Accell 2004 Earnings Outpace Sales by Two-to-One Ratio…
The Accell Group is continuing to show strong growth in the European bicycle and fitness market with sales increasing 17.8% to €341.1 million ($424.3 mm) compared to €289.6 million ($327.9 mm) in 2003. Organic sales grew 7% for the year while income jumpe
Cressi-sub Buoyancy Compensator Recall
Cressi-sub S.p.A., of Genoa, Italy has recalled approximately 1,000 Cressi-sub Buoyancy Compensators because a slow leak from the shoulder exhaust caused by expansion of the internal cable housing could result in slow deflation. This could impact the dive
No Snow. No Hockey. Forzani Forced to Look at Other Options…
The combination of warm winter weather in B.C. and Alberta during critical parts of the selling season, the NHL lockout, and heavy price competition in Ontario caused Forzani to fire off a warning flare to investors. The company reported un-audited sales
Head USA Diving Computer Recall…
Head USA has recalled about 181 SCUBA diving computers. The recall includes the ‘Dacor Darwin Air dive’ computer with serial numbers 3265 through 3415, and the ‘Dacor Darwin Console dive’ computer with serial numbers 8503 through 8592. The computers were
Huffy Replaces Independent Auditor…
Following efforts by its unsecured creditors to block Huffy’s retention of KPMG, LLP as its independent auditor (see BOSS 0504 & 0506), Huffy has retained Marcum & Kliegman LLP. This new firm has been approved by the bankruptcy court and the Audit Committ
There’s Still a Little Magic Left in Trade Shows…
After spending most of the last two months in an airplane or at trade shows (and far too much time in Las Vegas), it only seemed appropriate for Sports Executive Weekly to take an overall look at the market for 2005 and offer up a humble assessment of the
Cannondale Seat Post Recall
Cannondale Bicycle Corp. has announced the recall of roughly 1,480 ‘1-X’ bicycle suspension seat posts that were installed on various 2005 model year Cannondale brand bicycles. The recall involves Lee Chi model 1-X bicycle suspension seat posts. Lee Chi i
OIA Redoubles Efforts to Help Protect Recreation Areas…
As the climate for public policy and environmental issues heats up, Outdoor Industry Association (OIA) has fired up its commitment and efforts to protect the pristine lands and waterways that are the lifeblood of the outdoor industry—the outdoors themselv
Russell Gets Back to Organic Growth in Q4; 2005 to See New Brand Upside…
Russell Corporation turned the corner on organic growth in the fourth quarter, posting a 3% increase in revenues for the period when excluding the impact of acquisitions on quarterly sales figures. Including the acquisitions over the past year, fourth qu
Scott USA Adds to New England Sales Force
Realizing a successful New England season, Scott wintersport has ramped up their efforts leading into the 2005-2006 season. New England sales representative Peter Kidd welcomes Adam Sink and Lauren Knox to assist in all Scott product lines; goggles, glov
Johnson Outdoors will Remain Public…
After over a year of negotiations and analysis, shareholders have decided that Johnson Outdoors will remain a publicly traded company. JOUT last week held a vote at a special meeting of shareholders, looking for a two-thirds vote of the minority sharehol
Skechers’ Solid 2004 Results May Point to Turnaround…
Skechers USA looks to be heading in the right direction after posting a sold fourth quarter that benefited from fewer markdowns and close-outs that drove up average selling prices in footwear, as well as tighter controls on everything from selling expense
Patagonia to open St. Paul, MN Store
The High Winds Fund of Macalester College in St. Paul, MN has selected Patagonia as the tenant for its property at 1648 Grand Avenue. Most relevant to this event, Patagonia has worked diligently to utilize sustainable construction techniques in the buildi
Bob’s Stores in Makeover Mode…
Bob's Stores finished its first full year under the TJX umbrella with $291 million in sales, a $17 million operating loss and only one net new store, bringing the total number of doors to 32 at year-end. Management said the performance of the divisi
Nautilus Appoints New CFO
Nautilus has promoted Bill Meadowcroft to chief financial officer effective March 31, succeeding Rod Rice who is retiring March 31 after 11 years with the company. Meadowcroft joined Nautilus in 2000 and has served as the company's principal accounti
