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Container Lines Waffle on Port Congestion Surcharges
In the space of five days last week, ocean container lines announced, suspended and then reimposed surcharges of up to $1,000 for every container imported through West Coast ports in a sign that chronic congestion at those ports is worsening. The waffling came amid signs that contract talks between the companies and dockworkers may have approached an impasse. The last time that happened, it cost the sporting goods industry millions of dollars in higher costs and lost sales...(11/22/2014)
Gluskin Townley Survey Shows Adult Bike Market Facing Tough Headwinds
A recently released report shows that while adult bicycle ownership increased by 648,000 people, or 2.6 percent from 2012 to 2014 in the United States, cyclists cut their visits to bike shops and intent to buy bikes dramatically during the period. While that may reflect that enthusiasts had sated their appetite for new bikes in 2012, the report also shows steep drops in how much and how often enthusiasts are riding...(11/22/2014)
E-Bike Maker ProdecoTech Advances Toward Becoming Publicly Traded
Prodeco Technologies LLC, one of the country's largest e-bike makers, agreed Nov. 20 to be purchased by a penny stock company in a plan its owners hope will lead to a listing on a national stock exchange. The all-stock deal values the company at about $35 million, or around seven times...(11/22/2014)
Accell Group's Updated Forecast Calls for Second-Half Acceleration
Accell Group NV, which sells Raleigh, Diamondback, LaPierre and Haibike bicycles in the United States, said leaner inventories, higher sales of e-bikes and premium sport bikes and acquisitions will result in higher net sales, organic sales and net income in the second half of 2014, compared to the same period last year...(11/19/2014)
T.J. Maxx and Marshall's Adding Outdoor Brands, Even Kayaks
T.J. Maxx and Marshall's gained access to more premium outdoor apparel brands and began selling kayaks in the fiscal third quarter ended Nov. 1 even as their parent company opened two new Sierra Trading Post locations in Denver. The off-price retailer said it continues to shift toward flowing less goods more frequently to its stores to give shoppers a reason to keep returning to its stores and make sure they are stocked with weather appropriate apparel when they get there...(11/19/2014)
GoLite Begins Liquidating Through Going-Out-Of-Business Sales
GoLite LLC launched going-out-of-business sales Friday after no investors emerged to buy the company as a going concern in federal bankruptcy court...(11/16/2014)
Goldwin Grows Sales, But Not Profits in Fiscal Second Quarter
Goldwin Inc., which opened a U.S. subsidiary in 2013 to increase sales of its luxury ski apparel and C3fit compression wear, reported net sales of ¥15.6 billion ($151.5 mm) in the six months ended Sept. 30, up 3.7 percent from the same period in 2013...(11/15/2014)
Havaianas Buoys Alpargatas Q3 Results As Brazilian Economy Slows
Alpargatas reported growing overseas demand for its sandal brands and domestic demand for Mizuno and Timberland footwear tempered a post-World Cup, pre-election economic swoon in its native Brazil in the third quarter...(11/15/2014)