SGB Update

SGMA International Sets 2005 Legislative Agenda

This year could prove to be a pivotal one for the sporting goods industry on Capitol Hill. From responding to threats to cut basic programs like physical education and local park development to lobbying in favor of tort reform and international trade, SG

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

Pacific Brands Sees Profits Jump 35.6% for the Half Year

The Pacific Brands group announced a net profit after tax (pre goodwill amortisation) of A$54.1 million ($39.7 mm) for the half year ended December 31, 2004, which exceeded the net profit for the same period last year by 35.6%. This has resulted in earni

US E-Commerce Sales Up 4.7% for Q4

The Census Bureau of the Department of Commerce announced that the estimate of U.S. retail e-commerce sales for the fourth quarter of 2004, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, was $18.4 billi

Spiegel to Reorganize Around Eddie Bauer

Spiegel has proposed to the U.S. Bankruptcy Court for the Southern District of New York a plan in which the business will be reorganized around the Eddie Bauer division of the company, establishing a new parent company, Eddie Bauer Holdings, Inc. Eddie Ba

Pacific Launches Schwinn Branded Motor Scooters

Dorel announced new initiatives by its Pacific Cycle
division aimed at leveraging the strength of its Schwinn brand. Schwinn has launched a new category of four-stroke gas-powered motor scooters. It has also unveiled add-ons to the highly popular Sting-Ra

Deckers Doubles Fourth Quarter Sales; Income up 275%

Deckers fourth quarter net sales increased 108% to a record of $74.2 million versus $35.7 million in the same period last year. Net income for the quarter rose 275% to $9.2 million, compared to net income of $2.5 million last year, and income per diluted

Huntress Joins Reusch as National Sales Manager

David Huntress has joined Reusch as its National Sales Director. Huntress joins Reusch at a time when the company is re-establishing its presence in the North American market and is enjoying steady growth. Huntress has been involved in the sporting goods

Accell Group’s Sales Increase 18%; Income Climbs 42%

Accell Group N.V. realised a 38% rise in net earnings per share in 2004. Net profit came in at €13.0 million ($16.2 mm), up 42% from €9.2 million ($10.4 mm) in 2003. Turnover was up 18% at €341.1 million ($424.3 mm), from €289.6 million ($327.9 mm) in 200

Globe’s Half-Year Revenues Jump 20%

Board Sports and streetwear apparel company Globe International announced that revenues of A$108.5 million ($79.6 mm) for the half year ended December 31, 2004 were an improvement of 20% on the corresponding period last year and that the company remained

Russell Q4 Profits Hurt by Huffy, Other Expenses

Russell Corporation reported fiscal 2004 fourth quarter sales of $334.0 million, an increase of 10.5% over the same period a year ago. The Company also reported earnings of $10.3 million, or 31 cents per diluted share, including an approximate 6 cents per

Tubbs SLC ‘Romp to Stomp’ Event Raises $9,000

Tubbs Snowshoes and the Salt Lake City Affiliate of the Susan G. Komen Breast Cancer Foundation held their third annual 'Romp to Stomp Out Breast Cancer' Snowshoe Series at Mountain Dell Golf Course. The annual event consists of both a snowshoe

Paul Sullivan is the New Director of Diamond Sports for Spalding

Paul Sullivan has joined Spalding, a division of Russell Corporation, as Director of Diamond Sports. Sullivan will oversee the overall business management of the Dudley softball business and the company’s baseball business and licensing agreements. He wil

TNF Hires Flannery as VP of Marketing

The North Face has hired Joe Flannery as the company’s new vice president, marketing. Flannery brings to The North Face over 15 years of industry-related experience and a background in consumer products marketing. Immediately out of college, he helped fou