Amer Group Sees 2003 Operating Profits Off 30-40%; Sales Flat
Amer Group has issued downward guidance for full year 2003, citing continuous weak demand for sports equipment in the USA. The company pointed out golf equipment sales that have been below expectations. Amer Group's net sales for 2003 as a whole are
Sportsman’s Guide Doubles Q2 Profits on 9% Sales Gain
The Sportsman's Guide, Inc. sales for the second quarter were $38.0 million, an increase over the $34.8 million reported for the same period one year ago. The Company reported net earnings of $646,000, and earnings of $0.12 per fully diluted share f
Luxottica Q2 Retail Comp Stores Sales Off 3.7%
Luxottica Group saw consolidated net sales for the second quarter decline 19.6%, or down 5.2% currency neutral, to €707.0 ($804.0) million verus the year-ago quarter. Consolidated net income for the quarter was €67.7 ($76.99) million and consolidated net
Ross Ups Burlington Bid in Sale Process
Burlington Industries, Inc. announced that the purchase price in its July 25th acquisition agreement with W.L. Ross & Co. LLC had been increased from $608 million to $620.08 million, both subject to various adjustments. The increase resulted from the sale
Wolverine to Acquire Sebago; Forms Outdoor Group
Wolverine World Wide has entered into a letter of intent to acquire the business and select net operating assets of Sebago, Inc. for cash. Additional terms were not disclosed. Sebago will be part of a newly formed outdoor group that will include both Me
Golfsmith Acquires Don Sherwood Golf
As part of its national expansion plan, multi-channel retailer Golfsmith International Inc. has announced the acquisition of San Francisco-based Don Sherwood Golf and Tennis World. The terms of the transaction were not disclosed…
Johnson Outdoors Fiscal Q3 Income Down 20% on Unusual Charges
Johnson Outdoors reported fiscal third quarter sales were $108.5 million compared with $116.7 million in last year's third quarter, while operating profit was $8.9 million compared with $13.0 million. On a continuing business basis and excluding unu
Reebok Taking Share as U.S. Q2 Brand Sales Surge 14%
Reebok International Ltd. reported net sales for the second quarter increased 12%, or about 7% on a currency-neutral basis, to $803 million. Net income for the quarter was $26 million, or $.41 per diluted share, as compared to net income of $25 million
Cybex Swings to Q2 Profit on 17.2% Sales Gain
Cybex International, Inc. reported net sales for the quarter ended June 28, 2003 were $21.1 million versus $18.0 million for the comparable 2002 period. The net profit for the quarter ended June 28, 2003 was $183,000, or $0.02 per diluted share, compared
MLB Opens New Office in Tokyo…
In response to the ever-increasing popularity of Major League Baseball in Japan and throughout Asia, Major League Baseball International will open a regional office in Tokyo on Aug. 1. The Tokyo office will be the third regional office created to support
Lotto Gives License to Kanematsu Textiles
Lotto Sport Italia will have a new partner for Japan as of January 1st 2004 – Kanematsu Textile Corporation. The licensing contract will have a 3-year duration (01 January 2004 – 31 December 2006) and will be valid throughout Japan…
Tecnica Finalizes Rollerblade Buyout
Rollerblade's sale from Benetton to Tecnica Group S.p.A. has been finalized. Rollerblade joins global sporting goods brands including Tecnica, Dolomite, Lowa, Marker, Nitro, and Nordica. In the new structure, Rollerblade will operate as a stand-alon
K2 Inc. Sees Q2 Net Income Up 52% on 27% Sales Increase
K2 Inc. reported that net sales for the second quarter ended June 30, 2003 increased 27.0% to $199.7 million from $157.2 million in the 2002 second quarter. Net income was $5.8 million and diluted EPS was $0.19, including $0.03 per share relating to a ga
NPD Reports Private Label Apparel Sales Up in A Down Market
While overall apparel sales have been down for the last four years, private label sales have increased five percent over the last five years, according to leading market information company The NPD Group, Inc. A key reason for this growth is that retaile
Paul Dudek Joins FILA as VP of Global Integration
In a continuing effort to develop their management team and streamline business practices, Sport Brands International CEO Jon Epstein has named Paul Dudek as VP Business Integration for the company…
