SGB Update Footwear
Brunswick Q4 Fitness Profit Gain Offsets Bowling and Billiards Decline…
Brunswick fourth quarter net sales increased to $1.49 billion, up 12% from $1.33 billion a year earlier. Acquisitions accounted for half the sales increase in the quarter. Net income totaled $88.3 million, or 90 cents per diluted share, for Q4, up from
Lafuma Continues N.A. Growth; Builds War Chest…
The Lafuma Group reported a considerable increase in sales during the company’s fiscal first quarter, mainly due to the recent acquisition of OxBow. Including OxBow, total group sales increased 27.0% to €46.6 million ($55.9 mm) compared to €36.7 million (
TSA Goes Private in $1.3 Billion Deal…
If all boats rise and fall with the actions of a particular company, then The Sports Authority created a tsunami on Wall Street last week for the sporting goods retail market, which grew at roughly three times the rate of the overall S&P 500. TSA shares
OIA Develops Fair Labor Code; Announces First Annual Awards
Outdoor Industry Association has adopted a supplier code of conduct as developed by the organization’s Fair Labor Working Group. In addition, OIA released a Fair Labor Toolkit at Outdoor Retailer Winter Market. The Fair Labor Toolkit presents a code of co
Gander Gets Class Action Dismissal…
The U.S. District Court in Minnesota has dismissed in its entirety and with prejudice the consolidated securities class action complaint filed against Gander Mountain Company and certain of its officers and directors. Plaintiffs have 30 days from the date
Yue Yuen Margins Take Another Hit in Fiscal 2005, But Retail Growth Helps…
Yue Yuen Industrial Holdings shrugged off the effects of higher costs for raw materials, increases in labor costs and the appreciation of the Yuan to post a 2.2% increase in net profit to $310.1 million for its fiscal full year ended September 30. The co
Kangol Partners with Stereo Sound Agency for Headwear
Kangol has joined forces with Stereo Skateboards, a.k.a. The Stereo Sound Agency, to release an exclusive line of headwear for SpringISummer '06.
Stereo Skateboards, founded in 1992, is the brainchild of skateboarder/artist Chris Pastras and
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Gander Expects Big Q4 Sales and Earnings Jumps
Gander Mountain Company expects pretax income for the fiscal fourth quarter to be in the range of $21 million to $22 million, an increase of 20% to 25% over the fiscal fourth quarter of 2004. The company anticipates that sales for the quarter will total $
adidas/Reebok Deal Clears European Regulators
The European Commission has unconditionally cleared adidas-Salomon AG's proposed acquisition of Reebok International Ltd. No other anti-trust approvals are required to complete the transaction. Reebok will hold a Special Meeting of Shareholders today
Reebok Gets 98% Affirmative Vote on adibok Deal
At a Special Meeting of Shareholders held Wednesday, Reebok’s shareholders approved Reebok International's previously announced merger agreement with adidas-Salomon AG. More than 98% of the votes cast were voted in favor of the transaction. adidas-
adidas Group Closes Billion Dollar Private Placement
The adidas Group yesterday closed a $1 billion US private placement transaction. The new transaction improves the Group’s financial flexibility and further extends its overall maturity profile. The proceeds of the transaction will be used to help finance
Sportsman’s Guide to Exceed Full Year Estimates
The Sportsman's Guide, Inc. expects to report consolidated net sales of approximately $285 million and diluted earnings per share in the range of $1.37 to $1.38 for the year ended December 31, 2005. This would compare with total year 2004 results of
Payless to Open New Western Distribution Center
Payless ShoeSource plans to open a second product replenishment facility in the western United States. The additional facility will supply merchandise to the company's stores located west of the Rocky Mountains. The exact location of the additional f
Franklin Resource Group Apppoints Olson as VP
Franklin Resource Group has named Rick Olson a vice president of the company. Olson was most recently VP/GM of 180s. Rick brings more than 15 years of experience in sales and marketing to the FRG Team.
Schutt Sports Hires Rossi as Chief Marketing Officer
Schutt Sports announced that Dave Rossi has joined the organization as Chief Marketing Officer. Prior to joining Schutt Sports, Mr. Rossi was Director of Marketing & Product Development for Sportscraft Ltd, of Mount Olive, New Jersey…
