SGB Update

Bush Ends Roadless Protection in U.S. National Forests…

Ann Veneman, the U.S. Secretary of Agriculture announced the government’s intention to abandon roadless protections for over 58 million acres of national forest. This decision has the potential to open these lands to deforestation by timber and mining co

Specialized v. Scott USA…

The recent launch of Scott USA bicycles in the U.S. market at the Sea Otter Festival caused some concern among the ranks of Specialized executives. Scott USA has been a strong competitor in Europe, and the company’s ‘Genius’ full suspension MTB design, ac

American Skiing Company Pays $5 million for Its own Resort…

In early 2002 American Skiing Company and triple Peaks Inc. entered into a deal that should have resulted in Triple Peaks becoming the new owners of the Steamboat Ski resort for $91.4 million. At the time AESK was having financial problems and needed to s

Black’s Leisure Leverages Diversity…

British sporting goods and outdoor retailer Black’s Leisure Group reported that sales for the first 19 weeks of the company’s fiscal year increased 17.5%, partially due to the addition of eight new stores. Comparable store sales increased 4.2% during the

Atomic Prez Sheds More Light on SBU…

Shortly after publication last week, BOSS managed to catch up with Atomic president Jack Baltz, who shed some light on his decision to launch a Small Business Unit covering the Mid-Atlantic and New York territories. Baltz said that the New York/New Jersey

Rebel Sports Reports Solid YTD

New Zealand’s Rebel Sports is reporting that it’s 2003-04 fiscal year sales were up 10.3% to NZ$305.4 million ($192.0 million). Results included the recently acquired ‘Glue’ lifestyle stores. Comparable store sales for the chain, including Glue, increased

Physical Fitness Tops When it Comes to Participation…

Based on data outlined in the recently released Sports Participation in America report from SGMA International, America’s seniors are focusing on health and wellness more, pushing participation in low or non-impact fitness activities higher, while the you

Oakley Warns on Soft Q2; Shares Sink…

Oakley has lowered its earnings and sales guidance for the 2004 fiscal year to reflect what the company is describing as softer than expected sales in the second quarter and production shortfalls that resulted in decreased inventory turns. The company pr

Russell Boosts Q2 Guidance; Now Has (Tiny) Slice of K2 Inc…

Russell Corporation is benefiting from K2 Inc.’s acquisition of Marmot Mountain last and will realize a gain of approximately 8.5 cents per share in the second quarter for their interest in Marmot. K2 told SEW last month (SEW_0425) that the deal included

Burton to Acquire Four Star Snowboard Brands…

Burton Snowboards has signed a letter of intent to acquire four snowboard brands from Four Star Distribution – Forum, Special Blend, Jeenyus and Foursquare. Once this acquisition is complete, slated for August, it will mark the first time that Burton will

Cybex Q2 Profits Jump; Secures New Debt Facility…

Cybex International saw net sales for the second quarter ended June 26, 2004 increase 13.7% to $24.0 million from $21.1 million in the year-ago period. Net income was up almost four-fold, delivering $833,000, or 8 cents per diluted share, in profit in the