SGB Update Sports & Fitness
LaCrosse Posts Positive Year Despite Slower Q4…
LaCrosse Footwear, Inc. saw slowing sales in the fourth quarter, leaving the company with 23% more inventory at the end of the year than a year earlier. But the company said subsequent cold weather had cleaned out most retailers' inventory and it di
Nautilus Cancels Acquisition of China Factory…
Nautilus Inc. canceled plans to buy its largest contract manufacturer in Xiamen, China. In a filing with the SEC, the company said it would likely have to forfeit the $18.5 million non-refundable deposit paid to Land America Health & Fitness Co. as part o
Sport Supply Group Returns to Profitability in Fiscal Second Quarter…
Sport Supply Group, the entity formed with the merger of Collegiate Pacific and the former Sport Supply Group, reported last week that fiscal second quarter revenues rose 9.5% to $54 million from $49 million in the prior-year period. The bottom line for
Unifi Halves Fiscal Q2 Loss…
Polyester yarn maker Unifi Inc., whose Repreve recycled polyester has become a major staple of sustainable apparel in the outdoor industry, said it cut its second-quarter losses 57% on a 17% increase in net sales…
Spyder Acquires Cloudveil…
Spyder Active Sports, Inc. has acquired Cloudveil Mountain Works, Inc. Terms of the deal were not disclosed. Under the agreement, Cloudveil will remain a separate brand entity and operate as a wholly owned, independent division of Spyder Active Sports. Cl
L.L. Bean Seeks New Ad Agency
L.L. Bean has placed creative duties on its $40 million advertising account into review, according to adage.com. L.L. Bean currently does not have a creative agency of record and has been farming out work to agencies on a project basis. Its media agency
Feetures! Honors Reps with Annual Awards
Feetures! performance socks honored its “Top Sales Reps of 2007” during its annual sales meeting at the Outdoor Retailer Show on January 24, 2008. Adam Gossett picked up the indiviudal award and Larry Hartford and the hartford sales group won the Agency
Hanesbrands Sales Up 2.4% in Q4
Hanesbrands Inc. ended its first year as an independent company by more that doubling its diluted earnings pe share. Excluding extraordinary actions, the apparel company said its diluted earnings per share increased 31 percent in the quarter to 38 cents a
HEAD Teams With 3point5 on Pro Deals
HEAD has partnered with retail training company 3point5.com to administer pro deal programs at specialty retailers. The partership induces Pros at HEAD retailers to study HEAD products on 3point5.com and take online tests to earn points which can be redee
Adidas to Buy Back 5% of Shares
Adidas AG launched a share buyback program of up to 5% of the company’s stock (up to 10,182,248 shares) effective immediately. At current market prices, the program represents an aggregate purchase price of up to € 420 million. Adidas AG intends to cancel
PacSun To Reduce Sneaker Sales
Pacific Sunwear has decided to reduce its dependence on the sneaker portion of its footwear business, but plans to continue to sell sandals, slippers and certain sneaker categories, it said. The company said the transition is expected to occur throughout
LaCrosse Footwear Q4 Profits Rise 8%
LaCrosse Footwear, Inc. reported Q4 sales reached $32.7 million, up 3% from $31.7 million in the fourth quarter of 2006. Net income was $2.4 million or 38 cents per share, up 8% from $2.2 million, or 36 cents, a year ago…
Cabela’s Runs Short of Street Q4 Estimates; Will Slow Expansion Plans
Cabela’s Inc. missed its sales plan for the fourth quarter, blaming a difficult retail climate. CAB plans “to significantly slow retail expansion and focus on improving the profitability of its existing operations.” CAB expects to report a 13.9% increase
University of Wisconsin-Madison Cancels New Era Contract
The University of Wisconsin-Madison has canceled a licensing contract with New Era Cap Co., citing allegations of discrimination and anti-union activity at one of its factories in Alabama. The company had made Wisconsin knit caps under the license…
Kellwood Names New CMO
George Sokolowski was named corporate vice president strategy and chief marketing officer by the Kellwood Company board of directors on January 25, 2008, according to Robert C. Skinner Jr., chairman,
president and chief executive officer of Kellwood.
