Orange 21 Inc. announced a series of changes in management and its Board of Directors. Barry Buchholtz, current Chief Executive Officer, will leave his current position in order to focus his efforts on Orange 21's European operations. Mark Simo, the
Tag: Trade
Lotto Leisure Product Helps Boost First Half…
During the first six months of 2006, Lotto Sport Italia saw sales growth in each of its product categories, with leisure product making major strides. Sales of Lotto brand products increased 12.7% to €132.5 million ($162.7 mm) compared to €117.7 million
Rebel Sport Australia Sees Q1 Comps Up in Double-Digits…
Australia’s Rebel Sport Limited posted its seventh consecutive quarter of comparable store sales gains with an improvement of 12.3% for the company’s fiscal first quarter after a gain of 2.4% during the same period last year. Group sales revenue for the q
The SeeMore Putter Company Acquired by Golf Industry Vets…
The SeeMore Putter Company has been purchased by golf executives Jim Grundberg and Jason Pouliot. Grundberg and Pouliot garnered fame in the golf industry after growing the Odyssey putter line from under a 5% market share to over a 40% share before turnin
Crocs Acquires Jibbitz…
Crocs has entered into a definitive agreement to acquire Jibbitz, LLC for $10 million in cash, plus a potential earn-out of up to $10 million based on certain earnings targets. Jibbitz markets and sells small, button-like accessories and ornaments for Cro
Saks September Comps Jump 10%; Sales Drop 33.1%
Retailer Saks Incorporated sawcomparable store sales for the overall company increase 10.0% for the month of September, while total sales decreased 33.1% to $343.1 million due to the sale of a large portion of the company's SDSG segment. By segment,
Wolverine World Wide Ups Guidance on Strong Q3 Sales
Wolverine World Wide, Inc. third quarter 2006 revenue totaled $298.9 million, a 7.1% increase over third quarter 2005 revenue of $279.1 million. Earnings per share for the third quarter of 2006 were 46 cents compared to 42 cents reported for the third qua
Research Reports Indicate a Slowing Athletic Footwear Business…
The NSGA reported last week that retail sales of athletic footwear rose 9.8% for the six-month period from October 2005 through March 2006. NSGA estimated that the total sales for the period were $6.08 billion versus $5.53 billion for the same period the
Deuter ‘Inks’ a Deal to Sell Company to Schwanhäußer
The Schwanhäußer Industrial Group, a family-owned company that produces writing instruments under the Stabilo brand name and private label cosmetics, has acquired Deuter Sport GmbH from Michael Franke, who has owned the brand since 1990. Schwanhäußer is a
RECALL: Cervelo R2.5 Bikes and Frames
The U.S. Consumer Product Safety Commission and Cervélo Cycles Inc. are recalling about 650 2005 R2.5 Model Carbon Fiber Bicycles and Bicycle Frames. The bicycle frames can loosen or separate, causing the rider to lose control, fall and be injured, though
Collegiate Pacific Fiscal Year Results Hurt by Charges; Ramps Up Deal Machine Again…
Busy boys down at Collegiate Pacific Inc. last week. During the past week, the company announced a new partnership with Varsity Group Inc. to become their exclusive sporting goods supplier; entered another (and seemingly final) attempt to acquire 100% of
Sport Haley Acquires Reserve Apparel…
Sport-Haley, Inc. entered into an Agreement to purchase all outstanding shares of Reserve Apparel Group, LLC, a joint venture operation between Sport Haley and Explorer Gear USA, Inc. Sport-Haley owned 51% of the J.V. and Explorer Gear owned 49%. The Agre
Performance Bicycle Uses 100% Renewable Energy
Performance Bicycle has become the first national sports retailer in the U.S. to use renewable energy exclusively to power its stores, corporate headquarters, distribution centers and call center. The company will purchase over 5,087,260 kWh of renewable
New Balance Sponsors ‘Urbanathlon’
New Balance Athletic Shoe, Inc. recently signed on as the official footwear sponsor of the Men’s Health Urbanathlon & Festival on October 1, 2006. This unique, physically demanding athletic competition will incorporate a run, stair climb, marine hurdles,
U.S. Court Reinstates Roadless Rule
U.S. District Judge Elizabeth Laporte reinstated the “Roadless Rule,” a Clinton-era ban on road construction in nearly a third of national forests. In her ruling she stated that the Bush administration failed to conduct necessary environmental studies bef
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