MacGregor Golf Company has completed a recapitalization led by three of its existing investors, which the company says will strengthen its balance sheet and provide significant resources for continued growth. Terms of the investment in privately-owned Mac
Month: October 2007
Petzl USA Receives HERA Power of One Award
Petzl USA received the 2007 HERA Power of One Award during the recent HERA Climb4Life in Salt Lake City. The award is given annually to an organization in recognition of its support of the nonprofit. The HERA Foundation's founder, Sean Patrick, prese
Report: Cleveland Sale in Works…
The sale of Cleveland Golf by Quiksilver, Inc. appears to finally be in the cards, according to golfweek.com. Industry sources say Quiksilver, which acquired Cleveland in 2005 as part of the deal that brought ski hardgoods manufacturer Rossignol into the
Umbro Receives Takeover Bid; Nike or Sports Direct Possible
Umbro said it received a buyout offer from an unnamed suitor. The U.K. soccer brand didn't provide any further details, but sources told Reuters that the bid came from Nike Inc. Shares in the Cheshire-based sportswear brand, whose most prized asset
Hi-Tec Inks Licensing Deal with Bordan Shoe…
Bordan Shoe Co. has entered into a licensing agreement to sell Hi-Tec Athletic footwear within the U.S. and Canada . Hi-Tec Athletic is being launched for SS08, and features product for running, trail running, walking and cross-training. Target distribu
Iconix to Pay $550,000 in Anti-Trust Fines for Rocawear Deal…
Iconix Brand Group has agreed to pay $550,000 to settle charges that the company failed to produce certain documents before buying Rocawear, according to the U.S. Department of Justice.
Nike’s Business in China Should Hit $1 billion Within Year…
Nike CEO Mark Parker told Reuters that he sees revenue growth in China increasing at 50% per year and reaching $1 billion within a year. China is currently at $600 million in annual sales, Nike's fourth largest market…
Illinois State Study Finds Metal Bats As Safe As Wood…
Researchers at Illinois State University concluded a study, which they say proves that non-wood bats are just as safe as wood bats. According to the study, wood bats also reduce hitting averages and raise costs, because of frequent breakage. The study i
Wachovia Conference Gives a Peek at Q3 Retail…
The obvious impact of the warmer weather this year against the colder snap during the same time last year, coupled with general concerns about the economy and consumer spending outlook for the Holidays, had analysts scrambling for answers at the most rece
Callaway Golf Anticipates Q3 Improvements; Raises Full Year Guidance…
Things are going better than originally anticipated for Callaway Golf, Inc. in the third quarter as the company announced last week that it expects net sales of $236 million for the period, up 22% from $194 million for the same quarter last year…
Nautilus Posts Q3 Sales, Earnings Declines; Looks to Divest Pearl Izumi….
Nautilus reported that net sales for the third quarter decreased 16% to $134.0 million from $159.6 million for the corresponding period last year, down 16%…
VF Corp. Raises Guidance on Strong Third Quarter Results..
VF Corporation saw yet another surprisingly positive quarter in spite of what is generally believed to be a weak retail environment. Third quarter revenues increased 15% to $2.07 billion, compared with $1.81 billion last year. Top line growth was primaril
Lance Camisasca Leaves Interbike and Health+Fitness
Interbike's show director, Lance Camisasca, will leave his post and begin work as an industry consultant to Interbike helping the company develop sales & marketing strategies, identifying new market opportunities and acting as Interbike's key li
New Guidance and Conferences Offer Q3 Insight…
This week, several companies updated analysts and investors on their third quarter prospects and growth initiatives with new guidance, new SEC filings, or through presentations at the Wachovia Consumer Growth Conference in New York, NY…
Jacques Lavertue Loses His Battle with Cancer…
The outdoor and sporting goods industries have sustained an enormous lose with the passing of footwear veteran Jacques Lavertue, president and GM of the Outdoor Group at Wolverine World Wide, who lost an eight-month battle with cancer in October. He was 5
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