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Dorel Industries Inc. said 25% sales growth at its Cycling Sports Group, which focuses on the IBD channel, helped drive an 11.3% increase in revenues at its Recreational/Leisure segment in the fourth quarter ended Dec. 30, 2009. Still, a shift toward lower-priced bikes within the channel lowered margins in the quarter and for the full year...(3/10/2010)
* * * Puma signed an agreement to acquire 100% of the golf equipment brand Cobra Golf from Acushnet Company, the golf business of Fortune Brands, Inc. The acquisition includes the Cobra brand as well as related inventory, intellectual property and endorsement contracts and is subject to customary closing conditions and regulatory approvals...(3/10/2010)
* * * Vail Resorts, Inc. said year-to-date revenues through March 7 for its rental/retail operations were up 5.5%, but that a late start to winter at many of its Colorado resorts would make it difficult to reach the upper range of its prior earnings guidance. Retail/rental operations generated $61.0 million in revenue in the quarter ended Jan. 31, 2010, up 3% from the same quarter a year earlier...(3/10/2010)
* * * Backcountry.com launched new video functionality this week that enables customers and vendors to post their own videos on every product page or link to existing videos on YouTube. Backcounty said it is the first outdoor sporting goods retailer to offer the feature...(3/10/2010)
* * * Body Glove International has issued a license to The Outdoor Recreation Group to develop a new line of backpacks, luggage, totes and accessories for outdoor, water/extreme sports markets that will hit retail shelves this summer...(3/10/2010)
* * * Confluence Watersports has hired Brad Taylor for the newly created position of director of field sales. Taylor will oversee the company’s U.S. field sales team to further develop their outdoor specialty dealer segment...(3/10/2010)
* * * Gibbon Slacklines welcomed Emilio Torres as VP of sales. The former Croc's Inc. employees said he would bring slacklining to the masses Gibbon, which manufactures slackline kits distributed exclusively by Canaima Outdoors in North and South America...(3/10/2010)
* * * Summit Sports Inc. has launched two new Web sites, Kayaks.net and BathingSuits.net, bringing to 13 the number of web store is now operates. The Bloomfield Hills, MI-based retailer offers more than 300 brands and operates four brick-and-mortar stores...(3/10/2010)
* * * Sixty percent of bike retailers surveyed by The Bike Cooperative expect positive sales growth in 2010, including 12% expecting sales growth of 10% or more. Local economics and online competition were deemed the biggest threats to sales growth this year...
(3/10/2010)
* * * Jarden Corporation, at an analyst meeting in New York City, reaffirmed its objective to achieve diluted earnings per share of $5.00 within five years. At the Analyst and Investor Day hosted by the parent of Coleman and K2 Sports, senior management provided an overview of the company's growth strategy...(3/10/2010)
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