The Worst Stock for 2007: Crocs
Let me start out with a couple blasts from the past:
- Pet Rock
- Platform shoes
- Jelly shoes
- Slap bracelets
- L.A. Gear
- Beanie Babies, Reebok Pumps, Bellbottoms, Lava Lamps, Koosh balls &
The official blog of The B.O.S.S. Report - covering the business of Bicycle, Outdoor, and SnowSports.
Let me start out with a couple blasts from the past:
Congress has approved legislation that for the first-time provides a permanent source of funding for local parks and trails. The precedent-setting legislation establishes a direct source of funding for the Stateside Land and Water Conservation Fund that would not be subject to the whims of the appropriations process.
Outdoor Industry Association (OIA) has achieved two major trade victories for the outdoor industry. In the closing hours of the 109th Congress, the House and Senate passed trade legislation containing several OIA-crafted provisions that would eliminate import tariffs on certain kinds of athletic footwear.
The legislation would also grant permanent normalized trade relations (PNTR) for Vietnam. Both were top priorities for this first year of the OIA trade program. The twelve footwear tariff relief measures will apply to certain footwear that incorporates a laminated or coated textile fabric. Ten eliminate tariff rates on these products, some as high as 37.5%, and two would reduce tariff rates to 12.8 and 15.2%.
"First of all, The Mervin Snowboard factory near Canada on the Olympic Peninsula in Washington State only makes snowboards. We do make a huge variety of different models. The snowboards you are referring to are longer and much narrower than traditional snowboards. People who ride them mount ski bindings on them and ride two of them at a time, one per leg. We call them Lib Tech NAS which stands for “Narrow Ass Snowboards.”
According to a new report released this week by the U.S. Department of Energy's National Renewable Energy Laboratory, at the end of 2005, more than 2,000 megawatts (MW) of new renewables capacity was being used to supply green power markets. This represents a 10-fold increase from the year 2000.
"Even though we had been lucky to find some funding through Finance Wales, we both felt getting further Venture Capital would put too much pressure on us to grow and, maybe, force us to start cutting corners that we would have found hard to live with.
So the answer for both of us was clear and that was to find a like-minded company to help howies become brilliant at being howies."
The Timberland Company has acquired Howies Limited, an active sports brand founded on the idea of designing and manufacturing clothing for the inspired action sports and outdoor customer. Howies was created to serve as a voice and mechanism for communicating a core environmental and social conscience, to ask a different question and show the world that there is another way to do business. Howies will continue to be led by its local management team in Cardigan Bay,
"We are excited and inspired by the brand potential we see in Howies and are pleased to welcome them to the Timberland family," said Jeffrey Swartz, Timberland's President and CEO. "We look to invest in like-minded brands that are focused on innovation, authenticity and integrity, and Howies encompasses all of these core values. Together we will leverage our complementary strengths to bring our brands to new consumers and new markets."
David Hieatt, Howies' co-founder, shared, "Following our initial contact with Timberland, we had a clear vision of the compatibility between the companies. Timberland is progressive, committed to the concept of making a difference in all that they do and their values matched ours. They understood why we do business our way. It's their way too."
“We sell more units of the men’s and women’s
"Messe Friedrichhafen is committed to raising its profile in the United States," says CEO Klaus Wellmann. The Eurobike team will first concentrate on creating a partnership framework with the Sea Otter Classic Festival. "We'd like to harmonize the trade show with the sporting event for the spring start of the cycling season, in order to reach manufacturers, retailers, the media and consumers more consistently," explains Wellmann.
It's all about hard work and commitment. On the bike and in business, it's about being consistent, making your case, having the best people around you and telling the most compelling story. But there are real differences. In racing, you put in the effort, test yourself and you have a really good shot at success. While that's also true in business, fundraising and research, it can all be made more difficult by the political process. Success in those areas isn't measured in miles or a weekend race. It can take a really long time to succeed.
The political process is so cutthroat. I'm not sure why you'd subject yourself to all of that, possibly win and then find out all you really have is a full time job! [Laughs] That said, public service is one of the highest forms of nobility you can aspire to. I just don't know if it's for me.
The 'Interbike killer' is no more. At least not until 2008. Maybe. There was an underwhelming reaction from the US bike industry when the Friedrichshafen-owned Eurobike show said it wanted to stage a September trade show in Portland, Oregon.
