SGB Update Footwear
Rebel Sport NZ Parent Expects H1 Income Slide…
Rebel Sport in New Zealand’s parent company, Briscoe Group, is having a tough first half, reporting that H1 net income will be “up to 15% lower” than the NZ$12.0 million ($7.6 mm) recorded in the year-ago period…
Delta Apparel to Close Plant, Cut Jobs…
Delta Apparel Inc., parent to M.J. Soffe, plans to close an Alabama plant, cut 110 jobs, and take restructuring charges as it moves some manufacturing to Honduras. As a result, Delta slashed its Q4 earnings outlook. The company predicts earnings of betw
Garmin Acquires Another International Distributor…
Garmin Ltd. plans to acquire Electronica Trepat S.A., the company’s principal distributor in Spain. The completion of the acquisition is subject to the negotiation and execution of a definitive acquisition agreement, the completion of legal and financial
Nike, Inc. Sidelines Latest Michael Vick Shoe…
Nike, Inc. last week suspended the introduction of Atlanta Falcons quarterback Michael Vick's latest shoe two days after a federal grand jury indicted him for allegedly conspiring to run a dog-fighting operation from a home he owned in Virginia. Vick
Sports, Inc. Closes Successful Athletics Show…
Sports, Inc. reported that its Athletics show, recently held in St. Charles, MO, was one of the group's most successful ever with both order volume and attendance up. “We invited 100 suppliers to the show and over 450 store owners, buyers and sales p
PPR Ups Puma Stake to 62.1%; Closes Takeover Offer…
SAPARDIS S.A., the subsidiary of French luxury goods company PPR S.A. that has been in talks to acquire a majority stake in PUMA AG, has closed its takeover offer. PPR now owns, through its subsidiary, a total of 62.1% of all PUMA votes…
RECALL: Thule Bicycle Racks…
Thule has issued a recall of a number of its discontinued hitch-style bicycle racks. Thule has determined that a pinch point exists between the bike arm bracket and the upright assembly of the hitch-style bicycle rack. When the bike arm bracket is moved
The SportsOneSource Group Expands Business Development 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 team. Susan Tauster has joined SportsOneSource as advertising sales manager for the Western U.S
Brunswick Names VP, General Counsel
Brunswick Corporation named Lloyd C. Chatfield II as vice president, general counsel and secretary reporting to Brunswick Chairman and Chief Executive Officer Dustan E. McCoy…
Oakley Posts 29% Second Quarter Sales Jump
Oakley, Inc. saw second quarter net sales jump 29.3% to $263.2 million, from $203.6 million in the same quarter last year. Net income for the quarter rose 20.1% to $21.5 million, or 31 cents per diluted share. Second quarter U.S. net sales (wholesale and
Garmin to Acquire Spanish Distributor
Garmin Ltd. has signed a letter of intent for the proposed acquisition of Electronica Trepat S.A., the principal distributor of Garmin's consumer products in Spain. The completion of the acquisition is subject to the negotiation and execution of a de
June Retail Comps Up as Market Readies for BTS…
The retail market took another step away from April’s woes in June with modest comparable sales gains that spurred the Dow Jones into the biggest single day jump in almost four years and sent the index near the 14,000 mark. However, Friday saw stocks sta
West Marine Q2 Comps Continue to Decline
West Marine’s comparable store sales for the second quarter decreased 2.9% due to a generally slow boating market in Florida and higher gas prices impacting water sports. Net sales for the quarter were $247.8 million, a decrease of 6.3% from net sales of
Confluence and Johnson Outdoors Settle Lawsuit…
Johnson Outdoors Inc. has reached a settlement agreement with Confluence Holdings Corp. that will end a long-standing intellectual property dispute between the two companies. While the terms of the agreement are confidential, the settlement does not const
Wolverine World Wide Sees Another Strong Performance from Outdoor Group…
Wolverine World Wide continues to rely on its Outdoor Group and its licensing business in its Heritage Brands Group for the majority of quarterly revenue gains while the Bates military business is showing more weakness in the face of slow government order
