SGB Update Outdoor
Wolverine Shifts Outdoor Management Structure to Support New Initiatives
Wolverine World Wide made organizational promotions in its Outdoor Group. The Outdoor Group consists of the Merrell, Sebago and Patagonia footwear businesses and is led by Jacques Lavertue, Group President. This group has achieved eight consecutive years
Northern Forest Canoe Trail Hosts Online Auction
To raise critical funds and promote their organizational mission, the Northern Forest Canoe Trail is hosting a first-of-a-kind online auction from Nov. 1 – Dec. 9, 2005. The NFCT auction will feature a unique collection of items including canoes, paddles,
Recall: Delta Cycle 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
RSN to Provide Coverage at SIA’06
SnowSports Industries America and RSN are teaming up to produce four on-location telecasts of RSN's gear program, “The Goods.” The show will preview and review the people, gear, events, and parties that will comprise SIA.06, taking place in Las Vegas
Garmin Q3 Revenues Increase 30%…
Garmin continues to post strong top line growth while ASP’s for GPS units slowly decline and Garmin sees their margins erode as competition increases. Revenue for the quarter increased 29.8% to $251.3 million from $193.6 last year. The consumer segment po
Snow Pants Get Quota Exemption…
Late last week, OIA and SIA were both notified that the Committee for the Implementation of Textile Agreements determined that certain imports of ski and snowboard pants from China do not contribute to the market disruption. CITA based this determination
Gramicci Back with New Owners, Management…
Following Chapter 7 bankruptcy proceedings involving its parent company, Gramicci has undergone a restructuring process that replaced the company’s sales force, outsourced the majority of its production, and restructured the majority of the company’s back
Brunswick Q3 Bowling Gains Offset Fitness Dip…
Brunswick Corp. saw net sales increase 13% to $1.43 billion for the third quarter, up from $1.27 billion a year earlier. Net income totaled $88.4 million, or 89 cents per diluted share, up 21% from $72.9 million, or 75 cents per diluted share, for the thi
Rocky Meets Lowered Outlook; EJ Boosts Sales, GM…
Rocky Shoes & Boots, Inc. got a nice boost in the third quarter from its January 2005 acquisition of EJ Footwear Group. Consolidated net sales for Q3 increased 88.0% to $94.1 million from $50.1 million in the year-ago period. Sale would have been up abo
K-Swiss Sees Potential for Low Profile Classics…
K-Swiss is apparently hoping to capture a little of the European magic and bring it back home to the mall next year. With Domestic sales dipping yet again in the third quarter, primarily due to weakness in the Classics LE business, the company is now tal
Six Elected to Sporting Goods Hall of Fame
The Sporting Goods Industry Hall of Fame Committee has elected six new Hall of Famers. Alan Cohen, The Finish Line, Inc.; the late Dave Koch, New Era Cap Co.; Don Pfau, Sports, Inc.; Joachim Schroeder, retired from Karstadt Sports (Germany); Jim Soffe, M
Deckers Offers Conservative Outlook for 2005 and 2006; Shares Take a Hit…
Deckers Outdoor Corp. was able to capitalize on its early ramp up of inventories of UGG product for the fall season, posting strong growth in earnings and sales for the third quarter, but a more conservative outlook for the fourth quarter, full year 2005
PUMA and FIFA in Settlement Over Cameroon Kit
FIFA and PUMA have reached an out-of-court settlement in their legal dispute over Cameroon's one-piece playing kit. FIFA had previously fined Cameroon for wearing the uniforms during the African Cup in 2004, ruling that all teams must wear a separate
Volcom Posts Strong Sales Gains; Tax Rate Cuts into Bottom Line Improvement…
Volcom posted another strong quarter, but an increased tax rate hurt otherwise strong gains on its bottom line. Sales were up across all segments and regions, with the exception of the Snow segment, which saw flat growth on the loss of the Galyan’s busin
Skechers Posts Another Strong Quarter, But Guidance Has Analysts Nervous…
Skechers posted its seventh consecutive quarter of net sales increases and its sixth quarter of net income gains with owned-retail comprising approximately 20% of total business, but gave guidance for the fourth quarter and full year that was below analys
