SGB Update Outdoor
K2 Third Quarter Earnings Climb 26.5% on 2.1% Sales Increase
K2 Inc. net sales for the third quarter ended September 30, 2005 were $340.4 million versus $333.5 million in the prior year. GAAP diluted earnings per share were 32 cents in the third quarter of 2005 as compared to 26 cents for the third quarter of 2004.
Two Men Indicted for Theft of 5,000 Nike Shoes
Two men from Kansas City, Kansas have been indicted by a grand jury in a case involving a truckload of 5,000 stolen Nike athletic shoes. Darrell Lawson, 49, and James Peoples, 42, are charged with one count of conspiring together to possess stolen goods t
Everlast Expands License in Sports Medicine Products
Everlast Worldwide has expanded its relationship with M&M Fitness Equipment, Inc. by signing a licensing agreement for the launch of Everlast-branded neoprene and elasticized joint braces and wraps for sports and exercise use as well as for use in recover
Intrawest Makes Several Personnel Moves
Intrawest Corporation announced that Gary Raymond will resign from his position as head of Intrawest Placemaking and will be replaced by Drew Stotesbury, chief financial officer of Intrawest Placemaking, on an interim basis. Intrawest also announced that
Mueller Sports Wins Patent Infringement Suit
Mueller Sports Medicine has won a patent infringement lawsuit defending the company’s No Glare Strips. A federal court jury in Madison, Wisconsin recently ruled for Mueller against Houston-based SportStar Athletics, also finding SportStar’s actions to be
adidas Management Lays Out Key Priorities at its Annual Investor Conference…
There were a few hints about how adidas-Salomon will start to function as it sheds the Salomon business and moves forward with the acquisition of Reebok. The company will start to look a lot more like its primary competitor in Beaverton, with both sporti
TJX Takes Steps to Fix Business; Will Reposition Bob’s Stores as Original Casual Superstore…
Ben Cammarata, chairman and acting CEO of TJX Companies, last week laid out his vision for what needs to happen to turn business around for the off-price retailer. The changes include an exit from its e-commerce business and some repositioning of its sma
British Retail Weakness Takes its Toll on JJB Sports…
JJB Sports, one of the U.K.’s largest sports retailers, announced its interim results for the 26 weeks to July 31, 2005. Revenue dropped 6.2% to £340.4 million ($637.6 mm) while operating profit fell 35.8% to £17.6 million ($33.0 mm). Same store sales wer
Huffy Corp. Emerges from Chapter 11…
Huffy Corporation has emerged from the Chapter 11 reorganization process after almost 11 months under the court’s protection. The company officially concluded the reorganization process after completing all required actions and satisfying all remaining co
Huffy Corp. Emerges from Chapter 11…
Huffy Corporation has emerged from the Chapter 11 reorganization process after almost 11 months under the court’s protection. The company officially concluded the reorganization process after completing all required actions and satisfying all remaining co
NRF Applauds Rejection of Proposal for Nat’l Retail Sales Tax…
The National Retail Federation welcomed the decision by the President's Advisory Panel on Federal Tax Reform to reject proposals to replace the federal income tax system with a National Retail Sales Tax. Chairman Connie Mack said that panel members h
Goody’s For Sale and the Price Keeps Climbing…
Last week, SEW reported that Goody's Family Clothing, Inc. had received an offer from an affiliate of Sun Capital Partners IV, LP to acquire the retailer for a cash price of $8.00 per share. This week, Goody's received a competing offer
Rebel Sports Ltd. Sees Gains Down Under…
Rebel Sports Limited group sales revenue for the first quarter ended October 1 increased 7.3% to AU$77.8 million ($59.1 mm) when compared to the same quarter last year, including sales revenue from the Glue lifestyle stores. Sales on a same-store basis
Crocs Growth Accelerates in Second Quarter, But Will IPO Fly?…
Crocs updated their S-1 filing for an IPO to reflect the company’s sales and earnings for the first-half of fiscal 2005. Previously, the company had only shared the first quarter of the year, but it appears the Crocs products are selling-in at a very rapi
Seemed Like a Good Idea at the Time: K2 Warns on Continued Paintball Pain…
K2 Inc. cut their earnings guidance last week due to considerable weakness in the paintball market. The company has been seeing weakness in this segment for most of the year, but was anticipating a turn-around in the back half. The company now expects di
