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…
The Hockey Company Acquires t-blade Stake
The Hockey Company has acquired a 33 1/3% ownership stake in t-blade. The remaining shares are owned by Graf Canada Ltd. (33 1/3%) and t-blade GmbH (33 1/3%). Separately, the Company also announced the formation of a European joint venture with t-blade Gm
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
TSA to Re-Launch Vendor Days
The Sports Authority announced the re-launch of a new vendor program. The Sports Authority Vendor Days will allow companies to showcase their new products at the Company's corporate offices in Englewood, Colorado. Vendor Days will be scheduled once
Study Shows Strength of Web/Store Integration
The outlook for using the Internet to research purchases before going to local stores, otherwise known as Web-to- store (W2S) shopping, is stronger than online e-commerce, according to new research released this week. Shopping patterns during the last th
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…
Gerber Enters the LED Market by Acquiring CMG
Gerber has acquired CMG Equipment, LLC. CMG is recognized as a leading manufacturer and marketer of Light Emitting Diode (L.E.D.) -based portable outdoor lighting products. CMG's lights will form the foundation of a complete Gerber L.E.D. Lighting li
K2 Closes WinterQuest facility In CO
K2 Inc. announced plans to discontinue manufacturing and distributing snowshoes from its Grand Junction, Colorado facility effective end of March, 2004. This facility is one of two U.S. plants that manufactures and distributes snowshoes for the recently a
