SGB Update Outdoor
Garmin Q4 Earnings Outpace Sales by Nearly Two to One
Garmin Ltd. fourth quarter 2005 revenue was $319.3 million, up 45% from $220.9 million in fourth quarter 2004. The consumer segment revenue increased 50% to $260.2 million in fourth quarter 2005. All geographic areas experienced solid growth. Earnings pe
Hi-Tec Takes Next Step in Five-Year Restructuring Plan
Hi-Tec Sports PLC is entering it’s fourth year of a five year repositioning strategy. It started in 2002 with the re-branding of it’s Hi-Tec Brand, focusing on the core categories of Outdoor, Golf and Court. Over the next 2 years, this was followed by cen
Bob’s Stores a Burden to TJX in 2005
The TJX Companies, Inc. saw net sales for the fiscal year were $16.1 billion, an 8% increase over last year and consolidated comparable store sales increased 2%. Sales at Bob's Stores decreased 0.7% for the quarter to $288.5 million from $290.6 milli
L.L. Bean To Open Several New Stores In New England
L.L.Bean, Inc. plans to open retail stores in three new states, along with significant investments in retail and operations at the home of their corporate headquarters and Flagship Retail Store in Freeport, Maine. The first will open September 2006 in Bur
Pacific Brands Posts 4.5% H1 Sales Increase
Pacific Brands Limited posted record sales of A$834.3 million ($627.6 mm) for the fiscal first half, a 4.5% increase over the same period last year. Branded sales increased during the half by 7.0% to A$772.1 million ($580.8 mm), including results from the
Keen Footwear Names Nike Vet as New President
Kirk Richardson, a longtime Nike executive of 27 years and former GM of Nike Outdoor business group, has been named as president of Keen Footwear. Richardson replaces the current president, Jim Van Dine. Van Dine made the personal decision not to move w
Skechers Nearly Triples Q4 EPS on Stronger Sales
Skechers USA, Inc. reported that net sales for the fourth quarter of 2005 increased 8.2% to $223.5 million as compared to $206.5 million in the fourth quarter of 2004. Net earnings for the fourth quarter of 2005 were $5.9 million, or 14 cents per diluted
Stride Rite Appoints Talbot’s CFO to Board
The Stride Rite Corporation announced that, following its 2006 annual meeting of shareholders, it will appoint Edward L. Larsen to the Company's Board of Directors. He will also serve as the Chairman of the Audit Committee and qualifies as the “audit
Rebel Sports Sees Record Profits on 7% Comp-Store Increase
Rebel Sport Limited, Australia's largest sporting goods retailer, reported consolidated net profit for the first fiscal half-year, which ended December 31, 2005, was A$12.9 million ($9.7 mm), a A$2.8 million ($2.1 mm) or 28.5% increase on the A$10.1
Escalade Posts Net Profit on Sales Slump
Escalade, Inc.'s fourth quarter net income grew to $3.1 million, a 226% increase as compared to the year ago quarter. Fourth quarter net sales of $44.7 million were described as “disappointing and below expectations.” Full year net sales of $185.6 mi
Dynacraft and Wal-Mart Acquitted of Charges Civil Suit
A 12-member civil jury has rejected claims that San Rafael, Calif.-based Dynacraft BSC Inc. and Bentonville, Ark.-based Wal-Mart Stores Inc. knowingly sold bicycles with defective front-wheel quick-release mechanisms. The jury's verdict followed a ci
Callaway Renews Olin Brown Contract
Callaway Golf Company has re-signed PGA Tour player Olin Browne to a multi-year contract. Browne, who in 1992 was the first PGA Tour player to sign on as Callaway Golf Staff Professional, will endorse Callaway Golf woods, irons and golf balls, carry a Cal
LaCrosse Looks to Move to Portland
LaCrosse Footwear, Inc. signed an agreement with the Portland Development Commission (PDC) for a loan and grant package worth $750,000 to assist in bringing the company's corporate headquarters and the Danner distribution center to the City of Portla
EU Places High Duties on Footwear from Vietnam and China
According to the Federation of the European Sporting Goods Industry and other press reports, the European Commission has concluded its preliminary investigation into the alleged dumping of Chinese and Vietnamese leather footwear on the European market and
adibok Integration Moves Along Quickly…
adidas Group Chairman and CEO Herbert Hainer played it safe during a recent presentation at WSA as he reviewed progress in the integration of the recently-acquired Reebok business into the adidas structure. As Sports Executive Weekly reported last
