SGB Update Sports & Fitness
Amer Sports Starts 2008 With Tough Quarter…
Amer Sports had another difficult quarter in Q1 as sales declined in the mid-singles due to weakness at Precor and Wilson and a slumping U.S. dollar hurt results for the Finland-based company. The company did however manage to shrink its quarterly loss by
Under Armour Reduces Profit Outlook as High Inventories Cut into Margins…
Under Armour Inc. posted another solid quarter for sales growth, but a sharp increase in marketing expenses and tighter margins cut into profits as net income plunged more than 71% compared to the year-ago period. The company is still struggling with the
Rocky Reaches Settlement in Case Against Former VP…
Rocky Brands, Inc. reached a settlement in its case against a former VP whom the company claims was attempting to copy some of its most popular shoes. The terms of the settlement involving Defendants Glen Bratcher, Westwood Footwear and Accessories LLC, a
Gander Registers 9.8 Million Shares
Gander Mountain Company said it registered 9.8 million shares of its common stock originally sold in two private placement transactions to major investors, both of whom serve on the company's board of directors and said they remain long-term investor
Pro Hockey Life Acquires Entrepôt du Hockey
Pro Hockey Life Sporting Goods Inc., the hockey superstore concept operating under the Sports Gilbert Rousseau and Pro Hockey Life banners, has completed a private financing round to fund the acquisition of Sports L.G.L. Inc. (“LGL”) in Quebec City, as we
Exel Sells Outdoor Business to Karhu
Exel plans to sell the outdoor business of Exel Sports Brands to Karhu Sports, one of the leading Finnish sports equipment manufacturers. Terms were not disclosed. Exel will keep the remaining floorball business and conduct a strategic review of the struc
The SportsOneSource Group Expands Research Capabilities
The SportsOneSource Group has expanded its market research capabilities through the addition of survey and panel data analysis reporting. The new group, led by a new manager of market research analysis, broadens the product and service offerings for the
Deckers Inc. Gets Q1 Boost from UGG; Ups Full Year Forecast…
Deckers Inc. surged past its original forecast in the first quarter as continued demand of the UGG brand was able to offset slight revenue declines at Teva that were attributed to the later spring and a tough retail environment. The $97.5 million achieve
Oakley’s Q1 Sales Up 15%; Sporting Goods Down…
Luxottica Group said Oakley's Q1 revenues jumped 15%, with double-digit revenue growth in optics and apparel, footwear and accessories businesses. Oakley, which was acquired by Luxottica last year, was led by its O Store retail comps climbing close t
Puma’s U.S. Sales Decline in Q1…
Pinault-Printemps-Redoute (PPR) said Puma's sales rose 6.6% in the first quarter ended March 31, to 673 million euros ($1.07 billion). However, sales fell in the Americas due to weakness in the U.S. mall-based business and in footwear…
Golf Sales Climb 8% for Fortune Brands
Fortune Brands reported sales in its golf division rose 8% in the first quarter, to $396.4 million from $367.1 million. Operating income sunk 3.9% to $51.5 million from $53.6 million. Its golf brands include Titleist, Cobra and FootJoy…
New Crocs Footwear Inspired by Disney Hits
Crocs, Inc. and Jibbitz, LLC, a wholly owned subsidiary of Crocs, are launching an a collection of footwear and accessories inspired by the Disney hits, Hannah Montana and High School Musical, and the upcoming Disney Pixar film Wall∙E…
Skechers Posts 11.6% Q1 Net Sales Jump
Skechers USA, Inc. recorded an 11.6% increase in net sales for the first quarter to $384.9 million from $344.9 million for the same period in 2007. Net earnings for the quarter were a record $32.8 million versus net earnings of $23.9 million for the first
Bass Pro Pledges $12 million for WOW Expansion
Bass Pro Shops and its owner, Johnny Morris, have pledged an additional $12 million to pay for the expansion and renovation of Wonders of Wildlife National Fish and Wildlife Museum and Aquarium. That project started last fall and the target is now for the
Native Partners with Recreational Boating and Fishing Foundation
Native Eyewear has entered a partnership with the Recreational Boating and Fishing Foundation to help promote the Anglers Legacy “Take the Pledge” program. This program asks avid anglers to take at least one new person fishing each year and share their p
