Brunswick Corp. has lowered its guidance for the fiscal year to a range of $1.20 to $1.35 per diluted share from continuing operations due to lower production of marine products in the second half of 2007 as a result of continued weakness in retail market
Tag: Trade
Target’s June Comps Climb 3.3%
Target Corp reported that its net retail sales for the five weeks ended July 7, 2007 increased 7.6% to $5,479 million from $5,093 million for the five-week period ended July 1, 2006. On this same basis, comparable-store sales increased 3.3%. In the prior
Zappos.com Acquires 6pm.com
Zappos.com, Inc. announced the signing of a definitive agreement to purchase the assets of 6pm.com from eBags, Inc. Formerly Shoedini.com, 6pm.com is an online footwear and accessory source. The deal is expected to close within three months and terms of t
Johnson Outdoors and Confluence Settle Lawsuit
Johnson Outdoors Inc. has reached a settlement agreement with Confluence Holdings Corp. that will end a long-standing intellectual property dispute between the two companies. While the terms of the agreement are confidential, the settlement does not const
SIMA Reports Surf Industry Sees Double-Digit Growth
In the U.S. retail environment, where gains are measured in small increments, the surf industry continues to buck the national trend with two-year sales increases close to $1 billion, according to the Surf Industry Manufacturers Association (SIMA). The 20
Nike, Inc. Looks to be Calling all the Right Shots…
Mark Parker completed his first full fiscal year as CEO of Nike, Inc. as the company delivered solid results and a strong outlook for the future. NKE shares were up more than 10% for the week last week to close at $58.29 on Friday. The company’s share p
Vital Picks Up Warrior Sports Apparel License
Warrior Sports has signed an apparel license agreement with Vital Apparel. Vital will design and develop Warrior branded apparel in association with the Warrior product and design groups as well as work to introduce new and innovative materials and design
Spalding Signs Oden and Arenas
Spalding announced the signing of two high profile basketball players, the top pick in the NBA draft Greg Oden and Washington Wizards guard Gilbert Arenas, to endorse its full line of basketballs and backboards on a worldwide basis. Spalding said it plans
More Companies Sign up for OutDoor Asia
Even more international brands will participate in the second Asia Outdoor than at the 2006 premiere event. Companies such as Mountain Hardware, Mountainsmith (USA), Millet (France), Vaude, Lowa, Meindl, Deuter, Big Pack, Tatonka, Highpeak, Exxtasy (Germa
Heckmann Forms Buyout Firm
Richard Heckmann, who will soon resign as CEO of K2 Inc. with its sale to Jarden, has formed a new buyout firm called Heckmann Corp. The new company intends to sell 62.5 million shares of stock for $8 each, or $500 million, according to a filing with the
Everlast to Be Acquired by Sports Direct Subsidiary
Everlast Worldwide Inc. has signed a definitive agreement to be acquired by Brands Holdings Limited, for $30.00 per share in cash, a 29.6% premium to its closing price on May 31, 2007, and a 47.2% premium to the average closing price over the last month.
Dragon Names International Marketing Manager
Dragon has added JC Clenet as the company's new international marketing manager. Starting July 2nd, JC will manage a newly developed position at Dragon designed to drive marketing strategies and initiatives for all markets outside the United States..
Joe’s Names Rep and Vendor of the Year
Joe’s Sports & Outdoor named manufacturer’s representative Scott Sims of HO Sports/Hyperlite as the company’s 2007 Manufacturer’s Representative of the Year and Columbia Sportswear of Portland, Oregon as its 2007 Vendor of the Year…
Major League Soccer Unveils ‘Verano MLS’
Major League Soccer announced the addition of yet another component to the League's successful Hispanic grassroots lineup, Verano MLS (MLS Summer). Working closely with select MLS teams, the six-week summer program will provide a weekly soccer playin
SmartWool Celebrates its Own Earth Day
The SmartWool corporate offices in Steamboat Springs as well as their product development office in Boulder will be closed for business this Thursday, June 21st to allow their employees the opportunity to participate in their very own SmartWool – Earth Da