Derby Cycle AG Reports Q1 Investment Banking Fees Hurt Profits
Derby Cycle AG, Germany's largest bicycle manufacturer in terms of revenue, reported revenue reached €40.3 million ($54 mm) in the first quarter ended Dec. 31, 2011, up 6.6 percent from €37.8 million ($51 mm) in the prior-year period to,
Skechers Q4 Loss Swells on Toning Weakness
Skechers USA, Inc. reported sales for the fourth quarter were $283.2 million as compared to $454.6 million in the fourth quarter of 2010. Loss from operations in the fourth quarter of 2011 was $103.1 million versus earnings from operations of $1.4 million
Black Diamond Kicks Off Stock Offering
Closely-held Black Diamond, Inc. offered 7.75 million shares of stock at $7.50 a share in a public offering aimed at raising more than $50 million to pay off debt and finance acquisitions. The company's plans call for making enough acquisitions to gr
Puma’s Q4 Revenues Climb 16 Percent
Puma reported earnings more than doubled in the fourth quarter as currency-neutral sales grew 15.8 percent. Puma said it expects sales to rise by a high-single-digit percentage in 2012 and 2013, and net income to increase at a mid-single-digit pace in eac
Haglöfs Establishes Japanese Subsidiary
Haglöfs has established its own subsidiary in Japan after doing business in thge country for 18 years. Asics acquired the Swedish outdoor brand in 2010…
Perry Ellis Sees Q4 Earnings Shortfall
Perry Ellis International, Inc. said adjusted earnings per share are expected in the range of 35 cents to 38 cents a share in its fourth quarter. That compares to year-ago earnings of 44 cents a share and Wall Street's consensus estimate of 47 cents
Eddie Bauer CEO Departing
Neil Fiske, who took the helm at Eddie Bauer in 2007 and tied its turn around to a return to its roots in technical mountaineering, will leave the company, according to an article in the Seattle Times…
US Outdoor Store Turns 55
Portland, OR-based US Outdoor Store celebrates its 55th year of business this year. Like many outdoor specialty retailers, the company started off selling used government-issue surplus gear and has since evolved to…
Pon Holdings Forms Bicycle Business Unit
Pon Holdings BV has formed a bicycling unit to oversee its growing investments in cycling, which now include the Gazelle and Cervélo brands as well as those owned by Germany's Derby Cycle AG….
Academy Sports + Outdoors to Open Store in Jonesboro, AR
Academy Sports + Outdoors has signed on as the lead tenant for a shopping center being developed at the former fairgrounds site in Jonesboro, AR, home to Arkansas State University…
NICA Lands Jeep as First Non-Cycling Sponsor
The National Interscholastic Cycling Association (NICA) has signed a landmark corporate partnership agreement with Jeep to be the league’s Official Vehicle Sponsor. With the partnership, Jeep becomes NICA’s first platinum level partner outside
Liv/giant Signs on as Official Bike for Danskin Tri Series
Liv/giant, the women’s cycling brand launched by Giant last year, has signed on as the new official bike of the Danskin Triathlon Series…
Obama Budget Calls for Big Boost in Land and Water Conservation Fund
Obama’s 2013 budget calls for a 3 percent increase in the operating budgets at the Department of Interior's land management agencies and a whopping 30 percent increase in funding for the Land and Water Conservation Fund. While neither proposal
Cycling Fatalities Fell 12 Percent in 2009
A report released in by the National Highway Traffic Safety Administration (NHTSA) found 630 “pedalcyclists” were killed in 2009, down 12 percent from the 718 fatalities reported in 2008. The stats, while delayed, may indicate that cycling adv
Converse Opens First West Coast Flagship Store
Converse opened its first West Coast specialty retail store in Santa Monica, CA, the brand’s third inline location in the United States. Like its stores in New York City and Boston, the location pays homage to century-plus heritage as a performance
