SGB Update Footwear
Heelys Posts Q4 Loss, Sales Tumble 86%…
Heelys Inc. swung to a fourth quarter loss on higher returns and markdowns, while sales tumbled 86% to $9.8 million from $71.1 million. The $5.5 million loss, or 20 cents a share, included $3 million to increase its reserve for marketing discretionary fun
Iceland’s First Billionaire Sets Sights on Amer Sports…
Helsinki-based Amer Sports is investigating restructuring its board after a London-based investment bank that acquired 20% of the company in late January began pushing for representation on the board. Novator Finland Oy notified Amer Sports March 3 that i
Aldila Sees Flat Q4 Sales…
Aldila, Inc. reported that 2007 fourth quarter sales were essentially flat at $17.7 million versus $17.9 million in Q4 2006. Sales of golf shafts were relatively flat and sales of composite materials were 13% higher. There were no sales of hockey products
OGIO Files Suit Against Callaway for Patent Infringement…
OGIO is taking Callaway to task over alleged patent infringement regarding its Woode Club Management system, which was issued patent number 6,877,694 B2 in April 2005. The company filed papers with the State of Utah's Federal District Court on Februa
Messe München Suspends ispo summer; Expands Nielsen Business Media Alliance…
Messe München GmbH last week suspended its ispo summer show until further notice, while broadening its alliance with Nielsen Business Media, the German company said Friday. The company said the changes, which follow defection of many outdoor vendors and
Gildan’s Activewear Gets Boost from Prewett Deal to Bolster Fiscal Q1 Revenues…
Gildan Activewear Inc. reported sales in its first quarter climbed 34.8% to $250.5 million from $185.8 million a year ago. The gain was due to an increase of 92.7%, or US$39.4 million, in sock sales due to the acquisition of V. I. Prewett & Son and new re
Doug Kelly Out at Russell Athletic
Doug Kelly, who joined Russell Athletic as president about a year and half ago, is leaving the company to pursue other interests. No new president will be appointed. Kelly's duties will be divided among several Russell executives: Gary Barfield, Matt
OBIT: Ted G. Robinson
Theodore (Ted) G. Robinson, a past president of the American Society of Golf Course Architects, died Sunday March 2, 2008 at his home in Laguna Beach, CA after a 10 month battle with pancreatic cancer. He was 84…
Report: Callaway Splits with Ad Agency
Callaway Golf has split with its ad agency, WPP Group's Y&R, according to Adweek. The trade magazine also said that earlier this year, director of marketing Scott White left Callaway to join competitor TaylorMade…
ispo summer Suspended While Organizer Retools
Messe München GmbH has suspended its ispo summer show until further notice, broadened its alliance with Nielsen Business Media and is lanuching a show for Europe to meet growing demand for quick-turn sourcing in the sporting goods industry, the German com
L.L. Bean 2007 Sales Advance 5.5%
L.L.Bean reported sales in its fiscal year ended February 24 reached $1.62 billion, a 5.5% increase over 2006. The company also announced that its Board of Directors approved a cash award of 5% of annual pay to eligible employees, a payout of approximatel
Adidas and Samsung Partner on Mobile Phone
adidas and Samsung have teamed up to introduce miCoach, a mobile phone that works with adidas shoes and apparel to plan, track and motivate users in training. It combines a mobile phone, heart rate monitor, stride sensor, MP3 player and the voice of a “pe
Escalade Increases Dividend
Escalade, Inc. increased its quarterly dividend by 14%. Its board authorized the payment of a 25 cents per share dividend payable March 21, to all shareholders of record on March 14…
Loop’d Network Launches Site for Skiers
Loop’d Network, a San Diego start-up that is creating a social networking site for action sports brands, has launched a community for skiers. The new site offers skiers the ability to seek sponsorship, enter contests sponsored by brands such as Oakley and
Fox Racing Shox Hires Patent Attorney
Fox Factory, Inc. has hired a high-powered patent attorney, inventor and former mountain biking and motocross enthusiast as its general counsel. David Haugen, who will also carry the title “chief patent attorney,” will focus on ensuring that Fox's i
