SGB Update Apparel
Investors Turn to Outdoor Stocks in Tough Times
The old adage about the sporting goods industry weathering tough economic times got a real test last week. A first blush review of Wall Street results last week reveals that the outdoor industry did fare better than the market as a whole and many other s
Eastern Mountain Sports Sponsors Conservation Festival
Eastern Mountain Sports plans to host “The Nor’easter powered by Eastern Mountain Sports” Sept. 26-28. The weekend festival will feature rock climbing competitions and clinics along with music from Rustic Overtones and Adam Ezra, among others…
Neville to Become CEO of Boathouse Sports
Shawn Neville, former president of Keds, has agreed to join Boathouse Sports, the performance-fabric team uniforms manufacturer, as its CEO, SportsOneSource has learned. The company, based in Philadelphia, currently produces team uniforms for eight sport
TJX Companies Sells Bob’s Stores
The TJX Companies, Inc. reported it has sold Bob’s Stores to private equity firms Versa Capital Management and Crystal Capital. Terms of the sale were not disclosed….
Wolverine Celebrates 125 Years
Wolverine, the outdoor brand, is celebrating its 125th anniversary in 2008. To commemorate such a momentous year, Wolverine will be holding an anniversary sweepstakes. From Sept. 20, 2008 to Nov. 29, 2008, Wolverine patrons can enter to win prizes includi
Russell Named Title Sponsor of NAIA Championship
Russell Athletic and the host committee for the National Association of Intercollegiate Athletics (NAIA) football national championship announced an agreement that grants Russell Athletic “title sponsorship” rights for the 2008 and 2009 NAIA Championships
Head Shifts Canadian Distribution to Subsidiary
Head NV has taken over distribution of its ski and tennis apparel in Canada through a Canadian subsidiary. The company said that beginning in September Head Canada Inc. will ship and service the new collection of 2008/09 HEAD Skiwear…
Outdoor Industry’s Margins Squeezed in Q2
Second-quarter sales were brisk for outdoor vendors and retailers, but declining margins caused declines in profits and return on sales. Sales growth nearly kept pace with inventory growth, a good sign as the industry continues to encounter increasing cos
Cargo Volume Forecast to fall 5% as Retailers Trim Orders
Cargo volume at the nation’s major retail container ports is expected to decline 6% in 2008 compared with 2007 as the nation’s slow economy continues to prompt merchants to carefully manage their inventories, according to the latest Port Tracker report fr
Sher-Wood Hockey Acquires Inglasco Assets
Sher-Wood Hockey Inc. announced that it has purchased the inventory, receivables and certain manufacturing assets relating to Inglasco Ltd., a Sherbrooke, Quebec based producer and distributor of hockey related novelty products as well as NHL and CFL li
Ashworth Considers Sale After Q3 Revenues Slump
Ashworth, Inc. ended a disappointing third quarter with the announcement that it is exploring strategic alternatives including a possible sale or merger of the company. The company has retained Kurt Salmon Associates Capital Advisors as its financial advi
G-III Apparel Widens Q2 Loss
G-III Apparel Group, Ltd. said sales of licensed apparel, which includes sports licensed apparel from the four major sports leagues and the Touch by Alyssa Milano collection, increased 30.1% in the second quarter to $67.8 million from $52.1 million, prima
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
