Vans Unloading Skateparks, But Inventory Builds on Weaker Sales…
VANS shares jumped more than 7% on Friday, recovering a bit to show a 5.2% decline for the week after the company announced fiscal 2003 fourth quarter results that included a $10.5 million pre-tax charge for the termination of a number of skatepark leases
Fleet Feet Awards Lifetime Achievement Honor to Runner’s World Founder…
At the Fleet Feet National Retail conference held in Boston last week, George Hirsch, founder of Runner's World Magazine, was awarded the Fleet Feet Lifetime Commitment to Running Award…
Timberland Falls on Back Half Caution…
Timberland matched analysts’ estimates for the second quarter, helped by strong sales of hiking boots and outdoor apparel, but sounded a cautionary tone about the company’s second half prospects…
New Brands Keep Huffy Alive…
Huffy Corporation chairman and CEO Don Graber pointed to the Gen-X acquisition and new customers in its service business as the key drivers for the sales and earnings growth for the second quarter. That left little positive for the company’s bike and tea
Get Your Paper, Read All About It, Cloudy Weather Impacts Oakley Second Quarter…
CEO Jim Jannard on the conference call with analysts following the company’s release of second quarter results as he read weather-related newspaper headline after newspaper headline from around the country…
Callaway Jumps on Positive Outlook and Potential Upside in Top-Flite Deal…
Callaway Golf easily beat Wall Street earnings estimates for the second quarter as profits declined 8.0% and sales dipped 4.1% for the period ended June 30, 2003. Analysts challenged the company’s management on how they might provide better guidance afte
…As adidas Throws Its Hat in the Ring…
Callaway CEO Ron Drapeau said Thursday that the Top-Flite acquisition is the “preferred solution to help eliminate the losses in the ELY ball business, but “not the only option”. He may have to look at those other options if adidas is able to convince th
…Trying to Play Catch Up with Nike…
The proposed adidas-Salomon acquisition of Top-Flite will do little to further the intentions spelled out by the company’s CEO, Herbert Hainer, in comments to the German magazine, Der Spiegel…
The Allegheny Trail Company will be Blair Corp.’s newest brand
The Allegheny Trail Company will be Blair Corp.’s newest brand, targeting the outdoor apparel wholesale market. The Warren, PA-based company says that ATC will offer an entry-level line of apparel basics, including polo’s, tanks, cargo pants, and fleece
Great Trango Holdings Has Added Four Key Players
Great Trango Holdings Has Added Four Key Players for the new season in addition to shuffling around a few of their existing team…
JOUT Q3 Earnings Slip
Johnson Outdoors on Thursday Told Investors they could anticipate Q3 earnings to be in the 57 cents to 61 cents per share range, off from the 78 cents earned in the year-ago period…
Confluence Surges In Spite of Compet-itor Promotional Deals…
Confluence Watersports has hired 41 new employees, bringing their total workforce to 217 people. In an exclusive interview with SPORTS EXECUTIVE WEEKLY, Kelley Woolsey, Confluence VP of Sales and Marketing, said these new employees are long overdue…
Pegasus Appoints New Cannondale COO.
John Doer has come aboard as Cannondale’s Chief Operating Officer. The former VP of Supply Chain Management at Bell Sports has a solid background in the Cycling industry with a successful tenure at the helmet company…
Bike Imports Fall; May Specialty Up…
The National Sporting Goods Association is reporting that bicycle imports fell to 3.5 million units in the first quarter of 2003, 13% fewer than in the same quarter last year, according to U.S. Department of Commerce data. The sporting goods retail trade
Galyans Appoints New President and COO
Galyan's appointed Edwin J. Holman as President and Chief Operating Officer of the Company. Mr. Holman will be responsible for Finance, Operations, Systems, Planning and Allocation, Stores and Culture. Real Estate, Legal, Store Planning and Construct
