SGB Update Outdoor
REI Hits $1 Billion in Sales for 2005; Comps Increase 9.6%…
Recreational Equipment, Inc. pointed to favorable weather throughout much of the country and a 10% increase in co-op active membership for an annual sales increase of 15% to $1.02 billion in 2005 from $887 million in the previous year. This is the first t
UVEX Names New England Sales Rep
UVEX Sports, Inc. has hired Kirsten Andreae as sales representative for UVEX Sports and Holmenkol USA race products in New England. Kirsten was most recently vice president of sales and marketing for Neofin, Inc. in Laguna, CA, and was events and promotio
Shoe Pavilion Posts 5.5% Q4 Comps Gain
Shoe Pavilion, Inc. reported comparable store net sales increased 5.5% for the fourth quarter with net sales increasing 18.9% to$29.5 million from $24.8 million during the same quarter last year. Net income was $1.3 million, or 17 cents per diluted share,
Wal-Mart Names Coleman Sporting Goods Supplier of the Year
Wal-Mart Stores, Inc., has named The Coleman Company, Inc. as its choice for the 2005 sporting goods supplier of the year. Wal-Mart, operating more than 3,800 facilities in the U.S., annually names its top performers by category, sporting goods being one
Cabela’s Has Strong Q4 with Double-Digit Sales and Income Gains
Cabela's Incorporated reported total revenue for the fourth fiscal quarter of 2005 increased 16.6% to $675.4 million compared to $579.1 million for the fourth fiscal quarter of 2004. Net income for the fourth fiscal quarter of 2005 increased 10.5% to
Earth Products Makes Promotions in Sales Force
Earth Products today made several promotions in the sales force for the Planet Earth and Adio Footwear brands. For Planet Earth, Chad Crites has been promoted to the Planet Earth Sales Manager, which will positively impact the brand’s specialty retailers
Head Posts Nice Q4 Profit Gain Despite Weaker Winter Sports Business
Head N.V. reported that net revenues for the fiscal fourth quarter were down 10.7% to $154.4 million, while the operating profit before restructuring costs increased 5.9% to a profit of $12.5 million. Net income increased to $5.1 million, compared to jus
FESI Remains Concerned Over Anti Dumping Measures
The Federation of the European Sporting Goods Industry remains deeply concerned at the impact of proposed antidumping measures on Chinese and Vietnamese leather footwear, although it welcomes the proposal to exclude special technology athletic footwear (S
Weiss to Head Marketing of K2 Europe
K2 Sports Europe appointed long-time K2 employee Andreas Weiss as the new Marketing Manager for Brand Marketing K2 Sports Europe. In cooperation with the respective Marketing Coordinators of K2 Skis, K2 Snowboards, K2 Inline Skates, Madshus, Ride Snowboar
Accounting Error Causes Sport-Haley to Restate Earnings
Sport-Haley, Inc. announced that the Audit Committee of the Company's Board of Directors, along with senior management, determined that the statements of operations and cash flows for the quarter ended September 30, 2005, contained an error, which wh
Sport Haley Fiscal Q2 Swings to Profit on 11% Sales Decline
Sport-Haley, Inc. net sales for the fiscal second quarter ended December 31, 2005 were $4.4 million, a decrease of $571,000 or 11%, from net sales of $5.0 million for the same quarter in the prior fiscal year. Net income for the quarter ended December 31,
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
