SGB Update Outdoor
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
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
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
Mountain Khakis Announces Sales Team
Mountain Khakis has launched their North American sales team. The company stated that the team is made up of 14 enthusiastic industry leaders dedicated to meeting the needs of mountain lifestyle enthusiasts from coast to coast…
Quiksilver Sees 34% Revenue Increase; Income Jumps 55%
Quiksilver's net revenues for the first quarter of fiscal 2005 increased 34% to $342.9 million as compared to fiscal 2004 first quarter consolidated revenues of $256.1 million. Consolidated net income increased 55% to $14.2 million as compared to $9.
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
Famous Footwear the Lone Bright Spot for Brown Shoe in Q4
Brown Shoe Company, Inc. reported that net sales for the fourth quarter ended January 29 rose 9.8% to $476.5 million from $433.8 million in the year-ago quarter.
Net earnings were $8.5 million, or 46 cents per diluted share, versus $4.7 million, or 25 cen
Dorel Sees Q4 Boost From Pacific Cycle and Schwinn’s Sting Ray
Dorel revenues for the fourth quarter rose to $462 million, up 42.7% from $323.7 million a year ago. Net income for the fourth quarter jumped 69.6% to $34.7 million from $20.5 million. Income per share for the final quarter was $1.05 fully diluted, compar
Everlast Q4 Revenues Climb 20%; Net Loss Remains Constant
Everlast fourth quarter net revenues increased 20.3% to $14.8 million as compared to net revenues of $12.3 million in 2003. The increase was derived from strong men's apparel sales of $4.5 million which achieved a 200% increase over the 2003 period,
Larry Harper Named Nike’s African-American Person of the Year
Larry Harper, General Manager for Nike's U.S. Central Region, joined a group of his peers at Nike's headquarters last week to celebrate the close of a series of employee-led events celebrating Black History Month. Toward the end of the two-hou
Gander Mountain Latest Retailer to Restate Earnings Due ot SEC Ruling
Gander Mountain Company on Wednesday stated that, as a result of a clarification issued by the SEC on February 7th affecting many retail companies, it will restate previously issued financial statements to adjust its method of accounting for leases. The c
Sears/Kmart Merger Gets Thumbs Up from ISS
Institutional Shareholder Services (ISS), the nation's leading independent proxy advisory firm, has recommended that Sears, Roebuck and Co. shareholders vote for Sears, Roebuck's proposed merger with Kmart Holding Corporation at the company'
Reebok Signs Deal with Canadian Hockey Phenom
Reebok International has signed a multi-year agreement with Sidney Crosby, the consensus top pick in the next National Hockey League draft, and widely anticipated to be the best player to enter the professional ranks in twenty years. Already immensely pop
