Sports Direct Profits Plunge 91%
Sports Direct, the U.K.’s largest sports retailer, saw a 91% drop in full-year profits despite increased sales after the weak pound and investment losses took their toll. The company, controlled by Newcastle United owner Mike Ashley, netted a profit of £1
Potential CIT Bankruptcy Could Rattle Retail
CIT Group Inc., a significant lender to small and medium-size businesses in the retail industry, could be forced into bankruptcy proceedings barring a last-minute deal to renegotiate its sizeable debt load. A bankruptcy threatens to disrupt the flow of m
Kellwood Extends Deadline for Debt Exchange Offer; Some See BK as Option
Kellwood Co., the Sun Capital Partners portfolio company that is also parent of American Recreation Products, said it was unable to renegotiate and extend its bond issue that matured Wednesday and its board extended the deadline for acceptance of a propos
Antonio Zoli North America Adds VP of Operations
Antonio Zoli North America has hired hiring of Harry “Chuck” Webb III, as Vice President of Operations. Formerly General Manager of Briley Manufacturing, Webb comes to Zoli with deep knowledge of the industry and gunmaking as well as title of Master Gunsm
Rossi USA Joins Whitetails Unlimited Program as Title Sponsor
Rossi USA has signed on as the Title Sponsor to Whitetails Unlimited’s Kids on Target program. The popular program was introduced as a pilot program in 2008, with a focus on encouraging our nation’s youth to get off the couch, enjoy the great outdoors, an
Sportfishing Industry Awards 2009 “Best of Show” Honors
ICAST 2009, the International Convention of Allied Sportfishing Trades, the world’s largest sportfishing tradeshow, took place from July 15-17, at the Orange County Convention Center in Orlando, Fl. According to a release issued by the American Sportfishi
Victoria’s Secret Expands PINK Collegiate Collection
Victoria's Secret's PINK Collegiate Collection has been expanded to more than 50 colleges and universities. VS PINK launched its co-branded Collegiate Collection in July 2008, which features VS PINK's brand iconography and the names and log
OIA Announces New Board
The Outdoor Industry Association (OIA) Board of Directors ratified its new slate of Directors at Monday’s board meeting in Salt Lake City, Utah…
Former Burton President Becomes Spyder and Cloudveil CEO
Spyder Active Sports hired Thomas McGann as the company’s new chief executive officer. McGann comes to Spyder Active Sports, also the parent company for Cloudveil Mountain Works, with decades of executive experience, including serving as president of Burt
Play It Again Sports Parent Posts Profit Gain
Winmark Corp., the parent of Play It Again Sports, reported net income increased 28.1% in the second quarter to $1.2 million, or 22 cents a share, from $930,500, or 17 cents, a year ago. Sales were virtually flat at $8.8 million versus $8.7 million a year
Zumiez Settles Labor Lawsuit for $1.3mm
Zumiez reached a tentative agreement to settle a class-action lawsuit in California for about $1.3 million. A former employee accused Zumiez in the lawsuit of not paying all the overtime it owed him, not providing meal breaks as required by California law
Element 21 Sees Growth in Fishing Rods
Element 21 Golf Co. said that major North American retail chains will be doubling the number of store front that are carrying the Carrot Stix(tm) fishing rods…
Former Nautica Founder Partners with Jack Nicklaus
The Nicklaus Companies and David Chu Management Group (DCMG) have have established a strategic partnership to develop and evolve the Nicklaus Brands in the lifestyle category. Chu first rose to prominence in the eighties with the success of his lifestyle
Iconix May Bid for Eddie Bauer
Eddie Bauer Holdings Inc. may draw bids from Iconix Brand Group Inc. as well as Golden Gate Capital, sources told Bloomberg News. CCMP Capital Advisors LLC, a New York-based private equity firm, had offered an initial $202 million last month in a so-calle
Beretta, Browning, Remington Among Sponsors for SCTP Nationals
With more than 1,000 SCTP shooters preparing to compete in the upcoming National Championships at the World Shooting and Recreation Complex in Sparta, Ill. on July 23 – 26, 2009, the Scholastic Shooting Sports Foundation (SSSF) said Beretta, Browning, and