The Final Judgments also bar Wind Farming and Telander from participating in penny stock offerings.
The Court also ordered Telander to return any shares of Wind Farming stock in his possession, custody or control to Wind Farming, and ordered Wind Farming to cancel all shares that defendants in this matter are ordered to return.
"Oil 150 is not an industry organization or affiliation. We are a committee, not a board, administered by the Oil Region Alliance. The Oil Region Alliance is the non-profit organization that manages the federally designated Oil Region National Heritage Region, and the state designated Pennsylvania Oil Heritage Region. The Oil 150 Steering committee is celebrating the Drake Well discovery and our proud heritage as the birth place of the petroleum industry. "
- Lois McElwee, Oil 150 Coordinator
Messe Friedrichshafen, the Owners of Europe's largest bicycle trade show, Erobike, will be launching a new trade show in the U.S. to compete directly with InterBike. Officials from EuroBike have reportedly met with Portland city officials to discuss hosting the show at the The Oregon Convention Center, with a two day outdoor demo in Ski Bowl or near Hood River.
“I was interested to hear the news of Eurobike’s proposed show,” said Lance Camisasca, Interbike's group show director. “We welcome competition, as it will help us do a better job. However, we are also greatly concerned about the dividing effect Eurobike’s announcement may have on the industry. Many will remember the time when the industry suffered through multiple shows resulting in additional expense and heartache. We hope the industry will continue to support the Interbike show and we promise to continue to do everything we can to make Interbike the best show for the North American market.”
Other reports have recently surfaced claiming that Eurobike surpassed Interbike in terms of size and attendance this year. According to published numbers, Eurobike saw Trade visitors up 6% per cent to 31,810 including bike retailers from 76 countries, 5 continents and 44% attendees coming form from outside Germany. 1,064 journalists from 32 countries were at the show.
In comparison, Interbike hosted 22,000 individual exhibitors, manufacturers’ representatives, buyers and members of the media, which represents a 12% increase versus 2005 attendance. Buyer attendance was close to 10,400 individuals, which equates to a 6% increase versus 2005 and represents a little more than 3,100 stores. "Close to 450" working media attended Interbike, representing a 15% increase versus 2005 attendance.
“We understand the Interbike show may not be perfect,” Camisasca said. “But we have always tried to listen to retailers, exhibitors and advocacy groups to improve the show and to help the industry grow. For example, when the industry wanted more space, all on one floor, we moved the show to Las Vegas. We have also kept exhibiting costs below the tradeshow industry average to maintain affordability for exhibitors both large and small.”
The new U.S. version of Eurobike is still waiting on an official name and the EU based company is still hiring a team to organize and run the show, which will reportedly take place sometime next September.
TITUSVILLE, Pa., Oct. 31 /PRNewswire/ -- Barrels of fun lead the oil market news today as plans for a special worldwide birthday celebration were announced in northwestern Pennsylvania.
The Oil 150 Committee unveiled a logo for the 150th anniversary of the oil industry which will be celebrated beginning in August 2008 through the official anniversary year of 2009. The event was held at Drake Well Museum in Titusville, PA, at the site of the world's first successful commercial oil well drilled by Col. Edwin Drake on August 27, 1859.
"The oil industry has so transformed the world through its products, from the first lamp oil to fuel, lubricants, plastics, and medicines, its impact has been rivaled only by the invention of computers," said Oil 150 Co-Chair U.S. Rep. John Peterson, R-5th District of Pennsylvania.
The Oil 150 Committee is promoting national and international entertainment and educational events and activities for the general public, students, historians, and heritage travelers.
"The anniversary celebration will recognize the important discoveries, innovations, and achievements in oil industry exploration and production, refining, transportation and storage, marketing, and business organization," said Oil 150 Coordinator Lois McElwee. "It will also incorporate the very close parallel development of the natural gas industry," she said.
Drake Well Museum in the Oil Region National Heritage Area is one of the historic sites that will be ready. An expansion and renovation plan was detailed by museum administrator Barbara Zolli in welcoming all to visit. Oil 150 Co-Chairs Lynda Cochran of the Titusville Chamber of Commerce and Bruce Wells of the Washington, DC-based American Oil and Gas Historical Society reviewed some of the Sesquicentennial celebration goals. They are to: increase public knowledge of the significance of the early oil and natural gas industry developments in Pennsylvania and later developments resulting in social and economic benefits to the world; enhance interest in oil history and oil-related education fields; and increase tourism at oil-related sites.
