SGB Update

adidas-Salomon Shakes Off Weak Europe to Post Solid Q1

adidas-Salomon reported that first quarter net sales for the Group increased 11% on a currency-neutral basis with improvements coming from all regions. This represents growth of 10% in euro terms to €1.78 billion ($2.33 bn)in 2005 from €1.62 billion ($2.0

MSR Recalls SuperFuel

Cascade Designs conducted an investigation into possible
defects in MSR SuperFuel cans. The company concluded that the batch of SuperFuel from Lot #502-167 contains an undetermined number of defective cans that may leak
fuel from either a defective seam o

Dansko Taps Christian Shea

Dansko announces the hiring of Christian Shea as
Marketing/Development Specialist, a new position for the company. Shea was most recently at Digital Globe in Longmont, Colo., and 23airmail, in Denver.

adidas Sells Salomon Group to Amer Sports

adidas-Salomon will sell its Salomon business segment, including the related subsidiaries and brands Salomon, Mavic, Bonfire, Arc'Teryx and Cliché, to the Amer Sports Corporation. The transaction values the segment at approximately €485 million ($624

Nautilus Sees More Q1 Gains at Sporting Goods Stores …

Nautilus seems to be taking some steps in the right direction in its objective to capture 40% of the global fitness market. The company has been steadily increasing its margins and stepping up its investment in both research and marketing, resulting in sa

Amer Sports Acquires Salomon for €485 Million…

Looks like France isn’t the place to be any longer for winter sports brands as the second blockbuster deal in a month finds another hometown brand acquired by an out-of-town suitor. adidas-Salomon AG announced Monday morning that it had reached an agreem

Amer Sports Acquires Salomon for €485 Million…

It just doesn't pay to work for a snow sports brand in France these days… adidas-Salomon AG announced Monday morning that it had reached an agreement with Amer Sports Corporation for the Finland-based parent of Wilson, Atomic, Precor, and Suunto to

Delta Moving More Soffe Offshore…

Despite a dip in sales in its fiscal third quarter, Delta Apparel got a nice bottom line lift from improving gross margins and operating margins in the period ended April 2. Net sales for the period dipped less than 1% to $58.3 million from $58.8 million

Cabela’s Q1 Comp Sales Decline Leads to Decrease in Net Income…

Cabela's saw first quarter comp store sales decline 6.3%, due primarily to the last year’s grand opening of Cabela’s retail store in Penn., which brought this quarter’s comps down by 4.5 percentage points. The remainder of the comp-store decline was

Head Moves More Tennis Racquet Production to China…

Head Sport AG has decided to outsource 90% of its tennis racquet production from its European sites in Austria and the Czech Republic to China. The move is in response to the sharp rise in the Euro-Dollar exchange rates over the past two years and the sub

GSI Sees Sporting Goods Share of Total Sales Decline in Q1…

GSIC continues to expand its presence in the on-line retail world by expanding outside of its core sporting goods category and into consumer electronics, toys, and virtually any product that can be sold on-line. The company has also been expanding the ser

Russell Corp Points to Brooks as Key Q1 Driver for Growth…

Russell Corporation may have transitioned itself from an apparel manufacturing company to a sports apparel and equipment marketing company over the last five years, but it is its latest foray into the world of athletic footwear that fueled growth in the m

Winter Sports the Lone Drag on Amer Sports Group Sales…

Amer Sports Corporation reported its first quarter under a new name last week, posting currency-neutral increases across all divisions with the exception of the Atomic Winter Sports group. The company had to anniversary big numbers from Q1 last year when