Giuliani Partners Invests in CamelBak
Giuliani Partners announced that it is becoming a strategic investor in CamelBak Products. According to Giulliani Partners, “CamelBak has developed a superior product with applications that extend well beyond the sports and recreation market into the real
Forzani Cuts Full Year Earnings Forecast; Sees Q1 Momentum
The Forzani Group Ltd. reported that net earnings for the fourth quarter will be between C$0.46 and C$0.48 per share versus C$0.43 per share in the prior year. The company has revised its earnings guidance for the year ended February 1, 2004 to between C
BackcountryStore.com Reports Seventh Year of Triple Digit Sales Increases
BackcountryStore.com reported record sales for 2003, with an increase of 134% year-over-year versus 2002. The increase is the 7th year in a row of triple digit growth for the company. In addition, the fourth quarter of 2003 was BackcountryStore.com’s bigg
Deckers Diversifies Brand Portfolio as Ugg Gains Strength…
Deckers Outdoor Corporation is going to sell about 1.5 million additional DECK shares into the market on top of roughly two million shares that will be sold by company management and board members, including chairman and CEO Doug Otto. The proceeds from
REI 2003 Net Up 17%; Sales Up 9.5%…
REI reported that operating income for full year 2003 increased over 17% to “more than” $56 million from $47.6 million in 2002. The co-op posted $19.1 million in net income – an increase of more than $3 million or around 19% from the previous year…
Famous Footwear Banks on Athletic for 2004 Growth…
Famous Footwear president Joe Wood said growth in the women’s business in the fourth quarter was offset by the challenges in the Athletic Footwear business. Wood pointed to price compression across the industry that impacted prices “to the tune of about
FUBU Parent Goes Euro in Kappa Deal…
As the liquidation of the assets of the former Reda Sports company continues, Basicnet S.p.A, the Italian firm that owns the Kappa and Robe di Kappa trademarks has found a new partner in the U.S. to carry on the Kappa name as a licensee. While Reda posit
YY to Put $90mm into Apparel Moves…
Yue Yuen Industrial Holdings Ltd, which is the world’s largest maker of athletic footwear, will apparently put its money where its mouth is in regard to pushing deeper into apparel manufacturing as well. The company last week said it had set aside $80 mi
VF Outdoor Get New Chief; Lay Gets All Jeanswear Businesses…
VF Corporation shuffled the deck in the executive suite last week, moving around the deck chairs in efforts to match up their business units under umbrellas that make sense. The Outdoor Coalition, which includes the Eastpak, Jansport and The North Face b
Rebel Cashes In on Rugby World Cup
Rebel sport finished their first half on a positive note, posting an 8.1% sales increase from A$143.6 million ($78.1 mm) to A$155.2 million ($101.0 mm). The company was both helped and hurt from the rugby world cup taking place in Australia, as sales rela
Rocky Posts Record Year in 2003…
Rocky Shoes and Boots used its new apparel, extended footwear line, and the acquisition of Gates Gloves to post a 14.2% increase in sales for the fourth quarter of 2003, from $25.6 million in 2002 to $29.2 million this year. Net income increased 34.1% in
CW-X Brings in New Rep Force
The Wacoal Sports Science Corporation, makers
of CW-X, have hired several new independent sales groups and sales representatives, expanding coverage to 46 states. The company now works with a total of 23 representatives from 10 rep
groups around the na
Exercise Equipment Pushes 2003 U.S. Exports into the Black…
According to a report compiled by SGMA International based on U.S. Commerce Department data, U.S. exports of Sporting Goods products actually inched up 0.9% last year to $1.84 billion from $1.82 billion in 2002. The export number had declined 7.2% in 200
Read Worth Joins Amerex
Amerex Group announced that Read Worth has joined the organization as Vice President of Gerry Sportswear Group. Prior to joining Amerex Group, Worth served as President of Windsong Outdoor. As Vice President of Gerry, Worth will be responsible for growin
Mugs Stump Alpine Climbing Award Winners Announced for 2004
Black Diamond Equipment announced the winners of the
Mugs Stump Award for 2004. Given annually to climbers attempting alpine climbing objectives that exemplify fast, light and clean tactics, the awards are a tribute to the late Mugs Stump, one of North Am
