SGB Update Footwear
SSL Adds New Members After Winter Sports Market
Sports Specialists Limited reported a successful Winter Sports Market ’07 with 95% participation from its retailers, on par with last year and over 80 suppliers in attendance. In addition, SSL welcomed three new retailer members including Sportsman Chalet
Umbro Increases Stake in China Joint Venture to 40%
Umbro plc has reached an agreement with Win Hanverky Group to purchase an additional 15% equity stake in its licensee for Greater China, Team & Sports Ltd and enter into a revised distribution agreement. Umbro purchased an initial 25% equity stake in Octo
Everlast Inks Licensing Deal for Holistic Pain Relief Products
Everlast Worldwide Inc. has signed a license agreement with Bossong Mills Inc. to launch the “Everlast Pain Manager,” a graduated compression band for joint pain produced with Bossong's revolutionary carbon fiber technology. This new product will be
Sportlab to Represent Sugoi in Italy
Sugoi Performance Apparel appointed Sportlab S.r.l. as their new sales agency for Italy. Sportlab is active in the Italian sports retail market, based in Volpago near Treviso, has taken over sales to and servicing sports and running retail outlets in the
Collegiate Pacific Narrows Q2 Loss on 6% Sales Increase
Collegiate Pacific Q2 net sales were up 6.4% to $49.4 million for the quarter from $46.4 million for the same period in fiscal 2006. Net income for the quarter was a loss of $871,000 compared to a loss of $971,000 last year. Fully diluted earnings per sha
Amer Sports 2006 Net Sales and Income Increase; Expects Flat 2007 Sales
Amer Sports 2006 net sales increased 31% thanks to the acquisition of Salomon. Pro-forma net sales grew 3.5% to €1,792.7 million ($2.252 bn) as compared to 2005 pro-forma sales of €1,732.0 million (2.157 bn). Earnings before interest and taxes (EBIT) wer
Gander Pulls Realistic Airsoft Guns off Shelves…
Gander Mountain Company is pulling realistic replica guns from its stores in Minnesota and will sell only airsoft guns that are obviously and unmistakably toys. Gander Mountain will phase out realistic replica guns, in favor of guns that are more obviousl
VF Corp. Organic Growth Continues in Q4; Misses Guidance on Write-Downs…
VF Corporation reported solid organic sales growth during the fourth quarter, but write-downs relating to the company’s Jeanswear business and the recently announced sale of their Intimates business caused net income and diluted EPS to miss guidance issue
Timberland Restructures for the Future…
In conjunction with reporting its financial performance for the fourth quarter and the year, Timberland announced the departure of the company’s COO, Ken Pucker, who had been with the company for 15 years. Beginning in the second quarter, Timberland will
Timberland Fourth Quarter Impacted by Slower Boot Business…
Timberland continues to struggle with its urban boot business, but improvements and strong growth in several of its other categories are offsetting the majority of the revenue declines. Overall TBL revenue growth improved during the fourth quarter, suppor
Quiksilver Cuts Guidance But K2, Inc. Raises Their Outlook…
Quiksilver, Inc. has adopted a more cautious outlook for the remainder of this year and next year's early season due to the unseasonably warm winter and poor snow conditions in the U.S. and in Europe. ZQK now expects first quarter fiscal 2007 revenue
Nautilus Acquires Manufacturer; Posts Record Q4…
Nautilus, Inc. finished the 2006 fiscal year with a step towards verticality as it announced plans to acquire one of its major manufacturing partners, Xiamen, China-based Land America Health and Fitness Co., Ltd. Consideration for the acquisition is appr
Asics Sees Bottom Line Outpace Q3 Sales Gains…
For the third quarter, Asics Corp. saw net sales increase 17.6% to ¥46.8 billion ($397.4 million) from ¥39.8 million ($339.8 million) last year. Gross margin for the company decreased 80 basis points to 45.1% of net sales from 45.9% during the same period
Asics Takes Skechers to Court over Stripes…
Asics America Corporation and Asics Corporation Japan have filed a lawsuit in the U.S. District Court, Central District of California against Skechers U.S.A., Inc. for trademark infringement, unfair competition, trademark dilution and false advertising. A
adidas Continues Partnership with Intersport…
adidas and Intersport International Corporation extended their existing strategic cooperation, which was entered into in 2003, until 2012. This deal will ensure integrated business development going forward, strengthening the sales and distribution proces
