North America, Exchange Rates Hurt adidas-Salomon H1
adidas-Salomon reported that second quarter net sales grew 3.0% on a currency-neutral basis with a positive performance at all brands. However, reported Group sales actually decreased 8% from €1.5($1.7) billion in 2002 to €1.4 ($1.6) billion in 2003. Cur
Accell Group Completes Purchase of Tunturi
Accell Group N.V. announces that the company finalized the earlier announced acquisition of the Finnish Tunturi. The transaction involved the acquisition of all issued shares, and is financed out of Accell Group's own reserves. Accell Group has now g
Crank Brothers Improves Distribution Strategy
Crank Brothers announces some major changes to their global distribution. These changes are part of ongoing adjustments the Company is making to best serve the global Independant Bike Dealer network. General Manager, Andrew Herrick said, “This gives us th
Hockey Company Looks to Skates in Q2 as Apparel Slips
The Hockey Company Holdings Inc. announced net sales for the three months ended June 30, 2003 were $52.3 million, an increase of $7.7 million or 17.4% over the same period of the prior year. Net income amounted to $4.4 million or $0.54 per share compared
Columbia Inks Equipment Licensee Deal
Columbia Sportswear Company has signed a license agreement with NorthPole LLC for the design, manufacture and marketing of camping tents, sleeping bags and innovative screened gazebos. The collection will debut in a select number of sporting goods stores
Amer Group Q2 Profits Narrow on Slower Racquet and Golf Businesses
Amer Group is reporting that net sales for the second quarter of 2003 decreased 4.2% to €251.8 ($286.3) million compared to €262.8 ($241.7) million in the year-ago period. Sales of golf equipment in particular were slower than expected. Foreign exchange
Marmot Receives 2003 AMGA Award
Marmot Mountain Ltd. is the 2003 recipient of the American Mountain Guides Association's Industry Award. AMGA Executive Director Mike Alkaitis will present the award to Tom Fritz of Marmot at this year's Summer Market Outdoor Retailer Show…
Marmot Mountain Acquires Marker Apparel Licensee
Marmot Mountain, Ltd. announced the acquisition of Marker, Ltd. Terms of the acquisition were not disclosed. Marker, Ltd. is the international apparel licensee of the well-known binding manufacturer, Marker International, GmbH, of Zug, Switzerland and wa
Forrester Research Sees Online Sales 10% of Total Retail by 2008
While offline retail sales continue to struggle, online retail will grow at a steady 19% year-over-year growth rate, from $95.7 billion in 2003 to $229.9 billion in 2008, according to a new report from Forrester Research, Inc. Most significant, Forrester
Acquisitions Push Escalade’s Q2 Sales Up 55%
Escalade, Incorporated net sales in the second quarter increased 55% to $49.8 million and for the first half increased 59% to $78.9 million when compared the the same periods last year. Sporting goods sales increased 13% to $26.4 million due mainly to the
ICON Granted Stay in Crossbow Ruling
ICON Health & Fitness announced that this morning, the Federal Circuit Court of Appeals in Washington, D.C. stayed the injunction issued by the U.S. District Court in Seattle. The injunction, which would have prevented ICON from using the mark “CrossBow
adidas Signs Garnett to Lifetime Deal
adidas has signed six-time NBA All-Star Kevin Garnett of the Minnesota Timberwolves to a lifetime endorsement deal. Along with the reigning two-time MVP, Tim Duncan, and the reigning NBA scoring champion, Tracy McGrady, Garnett gives adidas three of the f
Russell Beats the Street — Again…
Russell Corporation beat street earnings expectations for the seventh straight quarter last week, posting net income of $4.7 million, or 20 cents per share, compared to a loss of $6.1 million, or 19 cents per share in the year-ago quarter. Excluding char
K2 Gets the Checkbook Out — Again…
The latest deal to snag Worth Inc., which expands the K2 stable to 16 brands, is a strong complement to the April purchase of Rawlings. Worth should benefit quickly from K2’s manufacturing capabilities, while K2 benefits from Worth’s bat-making prowess..
K-Swiss Looking at $400mm For Year…
K-Swiss Inc. saw shares increase 5.4% for the week to close at $37.12 on Friday after the company posted second quarter net income that more than doubled from a year ago and beat the street’s consensus earnings estimate of 65 cents a share. KSWS also rai
