Johnson Outdoors Awarded Another Military Contract
Johnson Outdoors has been awarded a five-year contract for the Expanded Soldier Crew Tent (ESCT) by the U.S. military. The new government contract calls for annual orders of the seven-man all-weather tent, which provides billeting for combat vehicle crew
Torpedo Sports Files Delayed 10-K and 10-Q
Torpedo Sports USA reported net sales of $6,075,549 and a net loss of $(3,458,072) for the year ended July 31, 2003 as compared to net sales of $8,209,400 and net income of $280,356 for the year ended July 31, 2002. For the first quarter ended October 31
ICON Fiscal Q2 Net Income Up 12.4% on Stronger CV and Strength Sales
ICON Health & Fitness is reporting that net sales for the second quarter of fiscal 2004 ended November 29, 2003 increased $13.4%, to $331.8 million from $292.7 million in the comparable period in 2003. Sales of cardiovascular and other equipment increased
Super Show 2004: Woulda, Coulda, Shoulda…
The weather in Orlando turned warmer just as the 19th annual gathering of the sporting goods industry known as The Super Show got under way. The move to Florida was expected to signal a new chapter in the saga of the now well-traveled show, but the event
New Footstar CEO May Shed Athletic Division as Just for Feet Drags Down Results…
There is a humorous story, believe it or not, about the auction proceedings for the assets of the former Just for Feet company a few years ago. When Footstar Inc. prevailed in the bidding process, someone asked Bob Tucker, founder and CEO of Shoe Show In
Footstar Athletic Has Surprise Q4 Dip…
Expectations were a bit higher for Footstar’s Athletic division to post improved comp store sales results for Q4 due to increased allocations of Nike marquee product that drove such strong results at cross mall competitor The Finish Line. A resurgent Foo
Stride Rite Sees Keds Changes as Unit Drags on Fiscal Q4, Full Year Results…
Stride Rite Corporation was able to cut its fiscal fourth quarter loss in half and post a mid single digit gain in profits for the year even as it relies more heavily on owned-retail sales for its flagship brand…
Yue Yuen Looks Ahead to Apparel Opp…
Yue Yuen Industrial Holdings announced better than expected earnings and sales as net profit for the year ended September 30, 2003 jumped 34.8% to $308.2 million, up from $228.6 million last year and beating analysts’ expectations of $302.2 million…
Head Makes Major Cost Cutting Moves…
After reporting large sales gains in the Winter Sports division in Q3, Head NV is saying that Q4 numbers are coming in even stronger. For the two months ending November 30th, Head saw total sales rise 15.6% to $115.5 million. According to the company, a m
Oakley Embarks on Global Strategy…
Oakley launched an international expansion campaign starting with an O-Store in Santiago, Chile. The store was opened and is operated under a licensing agreement with Racing Ltda., Oakley’s exclusive distributor in Chile. Oakley management did not release
Precor Goes with Strength…
Precor expanded its reach into the strength category with the acquisition of Fitness Products International for $11.8 million. Further details and terms were not released by the company. FPI markets a range of products in the strength training category un
K2 Pulls the Plug on Grand Junction
Atlas, Tubbs, and Little Bear snowshoes are moving their production to China. K2 Inc., which acquired the brands in October, made the decision to close a plant in Grand Junction, CO and shift production to its own 1.3 million sq. ft. facility in Guangzho
Wal-Mart in More Labor Trouble
The United Food and Commercial Workers Union (UFCW) in Las Vegas, Nevada has brought charges against Wal-Mart, stating that the company has illegally intimidated, harassed, and retaliated against workers organizing under the union’s umbrella…
Good News Overshadows Bad as Earnings Season Approaches…
“Tis the season for investor conferences as analysts look for something, anything, that will give them an edge as most industry vendors close their calendar year and retailers finish up their 2003 sales cycle. The last week saw the Super Show Financial D
Cloudveil Posts 79% Revenue Growth
Cloudveil has reported 79% total revenue growth for
2003. Gross margin increased by 4%, and Cloudveil gained 25% growth in
retail storefronts in 2003…
