Amer Q2 Results Hurt by Tax Expense…
Amer Group still expects to be the number one sports equipment company in the world, but may have slipped in the second quarter in their drive to achieve that goal. Total company net sales in Q2 were impacted by the company’s withdrawal from the tobacco
Huffy 2003 Loss to Widen; Will Also See $70 mm Q1 Loss…
Huffy Corporation announced late Friday that $3.5 to $5.0 million in accounting entries, related primarily to customer deductions, credits and reserves for inventory valuation and doubtful account receivables for the former Gen-X Sports business, should h
Head NV Sees Tax Hit Hurt Q2 Profits…
Head N.V. saw their bottom line take a major hit in the second quarter, as a $20.6 million (€17 mm) income tax expense drove the net loss for the period up 245%, or up 225% when measured in the company’s native Euro currency…
Bell Sports Merged with Riddell Sports in $240 Million Deal…
Fenway Partners, Inc., the private equity firm that owns Riddell Sports Group, has acquired Bell Sports and its Bell and Giro helmet brands in a $240 million deal with current Bell Sports owners Chartwell Investments Inc., GarMark Partners LP and Wachovia
Burrell Retires from Garmin; Two New Board Members Appointed
Gary L. Burrell has retired from his position as Co- Chairman and as a director of Garmin. Dr. Min H. Kao, who is the company's CEO and who served with Mr. Burrell as Co-Chairman, will continue as Chairman and CEO. Mr. Burrell and Dr. Kao together fo
Polartec Breaks into the Waterproof – Breathable Category
Malden Mills has chosen the opening day of the Outdoor Retailer Show to announce a major line extension. Tape-able waterproof breathable fabrics will be offered under the sub-brand Polartec Aqua Shell, including one three-ply style, one two-ply with stret
Cold as Ice Re-Structures
Cold As Ice has had an extreme make-over performed on it’s sales force. The Cold As Ice infrastructure has also had a “facelift” with Tina Post & Hether Gibby. Tina joins the customer service team and will be responsible for domestic servicing. After s
Scott USA Signs James Nishida for SoCal
Scott USA has signed James Nishida to the company’s bike group. Nishida will be the sales manager for the Southern California territory. With more than 14 years of experience, Nishida got his start in the cycling industry working for REI, and later owned
Huffy Names COO; Will Revise Q1 Results and Report Loss
The Huffy Corporation Board of Directors has elected John A. “Jay” Muskovich as Chief Operating Officer of the company. Muskovich was the president and CEO of DoubleSights Displays, LLC until its sale. HUF also announced that it anticipates that it will
Head Q2 Bottom Line Takes Tax Hit; Sales Up 5.1%
Head N.V. reported that net revenues for the second quarter increased by 5.1% to $83.2 million from $79.2 million in the year-ago period. The net loss for the period widened 244% to $30.7 million versus a net loss of $8.9 million in Q2 last year, due pri
Shoe Carnival Q2 Net Up 26% Despite 3.7% Comp Decline
Shoe Carnival, Inc. reported that net income for the second quarter of fiscal 2004 increased 26.2% to $1.9 million, or 15 cents per diluted share, compared with net income of $1.5 million, or 12 cents per dilted share, in the second quarter of fiscal 2003
The Buckle Sees Q2 Profits Jump 49% on 5.8% Comp Sales Gain
The Buckle, Inc. reported net income for the second quarter of fiscal 2004 increased 48.9% to $5.3 million, or 24 cents per diluted share, compared with $3.6 million, or 17 cents per diluted share, for the second quarter of 2003. Net sales for the period
Callaway Picks Up $2.2 Million Verdict in Dunlop Action
A jury in Wilmington, DE on Thursday returned a verdict of $2.2 million in favor of Callaway Golf Company and against Dunlop Slazenger Group Americas Inc. based on a finding that Dunlop willfully engaged in false advertising when it claimed in 2001 and 20
Mossimo Q2 EPS Cut in Half on Softer Retail Sales
Mossimo, Inc. reported second quarter 2004 net revenues of $6.0 million compared to $6.9 million for the same period last year. MOSS reported net earnings of $1.0 million , or six cents per diluted share, in Q2, compared to net earnings of $1.8 million, o
Bell Sports Acquired by Riddell Parent; Fry to Run Merged Company
Private Equity firm Fenway Partners, Inc. will acquire Bell Sports, owner of the Bell and Giro helmet brands, essentially forming the world’s largest protective headgear and related accessories company, for approximately $240 million. Fenway, which owns f
