SGB Update Outdoor
adidas Honored as Cannes 2006 Advertiser of the Year
The Organizers of the 53rd Cannes Lions International Advertising Festival have announced that adidas will be awarded the prestigious Advertiser of the Year award, which will be presented to Erich Stamminger, president and CEO of the adidas brand, in hono
Gander Mountain Sees Upside in Slower New Store Growth, Building Private Label…
Gander Mountain managed to impress Wall Street with fourth quarter earnings results that far outstripped previous guidance and consensus estimates. But the hunt/fish/camp retailer is still seeing difficult comparisons to previous performance at many of i
L.L. Bean Sales Hit $1.47 Billion in 2005…
L.L. Bean reported net sales of $1.47 billion for its 2005 fiscal year ended February 26, a 4% increase over 2004 net sales of $1.41 billion. L.L. Bean’s e-commerce site became its primary sales channel for the first time this year, out-stripping brick &
K2 Inc. Profits Hurt by Goodwill Write-Down…
K2 Inc. reported healthy organic growth for the 2005 fourth quarter, but a large write-down related to the company’s goodwill and intangible assets negatively impacted earnings by $253.2 million for the quarter and the year. This charge resulted from K2’
Kellwood Restructuring On-Plan…
Kellwood, parent company to Kelty, Sierra Designs, and Slumberjack showed some positive results for the fourth quarter, in spite of slower sales in its two biggest divisions. However, the company’s “Other Softgoods” division, which houses all of its outdo
Rossignol Deal Makes Europe Quiksilver’s Largest Region; Quik Cuts Fiscal Q2 Guidance…
Quiksilver, Inc. reported a considerable top-line benefit from the Rossignol acquisition during its fiscal first quarter ended January 31 and was able to able to take full advantage of the “lost quarter” effect since Rossignol was not on a quarterly repor
Nike and adidas on Same Side in $38 mm Counterfeiting Award…
It seems the two companies are more likely to find themselves in court against each other these days, but a U.S. District Court magistrate in New York made the world’s two largest athletic brands partners of sorts — at least for a day — after recommendi
Umbro Swings to Profit in Non-Tournament Year…
Umbro plc was able to swing to a profit in the 2005 fiscal year despite a sharp decline in total revenues and the lack of any key tournaments during the year. Operating earnings before exceptional items inched up 1.3% to £24.5 million ($45 mm), compared
The Sportsman’s Guide Starts Playing Team Sports…
The Sportsman’s Guide saw another strong quarter as sales and earnings were up for the both the fourth quarter and the year. During a conference call with analysts, management was also excited about the recently launched BaseballSavings.com and SoftballS
Cutter and Buck Greets New Faces with Strong Q3…
In a conference call discussing Cutter & Buck’s third quarter, the company welcomed its new CEO Ernie Johnson and its new president, Kaia Akre. Both are replacing the recently retired CEO and president, Tom Wyatt. It was handshakes all around as the new m
SnowSports Retail Results Remain Strong Through January…
In spite of tough weather conditions throughout much of the Northeast, SnowSports sales remained strong thanks to a healthy early season and near-perfect conditions in the Western states. However, January sales for the industry did lag behind last year at
U.S. and China Increase Anti-Counterfeiting Laws…
As more manufacturing of footwear and apparel in the Bicycle, Outdoor, and SnowSports industries moves off-shore, the costs of protecting trademarks and intellectual increases. Many manufacturers are facing growing counterfeiting problems, including Timbe
Outdoor and SG Retail Finishes 2005 With a Bang…
Large national outdoor retail chains saw a banner year in 2005, with higher than expected comps that trickled down to the bottom line. The two largest specialty outdoor retailers in the country, REI and L.L. Bean, were able to capitalize on great winter c
Kellwood Doubles Earnings on Lower Sales Volume
Kellwood Company net sales for the fourth quarter totaled $473.4 million, as compared to $495.5 million last year. Net earnings for the fourth quarter were $12.5 million, or 49 cents per diluted share, versus $7.1 million, or 25 cents per diluted share, l
ATTA Hires Chesak as Director of Business Development
Responsibly growing the adventure travel community is the cornerstone of a new Adventure Travel Trade Association (ATTA) partnership initiative designed to connect corporate partners, media and service providers with tour operators, destination marketing
