SGB Update Footwear
NSGA: Athletic Footwear Prices Up 1.6% in 2008
Preliminary data from the NSGA “Sporting Goods Market in 2009” report puts the average price point for athletic footwear in 2008 at $43.71, a 1.6% increase from 2007. In 2007, the average price had risen 2.1% to $43.03…
Sturm Ruger Full-Year Sales Up to $181.4M
Sturm, Ruger & Company, Inc. saw a fourth quarter surge in sales attributed to the election of President Obama and the fear of federal firearms restrictions…
Play It Again Parent Posts Net Loss in Fourth Quarter
Winmark Corporation, the parent of Play It Again Sports, reported that net income fell 37% for the year ended December 27 to $1.1 million, or 21 cents per diluted share, compared to $3.0 million, or 54 cents per diluted share, for 2007…
Footjoy Closing Plant in Brockton
FootJoy, a division of the Acushnet Co., is shutting down its plant in Brockton, MA, affecting 103 employees. A company spokesman Rob Kelley told The Enterprise of Brockton that the closure announced Thursday will occur in phases over the next six weeks..
Globe International’s Sales Slide 4.5% in Half
Globe International's sales fell 4.5% in the six months ended Dec. 31, to Australian $60.6 million (U.S. $39.3 million). In constant currency terms, sales dropped 11%. The EBITDA loss was A$5.7 million ($3.7 million) compared to earnings of A$1.1 mil
Pacific Brands Restructures As H1 Sales Dip 2.9%
Pacific Brands is implementing a new strategy – Pacific Brands 2010 – to restructure and sharpen the focus of the business. The company will discontinue some of its smaller labels and brands to reduce complexity and cost and divest some non-core businesse
Analysis: Women Consumers at Sporting Goods Retail…
A frequently-cited marketing maxim holds that women drive 80 percent of consumer purchases at retail. While finding the original source of that figure has proven to be elusive, most will agree that women are responsible for a significant level of spending
OBIT: Founder of Crazy Creek Rob Hart Dies in Ski Accident
Robert “Rob” Dixon Hart, 51, founder of Crazy Creek Products died Feb. 20 in a skiing accident on Red Lodge Mountain. Hart founded Crazy Creek Products with his first wife Louise “Weezie” Chandler in Red Lodge, MT in 1988…
RECALL: 78,000 Bowflex Units
The U.S. Consumer Product Safety Commission and Nautilus, Inc. have recalled about 78,000 Bowflex Ultimate 2 Home Gyms after it was determined the unit's horizontal seat rail can unexpectedly fall on the user or bystander…
Lacrosse Subsidiary Receives Army Order for $6.7 Million
LaCrosse Footwear, Inc. said its Danner subsidiary received a new $6.7 million delivery order from the U.S. Army for the Danner Combat Hiker boot. Danner anticipates delivering this order of the Combat Hiker boot beginning in April through August of this
RECALL: Bowflex Gyms
Nautilus Inc. is recalling a total of 78,000 Bowflex home gym systems because of safety concerns. The Consumer Product Safety Commission said the seat of the Bowflex Ultimate 2 Home Gym could fall unexpectedly and injure a user or bystander. The seat, whi
Gramicci Hires VP, Sales
Patricia Babka has been named vice president of sales for Gramicci, the manufacturer of outdoor lifestyle apparel. Most recently, Babka was general manager for the Americas at Skins USA, where she established all facets of the operations to launch Skins c
Berkshire Hathaway’s Apparel Earnings Down 34%
According to the just-released annual report from Berkshire Hathaway, pre-tax earnings in its apparel businesses declined 34% in 2008, primarily due to lower sales volume and costs incurred to consolidate certain operations of Russell and Vanity Fair Bran
Unifi Commences Tender Offer for Notes
Unifi, Inc. commenced a cash tender offer for up to $8,776,000 aggregate principal amount of its 11.5% Senior Secured Notes due 2014. Approximately $190 million in aggregate principal amount of the notes are currently outstanding…
Wolverine Hires New Members for Global Operations Group
Wolverine Worldwide has hired new employees for the Global Operations Group. Eric Goldner has joined the team as the Vice President, Procurement & Costing; Dan Spiegel joined the GOG team in Big Rapids on Jan. 19 as the Director of Operations in Big Rapid
