Cybex Closes on Lower Cost Financing
Cybex International, Inc. has consummated its previously announced financing with GMAC Commercial Finance. This new facility provides a five-year term loan of $13,000,000 at a floating interest rate (currently approximately 6.5%). The proceeds from the fi
Wolverine Q2 Net Up 18.4% on 8.0% Sales Rise
Wolverine World Wide, Inc. reported second quarter 2004 revenue totaled $198.8 million, an 8.0% increase over second quarter 2003 revenue of $184.0 million. Net income was up 18.4% to $11.0 million, or 27 cents per sahre, compared to $9.3 million, or 23 c
Phoenix Prices Common Stock Offering
Phoenix Footwear Group has priced its public offering of 2.5 million shares of common stock at a price of $12.50 per share. In addition, the Company has granted the underwriters an option to purchase an additional 375,000 shares of common stock at the sam
Life Link Hires New Reps; New Focus on Military
Life-Link Backcountry Travel, has added Allyn Morton and Stephen Perry to the sales force. Allyn Morton will be representing the Southeast Territory for Life-Link. He has been representing various outdoor gear lines for 22 years and is still going strong.
Snow Industry Summit is Ready for Next Year
The Snow Industry Summit, an educational and networking conference that made its debut this past April, is scheduled to be held at Copper Mountain Resort, Colo., March 29 – April 1, 2005. The event is being organized by TransWorld Media, SnowSports Indust
Juraschek and Brown Join Zamberlan
Zamberlan USA has announced the addition of John Juraschek and Robert Brown to their sales team. Juraschek will represent Zamberlan Footwear in WV, NC, SC, GA, FL, TN, and AL while Brown will cover CO, NM, WY, KS and UT…
Veltex to See 25% Sales Growth in 2004
Veltex Corporation announced that net sales in the first quarter of 2004 totaled $10.9 million. Net income in the first quarter totaled $857,306. Yhe company is projecting that total sales in 2004 will exceed $25 million for the full year, up roughly 25%
Play it Again Parent Sees Q2 Profit Dip 4.0% Despite Higher Franchisee Sales
Winmark Corporation, parent company of the Play it Again Sports franchise operation, reported net income for the quarter ended June 26, 2004 of $726,300, or 11 cents per diluted share, compared to net income of $756,400, or 12 cents per diluted share, in
Fleet Feet Honors Vendors and Franchisees
Fleet Feet, Inc. recognized the significant contributions of franchisees, employees, and vendors during its annual National Franchise Conference in Squaw Valley, Calif., July 5-9, 2004. Franchise owners and managers representing some 50 stores as well as
Spira Adds Two Industry Vets to Bolster Product and Sales
Dan Norton has joined Spira as VP of Footwear Development. Norton’s association with Spira dates to 2002 when he began consulting with Spira through his design company, Indever, Inc. Before founding his consulting company in 2000, he served as senior man
Montrail Lands New U.K. and Ireland Sales Agency
Montrail has forged an agreement with Beta Climbing Designs to become the company’s new sales representative for the United Kingdom and Ireland. Starting August 15, 2004, Beta Climbing Designs will take over all Montrail sales and service from Lyon Equipm
U.S. Forest Service to Limit Motorized Vehicle Use…
The U.S. Forest Service has made a proposal that would limit the use of off-highway vehicles in national forests and grasslands to designated roads and areas. The purpose of the proposal is to “enhance recreational opportunities for the public and better
Forzani Disputes Takeover Rumors; Sets Record Straight on Ad Settlement…
The Forzani Group Ltd., Canada’s largest sporting goods chain, found itself trying its case in public last week after settling a Competition Bureau investigation into advertising of sale prices at its Sport Chek and Sport Mart stores. FGL has reportedly
Atomic Brings Sales In-House…
Atomic has decided to change its sales force structure in the Mid-Atlantic and New York regions by forming a corporate Small Business Unit. The ‘SBU’ will be comprised of a Regional Business Director, two Territory Business Managers and a Territory Suppor
Wholesale Sales Report Sees the Recreation Market as a Mixed Bag…
The SGMA released its annual overview of the sporting goods market which analyzes the total wholesale value of shipments from manufacturers in the U.S. marketplace in 2003. According to the SGMA these figures the best estimates based on information colle
