SGB Update Outdoor
Skechers Swings to Q3 Profit, But Still Disappoints Street…
Skechers reported solid results for third quarter, swinging to a profit versus a year-ago loss, but the company missed analysts’ expectations by 25%, forcing Wall Street to pull the plug and sending SKX shares down 11.4% for the week to close at $11.04 on
Saucony Sees Backlog Slow While Fill-in Grows; Looks to Fix Crossover Product…
Saucony, Inc. posted another stellar quarter in Q3, driven by very strong shipments of mid-priced Crossover and Originals product into the mall channel. While there was cause for celebration for the current quarter, Wall Street pushed shares lower for th
K-Swiss Sees International and Fill-in Business Drives Q3 Margins, Profits Higher…
International is playing a bigger role in the success at K-Swiss Inc., a trend that is driving sales higher, building margin, and fueling bottom line gains. Wall Street reacted positively to the trend as they shook off concerns over a declining U.S. orde
K2 Moves Dana Designs under Marmot’s Control
K2 Sports' Dana Design backpack and travel bag division will relocate in November from Vashon Island, WA, and operate under Marmot Mountain, LLC. in Santa Rosa, CA. Dana Design and Marmot products will continue to be developed and marketed as separat
Smith Optics Hires Surf Marketing Manager
Smith Optics has hired Scott “Pod” Banuelosis as surf marketing and promotions manager. Effective immediately, Pod will be responsible for all surf team management and marketing operations in Smith Optics’ San Clemente, California, office. Most recently,
ASICS America Files Trademark Suit
ASICS America Corporation and ASICS Corporation Japan have filed suit in Federal District Court in the U.S. District Court, Central District of California against Wanted Shoes, Inc. (Edison, New Jersey) for trademark infringement, unfair competition, trad
SGMA Elects New Board; Tom Rogge is Chairman
SGMA International is pleased to announce the election of a new chairman and vice chairman. The new chairman of the Board of Directors is Tom Rogge, president of Cramer Products, and the new vice chairman is Steve Furniss, EVP of TYR Sport, Inc. The forme
PUMA Q3 Results Set Company Record for GM and EPS
PUMA’s third quarter showed another outstanding performance with growth in consolidated sales of 16.5% on a currency-neutral basis, or by 14.6% to €461 million ($564 mm) in Euro currency. Gross margin hit a new high in Q3, coming in at of 52.8% of sales.
Johnson Outdoors to go Private
Johnson Outdoors' board of directors has approved a definitive merger agreement with JO Acquisition Corp., a newly formed entity established by members of the family of the late Samuel C. Johnson, including Helen P. Johnson-Leipold, Chairman and Chie
Nike Launches Women’s Catalog
Nike will launch its first national catalog for women. The 56-page catalog will feature a full line of apparel, footwear and equipment products and will be mailed 11 times per year in the United States. Female athletes will showcase Nike's women'
Sport-Haley Appoints Jewell as Interim CEO
Sport-Haley has appointed Donald W. Jewell, Senior Vice President, to act as interim CEO until a permanent CEO can be appointed. Jewell was the founder, president and director of Jewell-Rung International, a Canadian distributor of premium and mid-priced
K-Swiss Q3 Net Earnings Up 37% on 12% Sales Gain; U.S. Futures Fall 10%
K-Swiss Inc. reported net earnings increased 36.9% to $20.7 million, or 57 cents per diluted share, compared with $15.1 million, or 40 cents per diluted share, in the prior-year period. Total worldwide revenues increased 12.0% to $135.8 million compared
Interbike Adds Westcott to Sales Team
Interbike has added Kevin Westcott to their sales team. Westcott replaces Adam O’Brien as Account Executive for Interbike’s growing portfolio of trade events – Interbike Expo, OutDoor Demo and the inaugural Winterbike, planned for February 2005. No stran
Phoenix Third Quarter Sales Jump 110.9% with Flat Organic Growth
Phoenix Footwear net sales for the third quarter totaled
$23.2 million versus $11.0 million for the third quarter of 2003, an increase of 110.9%. Net income per diluted share was 24 cents for the third quarter as compared to net income per diluted share o
TimBuk2 Wins Ebbie Award
Timbuk2 Designs was awarded the Emerging Growth Award at last night's 2004 Ebbies Awards Gala in San Francisco. This award, sponsored by Williams-Sonoma, Inc., is presented to a San Francisco small business or emerging growth company that has demons
