SGB Update Outdoor
Orange 21 Sees Some Legal Action…
Orange 21 has received a cease-and-desist letter from Oakley with respect to patent and trademark issues involving three of its product styles. These three product styles accounted, in the aggregate, for less than 4% of Orange 21's sales for the 2004
Thule Shows Solid Q4…
Thule finished off a strong fourth quarter, the first under new owner, Candover Partners (see BOSS_0444). Sales for the quarter increased 44% to SEK 615 million ($88.5 million) compared to SEK 427 million ($56.4 million) last year. Profitability improved
Rocky Consolidating After Acquisition…
Rocky Shoes & Boots plans to consolidate operations following the recent acquisition of EJ Footwear, including the relocation of the Lehigh division headquarters in Vestal, N.Y. The company plans to relocate key management to Rocky's headquarters in
Twin Tips Drive Specialty; Snowboard shows Continued Softness…
According to the SIA Retail Audit, sales for the entire winter sports market were up 2.8% in dollars to $1.76 billion for the August 2004 through January 2005 period, compared to $1.71 billion reported for the same period last year. Unit sales were down 7
Altama Deal Weighs Down Phoenix…
Phoenix Footwear’s acquisition of Altama is not paying-off like the company expected when the deal closed in July of last year. Many of the military contracts held by Altama at the time of the acquisition have suffered from delayed procurements and the di
Outdoor Retail Looks to Web for Solid 2004…
The retail environment seems to be quite healthy for many of the major outdoor specialty chains, although the competitive environment is heating up at the same time. Brick and mortar retailers who are successfully integrating the Internet and catalogs in
Gander Mountain Looks to Marine for Help…
Gander Mountain’s Q4 was hurt by the abnormally warm weather experienced by much of the country, some unforeseen cannibalization, and an inability to forecast accurate growth rates among its rapidly growing base of large-format retail stores. These three
Dick’s Sees Income Increase 12.1% To $39.9 Million…
Dick’s Sporting Goods reported that net income for the fourth quarter ended January 29 increased 12.1% to $39.9 million, or 75 cents per share, compared to pro forma net income of $35.6 million, or 69 cents per diluted share, for the year-ago period. Pro
Angel Martinez Will Be Deckers’ New CEO
Angel Martinez will join Deckers Outdoor Corporation as the company's Chief Executive Officer and President effective April 11, 2005. He succeeds Douglas Otto, who will continue as Chairman of the Board of Directors and as an executive officer, focus
Brown Shoe to Acquire Bennett Footwear
Brown Shoe Company has entered into a definitive agreement to acquire Boston-based Bennett Footwear Group for $205 million in cash. Bennett's owned and licensed footwear brands, which include Via Spiga, Franco Sarto, Etienne Aigner and Nickels Soft,
Gander Mountain Sales Increase 30.3%; Comps Fall 5.4%
Gander Mountain fourth quarter sales increased 30.3% to $237.2 million, an increase of $55.2 million over the fourth quarter of fiscal 2003. Comparable store sales declined 5.4% after an increase of 12.2% in the fourth quarter of 2003 and 12.0% in the fou
Shoe Carnival Changes Start to Bear Fruit; Q4 Net Up Ten Fold
Shoe Carnival, Inc. reported that net earnings for the fiscal fourth quarter ended January 29 increased to $1.2 million, or 9 cents per diluted share, from net earnings of $111,000, or a penny a share, in Q4 last year. Net sales for the quarter increased
Outlast to Enter Indian Market
Outlast Technologies has appointed Mr. Raj Pillai as the Managing Director of the soon to be formed “Outlast Technologies, India”. Mr. Pillai has been overseeing the entry of Outlast Technologies, Inc., a global technology company, into the Indian sub-con
Prime Rate Investors to Acquire Skiershop Mountain Sports
Prime Rate Investors, Inc. signed a letter of intent to acquire Skiershop Mountain Sports, the Stowe, Vermont based retailer of skis, bikes, and outdoor gear and apparel. Its e-tail platform www.skiershop.com is featured as “Best of the Web” on Forbes.com
Vail Swings Back to Profits in Fiscal Q2
Vail Resorts' “Resort revenue,” the combination of mountain and lodging revenues, rose $17.4 million, or 7.3%, from $239.4 million to $256.8 million. Resort expense increased 5.2% from $164.9 million to $173.4 million, up $8.5 million. Total revenue