The theme for the sesquicentennial anniversary is, "Celebrating the Story - Progress from Petroleum."
Oil 150 is administrated by the Oil Region Alliance. Its Chairman, Jack Crawford, and President, Randy Seitz, also spoke at the logo unveiling event. Co-sponsors for the celebration are now being sought. More information about the Oil 150 Committee and its plans is available at www.Oil150.com.
WASHINGTON, D.C. (Oct. 19, 2006) -- Building on The Coleman Company, Inc.'s 106-year history of bringing Americans outdoors, Gary A. Kiedaisch, the company's President and CEO, met with President George W. Bush in the Oval Office on Monday to pledge the company's and the outdoor industry's support in connecting America's youth with the great outdoors, and to express appreciation for the president's ongoing support for recreation.
The reasons for the meeting were threefold. First, to thank President Bush for his commitment to outdoor recreation, proclaiming June as Great Outdoors Month, bringing focus to the outdoors as a national priority. Second, to draw attention to the president's stewardship of America's magnificent outdoor recreational resources. And third, to encourage a greater partnership between the government and the outdoor industry in bringing Americans -- especially young people -- back outside.
"Outdoor recreation gets us off the couch, out of our sedentary lifestyle, and back outside to enjoy all that nature has to offer," Kiedaisch said. "Coleman would like to work with business and government to come up with sustainable solutions to getting Americans back outdoors and recreating. As the world's largest outdoor company, we are already working with outdoor advocacy organizations to reach the public with the message that spending time with nature is the best way to revitalize mind, body and spirit. But there is much more that can be done."
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At the meeting, Kiedaisch delivered a commemorative lantern -- one of more than 60 million fuel lanterns produced by the company since 1900 -- and a letter to President Bush (attached) discussing the industry's interest in partnering with government to get people off the couch, away from their computer and TV screens, and back into the outdoors.
06:00 Wal-Mart Announces Accelerated Rollout of $4 Generic Prescription Program in 14 States
06:00 Wal-Mart and Sam's Clubs Bring $4 Generic Prescription Program to Illinois; Expanded Program Means Significant Savings for Illinois Wal-Mart and Sam's Club Customers
06:00 Wal-Mart and Sam's Clubs Bring $4 Generic Prescription Program to Arkansas; Expanded Program Means Significant Savings for Arkansas Wal-Mart and Sam's Club Customers
06:00 Wal-Mart and Sam's Clubs Bring $4 Generic Prescription Program to Texas; Expanded Program Means Significant Savings for Texas Wal-Mart and Sam's Club Customers
06:00 Wal-Mart and Sam's Clubs Bring $4 Generic Prescription Program to Vermont; Expanded Program Means Significant Savings for Vermont Wal-Mart and Sam's Club Customers
06:00 Wal-Mart and Sam's Clubs Bring $4 Generic Prescription Program to Alaska
06:00 Wal-Mart and Sam's Clubs Bring $4 Generic Prescription Program to New York; Expanded Program Means Significant Savings for New York Wal-Mart and Sam's Club Customers
06:00 Wal-Mart and Sam's Clubs Bring $4 Generic Prescription Program to Oregon; Expanded Program Means Significant Savings for Oregon Wal-Mart and Sam's Club Customers
06:00 Wal-Mart and Sam's Clubs Bring $4 Generic Prescription Program to North Carolina; Expanded Program Means Significant Savings for North Carolina Wal-Mart and Sam's Club Customers
06:00 Wal-Mart and Sam's Clubs Bring $4 Generic Prescription Program to New Mexico
06:00 Wal-Mart and Sam's Clubs Bring $4 Generic Prescription Program to Indiana; Expanded Program Means Significant Savings for Indiana Wal-Mart and Sam's Club Customers
06:00 Wal-Mart and Sam's Clubs Bring $4 Generic Prescription Program to Nevada; Expanded Program Means Significant Savings for Nevada Wal-Mart and Sam's Club Customers
06:00 Wal-Mart and Sam's Clubs Bring $4 Generic Prescription Program to Arizona; Expanded Program Means Significant Savings for Arizona Wal-Mart and Sam's Club Customers
06:00 Wal-Mart and Sam's Clubs Bring $4 Generic Prescription Program to Delaware; Expanded Program Means Significant Savings for Delaware Wal-Mart and Sam's Club Customers
"There is a story that happened here on the 30th and the 1st that is not being told," wrote a climber from Cho Oyu to ExWeb. “Early morning of September 30th, I walked out of our dining tent to gaze over towards the Nangpa La pass. Without warning, shots rang out. Over, and over and over. Then the line of people started to run uphill – they were at 19,000ft. Apparently the Chinese army was tipped off about their attempted escape, and had showed up with guns. Watching the line snake off through the snow, as the shots rang out, we saw two shapes fall. The binoculars confirmed it: 2 people were down, and they weren't getting up. Then more Chinese army swarmed through ABC.”
