SGB Update Outdoor
Broder Bros. Sees Exit of Top Executives
Broder Bros., Co. on Tuesday announced the resignations of Vince Tyra, Chief Executive Officer, and Mark Barrocas, President. The Company also announced that Thomas Myers, Director, has been appointed Interim CEO effective immediately. The Company has com
Gander Mountain Warns on 2005 Results; Q3 Comps to Fall
Gander Mountain Company is reporting that it no longer expects to meet its previously disclosed guidance for revenue of at least $850 million, flat comparable store sales and pretax income of at least $16 million for the fiscal year 2005. The uncertainty
Delta Cycle Recalls Two-Bike Folding Racks
Delta Cycle Corp., in cooperation with The U.S. Consumer Product Safety Commission, has announced a voluntary recall of about 3,500 Picasso Two-Bike Folding Racks. Based on the recall, the bike rack does not have sufficient hardware to support its weight
POC Named Official Supplier of U.S. Ski Team
POC, a Swedish company producing protection for alpine skiers, was named Official Supplier to the U.S. Ski Team for the coming World Cup and Olympic season. The agreement between POC and the United States Ski & Snowboard Association (USSA) gives POC the r
Orange 21 Revises Guidance on Slow Second Half Sales
Orange 21 expects revenues for 2005 in the range of $41.5 million – $42.5 million, the lower end of initial guidance and fully diluted earnings per share in the range of 5 cents to 9 cents. For the third quarter of 2005, Orange 21 forecasts revenue in the
Orange 21 Acquires Italian Manufacturing Facility
Orange 21 will purchase its Italian manufacturer, LEM S.r.l., subject to certain closing requirements. The transaction is expected to close in December 2005, at which time it is anticipated that LEM will become a wholly owned subsidiary of Orange 21 Inc..
Reebok Third Quarter Revenues Head South; Net Gets Boost from RLFW Sale
Reebok International Ltd. reported net income for the third quarter ended September 30 of $117.7 million, or $1.87 per diluted share, an earnings per share increase of 39.6% when compared to net income of $81.8 million, or $1.34 per diluted share, for the
Wolverine Appoints Krueger as COO
Wolverine World Wide announced the naming of Blake W. Krueger as president and COO. Mr. Krueger has served as an executive vice president and officer of the company for 10 years with responsibilities for the human resources, retail, business development,
Paddlesports Retailers Show Optimism in Pre-Season…
After coming off of a strong season last year, paddlesports retailers seem to be stocking up for another year of heavy activity, which should translate into some healthy organic growth for the industry as a whole. Preliminary reports from most vendors are
K2 Inc. Still Hitting on Most Cylinders as Company Focuses on the Fundamentals…
While KTO shares took a hit two weeks ago after the company issued a reduced outlook, the company rebounded a bit last week as fundamentals behind the company remain solid with expanding gross margins, flat SG&A expenses, and increases in the bottom line.
Confluence Ramps up Production…
Confluence plans to significantly increase its workforce over the next four months by adding manufacturing and middle management positions. The company plans on adding between 200 and 400 employees at its Easley, S.C. facility over the next four months, p
Amer Closes Salomon Deal…
Amer Sports completed its acquisition of the Salomon business late last week. The transaction value is expected to be approximately €485 million ($593 mm) based on year-end 2004 figures. According to the European Commission on competition, Salomon was re
Rocky Making Boots for Uncle Sam; Upgrades Outlook…
Rocky Shoes & Boots received a contract from the U.S. Military to produce “Hot Weather” boots for approximately $30 million. Shipment of the boots should start during Q4 with an estimated completion date of December 2006.
The company also reported that i
Reebok Takes a Q3 Hit on Shift from Classics……
Reebok International Ltd. continues to find ways to post positive numbers on a quarterly basis. In the second quarter, the company capitalized on a combination of one-time charges in the prior-year period and the acquisition of The Hockey Company to gene
ICON Sees Better Metrics in Usual Ways; Still Can’t Turn Profit…
ICON Health & Fitness posted stronger top-line results for the company’s fiscal first quarter ended September 3, but an income tax benefit in the year-ago period offset an otherwise positive development in the loss for the period. The loss before taxes a
