Acushnet Gains Share in Tough Market…
Fortune Brands’ Acushnet Golf division surprised the parent company and analysts alike last week, reporting a 16% increase in sales to a record $275 million for the third quarter. Operating income increased 32% to $33 million, up 39% before charges…
Cannondale Gets Leaner and Meaner…
Cannondale completed an audit of its manufacturing processes and has decided to lay off 52 of their Bedford, PA employees. This move is intended to make the company more competitive in the U.S. cycling market, where most other manufacturers use less expen
Malden Mills Finally Exits Bankruptcy…
Malden Mills emerged from Chapter 11 bankruptcy protection on Friday and expects to finish the legal proceedings early in the week. A federal bankruptcy judge handed down the decision after months of delays stemming from legal maneuvering by creditors…
Dunlop, Umbro Sales Raise Red Flags…
According to The Times of London , private equity ownership of manufacturers is on the rise in he U.K.. Private investment firms now own £83 billion, or $139.4 billion at current exchange rates, worth of U.K. companies which they will reportedly be tryin
Commerce Dept. Retail Numbers for September Clouded by Slow Auto Sales…
Though at first glance retail sales may appear sluggish due to a slow automotive market, traditional retailers saw better-than-expected sales in September. According to the National Retail Federation (NRF), September retail sales in the GAFS category, whi
Nike Irks the NFL Player’s Association…
It appears that Russell Simmons isn’t the only one mad at Nike these days. Now they have NFLPA president Gene Upshaw riled as well…
Gore Launches Cycling Line…
W.L. Gore has long been known for their line of must-have fabrics in the outdoor industry. Gore-Tex and Windstopper have become the measuring stick for performance fabrics, so why hasn’t the trend caught on in the cycling and running specialty markets?…
While Rodale Commits to Neutrality…
The same lack of Gore technology is evident when one looks at the running market, and in response Gore has licensed the Runners World name from Rodale publishing for its Running line (BOSS_0340). Rodale, the publisher of Runners World Magazine, has seen
JanSport and RMI Join Forces for the Guiding Season
JanSport and Rainier Mountaineering (RMI) have inked a partnership agreement in which JanSport will be the “Official backpack of RMI” for the calendar years 2004 – 2005…
Tango to Manufacture U.S. Olympic Apparel
Tango Inc. has entered into an agreement with Global Manufacturing Group to produce and print garments for the US Olympic Association, up to and including the 100th Anniversary Olympiad in Athens, Greece. Global has been chosen as the exclusive manufactu
Phil Knight Creates Charitable Trust
NIKE, Inc. confirmed Monday that Philip H. Knight, chairman, president and chief executive officer, has contributed 7,000,000 shares of Nike Class B Common Stock to a charitable remainder trust, of which he is a trustee. Knight converted 7 million shares
Delta Apparel Q1 Earnings Fall 67% on Lower Prices
Delta Apparel, Inc. saw net sales of $30.8 million for the quarter ended September 27, 2003, up 6.6% from $28.9 million net sales achieved in the prior year quarter. The higher sales were the result of a 21.3% increase in unit volume, partially offset by
DaKine Re-Launches Website
DAKINE will relaunch its website, www.dakine.com, for the ‘03/04 season. The site has a new design, an updated intuitive navigation system and world-class team rider action photography. The site’s goal is to provide visitors with a unique and user-friend
Keystone Ads Airboarding To Night Programs…
Keystone Resort will be adding an Airboard program at their ski area. Ann-Elise Emerson, who is launching the 2-year-old Swiss product in North America through her company, Emo-Gear, began her snow bodyboarding career out of bounds near Alpine Meadows, Ta
Malden Emerges From Chapter 11; Family Loses Control
Malden Mills Industries, Inc. announced that the Company has successfully emerged from Chapter 11 bankruptcy protection intact with 1,200 employees based in Lawrence, MA, Methuen MA and Hudson, NH. Various secured and unsecured creditors have received a
