SGB Update Apparel
HBI Sees Champion Sales Up Double-Digits in ‘07…
The Champion brand delivered double-digit sales gains for the third year in a row while sales of Hanes brands were up mid-single-digits…
Cabela’s Cuts Store Plans Amid Retreating Comps…
Cabela’s Inc. said it will slash capital spending by 70% so it can focus on increasing profits at its existing stores after missing its fourth quarter financial targets. The outdoor retailer said it would scale back store openings from eight last year to
Sport Supply Group Returns to Profitability in Fiscal Second Quarter…
Sport Supply Group, the entity formed with the merger of Collegiate Pacific and the former Sport Supply Group, reported last week that fiscal second quarter revenues rose 9.5% to $54 million from $49 million in the prior-year period. The bottom line for
Wolverine World Wide Again Led by Outdoor Group in 2007; Sees Strong 2008…
Wolverine World Wide is celebrating the 125-year birthday for the Wolverine brand this year, but it is the company’s Outdoor Group that is getting all the attention once again as it set the pace for revenue growth for the 2007 fourth quarter and year, wit
Ralph Parks Takes CEO Reins at Heelys…
Heelys, Inc. reported late Friday that its board had accepted the resignation of Michael G. Staffaroni, CEO of Heelys, Inc. since 2001. Ralph Parks, former president and CEO of FootAction USA, will serve as interim CEO. Parks was named to the Heelys boar
SIA: Internet, Snow Push Sales…
A relative abundance of snow pushed snow sports sales up 13% from August to December compared to the same period last year, Snowsports Industries America reported. Close to half of all dollars in reported sales so far this season were spent in December,
Canada’s Dorel buys Cannondale and Sugoi
Canada's Dorel Industries Ltd. said it acquired Cannondale Bicycle Corporation and Sugoi Performance Apparel in an all cash deal valued at $190 million to $200 million. Cannondale and Sugoi are being purchased from an affiliate of Pegasus Capital Adv
Spyder Acquires Cloudveil…
Spyder Active Sports, Inc. has acquired Cloudveil Mountain Works, Inc. Terms of the deal were not disclosed. Under the agreement, Cloudveil will remain a separate brand entity and operate as a wholly owned, independent division of Spyder Active Sports. Cl
L.L. Bean Seeks New Ad Agency
L.L. Bean has placed creative duties on its $40 million advertising account into review, according to adage.com. L.L. Bean currently does not have a creative agency of record and has been farming out work to agencies on a project basis. Its media agency
Under Armour Q4 Net Up 42.4% on Solid Sales Gains
Under Armour, Inc. reported that net revenues increased 29.2% in the 2007 fourth quarter to $174.8 million compared to net revenues of $135.3 million in the prior-year quarter. Net income increased 42.4% to $16.9 million, or 34 cents per diluted share, c
HEAD Teams With 3point5 on Pro Deals
HEAD has partnered with retail training company 3point5.com to administer pro deal programs at specialty retailers. The partership induces Pros at HEAD retailers to study HEAD products on 3point5.com and take online tests to earn points which can be redee
Adidas to Buy Back 5% of Shares
Adidas AG launched a share buyback program of up to 5% of the company’s stock (up to 10,182,248 shares) effective immediately. At current market prices, the program represents an aggregate purchase price of up to € 420 million. Adidas AG intends to cancel
PacSun To Reduce Sneaker Sales
Pacific Sunwear has decided to reduce its dependence on the sneaker portion of its footwear business, but plans to continue to sell sandals, slippers and certain sneaker categories, it said. The company said the transition is expected to occur throughout
Russell Partners with NCAA Football
Russell Athletic has entered into a three year partnership agreement with NCAA Football to become the “Official Supplier of NCAA Football Youth Products.” As part of the deal, Russell Athletic has exclusive rights to utilize NCAA Football trademarks on pr
Nautilus Cancels Acquisition of China Factory
Nautilus Inc. said it has canceled plans to buy its largest contract manufacturer in Xiamen, China for $72 million in cash and stock. Nautilus said it likely will have to forfeit the $18.5 million nonrefundable deposit paid Land America Health & Fitness C
