TaylorMade Becomes Trustee of First Tee
The First Tee named TaylorMade-adidas Golf Company as a National Trustee, the first in the equipment sector of the golf industry to contribute a minimum of $1 million to the positive youth development program.
A4 Launches Organic Cotton Line
This fall, sportswear company A4 will go green with a spring awakening in the form of Kristiina By A4, an eco-friendly line of sustainable activewear. The natural line named after designer Kristiina Ratia features soft fabrics that are created from certif
OIF Launches Search for Executive Director
Outdoor Industry Foundation Board of Directors formed a search committee and initiated a national search to recruit its first ever Executive Director…
adidas Wins Out in German National Team Fight…
It appears the battle that started with Nike’s offer to sponsor the German national football (soccer) team in early December 2006 has come to a close with adidas still the team’s kit supplier. Reports out of Germany have the German Football Association (D
Golfsmith Loses Board Member
Lawrence Mondry resigned as a director of Golfsmith International Holdings, Inc., effective immediately, in order to devote full attention to his duties as president and chief executive officer of CSK Auto Corporation…
Hibbett Cuts Guidance Due to Weak Consumer Environment
Hibbett Sports, Inc. expects to report a fiscal second quarter comparable store sales increase of 2.6% on a fiscal basis compared with last year and a decrease of 5.6% on a comparable store, comparable week basis. Earnings per diluted share for the fiscal
Nike Promotes Two Apparel VP’s
Nike, Inc. promoted Mary Kate Buckley and Jill Stanton to new leadership positions heading the Nike brand's two largest regional apparel businesses, representing approximately 76% of Nike's almost $4.6 billion in global apparel revenues. Mary Ka
Golf Town to be Acquired by PE Firm, Posts 3.6% Q2 Comps
Golf Town Income Fund has entered into a definitive Transaction Agreement with OMERS Capital Partners for all of the assets of Golf Town Limited Partnership to be acquired for CA$17.15 ($16.28) per diluted share. Golf Town also reported that Q2 sales grew
Sporting Goods Outpace General Market in July; Canvas, LFA Drive Footwear Sales…
July kept with the flow of the past couple months at retail as comparable store sales grew in the low-singles for the third month running, this time slightly ahead of the pace. Same store sales grew 2.6% for the month of July, based on a preliminary tally
Hidary Group Back in Everlast Acquisition Game…
Everlast Worldwide Inc. posted strong second quarter sales results, but the ongoing struggle that has been its attempt at a sale show those fighting might have a pretty good reason. The most recent development in the process came early last week as the Hi
Jarden Closes on K2 Acquisition…
Jarden Corporation completed its acquisition of K2 Inc. The transaction is valued at approximately $1.2 billion, including the assumption or repayment of indebtedness. Under the terms of the agreement, K2 shareholders received 0.1118 of a share of Jarden
Iconix Q2 Revenue Jump113%…
Iconix Brand Group's recent slew of acquisitions is quickly paying dividends as licensing revenues were well up for the second quarter. For the quarter, licensing revenue catapulted 113% to $39.1 million from $18.4 million a year ago…
prAna Eyes Outerwear with Scapegoat Acquisition
prAna will look to address the outerwear market through its acquisition of Scapegoat for an undisclosed sum. The deal will give prAna a premium line of technical outerwear, while the new Scapegoat product will be marketed as “Scapegoat by prAna.” In addi
Prince Swaps PE Investors
Four years after acquiring Prince, Inc. from the Benetton Group, the Prince management team has swapped out investment partners, replacing Lincolnshire Equity Fund II LP with Nautic Partners, LLC. Based in Providence, Rhode Island, Nautic Partners is a pr
The Athlete’s Foot Parent Posts Sequential Sales Gains
NexCen Brands, Inc. reported that total revenues for the second quarter sequentially increased to $8.9 million, compared to $3.9 million in the first quarter of 2007. The company reported a net loss of ($245,000) or a penny per diluted share for the quart
