SGB Update Footwear
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…
Vecchione Promoted to President at Polartec; Spillane Hired as President of Converse
Polartec, LLC promoted COO Andrew Vecchione to president, assuming leadership from Michael Spillane. Spillane, who has led the Polartec business since July of 2004, has achieved the goal of stabilizing and re-positioning the company as a global, technolog
Saks April Comps Increase 11.7%
Retailer Saks Incorporated announced that owned sales totaled $281.3 million for the four weeks ended May 5, 2007 compared to $248.7 million for the four weeks ended April 29, 2006, a 13.1% increase. Comparable store sales increased 11.7% for the four-wee
Stage Stores Comps Fall 14.8% in April
Stage Stores, Inc. total sales for the four-week April period beginning April 8, 2007 and ending May 5, 2007 decreased 13.8% to $102.6 million from $119.0 million in the prior year four-week period beginning April 2, 2006 and ending April 29, 2006. Compar
Centerstone Adds Ogio to iVendix Client List
CenterStone Technologies, Inc. reported that Ogio, of Bluffdale, Utah, is the newest client to select the company’s iVendix software application. iVendix will provide Ogio with a business-to-business (B2B) online ordering solution for more than 2,000 of t
Adams Golf Sees Q1 Sales Jump 25%
Adams Golf posted record net sales for the first quarter of $27.8 million, improving 25% over $22.3 million in the year-ago quarter. The company’s $27.8 million in net sales for the first quarter represents its largest first quarter net sales figure since
Everlast Signs Boxing Equipment License for Mexico
Everlast Worldwide Inc. has signed a new license with Difusion Deportiva, S.A DE C.V. to distribute boxing equipment in Mexico. Difusion, a longstanding Everlast licensee since 1986 for men's, women's and children's apparel and accessories,
Big Dog Q1 Net Loss Widens Despite 14% Sales Gain
Big Dog Holdings reported that consolidated net sales for the 2007 first quarter were $44.2 million, a 14% increase from $38.7 million in the first quarter 2006. The consolidated operating loss for the period was $5.9 million, compared to $4.8 million for
Norcross Acquires NEOS
Norcross Safety Products (NSP), parent company of North Safety Products, has acquired New England Overshoe (NEOS), a leading overshoe manufacturer for industrial and consumer markets. New England Overshoe makes NEOS brand overshoes, rugged all-terrain and
Puma AG Sees Growth Moderating as U.S. Sales Decline
Puma AG reported that first quarter consolidated sales grew 7.4% currency neutral (2.0% in Euro terms) to €655.8 million ($859 mm) from €642.8 million ($773 mm) in Q1 2006.Net earnings grew 3.7% for the period to €96.6 million ($127 mm), compared to €93.1
PolarPak Reports Delivery Delays
Sport Innovation Group, owner of the PolarPak brand, reported that delivery on all Polarpak Hydration Systems, which includes the Polarpak and Moflow reservoirs along with the Flowjo waist pack, were delayed until early- to mid-June. The company noted cha
Rocky Brands Sees Q1 Profits Decline on Lower Margins
Rocky Brands first quarter, 2007 net sales increased 7.2% to $61.7 million versus net sales of $57.5 million in the first quarter of 2006. Net income was $800,000 versus net income of 900,000 and diluted earnings per share were 14 cents compared to dilute
