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News & Features - Financial News - Fitness Financial News


Netpulse acquires Virtual Active, iPad app to be launched
Dec 14, 2011
Netpulse's acquisition of Virtual Active will bring together two of the fitness industry’s technology brands capitalizing on the increase of interactive data, education and media being used in the latest fitness equipment. Officials share with SNEWS where they see expansion opportunities in the fitness industry.
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Article Thumbnail Cybex considers financing options, readies appeal of latest ruling in Barnhard case
Nov 23, 2011
Cybex officials said they are analyzing numerous financial and legal options after a New York appeals court reduced, but upheld an unfavorable verdict for the fitness equipment company in an ongoing legal case. SNEWS listened in on a company’s conference call Nov. 22 detailing its options, and we have the details.
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Article Thumbnail Jury verdict against Cybex reduced to $44 million
Nov 21, 2011
A New York appeals court reduced a jury verdict against Cybex from nearly $66 million to $44 million. But company officials said they will again appeal the ruling because they believe the lawsuit amount continues to be overstated. SNEWS has the latest news, plus the background on the case.
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Article Thumbnail Financials: Strong footwear, apparel sales drive Hibbett 3Q earnings up; plus Maurice Sporting Goods to acquire Canadian peer
Nov 18, 2011
Hibbett Sports reported higher third-quarter 2011 revenue and profit on strong apparel and footwear sales. Plus, Maurice Sporting Goods plans to acquire fellow sporting goods wholesaler Redl Sports Distributors in Canada.
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Fitness financials: Weaker appliance, electronic sales hurt Sears 3Q earnings
Nov 17, 2011
Sears Holding Corp, which is in the process of revamping its fitness departments, reported lower revenue and a wider loss for the third quarter 2011.
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Article Thumbnail Financials: Dick’s Sporting Goods and Sport Chalet see boost in same-store sales, profit; plus Accell sales update
Nov 15, 2011
Dick's Sporting Goods and Sport Chalet both reported stronger same-store sales and profits heading into the holiday season. Plus Accell reports weaker-than-expected, third-quarter bike sales along with struggling sales in its fitness group.
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Article Thumbnail Fitness financials: Nautilus narrows 3Q loss on slightly lower revenue; plus Gaiam and Big 5
Nov 7, 2011
Nautilus narrowed its loss in the third quarter 2011, but its revenue slipped along with its retail sales. Plus, lifestyle media firm Gaiam, which owns Spri fitness products, reported higher revenue, but swung to a loss. And Big 5 sees improving sales after a mixed third quarter.
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Article Thumbnail Fitness financials: Life Fitness sales shine for parent Brunswick's 3Q earnings; plus Precor’s mixed results for Amer
Oct 27, 2011
Sales of Life Fitness and Hammer Strength equipment jumped 14 percent in the third quarter 2011 to lead revenue gains for parent company Brunswick. Plus Precor sales are up for parent company Amer, but only on the international front.
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Article Thumbnail Cybex 3Q sales up, but slight losses continue on litigation appeal
Oct 18, 2011
Cybex reported its third quarter 2011 revenue up 15 percent, but its quarterly loss widened as the fitness equipment company continues to incur costs while appealing an unfavorable lawsuit ruling.
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Article Thumbnail Nasdaq hits Cybex again
Oct 7, 2011
Cybex said it intends to appeal a Nasdaq Stock Market request that the company delist its stock by Oct. 13.
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Products and Trends
Industry News Releases
Grassroots Outdoor Alliance Welcomes Icebreaker as a Vendor Partner
Dec 22, 2011
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Jetboil Expands Management Team
Dec 22, 2011
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Switch Vision Joins 2012 East Coast Adventure Racing Series
Dec 22, 2011
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BioLogic Helps Social Networking Cyclists Track Data on the Go
Dec 21, 2011
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Liberty Mountain Joins Grassroots Outdoor Alliance as Vendor Partner
Dec 21, 2011
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National Ski Patrol makes branding move to unify divisions and patrols
Dec 21, 2011
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SNEWS Headlines
November retail, outdoor, online sales rise; NRF raises forecast
Dec 26, 2011
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Mountain travel bookings continue uphill surge
Dec 22, 2011
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Gramicci leverages Haggar to lower prices on fall 2012 products, predicts consumers will reduce spending
Dec 21, 2011
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"Goodbye Therese! " by Michael Jespersen (12/26/2011 11:46 MST)
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Outdoor Research wants to protect from cold and dry, not just chilly and wet
Nov 18, 2011
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