SGB Update Outdoor
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
SIA Presents Retailer of the Year Awards
The SIA.06 Show got a jump start on Day 2 with the announcement of the SIA Retailer of the Year awards. Just before the doors opened to Day 2 of SIA.06, Diane Boyer-Irwin, SIA Chairwoman and Dick Leffler, Past Chairman presented the award for “2006 Retail
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.
Lacrosse Industry Gives Gravante Muhlfelder Award
During the 2006 US Lacrosse Convention opening ceremonies, the Lacrosse Industry Council presented the inaugural James Leo Muhlfelder award to Tom Gravante, head coach at Mount St. Mary's. Named after the former President of deBeer Lacrosse and the f
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
Nike Inc. CEO Resigns; Parker Gets Nod as Chief Exec
The Board of Directors of NIKE, Inc. have appointed Nike brand co-President Mark Parker as the company's new President and Chief Executive Officer following the resignation of William D. Perez. Parker also succeeds Perez on the company's Board
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…
Fischer Inks New Deal with Rottefella
Rottefella, the Norwegian ski bindings manufacturer, inked a new contract with Fischer, and in the process secured a leading worldwide market position in the cross country and back country segment. Prior to the contract with Fischer, Rottefella represente
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
