SGB Update Outdoor
Sport Haley Settles Securities Suit…
Sport Haley announced that a class action securities lawsuit that was originally filed in October of 2001 has been settled. The company, Kevin Tomlinson, Robert G. Tomlinson and Robert W. Haley were all named as defendants. The settlement says that Spor
Garmin’s Q1 Margins Hurt by Chip Costs…
Garmin's revenue for first quarter of the year increased 28% to $158.3 million from $123.8 million in the year-ago quarter. Gross margins fell 950 bps to 50.8% for the 2004 first quarter compared to 60.3% last year. SG&A expenses were reduced 40 ba
Thule Taps Houseman for Regional Sales Manager Post
Thule has announced the hiring of Mark Houseman as the Southeastern Sales Manager. In the newly created position, Houseman will be responsible for managing Thule's southeast sales force, including IBD, outdoor/ ski, and automotive sales representati
Gildan Out of Powder for the Back Half…
Gildan Activewear is backing off its previous earnings forecast for its fiscal year due to capacity constraints and lower inventories. It appears the company raided the warehouse in the first of its fiscal year and sold more units at lower prices to meet
Sea to Summit Triples Sales…
Sea to Summit more than tripled its sales in the first quarter of 2004 with 218% growth, thanks to an expanded product line and its new sales force (see BOSS_0410). Seven years ago the company launched its U.S. line with an assortment of travel liners, an
Billabong Launches New Brand
Billabong announces the launch of a new brand: Honolua Surf Co., which will commence as a stand-alone wholesale company separate to the Honolua Surf Company retail division. The Honolua Surf Company retail division will remain the same and continue as a r
LaCrosse Swings to Q1 Profitability…
LaCrosse Footwear posted a 19.4% jump in first quarter 2004 sales, recording $23.7 million in revenue for the period, compared to $19.9 million for the first quarter of 2003. Sales of Lacrosse brands increased to the retail channel in the quarter and Dan
Bite Sees the Market Swinging Up…
Bite footwear has been posting some strong results, with a 20% increase in sales for the month of April – the company’s highest U.S. sales in a single month to date. March also showed the strongest Canadian sales numbers Bite has ever seen as well…
Golfsmith Pares Q1 Loss as Comps Jump Almost 24%
Golfsmith International Holdings, Inc. increased net revenues 44% to $65.8 million for the fiscal 2004 first quarter ended April 3 compared with net revenues of $45.8 million in the first quarter of fiscal 2003. Same-store sales increased 23.9% in the qu
Oakley and Ducati Extend Licensing Agreement
Oakley has extended for an additional three years its existing licensing agreement with Ducati Motor Holding S.p.A. and has expanded the scope of the agreement to include five exclusive models of Oakley eyewear. All products covered by the agreement featu
SIA Wins Five Awards for snowlinkjr.com
The SIA was recently awarded five different awards for its newly-launched consumer site, snowlinkjr.com. Both the website and the game, Icebox Maniacs, garnered top recognition nationally and in the Denver area. SIA developed snowlinkjr.com with the Fac
Accell Group Acquires a Third Parts Distributor
Accell Group N.V. has signed a letter of intent for the acquisition of F. van Buuren & Co. B.V., a company trading in bicycle parts and accessories. Following the recent acquisition of Juncker B.V., this new acquisition further strengthens the position of
Shoe Carnival April Comp Store Sales Down 4.6%
Shoe Carnival, Inc. reported sales for the four-week period ended May 1, 2004 increased 3.8% to $48.6 million from sales of $46.8 million for the four-week period ended May 3, 2003. Comparable store sales decreased 4.6% in April 2004.
Ross Stores Comps Increase 2% for April
Ross Stores reported sales of $322 million for the four weeks ended May 1, 2004, an 11% increase above the $289 million in sales for the four weeks ended May 3, 2003. Comparable store sales for the month increased 2% over the prior year. For the first qu
Famous Footwear April Comps Dip 1.2%; Brown Raises Guidance
Brown Shoe Company, Inc. reported that retail sales at Famous Footwear were $91.9 million for the four-week period ended May 1, 2004, even with the same period last year (ended May 3, 2003). Same-store sales decreased 1.2% for the month, partially due to
