SGB Update Apparel
Globe Write-Down Prompts Loss of Nearly $25M
Globe International reported a widened net loss for fiscal 2008 as sales declined in each of the company’s regions. Overall, Globe lost A$24.6 million ($22.1 mm) after a loss of A$3.1 million ($2.4 mm) on total revenues that were down 3.0% to A$122.3 mill
RECALL: Aqua Lung Regulators
The CPSC and Aqua Lung are recalling approximately 6,000 Titan DIN 1st Stage Scuba Regulators and Titan/Conshelf DIN Scuba Adaptors…
Pending Legislation is Likely To Impact Outdoor Industry…
A coalition of trade associations, including the Outdoor Industry Association, outdoor businesses and other interested groups, have joined together in asking Congress to correct or postpone the implementation of changes to the Lacey Act, a section of the
GSI Commerce, Timberland Pony up Millions to Settle Spam Case
A federal judge has granted preliminary approval to a $7 million settlement submitted by GSI Commerce Inc., Timberland and a Florida wireless carrier to settle allegations they sent unsolicited advertisements for Timberland products via text messaging in
Masterfit University Adds Backcountry Training
Masterfit University Training Centers will offer courses for alpine and telemark boot fitting through two new program tracks. MFU's new Backcountry Connection teaches techniques for fitting and modifying these specialty boots for comfort and perform
Orvis Venture Secures Acreage for Texas State Park
Orvis/Cushman & Wakefield has brokered the sale of a 2,864-acre ranch in Texas to the Trust for Public Land in a deal that will expand the Palo Duro State Park by 10 percent. The Orvis Company and Cushman & Wakefield, Inc. formed the joint venture to mar
Sports Direct Q1 Profit Flat
Sports Direct International Plc said its sales for the 13 weeks ended July 27 increased slightly from last year. The company further said its trading since the end of July remained in line with its forecast amid tough market conditions…
BUM Equipment to be Relaunched
Culture Apparel LLC has signed a multiyear license with B.U.M. Equipment for men’s and women’s sportswear to launch in the spring. According to Women's Wear Daily, B.U.M. Equipment is being reintroduced as California-inspired lifestyle apparel. Cultu
Oboz Hires VP of Finance to Prepare for Growth
Outdoor footwear start-up Oboz has hired a former NOLS employee, MBA and CPA as its VP of Finance. Tim Tripp assumed his duties on Aug. 1, 2008. In an eight-year stint at the fly fishing company Simms, Tripp doubled revenue and more than doubled its num
Off Price Specialist Show Sees 20% Increase in Attendance
The recent Off Price Specialist Show (Aug. 23-26, Sands Expo & Convention Center, Las Vegas) saw 489 vendors and an increased buyer attendence of almost 20%. “The stars lined up perfectly. Our exhibitors were ready and the order-writing was fantastic fro
Athletic Footwear a Ray of Sunshine in Cloudy August
As the numbers roll in for the retail fiscal month of August, it is pretty clear that retailers are looking to athletic footwear to keep footwear sales numbers in positive territory. While the later back-to-school season has clearly impacted retailers, a
Lehman Acquiring Minority Stake in SRAM
Lehman Brothers Merchant Banking (LBMB) has agreed to purchase a minority stake in the bicycling components maker SRAM. While terms of the deal were not disclosed, SRAM will use part of the proceeds to establish a $10 million SRAM Cycling Advocacy Fund to
Eurobike Reports High Attendance and Confidence
Eurobike is reporting record attendance of 36,800 trade visitors from 75 countries, 18,000 bicycle fans at its Open House Day and 1,430 journalists from 32 countries. Ninety percent of the trade visitors surveyed rated the economic situation as stable to
Cole Haan Launches Sharapova Collection
Cole Haan, a subsidiary of Nike, announced Maria Sharapova will serve as a lead collaborator and the face of Cole Haan Sporting, a new collection for Spring 2009, rooted in sport and fashion. The collection introduces new technologies like Flywire which b
Acushnet to Shift Production to Asia
The Acushnet Company plans to produce its top-selling Titleist Pro-V1 golf balls in Asia within 3 to 5 years. The company will trim domestic production of the Pro-V1 by about 20% and eliminate an estimated 100 jobs through attrition in coming years, accor
