SGB Update Outdoor
Just Two Bikes Has Two New Owners…
Just Two Bikes in Hugo, Minn. was acquired by the company’s sales and marketing manager, Jim Dugelman, and Dale Hedstrand, president of Focal Point Financial Services. They have acquired the firm for an undisclosed sum from Jim Muellner, who founded JTB i
Gildan Raises Guidance on Higher ASP, Lower Costs…
Gildan Activewear raised third quarter and fiscal year earnings guidance and the company now expects diluted EPS for the third quarter to be at least 10% above its most recent guidance of approximately 50 cents per share. Gildan has already raised its gui
Rebel Sports Fiscal Year Comps Inch Up 0.8%…
Rebel Sport Limited, the largest sporting goods and outdoor equipment retailer in Australia, reported annual sales increased 3.8% to A$316.9 million ($238.9 mm). This increase came in spite of a missing week in fiscal calendar year 2005. Comparing year-on
The Stingray’s Waning, What’s Next for Schwinn?
Dorel Industries’ Home Furnishings and Recreational/ Leisure segments, the latter of which is made up entirely by Pacific Cycle, will negatively impact earnings in the second half of the year. The Canadian company’s second quarter results will be announce
Russell Corp. Warns on Q2 on Struggle with Operational Costs, Lower Sales…
Despite a sporting goods retail market and consumer base that is now widely accepting performance fabrics as a core item, or perhaps because of it, Russell Corp continues to struggle with the Sporting Goods business in the U.S. RML reported last week that
ORSM Will See Action in Backpacks Again…
The backpack market is receiving more attention from vendors, designers, and marketing teams this year than it has since the words “light and fast” were first uttered in the OR Show hall. With new product offerings coming from many, new technology coming
Quiksilver Sponsors AVP Youth Initiative
AVP Pro Beach Volleyball Tour, Inc. announced a sponsorship agreement with Quiksilver, Inc. making Quiksilver the official sponsor of the first-ever AVP Youth Initiative. The AVP Youth Initiative is a program designed to encourage and promote the sport of
Stanwood Resigns from VNU Trade Shows
Stanwood & Partners PR has resigned PR representation of the Outdoor Retailer, Action Sports Retailer, Interbike and Health & Fitness trade shows. Two weeks ago, Stanwood & Partners was retained by Snowsports Industries America (SIA), to represent the SIA
Elmes Tapped by Vicious Cycles for Branding and Marketing
Steven Elmes, founder of SJE Productions and former front man for Independent Fabrication, has been retained to oversee the branding and marketing of Vicious Cycles…
Chico’s Takes lucy Board Seat After Investment
lucy activewear, inc. has closed a $20.3 million round of financing, with retailer Chico's FAS, Inc. joining existing investors Lone Pine Capital, Maveron LLC, Oak Investment Partners and Sutter Hill Ventures in the series G financing. Chico's p
Deep Distribution Parts With WESC
Deep Distribution no longer represents Swedish clothing brand, WESC in the United States. Deep Distribution will shift its energy and focus to its core business of growing Nikita Clothing in the US market. WESC will open a New York retail location and han
Payless Completes Senior Management Changes; Rubel Takes Reins
Payless ShoeSource, Inc. has completed its previously announced senior management succession. Matthew E. Rubel has been elected Chief Executive Officer and President of the company, effective immediately. Mr. Rubel was also elected to the company's B
Golf Galaxy Sets Price Range for IPO
Golf Galaxy Inc. is set to be the first golf specialty retailer to hit the public market after last week setting the price range for its initial public offering between $11 and $13 per share. The retailer, which is expected to debut on the NASDAQ exchang
Reebok Completes Ralph Lauren Footwear Sale
Polo Ralph Lauren Corporation has completed the acquisition of Ralph Lauren Footwear Co., Inc., its global licensee for footwear for men, women and children, from Reebok Internaional, LTD. The purchase is a cash transaction of approximately $110 million..
Globe Slashes Full Year Profit Guidance
Globe International advised that based on preliminary unaudited group management accounts, pre-amortisation net profit after tax for the financial year ended June 30, 2005 is expected to be in the range of A$5.0 million to A$5.5 million as compared to an
