SGB Update Outdoor
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
Mueller Continues Its Patent Infringement Fight…
Mueller Sports Medicine has won a patent infringement lawsuit against Houston-based SportStar Athletics, defending their No Glare Strips in a federal court in Madison, Wisc. The jury found SportStar’s infringing actions to be willful, thus entitling Muell
Pair Nabbed in Swoosh Heist…
Two men from Kansas City, Kan. have been indicted by a grand jury in a case involving a truckload of 5,500 Nike athletic shoes that were stolen on Feb. 25, 2003. Darrell Lawson, 49, and James Peoples, 42, are charged with conspiring together to possess st
LaCrosse Footwear Moves into New Portland Digs…
LaCrosse Footwear, Inc. announced that it has signed a long-term operating lease for a new 145,000 square foot building in Portland, which will house its corporate headquarters and the distribution center for its Danner products. Construction is scheduled
The Sportsman’s Guide Will Again Beat Guidance…
For the fourth quarter in a row, The Sportsman's Guide, Inc. has raised its guidance from previous estimates. Net sales for the quarter ended September 30 are now expected to be in the range of $61 million to $62 million, compared with net sales of
Russell Corp. Stands Behind Chairman in Extended Deal…
Russell Corporation has extended the employment contract of chairman and CEO Jack Ward through at least March 2009. Mr. Ward will receive an annual base salary of $850,000, subject to annual review and potential increase, and also will be eligible to rec
Orange 21 Lowers Guidance; Acquires Manufacturer…
Orange 21 will purchase its Italian manufacturer, LEM S.r.l., subject to certain closing requirements. The purchase, several lawsuits, and a reduction in second half sales, have caused the company to restate guidance to the lower end of its previous estim
Timberland CIO, Brigham, Departs
The Timberland Co. confirmed that its CIO, Steve Brigham, will be leaving the company. His departure will be effective on October 31, 2005. Brigham succeeded Yusef Akyuz, who left Timberland in November 2000 to become CIO at The Stride Rite Corp. in Lexi
