Dorel Earnings Increase 40%; Pacific Cycle Sales Jump 30%
Driven by solid organic growth and new product introductions, Dorel reported a strong quarter of revenues and earnings. Revenues for the first quarter ended March 31, 2005 rose 19% to $465.6 million, compared to $391.1 million posted a year ago. Earnings
Nordic Fitness and Outdoor Converge at ISPO
When the international sporting goods industry convenes in Munich for ispo summer 05, they will see the continued growth in the relationship between outdoor business and Nordic fitness and a larger outdoor presence than in 2004.
ispo summer 05 will take p
Warnaco Income Jumps 45% on 12% Sales Gain
The Warnaco Group, Inc. reported results for the fiscal first quarter ended April 2, 2005, in which Net revenues rose 11.8% to $439.5 million from $393.3 million in the year-ago quarter. Net income saw major gains, jumping 45.1% to $29.4 million compared
Top Golf Instructor Joins Mizuno Advisory Staff
Dr. Gary Wiren, the 9th ranked instructor in Golf Digest’s “Top 50 Instructors”, has signed on as an Advisory Staff Member for Mizuno USA, Inc. Dr. Wiren will utilize and promote Mizuno equipment in his duties as Master Teaching Consultant at Trump Inter
Outlast Appoints New CEO; Cattermole Retires
Outlast Technologies has appointed Dr. Patrick Gruber, as President and Chief Executive Officer. Gruber comes from NatureWorks LLC (formerly Cargill Dow LLC), where he was the Vice President and Chief Technology Officer. As one of the founders, Gruber has
Intrawest Sees Earnings Rise In Spite of Tough Northwest Ski Season
Intrawest Corporation third quarter revenue was $504.8 million compared with $437.9 million for the same period last year. Mountain resorts revenue increased from $289.3 million to $295.5 million and the warm-weather resorts increased from $10.2 million t
April Doesn’t Shower Retailers with Riches, But it Doesn’t Rain on their Parade Either…
Retailers were expected to suffer a great deal in April after the loss of the Easter holiday sales period to the month of March, but the consumer surprised many and kept things moving in April, particularly in the better department store and warehouse clu
Retail Execs Pull Back on Upbeat View…
Retail Executives clearly anticipated a more difficult month in April as a result of the Easter shift, according to the most recent NRF Executive Opinion Survey, a monthly index by the National Retail Federation. After two solid months of upbeat survey r
Big 5 Shakes Off Weather and Lower Margins to Post Solid Q1 Profit Growth…
Big 5 Sporting Goods saw rising distribution costs impact gross margins for the first quarter ended April 3, but was able to muster net income growth for the period that outpaced sales growth by a 2-to-1 margin. The retailer said they were “off to a good
QBP Recalls Dimension 130º Stems
Quality Bicycle Products and the CPSC have recalled all Dimension-brand road and mountain thread-less bicycle stems with a 130 degree rise. The stems are black or silver and have the word “Dimension” painted on the extension. About 18,000 of the stems wer
Werner Receives Patent for Adjustable Ferrule System
Werner Paddles was officially awarded US Patent 6881111 for their Adjustable Ferrule System. The System changes feather angles from 0 to 90 degrees, left or right, in 15 degree increments. Unique to Werner’s design is an internal molded system that does n
Nautilus Acquires Canadian Distributor; Will Expand Operations
Nautilus, Inc. has acquired certain assets and assumed certain liabilities of Winnipeg-based Belko Canada for approximately $5.5 million in cash. Belko Canada has served as the exclusive Canadian distributor of Bowflex and Schwinn Fitness branded product
Sportsman’s Guide Adds Board Member, Announces Other Board Moves
The Sportsman's Guide, Inc. announced that Ronald G. Olson has been elected to the Company's board of directors at the annual meeting held May 6, 2005. SGDE also announced that the board has authorized management to purchase up to 10% of the Co
There’s Only One Swiss Army Brand Now
Victorinox has acquired its smaller competitor, Wenger SA. Although integrated in the Victorinox Group, Wenger will operate as an independent entity at its existing facility in Delémont in the Canton of Jura. Victorinox had sales of 169 million Swiss fra
Big Dog Narrows Q1 Loss on Walking Company Lift
Big Dog Holdings, Inc. reported that consolidated net sales for the first quarter ended March 31 were $31.3 million, a 43% increase compared with $21.9 million in Q1 2004. Sales increased primarily due to the addition of $10.6 million of revenue from The