|
Accell Group N.V. said revenues grew by 11% and profits by 20% in the first half of 2008 due to sales of higher end bicycles and its acquisition of Ghost Mountainbikes. The Dutch company said organic growth dropped to 6% from 10%, but that demand for electric bikes remains strong as Europeans respond to growing health, environmental and energy concerns...(7/23/2008)
* * * Puma's sales during the second quarter rose 6.3% to 577 million euros (U.S. $905.3 million) from 542.8 million euros ($852 million), and rose 11.2% on a comparable basis, according to the quarterly report of its parent, PPR SA. In a statement, PPR said Puma's business in North America "improved compared to" Q108, but noted that the region remain marked by a "little bearer" economic conditions than other regions. Overall sales in the Americas region saw double-digit growth...(7/23/2008)
* * * GSI Commerce Inc. reported net revenues in its second quarter jumped 47% to $193.2 million from $131.3 million. The net loss was $19 million or 40 cents a share, compared to a loss of $5 million or 11 cents, a year ago...(7/23/2008)
* * * Westcomb Outerwear and Granite Gear disclosed that they recently agreed to warehouse and oversee dealer delivery for one another in the Canadian and U.S. markets. The deal will allow the companies to combine shipments to reduce shipping fees to overlapping dealers, who have been hit hard by fuel surcharges from shipping companies...(7/23/2008)
* * * Mall of America announced that Columbia Sportswear Company plans to open a Columbia-branded store later this year. The 16,000-square-foot store will feature Columbia apparel, footwear, accessories and equipment, along with its Sorel brand winter footwear. Columbia Sportswear currently operates one Columbia store in Portland, Oregon, and has announced plans to open stores in Seattle and Chicago...(7/23/2008)
* * * Dick's Sporting Goods is seeking $7.25 million from the state of Pennsylvania for roads, sewers and other improvements for its planned headquarters near Pittsburgh International Airport, according to a report in the Philadelphia Inquirer. Dick's is already receiving a 10-year, 50% abatement on county and local taxes to help develop the project, the newspaper said...(7/23/2008)
* * * L.L. Bean has signed on as an anchor tenant of a new shopping complex in Uptown Worthington. The 33,000-square-foot store will join a 140,000-square-foot Wegmans supermarket and a 14-screen Muvico theatre as retail anchors. It will be the Freeport-ME-based outdoor apparel company’s only Philadelphia-area location, according to a report on globest.com...(7/23/2008)
* * * Golfsmith International Holdings, Inc. announced plans to open its 73rd store in Palm Desert, California. The new large-footprint store will be in excess of 36,000-square-feet will include its experiential format, complete with indoor driving range, state-of-the-art launch monitors, and a full-size indoor tennis court...(7/23/2008)
* * * Bad Boy has selected RevGear Sports to manufacture and distribute its MMA clothing, training gear, fight shorts, equipment, gloves and much more in the United States. Thagreement covers Krav Maga, Muay Thai, Kickboxing, Karate, Boxing and Taekwondo products...(7/22/2008)
* * * Crocs, Inc. plans to launch an escalator safety awareness initiative over the course of the next year. The first steps will include the addition of consumer education messages regarding escalator safety to hang tags on Crocs shoes sold worldwide as well as supporting organizations that further the cause of safe escalator maintenance and use. Crocs has been sued previously by parents of children hurt on escalators while wearing their shoes...(7/22/2008)
* * *
|
