Apparel a Bright Spot for adidas-Salomon…
adidas-Salomon saw a sizable gain in its gross margin overshadow sales declines across most regions and brand groups to help the company post a 41% increase in net income for the first quarter of 2004. The company pointed to the impact of foreign currency
Johnson Outdoors Strengthens Marine Equipment Group with Acquisition…
Johnson Outdoors is reinforcing its already strong motors division, now labeled the Marine Electronics division, with the acquisition of Techsonic Industries. The acquisition adds the popular Humminbird brand to Johnson Outdoors' marine electronics
Reebok First FLA Accredited Company…
The board of directors at the Fair Labor Association have named Reebok as the first FLA company to have a program accredited. Reebok’s footwear factories underwent an extensive review process which examined the company’s independent factory monitoring pr
Guru Apologizes to Cervelo…
Last August Cervélo filed suit against Guru Cycles because of an e-mail correspondence between an unnamed customer and a member of the Guru sales team. Apparently, the Guru employee misrepresented some facts about Cervélo with regards to quality and weig
FX Rate Both Curse and Benefit to THC…
Despite a solid sales increase and gains in the gross margin line, The Hockey Company swung to a loss in the first quarter, due primarily to extraordinary expenses and foreign exchange losses on long-term debt…
Germany’s First IPO Since Recession is a Bike Company…
Mitteldeutsche Fahrradwerke, a German bicycle manufacturer plans to launch the country’s first IPO in two years. The company plans to raise €14 million and will be listed on the Frankfurt Stock Exchange…
Schutt Sports Back on Base with the SEC
Schutt Sports, the Official Base Supplier of Major League Baseball, is partnering with the Southeastern Conference for their 2004 baseball and softball tournaments. Now in its sixth year of involvement with the SEC, Schutt supplies on-field products for
Mission Makes a Statement with ITECH…
The parties involved with Mission Hockey and ITECH Sports Products see their announced merge as a perfect fit for two companies playing in the same space with complimentary product offerings. The deal announced last week will see one merged entity surviv
Accell Acquires a Third Parts Distributor
The Accell Group is becoming rather aggressive in their expansion into the bicycle accessories market with the acquisition of a third distributor, the F. van Buuren & Co. B.V. This acquisition gives Accell two Dutch parts distributors with Junker, and F.
Golfsmith Pares Q1 Loss as Comps Jump Almost 24%
Golfsmith International Holdings, Inc. increased net revenues 44% to $65.8 million for the fiscal 2004 first quarter ended April 3 compared with net revenues of $45.8 million in the first quarter of fiscal 2003. Same-store sales increased 23.9% in the qu
Oakley and Ducati Extend Licensing Agreement
Oakley has extended for an additional three years its existing licensing agreement with Ducati Motor Holding S.p.A. and has expanded the scope of the agreement to include five exclusive models of Oakley eyewear. All products covered by the agreement featu
SIA Wins Five Awards for snowlinkjr.com
The SIA was recently awarded five different awards for its newly-launched consumer site, snowlinkjr.com. Both the website and the game, Icebox Maniacs, garnered top recognition nationally and in the Denver area. SIA developed snowlinkjr.com with the Fac
Accell Group Acquires a Third Parts Distributor
Accell Group N.V. has signed a letter of intent for the acquisition of F. van Buuren & Co. B.V., a company trading in bicycle parts and accessories. Following the recent acquisition of Juncker B.V., this new acquisition further strengthens the position of
April Comps Climb 10.0% at Nordstrom
Nordstrom reported preliminary sales of $491.7 million for the four-week period ending May 1, 2004, an increase of 12.4% compared to sales of $437.5 million for the four-week period ending May 3, 2003. Same-store sales increased 10.0%…
Stein Mart April Comps Jump 6.7% on 4.5% Sales Increase
Stein Mart announced net sales in April were up 4.5% to $112.5 million compared to $107.7 million last year. Comp store sales climbed 6.7% for the month. First quareter sales increased 10.8% to $363.6 million compared to $328.2 million in Q1 last year. Q
