SGB Update Outdoor
Salter Group Buys Back Gen-X Close-Out Business
Huffy Corporation has sold its Gen-X 'opportunity' business to a group headed by its original founders, James Salter and Kenneth Finkelstein, and industry veteran Rick White for an undisclosed amount. HUF CEO Paul D’Aloia said that the sale of
Walden Ads Two New Reps
Walden Kayaks announced that it has hired two experienced sales representatives to the Walden Kayaks team, Don Otey and Ethan Ebersold. Otey will cover the Mid-Atlantic region, while Ebersold is the new western sales representative…
adidas’ McCool Receives Eight Month Sentence in JFF Fraud Case
The first sentence in the Just for Feet fraud case was handed down on Thursday, with adidas America’s Timothy R. McCool receiving an eight-month sentence and a $10,000 fine. He pleaded guilty in October to conspiracy to submit false statements to the aud
Johnson Family Extends Offer Period to Buy Company
Helen Johnson-Leipold, chairman and CEO of Johnson Outdoors, and Samuel C. Johnson, majority shareholder and director of Johnson Outdoors, are extending for an additional sixty days their February 20, 2004 non-binding proposal to acquire the outstanding p
NPD: Teens Are More Value Conscious
According to The NPD Group's latest report, Buying Habits of Teens and Tweens, teens are spending much of their money at value-based stores such as mass merchants, like Wal-Mart and Target, instead of trendy mall retailers. Teens are bargain hunters.
Footstar Gets GOB Sale Approval; Will Move Direct Biz to NJ
Footstar, Inc. announced Thursday that it is beginning inventory clearance sales at 88 Just For Feet stores and 75 of its 428 Footaction stores. Footstar has appointed Hilco Merchant Resources as liquidation agent. Footstar also now plans to close its t
Nike Fiscal Q3 Net Income Up 61% on 21% Revenue Gain
Nike, Inc. reported revenues for the third quarter ended February 29, 2004 increased 21% to $2.9 billion, versus $2.4 billion for the same period last year. Third quarter net income totaled $200.3 million, or $0.74 per diluted share, compared to $124.7 mi
REI to Open Huntington Beach Store
Recreational Equipment, Inc. (REI), a national retail cooperative providing quality outdoor gear and apparel, today announced plans to open a store in spring of 2005 in Huntington Beach, Calif. The 22,500 square-foot store will serve 45,000 active coopera
Canari Signs an ‘Mmmm Mmmm Good’ Licensing Deal
Canari Cycle Wear has announced a licensing agreement with Campbell’s Soup to design and manufacture cycling apparel based on the popular soup brand. Judging from preseason sales, the styles are attracting a great deal of interest and support from the cy
Mizuno Expands U.S. Team Role in Golf RandD Effort
Mizuno Corporation is making a new long-term strategic commitment to the U.S. market, including an increased for role the U.S. team in the design and development of Mizuno’s global golf product line. Harry Taylor has been promoted to VP, Golf Product De
NRF: Consumers Have More to Spend from Tax Returns This Year
Nearly two-thirds of American families will find themselves with a little extra money to spend this spring. The NRF 2004 Tax Returns Consumer Intentions and Actions Survey, conducted by BIGresearch for NRF, found that 67.6% of consumers (or 145.7 million
Lotto Posts 3.2% Sales Increase
In 2003 Lotto Sport Italia, despite the negative general market situation as regards consumption, obtained positive results with sales of €255 million ($312 mm), an amount that shows an increase of 3.2% with respect to 2002. Actually, as Lotto Sport Itali
BD Hires Two New Reps
Black Diamond Equipment Ltd. announced the hiring of Jack Tackle and Kim Miller as Climbing Hardware Sales Representatives for the Rocky Mountain Territory…
Cutter and Buck Can Almost Put the Red Ink Away
Cutter Buck announced Q3 sales were down 12.1% to $22.5 million from $25.6 million in the corresponding period last year. Third quarter net loss dropped 90.1% from $9.7 million last year to $0.9 million for 2004. Gross margin jumped 55 basis points from 3
adidas Lays Out New Strategies to Build Brand…
adidas-Salomon chairman and CEO Herbert Hainer has finally backed off his chest-pounding claims of grabbing 20% market share in the U.S. –- at least for now – and will instead focus on building a profitable business in North America…
