SGB Update Outdoor
Cutter and Buck is Solidly Back on Track in Fiscal Q4
Cutter & Buck fourth quarter results showed a 5.8% increase in net sales from $36.3 million last year to $38.4 million in 2004. The company also celebrated a very solid return to profitability for the quarter, posting a net income of $5.6 million, or 49 c
The OIA Supports the Americans Outdoors Act
The OIA, representing the interests of over 4,000 businesses and the $18 billon outdoor industry, supports the introduction of the Americans Outdoors Act which will establish a trust fund providing $1.425 billion in annual funding to encourage physical ac
Collegiate Pacific Makes FSB ‘Top 100’ List
FORTUNE Small Business Magazine has named Collegiate Pacific to its 2004 list of America's Fastest Growing Small Companies. Coming in at number 24 on the FSB 100 list; it was the highest ranking sporting goods company on the 2004 list. The criteria f
West Marine Wins VICS Award
West Marine recently was recognized by the Voluntary Interindustry Commerce Standards Association for excellence in integrating the company's collaborative, planning, forecasting and replenishment operations. West Marine is primarily responsible for
Tom Shine Gets Home Detention in JFF Case
Thomas Shine, former President of now-defunct Logo Athletic, Inc. and SVP of sports and entertainment marketing worldwide for Reebok International Ltd., was sentenced on Thursday in the ongoing fraud case involving Just for Feet. Shine was sentenced by U
Nike Hits $12 Billion Mark in Fiscal 2004; Futures Up 10.7%
NIKE, Inc. reported revenues for the fiscal fourth quarter ended May 31 increased 17% to $3.5 billion, versus $3.0 billion for the same period last year. Seven percentage points of this growth were the result of changes in currency exchange rates. Fourth
Finish Line Q1 Net Up 54% on 14% Comp Sales Gain
The Finish Line, Inc. reported that net sales for the fiscal first quarter ended May 29 increased 24% to $258.0 million compared to $207.8 million reported for the year-ago period. Comparable store net sales increased 14% for Q1 on top of a 14% increase r
REI Signs Lease for New Pittsburgh Store
REI has signed a lease with the Soffer Organization for a 27,000 square-foot store in the Southside Works, located on Pittsburgh's south side on the Monongahela River. Southside Works is a 34-acre, urban mixed-use, brownfield redevelopment. The REI s
Salomon Moves Snowboard Marketing Team to Oregon
Salomon Snowboards has re-located their International Snowboard Sports Marketing management to Salomon’s North American office in Portland, OR. Previously managed from Salomon’s Headquarters in Annecy, France, the move strengthens Salomon North America’s
Peter Baker Joins Kamik as VP – Global Marketing
Kamik, a division of Genfoot America, has selected Peter Baker to the position of Vice President of Global Marketing. Prior to joining Kamik, Baker served as the Senior Director, Global Brand Management for the Timberland Company based in Stratham, NH…
Magic Johnson to Put Name on Product Again
Earvin “Magic Johnson” has reportedly partnered with BASH Sports, LLC in Irvine, CA to launch a new line of basketball footwear and apparel bearing the name Magic32. Johnson's signature line, which is expected to start delivery for Holiday '04
Shanley and Team Leave Wells Fargo for SIG
John J. Shanley is leaving Wells Fargo Securities to join Susquehanna International Group, LLP. SIG said Shanley will join its sell-side research team, covering athletic footwear and apparel. Mr. Shanley brings more than twenty years of experience in the
Nike Addresses Youth Inactivity…
At the HealthierUS Fitness Festival, Nike urged the U.S. education system to add P.E. classes taught by P.E. specialists for at least 30 minutes a day, five days a week, to all American schools. The company claimed that the current PE curriculum is outdat
Dick’s Acquires Galyan’s in $362mm Deal
Dick's Sporting Goods and Galyan's Trading Company have entered into a definitive agreement and plan of merger for Dick's to acquire all of the issued and outstanding stock of Galyan's. Under the terms of the agreement, Galyan's s
Russell Acquires AAI in $13mm Deal…
Russell Corporation has inked a deal to acquire the assets of American Athletic, Inc. for $13 million. The move is seen as a nice fit with RML’s recently-acquired Spalding business and offers a complementary hardlines component to the inflatables business
