Sport Supply Group Raises Fiscal Year Outlook
Sport Supply Group reported sales rose 5.3% to $77.5 million in the first quarter ended Sept. 30, from $73.6 million in the year-ago period. Earnings were basically flat at $5 million though earnings per share improved to 37 cents from 35 cents due to few
Badger Sport Acquires Pro-Line to Enter Headwear Market
Badger Sport, of Statesville, NC, announced the purchase of Pro-Line Athletic, Fort Worth, TX. Terms were not disclosed. In a statement, Jerry Carr, president and owner of Badger Sport, said, “Pro-Line is a great fit for Badger Sport. It has been our goal
Puma AG Sees U.S. Region Lead Decliners in Q3
Puma AG consolidated sales in the third quarter decreased by 6.3% currency-neutral, or by 5.5% in euro terms, to €673.4 million ($962 mm). Third quarter gross margin decreased from 53.6% of sales in Q3 last year to 51.9% of sales this year. Net ea
Adams Golf Settles Stockholder Class Action Litigation
Adams Golf has agreed to settle and resolve a stockholder class action lawsuit initially filed in June 1999, certain of its current and former officers and directors, and the three underwriters in Adams Golf's July 1998 initial public offering. Adams
M.J. Soffe Looking to Add Capacity
M.J. Soffe is looking to increase capacity in screen printing following strong demand for its decorated products. In an interview with The Fay Observer in Fayetteville, NC, Soffe President Ken Spires said that “our sales guys really did a great job in get
Look Cycle Signs Licensing Agreement for Rossignol Apparel
The Rossignol Group and Look Cycle have signed a multi-year licensing agreement for Rossignol apparel…
Dorel’s Rec. and Leisure Division Sees Declining Sales and Earnings
Dorel Industries Inc. Recreation & Leisure Division reported that sales declined 6.1% to $518.5 million compared to $552.2 million last year. Excluding the impact of the new business acquisitions and foreign exchange variations on the segment's non-U
OBIT: Tews Two Sportng Goods Edward Lemke
Edward E. “Jiffy Ed” Lemke, owner of Tews Two Sporting Goods hunt & fish store in Oshkosh, WI, passed away peacefully at his home on Nov. 6, 2009, according to The Post Crescent. He was 71…
Berkshire Apparel Unit Sees Declines
Berkshire Hathaway reported sales in its Other Manufacturing segment, which includes Fruit of the Loom, Russell and Brooks Sports, slid 12.9% to $3.24 billion from $3.72 billion. Pre-tax earnings of the segment were $293 million, a decrease of $185 milli
Garmin’s Q3 Sales Slide Despite Record Sales from OD/Fitness
Garmin Ltd. reported revenues slumped 10.2% in the third quarter of 2009, reflecting significant weakness from the company’s Auto/Mobile and Aviation segment that more than offset growth from the Outdoor/Fitness and Marine segments. Revenues for the
Mountainsmith Hires Western Reps
Pacific Recreation Sales (PacRec), based out of Bakersfield, California, has been retained by Mountainsmith LLC to oversee sales and marketing efforts in California, Arizona, Nevada and Hawaii…
Adidas Group Positive While Posting Q3 Declines
The adidas Group reported that top-line revenues trends had not changed materially since its fist half report, but the company, which also owns the Reebok, CCM-Reebok, Rockport and Taylormade brands in addition to the namesake adidas brand, produced a 
Amazon Closes Zappos Acquisition
Amazon.com, Inc. completed its acquisition of Zappos.com. Thanks to an increase in Amazon's stock price, Amazon will pay $1.2 billion, or $117.40 a share, for the business, up from $928 million when the deal was first announced on July 22. As expect
CIT Group Files for Bankruptcy Protection
CIT Group Inc., the commercial lender and the leading factoring company in the U.S., filed for bankruptcy in an effort to cut $10 billion in debt following a failed debt exchange and U.S. taxpayer bailout. CIT’s factoring subsidiary, CIT Trade Finan
Genesco Acquires Sports Fan-Attic
Genesco Inc. announced that its Hat World subsidiary acquired Sports Fan-Attic, a Tampa, Fla.-based retailer of licensed sports headwear, apparel, accessories, and novelties. Sports Fan-Attic operates 37 stores largely in regional malls in seven states.
