SGB Update Outdoor
Li and Fung First Half Earnings Out-Pace Sales
For the first half of 2006, profit attributable to shareholders reached HK$764 million ($98.5 million), an increase of 24% over the same period in 2005. The Group’s turnover increased by 19% to HK$28 billion ($3.6 billion). This increase is above the targ
adidas Group Ups Sales Guidance ex-Reebok
adidas Group reported that second quarter Group sales increased 59% on a currency-neutral basis, driven by the consolidation of the Reebok business segment as well as higher than anticipated double-digit growth of both adidas and TaylorMade-adidas Golf. S
Johnson Outdoors Hires Currier and Associates
Johnson Outdoors has hired Currier & Associates of Brush Prairie, Washington to represent the company’s Eureka!â, Silva and Silva Tech4Oä brands in the Pacific Northwest. Currier & Associates’ territory will cover Alaska, Washington, Oregon, Montana and
New OIA Report Quantifies Economic Impact of Outdoor Industry
Outdoor Industry Foundation will release its first economic contribution study August 11th during the Outdoor Retailer Show in Salt Lake City. The study will quantify the economic contribution of active outdoor recreation to the U.S. economy. The purpos
Tecnica Taps Post to Run Nordica Apparel
The Tecnica Group appointed Bill Post as President and CEO of Nordica Apparel. Post, a 30-
year veteran of the outdoor/winter clothing industry, successfully managed Nordica
Skiwear through the 1990’s before becoming president of Sport Obermeyer in 2000..
Boa Tech Expands Outdoor Presence
Boa Technology has continued its partnership with The North Face, as well adding of two new premium outdoor footwear partners, Timberland and Montrail. While Boa and The North Face have successfully collaborated in the past, this is the first time Timberl
Hibbett Lowers Q2 DEPS Guidance on 11% Sales Jump
Hibbett Sporting Goods, Inc. net sales for the second quarter increased 11.0% to $104.4 million from $94.0 million for last year's quarter. Comparable store sales increased 0.6% in the second quarter of fiscal 2007. Based on these sales results, the
Collegiate Pacific Expects Q4 Net Loss; Proposes Sport Supply Acquisition
Collegiate Pacific both release preliminary results for Q4 and the fiscal year and offered to purchase the remaining shares of Sport Supply Group for $8.80 per share. Regarding Q406 preliminary results, the company currently expects to report revenues of
Garmin Picks Up New European HQ
Garmin Europe, Ltd., a division of Garmin Ltd., has signed a contract to purchase a new facility to serve as the company's European headquarters for distribution, marketing, and product support. The facility is located in Southampton, England on a 12
Golf Town Q2 Sales Jump 14.7%; Comps Up 4.7%
In the second quarter of fiscal 2006, Golf Town total sales grew to CA$82.1 million ($73.1 mm), an increase of 14.7% over the CA$71.6 million ($57.6 mm) recorded for the comparable period in 2005. The growth in sales was largely attributable to the additi
Irons Help, But Drivers Hinder Adams Golf in Q2
Adams Golf saw total net sales increase 29.8% to $25.7 million for the second quarter from $19.8 million for the same period last year. Net sales of drivers decreased 54.8% to $2.8 million; net sales of irons increased 118% to $18.3 million; net sales of
Nike Shuffles Management Deck
Nike shifted a large section of its managment team, promoting Gary DeStefano, previously head of U.S. Operations, to President, Global Operations; Trevor Edwards, previously Vice President, Global Brand Management, to Vice President, Global Brand and Cate
Danner Awarded Marine Boot Contact
The U.S. Marine Corps has awarded Danner Boots, a subsidiary of LaCrosse Footwear, Inc., with a five-year contract (one-year base period and four-option years) to produce between 500 and 40,000 boots over the life of the contract. The contract total is fo
Sara Lee Apparel Shrugs Off Sales Dip to Post Income Gains
For the fourth quarter of fiscal 2006, Sara Lee's soon-to-be-spun-off Branded Apparel division reported net sales of $1.13 billion, down 2% from last year. Operating segment income increased 57% in the fourth quarter to $98 million, compared to $62 m
New Balance Aquires Brine, Inc.
New Balance announced today it had acquired Brine, Inc., manufacturer of sporting goods for, amongst others, soccer, lacrosse, field hockey and volleyball, based in Milford, MA. Terms of the deal were not disclosed…
