SGB Update Sports & Fitness
Dorel Acquires Gemini Bicycles
Dorel Industries has acquired assets of Sydney-based Gemini Bicycles for US $2.2 million. The business will become part of Dorel's Cycling Sports Group (CSG)…
Small Outdoor Business Owners Pessimistic About Economic Recovery
In a survey released today by Outdoor Industry Association (OIA), small businesses reported their revenue expectations for 2009 continue to fall and employment indicators continue to decline. Bottom line: Outdoor businesses have a more negative view abo
Sportsman’s Warehouse to Emerge from Bankruptcy
Sportsman’s Warehouse, Inc. announced that the U.S. Bankruptcy Court for the District of Delaware has confirmed its Plan of Reorganization sponsored by an affiliate of Seidler Equity Partners, a private equity firm based in Southern California. The compan
Converse Nears $1 Billion Mark; Other Nike 10-K Notes
Converse widened its gap over the other brands in the Nike, Inc. subsidiary portfolio for the fiscal year ended May 31 and looks to be poised to reach the billion dollar mark in the current year. Converse posted a 12.6% increase in revenues for the fisca
PPR: Puma Second Quarter Sales Rise 4.4%
Puma AG's sales rose 4.4% to €595 million ($810 million) during the second quarter on a reported basis, according to the quarterly report of its parent, French-based luxury and retail conglomerate PPR SA. Operating income was flat for the period ver
Columbia Exceeds Guidance in Second Quarter; Mountain Hardwear Sales Slip
Overall, the second quarter for Columbia Sportswear came in better than the outlook the company provided in April due to a smaller decline in net sales than anticipated,along with diligent expense management and the favorable effect of cost control measur
Warne Scopes Mounts Announces Purchase of Bold Ideas
Warne Manufacturing, manufacturer of steel scope rings and bases as well as OEM components and assemblies for other companies, announced the acquisition of the aluminum products manufacturing facility Bold Ideas…
Golfmith’s Earnings Slide 21% in Second Quarter
Golfsmith International Holdings, Inc. reported second quarter revenues slid 11.7% to $114.8 million from $130.0 million a year earlier. The decline reflects 9.5% decrease in comparable store sales and a 28% tumble in revenues from its direct-to-consumer
Outdoor Retailer Show Sees Decline in Attendance
Outdoor Retailer said it “did see a dip in overall attendance” at its recent Summer Market show but the event still tallied more than 18,000 overall attendees (approx. 5,000 buyers)…
OIWC Seeks Nominations for Female Bike Industry Leadership
The Outdoor Industries Women’s Coalition (OIWC) is accepting nominations for the 2009 bike industry Pioneering Woman and First Ascents awards…
Profits at Steve Madden Jumps 59.1%
Steve Madden reported second quarter net sales increased 6.5% to $116.5 million. Net income jumped 59.1% to $12.1 million, or 66 cents a share, from $7.6 million, or 43 cents, a year ago…
OIA Board Members Urge Paddlesports Industry to Cooperate
At the Outdoor Retailer summer market show last week, Canoe & Kayak Magazine announced the 2010 launch of a new paddlesports-specific tradeshow in Minneapolis. A group of current and past OIA board members recently sent an open letter to the paddlesports
Cybex Retains Buffalo Communications to Publicize
Cybex International, Inc., manufacturer of premium exercise equipment for the commercial and consumer markets, has retained Vienna, Virginia-based Buffalo Communications (Buffalo) to provide publicity and media-relations services…
Head Sees 10% Decline in First Half Sales
Head N.V. said that for the first six months of the year, it expects net revenues at constant currency to be up to 10% below those achieved in the first six months of 2008…
SGMA: About Half of America Population Physically Active
While more than 170 million Americans are active in a fitness, team sports, recreational, or outdoor endeavor, nearly 45 million are only casually active and more than 60 million Americans are not active at all, according to the Sporting Goods Manufacture
