SGB Update Footwear
Grassroots Outdoor Alliance Launches New Web Presence
The Grassroots Outdoor Alliance unveiled its new 'dual' web portal. The new web presence includes the Alliance's blog and a website portal. The Alliance chose to have a dual web presence to encourage daily interaction…
Rocky Sees Q1 Profits Decline on Lower Margins
Rocky Brands reported first quarter net sales increased 7.2% to $61.7 million versus net sales of $57.5 million as gains in Work and Hunting categories were offset by declines in the Western business, again due to weakness on the fashion side…
PPR Officially Issues Takeover Bid for All Puma Shares
PPR, through its subsidiary SAPARDIS, officially published the offer document for the friendly voluntary takeover offer to the outside shareholders of PUMA AG. SAPARDIS is offering €330.00 ($432.30) in cash for each PUMA share. The offer price values PUMA
Gregory Parent to be Acquired by BAE Systems…
Armor Holdings, Inc., the parent company to Gregory Mountain Products since January of 2005, has entered into a definitive merger agreement to be acquired by BAE Systems, a global company engaged in the development, delivery and support of advanced defens
adidas Group Q1 Net Down; Sales Growth Slows…
adidas Group saw decent top-line growth in the first quarter, boosted by gains at the adidas brand and an additional month of reporting for the Reebok business. However, the bottom line was hurt by higher operating expenses, a slightly higher tax rate, an
The Corner Office Shuffle…
This week saw several top tier executive moves in the outdoor and sporting goods industries. Late on Friday, Polartec, LLC announced that Andrew Vecchione would be taking over as the new president of the company…
Heelys Posts Strong Q1; Outlook Fuels Concerns…
While Heelys, Inc. reported another triple-digit increase in sales and earnings for the first quarter, with earnings growth easily outpacing the revenue jump, a shift in the order book going forward and a proposed share sell-off by existing shareholders m
OIA Opens Nominations for Board Members…
Outdoor Industry Association is soliciting candidates to fill the open seats on the Board of Directors and represent the interests of the OIA membership. OIA Nominations Committee is now accepting Board nominations. OIA seeks to maintain a strong, balance
Square-Headed Scarcity Hampers Golfsmith’s Q1…
Golfsmith posted a mid-singles increase in net sales for the first quarter, thanks to the addition of 13 stores that are not included in the comp base. Comparable store sales actually declined 9.3% for the quarter. According to the company, “comparable s
Garmin Ltd. to Acquire German Distributor…
Garmin has signed a letter of intent to acquire its German distributor, GPS GmbH. Financial terms of the proposed transaction were not released. Following the acquisition, GPS GmbH is expected to change its name to Garmin Deutschland GmbH…
Puma AG Outlook Takes Hit from Major Account, World Cup Comparisons…
Puma AG has run into a snag in its plans to reach $4 billion in sales by the end of its Phase IV initiative, but the company apparently sees the current situation as more of a bump along the road than a shift in direction for the brand. The company is ta
Rumors Swirl Around Potential Backpacker Magazine Sale…
Folio is reporting that Rodale is in the final stages of selling Backpacker magazine to a private equity backed media company called Active Interest Media…
April Results Put a Final Hurt on a Tough Retail First Quarter for Many…
The combination of unpredictable weather patterns with a shift of Easter into fiscal March proved too much for many retailers in April as only the Luxe and Club channels managed to see much improvement over the year-ago month…
DSW Follows Zumiez Lead…
DSW Inc. reported net sales for the first quarter increased 12.8% to $357.0 million compared with $316.5 million for the thirteen-week first quarter ended April 29, 2006. Same-store sales decreased 3.6% for the comparable thirteen-week period versus an in
Coll Pacific Fiscal Q3 Driven by Organic Growth…
Collegiate Pacific Inc. reported third quarter sales grew 6.4% to $63.2 million, primarily attributable to a 17% organic growth rate generated by its road sales force and end-of-season basketball uniform deliveries, as well as solid uniform demand from sp
