Kona Named Official Bike Supplier of Whistler… Again
The Kona Bicycle Company will once again be the official bike supplier of the Whistler Mountain Bike Park (WMBP), the world’s number one mountain bike resort destination. The formalization of the 2004 relationship marks the 5th year the two companies have
New Harris Poll Finds Internet Use is Changing
A new Harris Poll finds that the Internet continues to become more useful and more used. While the total
Internet population is rising more slowly than it was in the late 90s, the proportion of those with broadband is rising much faster (Harris Poll of Ja
MandA Group Sees Continued Industry Consolidation
Mergers and consolidations will continue to shrink the number of players in the $40 billion global sporting goods industry in 2004. That's the forecast of The Mercanti Group, a boutique investment banking firm that served as the advisor to K2, Inc. i
Nike to Replace adidas as U.S. Olympic Sponsor
Nike has signed as an official sponsor and licensee of the 2006 and 2008 U.S. Olympic and Paralympic Teams, as announced by the U.S. Olympic Committee. The partnership with Nike will officially begin in January 2005. For the first-time, U.S. Olympic and P
Amerex to License akademiks Brand for Ourterwear
Amerex Group Inc. has entered into a licensing partnership with Kemestre 8 dba Akademiks to manufacture a new line of outerwear for Akademiks men’s and akdmks ladies and girls. The first preview of the new Akademiks men’s and akdmks ladies and girls oute
Unifi Reports $9.2 million Net Loss
Unifi released operating results for Q2 of fiscal year 2004. The Company reported a net loss of $9.2 million or 18 cents per share, which compares to a net loss of $2.2 million or 4 cents per share for the prior Q2. The Company also reported a net loss of
Kestrel Lands New Japanese Distributor
Kestrel Bicycles has inked a deal with Aki Corporation, Ltd., making them Kestrel's new exclusive distributor for Japan.
Skechers Licenses Name for Childrens Socks
SKECHERS announced that United Legwear, Co. has been named the licensee for SKECHERS Kids-branded socks in the United States and Canada. SKECHERS Kids' sock agreement follows on the heels of the Fall 2003 launch of SKECHERS children's apparel wi
K2 Completes Fotoball Stock Exchange
K2 Inc. announced that, pursuant to its previously announced offer to exchange each share of Fotoball USA, Inc. common stock for 0.2757 of a share of K2 common stock, K2 has accepted for exchange all shares of Fotoball USA common stock tendered as of the
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
Torpedo Sports Files Delayed 10-K and 10-Q
Torpedo Sports USA reported net sales of $6,075,549 and a net loss of $(3,458,072) for the year ended July 31, 2003 as compared to net sales of $8,209,400 and net income of $280,356 for the year ended July 31, 2002. For the first quarter ended October 31
ICON Fiscal Q2 Net Income Up 12.4% on Stronger CV and Strength Sales
ICON Health & Fitness is reporting that net sales for the second quarter of fiscal 2004 ended November 29, 2003 increased $13.4%, to $331.8 million from $292.7 million in the comparable period in 2003. Sales of cardiovascular and other equipment increased
Precor Goes with Strength…
Precor expanded its reach into the strength category with the acquisition of Fitness Products International for $11.8 million. Further details and terms were not released by the company. FPI markets a range of products in the strength training category un
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…
