SGB Update Outdoor
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
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
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
adidas Strikes Deal with Liverpool FC
In another move last week, adidas went public with its sponsorship deal that sees the brand become the official sportswear to Liverpool Football Club, commencing this July. adidas had the Liverpool deal from 1985 through 1996 before losing out to Reebok
Coleman Posts Q4 Loss; Continues with New Strategy…
Jarden Corporation more than quadrupled their top line thanks to several acquisitions over the past year, including its new Outdoor Solutions segment, which is comprised almost entirely of Coleman and its sub-brands.
Coleman contributed roughly $125 mill
Russell Corp Spends the Last of Acquisition Gains in Fourth Quarter; It’s All Organic Now….
Russell Corporation looked to the inclusion of the Brooks Sports business in the fourth quarter to provide all of the top-line gains for the period and also looked to tax benefits related to the shift of more business to lower tax countries for a nice boo
Gift Cards Boost January Retail…
The holiday season extended into January for many retailers, as consumers flooded the stores with gift cards in-hand ready to take advantage of clearance sales.
According to retail sales results released by the U.S. Commerce Department, retail industry s
Baden Sports Sues Molten Over Alleged Patent Infringement…
Baden Sports, Inc. has filed a complaint in U.S. District Court in Seattle, WA for patent infringement against Molten USA accusing Molten of making and selling “dual cushion” basketballs that duplicate a patented design developed by Baden in the mid-90’s.
New Partners and Old Help GSI Commerce in Q4…
During the second half of 2005, GSI Commerce explored an acquisition, which it decided not to pursue after completing a due diligence effort in December. The decision resulted in a cost of approximately $1.5 million, which added to a provision for income
