SGB Update Footwear
SGMA Supports Youth Sports Legislative Package
The Sporting Goods Manufacturers Association is throwing its support behind a new legislative effort on Capitol Hill that will help to encourage youth sports participation. The Youth Sports Legislative Package includes seven bills, three of which are curr
Under Armour Q2 Income Soars on 50% Sales Increase
Under Armour net revenues increased 50.7% in the second quarter of 2007 to $120.5 million compared to net revenues of $80.0 million in the second quarter of 2006. Second quarter net income increased 135.6% to $5.7 million compared to $2.4 million in the s
Half Moon Outfitters Wins prAna Merchandising Contest
prAna announced the winners of its new “Build a prAna Environment” merchandising contest, launched in June 2007. Designed to encourage retailers to conceptualize and build prAna-themed environments in their stores, prAna received an overwhelming number o
Crocs to Acquire Bite Footwear
Crocs, Inc. has entered into a definitive agreement to acquire the Bite Footwear brand for $1.75 million in cash, plus a potential earn-out of up to $1.75 million based on Bite hitting certain earnings targets over a three-year period. Bite markets and se
K2 Settles Litigation Surrounding Jarden Acquisition
K2 Inc. and the City of Roseville Employees' Retirement System agreed to a settlement in principle of the pending litigation in the Superior Court of the State of California brought by the City of Roseville Employees' Retirement System relating
Head Names North American Tennis and Golf Licensee
Nex-LvL Inc, based in Toronto, has been named the North American licensee for HEAD Tennis and Golf sportswear. The company was founded by Gidon Fisher, while its president is Robert Fenton and its VP of marketing and merchandising is Katie Curry…
Acushnet Gets Q2 Boost from New Product Intros…
Acushnet Golf, the golf division of Fortune Brands, Inc. that houses the Footjoy, Cobra, and Titleist brands, saw double-digit second quarter sales growth driven by new product introductions from all three brands. Net sales increased 11.5% to $474.6 mill
Skechers Shares Tumble on Q2 Expense Growth…
Skechers USA, Inc. once again posted strong top line gains in the second quarter, but received concerned commentary from analysts on the quarterly conference call when those improvements failed to produce year-over-year profit growth. At the heart of the
K-Swiss Q2 Sees More of the Same, but Europe Business May be Plateauing…
K-Swiss Inc. saw continued degradation in its domestic business and continued strength in its international business, but also indicated that the brand “appears to be plateauing” until they can “effectively expand to other European countries.” The Interna
Deckers Increases Guidance on Stronger than Expected Second Quarter…
While Deckers reported strong top-line growth in Q2 and impressed Wall Street with better than expected results, lower gross margins caused a considerable decline in operating margins for the period. Overall sales growth was driven by across-the-board gai
GBMI Names SVP of U.S. Sales
Global Brand Marketing Inc. welcomed Scott Home back to the company, appointing him senior vice president of U.S. sales. In this position, Mr. Home, who brings over 30 years of footwear industry experience, will oversee all aspects of U.S. sales operation
Brunswick Has Tough Q2…
Brunswick Corporation saw second quarter net sales decrease slightly to $1.52 billion, down from $1.54 billion a year earlier. Fitness segment sales increased 11% in the quarter to $144.0 million, up from $129.7 million in the year-ago quarter. Operating
Nike Suspends Vick Contract…
Nike has suspended Michael Vick’s contract without pay, and will not sell any more Michael Vick product at Nike owned-retail at this time…
GSI Q2 Loss Widens on 10% Sales Gain…
GSI Commerce Inc. posted double-digit net revenue growth in the second quarter on the strength of new partners and increased service fees. Sporting Goods sales grew in the low– to mid-teens in the quarter, though slightly off the pace of past periods, wi
The SportsOneSource Group Expands Team…
In an effort to better service the needs of a growing and divergent client base, The SportsOneSource Group has added three solid industry professionals to its business development team…
