SGB Update

adidas Admits to U.S. Missteps, Looks to Future…

As is any twelve-step process to recovery, it’s important first to admit that you have a problem. adidas-Salomon management believes they know what they need to do to fix the weakened U.S. adidas brand business, including a major branding campaign and a

Johnson Outdoors Pre-Warns on Fiscal Year Earnings

Johnson Outdoors Inc. announced it anticipates its fiscal year 2003 earnings per diluted share to be in the range of $0.60 – $0.63 (pending completion of the audit of the Company's financial statements). The earnings range reflects a projected fourth

LaCrosse Repositioning in Full Swing…

LaCrosse Footwear, Inc. continued its move to reposition the company away from higher volume/lower margin sales to a long-term strategy of delivering more innovative product to their retail channel, including the addition of more lifestyle product. Stron

Zwerner Resigns from Perry Ellis Board

Perry Ellis International Inc. announced that its board of directors has accepted the resignation of director Allan Zwerner and it is looking to fill the vacancy with an independent outside director. Mr. Zwerner has accepted a position as president of Tom

Airwalk on the Auction Block…

In documents obtained by Sports Executive Weekly last week, it was revealed that Airwalk International, LLC has seen its banker — and largest secured creditor — take foreclosure action against the company in an effort to recoup its losses…

Sport Chalet Has Largest Gain in Years…

Sport Chalet posted its highest comp store sales gain since fiscal fourth quarter of 2001 when it reported an 11.3% comp store gain, and the first Q2 positive gain in three years as it capitalized on the growth in newer stores to show a nice 3.7% gain in

SIA Launches Four New Consumer Websites

SnowSports Industries America (SIA) announces the launch of a new and ground-breaking consumer suite of websites designed to educate and entertain current and potential snow sport's consumers. Thesnowlab.com suite consists of 4 unique sites: snowlink

Bear Stearns Reveals the Real Skinny on the CamelBak Deal…

In a story first reported in SEW’s sister publication, The B.O.S.S. Report last Monday, Bear Stearns Merchant Banking confirmed Thursday that they have purchased CamelBak Products, Inc. from Kransco Group owner John Bowes’ family in a $210 million all-cas

Emu Australia Forms Canadian Subsidiary

Emu Australia has announced the company will be taking over Canadian operations under the newly formed company, Emu Ridge Australia (Canada), Ltd. (ERAC). The globally
distributed brand, which currently has headquarters in Geelong, Australia and San Cl

Hockey Co. Sees Tough U.S. Market…

The Hockey Company Holdings, parent of the CCM, JOFA and KOHO brands, rode stronger equipment sales and some foreign exchange rate gains to higher earnings for the third quarter ended September 30, 2003. The new Canadian holding company reports figures i

Karhu to Distribute Exel Oyj Nordic Walking Poles

Executives from Karhu and Exel Oyj Finland announced that Karhu has been awarded the exclusive rights to distribute Exel's line of Nordic Walking poles in North America. The
agreement is effective immediately…

Hall of Fame to Honor Three More…

The Sporting Goods Industry Hall of Fame has selected Jim Chick, Phil Knight and Jerry Turner as the three newest members of the industry’s most exclusive club. The induction ceremonies will be conducted at the NSGA’s Annual Management Conference & Team

X-Sports Adds Manager of OEM Sales

X-Sports has named industry veteran Jim Vincent, Jr. its Manager of OEM Sales, domestic and international. He brings to X-Sports more than 12 years of golf industry experience in product marketing and manufacturing. X-Sports has also hired Caniford and

Everyone’s Got the Outdoor Retail Bug…

Sportsman’s Warehouse of Midvale, UT is planning to open 30 stores in 12 states by the end of next year. This aggressive growth strategy will almost triple the current square footage of the company – bringing it to 48 storefronts from 18 currently…