SGB Update Outdoor
The State of the Industry 2006: Innovation Again Rules Supreme…
The Sporting Goods Manufacturers Association released their annual State of the Industry report at this week’s Super Show in Orlando, citing strength in the fashion end of the athletic footwear and apparel business and a stronger economy for the estimated
Russell Corp. Sees Big Savings in Latest Restructuring…
Russell Corporation saw RML shares jump more than 8% on Friday after a late report Thursday that it would cut approximately 2,300 jobs worldwide and shift more production off-shore on the way to saving $35 million to $40 million annually on a pre-tax basi
Crocs Sets IPO Target Price…
Crocs, Inc. filed an amended S-1 last week setting a price range for its IPO that would see its market capitalization soar to nearly $530 million at the mid-point of the $13 to $15 target price range. Crocs, which filed for the Initial Public Offering in
Sport-Haley Sees Final Settlement in SEC Civil Action…
Sport-Haley, Inc announced that the U.S. District Court in Colorado has entered a Final Judgment, pursuant to a settlement reached with the Securities and Exchange Commission to resolve the pending claims in the civil action brought by the SEC against Spo
U.S. Doles Out Military Deals to Industry Companies…
Congress' fiscal year 2006 Department of Defense Appropriations Act has passed and includes substantial funding for three leading outdoor industry companies. InSport International, Inc., Malden Mills and Outdoor Research will design and manufacturer
Fitness Companies Get a Work-Out…
In back-to-back-to-back announcements, three of the industry’s leading fitness companies reported difficulties and setbacks that impacted earnings for the final months of 2005. Icon Health & Fitness, Cybex, and Nautilus all reported problems stemming from
Judge Dismisses “Sneakergate” Case…
A federal judge in Indianapolis has dismissed a lawsuit brought by Finish Line, Inc. that accused their chief rival, Foot Locker Inc. of stealing their employees. The judge ruled that FINL employees were not bound by any restrictive covenants keeping the
TOTAL RECALL
Syntace USA is recalling about 2,300 F99 (Force 99) Bicycle Handlebar Stems. The recalled bicycle stems can crack or break under normal conditions, causing the rider to fall and suffer serious injury.
Mizuno USA is recalling about 12,800 Mizuno “Gamer”
LaSportiva Italy Merges with U.S. Distributor…
La Sportiva's North American distribution operations have become part of La Sportiva Italy’s unified global distribution consortium. La Sportiva S.p.A. – the Italian parent company and manufacturer of the LaSportiva brand – and La Sportiva N.A., Inc.
Cloudveil Closes Denver Office; Expands Jackson
Cloudveil Mountain Works is closing its Denver office, which houses sales operations and customer service, and moving these functions to Jackson Hole Wyoming, where the current company headquarters is located. As a result of this relocation, the company i
Redfeather Snowshoes Acquired
ORC Industries has purchased Redfeather
Snowshoes as its first acquisition in the outdoor
recreation market. Financial terms of the
deal were not disclosed…
Unifi Q2 Sales Fall 7.7%; Loss Narrows…
Unifi, Inc. posted a net loss for the second
quarter, including discontinued operations, of
$3.8 million or 7 cents per share compared to
a net loss of $7.7 million or 15 cents per share
for the same period last year. Net sales from
continuing operations
TOTAL RECALL
After a series of posts on Rockclimbing.com
reminiscent of the Kryptonite-Bic fiasco, Colorado
Custom Hardware completed an investigation
and extensive testing of the company’s
sole product, the Alien….
CamelBak Gets a New CEO…
CamelBak Products has filled the corner office again, tapping J. Marty O’Donohue as CEO, O’Donohue, who is replacing Glenn Gross, after announced his retirement in 2005, holds both an undergraduate history/economics
degree and MBA from Stanford University
Amstel Light Inks Deal with Stanwood and Partners
Amstel Light has hired Stanwood & Partners Public Relations, of Jackson Hole, Wyo., to promote the brand’s ski industry sponsorships and programs. “Beer and skiing are two of the fundamental principles of Stanwood & Partners,” said Carson Stanwood…
