Mizuno Lowers Outlook After Tough Q3
Mizuno Corp. had a difficult third quarter as continued softness in the global economy slowed sales and caused the company to lower its guidance for the fiscal year through March 2009. The company now anticipates reporting a net loss for the fiscal year f
Karhu Holding and Karhu Sports Reach Settlement
Karhu Holding BV and Karhu Sports Oy reached an amicable settlement to their dispute over the Karhu trademarks. Karhu Holding BV was confirmed as the owner of the Karhu global trademark portfolio and will be responsible for the sale of all other products
Performance Running Brands See a Shift Sway From Motion Control Footwear
Like neutral cushioning and stability, motion control has been one of the traditional categories that performance running footwear brands and retailers have used to segment their products…
Pace Setters
The SGMA’s “2008 State of the Industry Survey” lists running as number four on the list of “Hottest Sports for Sales Growth in 2008” behind yoga / pilates, fitness walking and lacrosse. Women play a significant role in keeping running at the top of that l
Somnio Launches Customizable Footwear Line
An avid runner who was experiencing problems with his feet, Sean Sullivan started seeing Dr. Andy Pruitt at the Boulder Center for Sports Medicine in Boulder, CO. The conversation quickly shifted from Sullivan’s problems to the solutions…
Delta Apparel’s Q2 Sales Climb 6.7%
Delta Apparel Inc. reported sales rose 6.7% in its second quarter ended December 27, to $73.4 million. The sales growth was driven by a 17% sales increase in the retail-ready segment with flat sales in the activewear segment…
Johnson Outdoors Q1 Net Sales Fall 8.2%
Johnson Outdoors Inc. had net sales of $69.8 million for the first quarter ended Jan. 2, 2009, an 8.2% decline compared to net sales of $76.0 million for the prior year quarter. Loss from continuing operations of $6.9 million, or 76 cents per diluted shar
U.S. Dept. of Education Allocates $70M to Get Youth Active
The U.S. Department of Education recently announced the availability of $70 million dollars for the purchase of products, including snow sports, that help activate children and for training on the use of such products, reported the SIA. The Carol H. White
GSI, Innotrac Terminate Buyout Deal
E-commerce companies GSI Commerce Inc. and Innotrac Corp. said Thursday have agreed to terminate a cash-and-stock buyout deal. GSI had agreed to buy Innotrac in October for $52 million, including $22 million in cash and the rest in stock. GSI's share
Jarden Appoints Deutsche Bank to Replace Lehman
Jarden Corporation has reached an agreement to settle all of its outstanding claims against Lehman Brothers related to the bankruptcy of Lehman and related entities and the subsequent defaults of Lehman Commercial Paper Inc., an affiliate of Lehman Brothe
OIA: Outdoor Sales Gain 5% for FY08
Outdoor sales for the entire year in all three core outdoor store channels (chain, internet, specialty) totaled $5.2B, a 5% gain over 2007, according to the most recent edition of The Outdoor Industry Association (OIA) Outdoor Topline Report…
RECALL: L.L. Bean Ice Cleats
The U.S. Consumer Product Safety Commission, in cooperation with the L.L. Bean Inc., today announced a voluntary recall of the Stabilicers Lite Cleats…
Columbia Q4 Profit Drops, Sales Fall 6%
Columbia Sportswear Co. reported sales in the fourth quarter slid 6% to $354.9 million from $376.7 million for the same period of 2007. Sales included a 3% negative effect from changes in foreign currency exchange rates compared with the fourth quarter of
Element 21 Names CFO
Element 21 Golf Company, the manufacturer of Scandium Alloy golf and biofiber fishing equipment, appointed David Khazak as chief financial officer. Khazak is a chartered accountant with over eighteen years of experience in public accounting…
Confluence Moves Composite Manufacturing to China
Confluence Watersports will be manufacturing the entirety of its composite boat program in China, effective June 2009. While ultimately it is a decision to lower the costs associated with manufacturing composite boats in the Easley, S.C. factory, the com
