SGB Update Outdoor
Brown Shoe Appoints SVP-Corporate Real Estate
Brown Shoe Company, Inc. announced the appointment of David G. Krueger to SVP-corporate real estate. In his new role, Krueger will grow and manage Brown Shoe’s real estate portfolio of more than 1,300 retail locations throughout the United States, Canada,
Gramicci Has Back Office and Sales Team Reorganized
Sole Assets Holdings, LLC, a Buxbaum Group affiliate that currently owns the Gramicci brand, has restructured Gramicci’s back office and all of its operations under the guidance of Arnold Rubenstein, the company's operations manager. Notably, Rubenst
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
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
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
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 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 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
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..
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
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
Report: African American Households Spend More on Sports Equipment but Go Out Less
African-American households are cutting back their spending in many categories, including food, clothing and basic household items, while investing more in home repair, home entertainment and consumer electronics. Among the products and services that show
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,
