Top-Flite Can Use Cash for Lawyers…
Top-Flite Golf Co. received bankruptcy court permission last week to use cash that is collateral for secured debt to fund its Chapter 11 restructuring. The company’s unsecured creditors has challenged the company’s move to use the collateral, contending
Amer Group Gets Hurt by Weaker Golf Sales, Exchange Rates, and Asia Woes …
There are times when it just doesn’t pay to be a division of a corporation in another country, and that may just be the case this last quarter as the Amer Group PLC reported results that were negatively affected by the weaker dollar and a much stronger Eu
Clash of the Titans… The Ongoing Saga Continues…
The speculation of Nike and Foot Locker getting back together may seem logical based on the hit both companies have taken in their respective sales numbers of late, but in its recently filed 10-K report for fiscal 2003 Nike gave no hint that it sees the r
As Nike Inks Another U.K. Soccer Deal…
In other news from Nike, the company has extended its partnership with another major soccer icon as it inked a long-term apparel manufacturing deal with London soccer club Arsenal. The seven-year deal, reportedly worth £55 million ($88.5 million), will r
Marmot Mountain Ltd. Made two big announcements…
Marmot Mountain Ltd. made two big announcements the week before the OR show. First they were awarded the 2003 American Mountain Guides Association Industry award. Tom Fritz, Marmot VP of Marketing, will accept the award from Mike Alkaitis, Executive direc
Specialty Quick Hits
There’s more good news for snow sports; Bogner and Phenix are teaming up; After failing to get EPA approval on its BugAway Ex Officio and Orvis Filanny Get It Right…; Crank Brothers beefs up its U.S., European, and Canadian Distribution; Transcend re-la
Outdoor Industry Vets Found New Sourcing Company
Two prominent veterans in the outdoor and active apparel industry, Jim Heiden and Mike Costa, announced today that they have joined forces to launch InterSource LLC, an international sourcing company specializing in knits and woven apparel…
Grivel Receives ISO 14001 Environmental Certification
Grivel has obtained ISO 14001 certification by the International Organization of Standardization. The certification acknowledges Grivel as a business in compliance with internationally established environmental regulations, and is valid for the 'desi
AAI gives Atlas Guides Choice Award…
Atlas Snowshoe Company received the American Alpine Institute's 2003 “Guides Choice” Award for both its men's and women's snowshoes..
Pacific Sunwear Q2 Net Income Jumps 84%; Sales Up 23%
Pacific Sunwear saw net income for the second quarter of fiscal 2003 increase 84% to $13.4 million, or $.26 per share, basic and diluted, over net income of $7.3 million, or $.15 per share, basic and diluted, for the second quarter of fiscal 2002. Sales
Cutter and Buck Settles SEC Probe; Ex-Execs Charged with Fraud
Cutter & Buck Inc. has finalized its previously announced agreement with the Securities and Exchange Commission (SEC), resolving the Commission's investigation of the company. The agreement provides for Cutter & Buck to comply with the financial repo
Nike Opens Golf RandD Center; June Retail Sales Double
Nike Golf unveils its first full-service and dedicated research & design facility for the development of performance golf clubs and the testing of both golf clubs and golf balls in Fort Worth, Texas. The company alos revealedits latest retail golf sales
Phoenix Completes Trask Acquisition
Phoenix Footwear Group, Inc. has finalized its acquisition of H.S. Trask & Co. Phoenix Footwear had announced the signing of a definitive agreement with H.S. Trask on June 16, 2003. Terms of the acquisition were not disclosed in detail, but the Company
Antigua First Half Sales Off 6.2%; Profits Down 48%
Antigua Enterprises Inc. reported net sales for the first half of 2003 totaled $19.8 million compared to $21.1 million in 2002. Net income for the half was $432,501 compared to $832,489 in 2002. As previously reported, the the company in late April comp
U.S. Ski Areas Break Visits Record in Latest Season
According to the recently-released final 2002/03 Kottke End-of-Season Survey, U.S. ski areas tallied a record 57.6 million skier/snowboarder visits last season. The results post a 0.45% increase over the previous 57.3 million-visit record set in the 2000
