter loss from continuing operations of $35.4 million, or $1.15 a share, including a non-cash charge to record a deferred tax asset valuation allowance of $26.8 million, or 87 cents a share, as well as restructuring and
U.S. Approves Plan for Interstate Bike Routes
The United States is on a path to creating what could become the largest official bicycle route network in the world, thanks to the approval of a new plan by America's leading authority on national route designations. The American Association of Stat
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