SGB Update Sports & Fitness
RECALL: Dahon/REI Novara Folding Bicycles
About 11,500 Dahon and REI Novara folding bicycles have been recalled because the hinge on the handlepost can crack, posing a fall hazard. There have been 25 reports of the bicycle's handlepost hinge cracking, including one minor injury involving scr
Dorel Sees Rec/Leisure Division Q1 Profits Slide on Mass Declines
Dorel Industries Inc. revenues in its Recreational/Leisure division rose 14.9% to $161.4 million from $140.5 million in the year-ago period. Operating earnings declined 32.6% to $10.0 million from $14.8 million a year ago…
Cost Reductions Lift Q2 Profits for Johnson Outdoors
Johnson Outdoors Inc. said second-quarter sales fell 12.5% to $106.6 million compared to $121.8 million in the prior year period. Net income from continuing operations of $2.5 million, or 27 cents a share, marked a threefold-improvement over net income of
K-Swiss Posts Q1 Loss on Continued Sales Declines
K-Swiss Inc. posted a net loss was $1.1 million, or 3 cents per diluted share, for the first quarter ended March 31, compared with net earnings of $7.1 million, or 20 cents per diluted share, in the prior-year period. Total worldwide revenues decreased 24
Stein Mart April Comps Fall 14.6%
Stein Mart, Inc. said total sales for April were $100.2 million, a 14.6% decline from last year's sales of $117.4 million. Comparable store sales for the period were down 12.3%…
Outdoor Research Adds Mahoney as Sales Director
Outdoor Research hired Dave Mahoney as director of sales, US West. Mahoney comes to Outdoor Research from Cloudveil, where he was Outdoor Sales Manager…
Target April Comps Remain Steady
Target Corporation said net retail sales for the four weeks ended May 2, 2009 were $4.45 billion, an increase of 4.5% from $4.25 billion for the four weeks ended May 3, 2008. On this same basis, April comparable-store sales increased 0.3%…
Nike to Close San Jose, CA Store
Nike Inc. plans to close its store at Westfield Valley Fair shopping center in San Jose, CA on May 17, according to various media sources. The 5,000-square-foot location opened in June 2005…
Crocs Q1 Sales Drop; Net Loss Widens
Crocs, Inc. reported 2009 first quarter revenue was $134.9 million, down 32% from $198.5 million in the year ago period. The company reported a net loss of $22.4 million in the first quarter of 2009 with a diluted loss per share of 27 cents compared to a
Tubbs Snowshoes, Atlas Snow-Shoe Company Name Verde PR Agency of Record
Tubbs Snowshoes, a winter adventure brand founded in Maine in 1906, and Atlas, a technical-based snowshoe company founded in the Bay Area in 1990, together comprise the leading names in snowshoeing. Both brands will use their leadership positions in the s
Garmin Business Segment Cleared for Helicopter Use
Garmin International Inc., a unit of Garmin Ltd. said it has been granted the Federal Aviation Administration’s (FAA) first ever approved model list supplemental type certificate (AML-STC) for Wide Area Augmentation System (WAAS) avionics installed in a h
Sport Chalet Expands Credit Facility, Lowers Q4 Expectations
Sport Chalet, Inc. has amended and expanded its existing credit facility with Bank of America, N.A. Additionally, the company expects to report fourth quarter net sales of approximately $84.5 million compared to $96.8 million in the same period of the pri
Teva Partners with Outdoor Foundation and IMBA
Teva, a division of Deckers Outdoor Corporation, and The Outdoor Foundation today announced a new partnership effort aimed at broadening the outdoor community by engaging new audiences and industries in nature-based activities…
Sig Sauer Inks Contract with Army
Sig Sauer, Inc. said it has secured a multi-year contract to provide pistols to the U.S. Army's Material Command. The potential value for all quantities and the related customer support package is $306 million. The initial order of 55,890 units is to
Ortovox Named Official Supplier of Pro. Ski Instructors of America, American Association of Snowboard Instructors
The Professional Ski Instructors of America (PSIA) and American Association of Snowboard Instructors (AASI) have partnered with Ortovox USA, Inc. Ortovox, which has long supplied the PSIA-AASI Accessories Catalog with its avalanche transceivers, probes, s
