SGB Update Outdoor
Zumiez Acquires Fast Forward Chain
Zumiez Inc. has signed a definitive agreement to acquire Fast Forward, an action sports retailer with 19 stores and a web presence. Of the 19 stores, 16 are in Texas, with one store in California and two stores in Oklahoma. Zumiez will fund the acquisitio
Nike Loses South American Converse Contract Dispute
Nike, Inc. received a less that hoped for ruling in an arbitration case arising from a contract dispute between the company's Converse subsidiary and Alon International, S.A., a former licensee for Converse in Brazil, Argentina, Paraguay and Uruguay.
Apparel Manufacturer Opens Research Center in Nike HQ
Tefron Ltd. will launch a joint “Center of Excellence” with Nike, located at Nike's world headquarters in Beaverton, Oregon. The Center of Excellence will focus on integrating innovation and technology into garment manufacturing, on creating first ra
Implus Acquires YakTrax
Implus Footcare, LLC, acquired YAKTRAX snow and ice traction devices. Total Implus revenue with the new brand is projected to approach $70 million for fiscal year 2006. Steve Couder, National Sales Manager for YAKTRAX, will continue to lead sales for the
Orange 21 Q1 Sales Up; Net Loss Falls
Orange 21 Inc. saw net sales for the first quarter of 2006 increase 11% to $9.4 million from $8.5 million last year. The company reported a net loss for the quarter of approximately $1.7 million, or 21 cents loss per diluted share compared to a net loss o
Phoenix Footwear Sales Increase 52.8%; Income Doubles
Phoenix Footwear Group, Inc. net sales for the first quarter increased 52.8% to $40.3 million, compared to $26.4 million for 2005. Organic growth was 7.3%. This reflects a 29.0% increase in Royal Robbins, a 16.2% increase in H.S. Trask, and a 5.4% increas
adidas Group Provides Nice Surprise for Q1…
Analysts were ecstatic about the surprisingly positive first quarter turned in by the adidas Group that reflected strength in both the Brand adidas and TaylorMade-adidas Golf segments. While currency-neutral revenues jumped 40% when including two months
Small Business Health Care Blocked in Senate…
The Small Business Health Care Plan, one of the top priorities during OIA’s recent Capitol Summit and a key issue for the SGMA, was defeated in Congress last week. The Bill was proposed by Senator Enzi this year and allowed industry associations to pool
CITA Expands Quota Exemption, but Not Enough…
The Committee for the Implementation of Textile Agreements sent a letter to Outdoor Industry Association and SnowSports Industries America informing the industry groups that it has revised the definition of ski and snowboard pants that are exempt from the
Pacific Sunwear Hopes for Summer to Spur Sales…
Pacific Sunwear of California, Inc. rode the strength of new stores to post a sales gain for the first quarter, but saw comps decline slightly. The good news is that warm weather categories performed well for the retailer as winter thawed and shoppers st
Warnaco Swim Has Tough Q1…
The Warnaco Group, Inc. posted net revenues of $466.3 million in the first quarter, up from $439.5 million in Q1 2005. Gross margin was 37.4% of net revenues, compared to 35.7% in the first quarter of fiscal 2005. Net income totaled $16.1 million, or 34
The Sportsman’s Guide Benefits from Hunt/Fish/Golf Combo in First Quarter…
The Sportsman's Guide, Inc. saw net sales for the first quarter increase 11% to $71.6 million from $64.6 million for the same period in 2005. The increase in net sales for the period was primarily due to increased Internet-related sales. Sales at Spo
NGF: Strong Start for Golf in ‘06…
According to the National Golf Foundation, 2006 is off to a better start for golfers than 2005. Rounds played in the U.S. were up nearly 10% in the first quarter of 2006 over the same period last year when rounds played were down 5.2%. Same-store rounds
Golf Town Shrinks Q1 Loss…
Canada’s golf specialty retailer, Golf Town, had a strong first quarter with both new stores and old contributing to top line growth. The strong sales helped to shrink the net loss in what is typically the company’s quietest quarter.
In the first quarter
Collegiate Pacific Q3 Boosted by Acquisitions
Collegiate Pacific Inc. saw fiscal third quarter net sales increase 120% to $59.4 million from $27.0 million for the same period last year. The more than double sales increase was attributed to acquisitions and double-digit organic sales growth. Gross ma
