SRAM Completes Avid Acquisition
SRAM Corporation is pleased to announce the acquisition of Avid LLC. The acquisition by SRAM marks a major milestone for both SRAM and the Avid brand. “We are excited about the prospects” stated Stan Day, President and CEO of SRAM Corporation…
Spyder Signs on as Austrian Ski Team Sponsor
Spyder Active Sports, a leading technical ski apparel brand, has signed an agreement to be an official supplier to the Austria Ski Team. Spyder will outfit the Alpine team on a long-term basis, including the 2006 Winter Olympics in Torin, Italy. The team
Pre-Trial Ruling In Patent Infringement Case Falls In Johnson Outdoors Favor
JOHNSON OUTDOORS announced a major pre-trial ruling in accordance with the Company’s position in its patent infringement case against Confluence Watersports, owned by American Capital Strategies (ACS). The ruling issued by the Federal District Court in P
Mossimo Sales Up, Income Down
Mossimo reported fourth quarter 2003 revenue increased 15%
to $3.0 million compared to $2.6 million for the same period last year. The Company reported fourth quarter 2003 net earnings of $693,000 compared to net earnings of $5.4 million for the same peri
Bell Canoe Stays Involved and Wins Vendor Award
Bell Canoe Works had a busy year in 2003 with community involvement, sponsorships, and awards. Meanwhile, the rapidly growing canoe and paddlesports accessory company continues construction on its new plant. Bell will move into its new home beginning in A
adidas-Salomon Q4 Net Declines 6.9% on Double-Digit Sales Decrease
adidas-Salomon reported the 2003 fourth quarter sales declined 4% on a currency-neutral basis “mainly as a result of unfavorable comparisons with the prior year period, where sales in North America and at TaylorMade-adidas Golf were particularly strong”.
Veltex to Acquire Embroidery Firm
Veltex Corporation has signed a letter of intent to purchase MKL, Inc., Anaheim, California, in a cash plus stock transaction. MKL, a private company, specializes in embroidery of logos and other designs on caps and garments for the promotional products i
Vail Resorts Reports Record Q2
Vail Resorts announced financial results for Q2 of 2004. Mountain revenue was $201.4 million, a 6.9% increase from $188.4 million for the comparable period last year. Mountain expense increased $3.4 million, or 2.7%, to $126.9 million. Lodging revenue for
Ross McMullin Loses Fight With Cancer
The former chief of the North America business for adidas succumbed to cancer on Monday at his Portland home. John Ross McMullin was just 47 years young.
The former adidas America CEO has bat
180’s Files Suit Against Walgreen’s
180s has filed suit in the United States District Court for the District of Maryland (Baltimore) against Walgreen Co., headquartered in Deerfield, IL, for infringement of a patent directed to the wrap-behind-the-head 180s Ear Warmer…
National Geographic Adventure Appoints New Account Manager…
Brigitte Baron has been appointed account manager of the Northwest region for National Geographic Adventure magazine. Formerly the magazine's New England account manager, Baron is relocating this week from New York to Adventure's Los Angeles off
American Skiing Company Weathers Difficulties at Eastern Resorts
American Skiing Company announced its financial results for its second fiscal quarter and six months ended January 25, 2004. The Company reported improved financial performance at its western resorts that has helped mitigate the impact of challenging wea
Hibbett Posts 36.7% Net Income Gain in Q4
Hibbett Sporting Goods, Inc. reported net income for the fourth fiscal quarter increased 41.3% to $6.5 million compared with $4.6 million in Q4 last year. Earnings per diluted share increased 36.7% to 41 cents from 30 cents in the prior year. Net sales i
Hibbett Names Mickey Newsome Chairman of the Board
Hibbett Sporting Goods, Inc. announced that the Board of Directors has named Mickey Newsome, President and Chief Executive Officer, to serve as Chairman of the Board. John F. Megrue, Jr. is relinquishing his role as Chairman and retiring from the Board, e
Quiksilver Fiscal Q1 Net Up 40% on 33% Sales Gain; Raises 2004 Guidance
Quiksilver, Inc. announced consolidated revenues for the first quarter of fiscal 2004 ended January 31, 2004 increased 33% to $256.1 million compared to $192.1 million for the year-ago period. Consolidated net income for the Q1 increased 40% to $9.2 milli