BR&IN Publisher to Produce OR Show Daily
VNU Sports Group has hired a new publisher for the Outdoor Retailer Show Daily and the Official Outdoor Retailer Summer and Winter Handbooks. NBDA Services, Inc., which publishes Bicycle Retailer & Industry News as well as the Interbike Show Dailies, will write, edit, print and distribute the OR Show Dailies and OR Handbooks.
...Lance Armstrong and Nike will launch the "Run Like Lance Challenge," created to support Armstrong and track his miles as he trains for the 2006 New York City Marathon. With a goal of logging 50,000 miles prior to running the marathon, the seven-time Tour de France winner is calling on his "Army" of cancer-fighting advocates to help him reach his goal in what will be his first major athletic competition since stepping down from professional cycling. Nike will donate $1 to the Lance Armstrong Foundation (LAF) for every mile run and logged by Armstrong and runners that visit www.nikeplus.com from October 2nd until November 5th.
...While the road market seems to be maintaining itself, the days of double digit growth are clearly over. The people who are new to the sport are still spending money, and according to most retailers, sales of road bikes remain strong, but are relatively flat. This is actually good news for the market, leading many to believe the “Lance effect” was not simply a spike in sales, but a phenomenon that grew the overall size of the road bike market...
...Bike retailers have never dedicated much floor space to any footwear or apparel other than lycra and cleated cycling shoes. However, partially because of the increases in commuter bikes, consumers are asking for more casual apparel that can cross-over from echelon to errands...
“Stabilo wants to grow and not just through the Deuter brand,” said Loomis. “It’s too early to tell if this is a marriage made in heaven. There are many peculiarities about the outdoor business that outsiders can have a hard time with. In the short term we will continue to do what we do best – it will be a learning period.”
Newly formed Sandler Capital portfolio company Enthusiast Media LLC said Wednesday, Sept. 27, it is picking up the remaining titles in Primedia Inc.'s crafts unit for $132 million.
Several U.S. state governments and environmental groups were successful in a direct legal challenge to the current administration’s repeal of the Roadless Rule. U.S. District Judge Elizabeth Laporte ruled that the Bush Administration did not conduct a satisfactory environmental analysis before making changes that allowed states to decide how to manage individual national forests. The Roadless Rule originally protected 58 million acres of roadless forests in 39 states.
According to the Court, the administration is enjoined from taking any further action contrary to the Roadless Rule without undertaking environmental analysis consistent with judge Laporte’s judicial opinion. In addition, the court found that the Bush Administration failed to comply with the requirements of the National Environmental Policy Act and Endangered Species Act.
“The recent court decision upholding the Roadless Rule, though most gratifying is but a short-term win in the ping-ponging decisions of differing courts. Though BD’s sympathies lie with preserving the majority of Roadless areas as Roadless, we also recognize that a “one size fits all” national decision is destined for years of further litigation and risk to those areas in greatest need of real protection. There has got to be a better way to resolve this that makes the land the winner and does not suck up '$millions' in legal fees...”
“Probably the largest change going into 2006 is rather than throwing parties… we decided to put our resources, our time, and our energy into this media center,”... “Being in Las Vegas with a very tight schedule where a lot of our customers are taking their own initiatives and throwing their own fundraisers or parties or whatever it may be, we began to realize we were getting in the way sometimes.”- Lance Camisasca, Interbike Show Director