SGB Update Outdoor
Lotto Sport Italia Inks First Division Soccer Sponsorship
Lotto Sport Italia and Udinese Calcio, Friuli’s first division football team have inked an official sponsorship agreement. As a result of this new synergy, Lotto will be the Club’s new “Technical Sponsor and Official Supplier” and “Official Sponsor” until
Cutter and Buck Fiscal Q4 Net Income Halved on 9% Sales Decline
Cutter & Buck reported that net income for the fiscal fourth quarter ended April 30 was $2.8 million, or 25 cents per share, on sales of $34.9 million. Those results reflect a 50% decline in net income and a 9% decrease in net sales. Sales were down in C
Zappos.com Receives an Additional $15 million Investment
Zappos.com received an additional $15 million round of equity funding from Sequoia Capital. The funds will be used to support the company's rapid sales growth and to improve the customer experience. Zappos.com is expecting to surpass $300 million in
Specialized Forms Spanish Subsidiary
The Spanish bicycle and parts distributor, Dirt Racing, entered into a partnership with Specialized Bicycles to establish a new Specialized subsidiary, Specialized España S.L. The new company will be headquartered in Madrid and led by partner and Managing
Doug Martin launches Blue Room Sports
Doug Martin has formed Blue Room Sports, Inc., a marketing and communications company serving the cycling and sports’ industries. For Martin, who has held executive marketing and sports marketing management positions within the cycling industry for over
Zumiez June Comps Climb 10.7%
Zumiez total net sales for the five-week period ended July 2, 2005 increased 29.4% to $15.3 million, compared to $11.8 million for the five-week period ended July 3, 2004. The company's comparable store sales increased 10.7% for the past month, versu
West MArine Q2 Comps Fall 3.5% on Weakness in the North and West
West Marine net sales for the second quarter were $253.5 million, an increase of 0.4% from net sales of $252.6 million a year ago. Comparable store sales for the second quarter of 2005 decreased 3.5%, compared to a comparable store sales increase of 4.6%
Volcom Closes IPO; Raises $89 Million
Volcom announced the close of its initial public offering of 4,687,500 shares of common stock at a price of $19.00 per share and the simultaneous close of the underwriters' over-allotment option to purchase an additional 703,125 shares of common stoc
JJB Sports Reports 9.4% YTD Comp Sales Decline
JJB Sports reported that total Group revenues, including health clubs, for the 22 weeks ended 3 July 2005 were down 8.9% from the comparative period last year and included a 9.4% decline in comparable store sales. JJB said the results were affected by th
G.I. Joes Partners with SelfService to Launch New On-Line Guide Portal
G.I. Joe’s has joined with SelfService Systems, Inc. in a partnership that will expand the use of the successful Team G.I. Joe’s certified fishing and hunting guide program through AdventuresExpress.com, a new online outdoor travel and gear sales portal..
Retek Parent Oracle to Acquire ProfitLogic
Oracle Corporation and ProfitLogic, Inc. have announced a definitive agreement for Oracle to acquire ProfitLogic, a privately held provider of Retail Profit Optimization solutions. ProfitLogic's software analyzes customer demand patterns to help reta
Huffy May Become Private, Chinese-Owned Company…
After nine months under Chapter 11 bankruptcy protection, Huffy Corp. last week provided some guidance on its plans for reorganization. HUF filed papers with the SEC pertaining to an “agreement in principle” between Huffy and a group of creditors includ
Nike Inc. Lays Out Opportunity for Global Multi-Brand Strategy…
After a rather tepid presentation of some arguably outstanding results on their earnings conference call on Monday (SEW_0526), Nike management on Tuesday took some of their biggest investors and some influential analysts through their detailed plans for t
Stride Rite Chalks Up Q2 Keds Decline to Repositioning; Hilfiger Continues Decline…
The Stride Rite Corporation got little help on the top line from most of its core brands for the fiscal second quarter ended June 3. But improving margins at Keds helped push total GM higher, nearly offsetting the increase in operating expenses for the pe
Recall: Nautilus Excercise Benches
Nautilus Inc., in cooperation with the U.S. Consumer Product Safety Commission has issued a voluntary repair recall of about 10,000 Nautilus NT 1020 Exercise Benches. The company is requesting that consumers stop using the exercise benches immediately an
