Gander Mountain Receives $50 Million of Equity Financing; Names New Chairman
Gander Mountain Company has announced that David C. Pratt, founder of United Industries, has entered into an agreement to purchase 5,701,255 newly issued shares of common stock at a price of $8.77 per share for a total purchase price of $50.0 million. Mr.
Hat World to Acquire Hat Shack in $18 Million Deal
Genesco Inc.'s Hat World subsidiary has entered into an agreement to acquire Hat Shack, Inc. The Marietta, Ga.-based Hat retail chain operates 49 retail headwear stores located in 10 states, primarily in the southeastern United States. The purchase p
On-Line Retailers See ‘Cyber Monday’ Turn into On-line Weekend…
On-line retail sales growth continues to out-pace brick & mortar sales growth across the retail industry. With the holiday selling season ramping up, e-commerce retailers are seeing some fundamental shifts in the buying patterns with “Cyber Monday” stretc
Aspen, prAna, and Vail Honored for Green Power Initiatives
This week, the U.S. Environmental Protection Agency, the U.S. Department of Energy, and the Center for Resource Solutions honored a group of organizations with the annual Green Power Leadership Awards, recognizing leading national green power purchasers a
Reebok Expands Relationship with MLB
Major League Baseball Properties has agreed to name Reebok as an official licensee of MLB apparel for the fan and lifestyle consumer. The multi-year apparel partnership expands Reebok’s current partnership with the League, which, in February 2004, named t
Lotto Steps Up U.S. Presence with Etonic Acquisition…
Lotto Sport Italia last week announced that it had acquired Etonic Worldwide, giving the Italian brand a broader presence in the U.S. Lotto, which has been primarily known as a soccer and tennis brand — outside of a few years in the late 80’s when it sa
The Finish Line Expects Q3 Loss on Comp Declines…
The Finish Line, Inc. reported that total net sales increased 2.7% to $281.5 million for the third fiscal quarter ended November 25 from $274.0 million in the year-ago period, but comp store sales declines across the board at the company’s Finish Line nam
Quiksilver Sets Sights on Mexico with JV…
Quiksilver, Inc. planted a flag in the Mexican market last week as it announced a new joint venture it entered into with PBM International. The JV will focus on marketing, selling, and distributing “Quiksilver” and “Roxy” branded products in Mexico as we
On-Line Holiday Spending Season is Underway…
According to OIA, on-line retail sales growth in the outdoor industry is out-pacing brick & mortar sales growth by more than a two to one margin. With the holiday selling season ramping up, e-commerce outdoor retailers are seeing some fundamental shifts i
Umbro Warns on 2006 Sales…
While Umbro has continued to perform in line with management’s expectations internationally, sales in the U.K. market continue to be heavily promotional and challenging. As a result, the company issued an earnings warning stating that full-year results ar
Garmin to Acquire Dynastream in $36 million Deal…
Garmin is enhancing its position in the fitness and training industry by acquiring one of its key component suppliers, Dynastream for $36 million in cash. The Alberta-based company will continue to operate as a wholly-owned subsidiary of Garmin. Dynastrea
OIF Searches for Outdoor Idols…
The Outdoor Industry Foundation is looking for the second class of Outdoor Idols and nominations are being accepted for any outdoor athletes, trendsetters, and role models under the age of 23. The Outdoor Idols award honors eight young outdoor athletes ea
CamelBak Hires Allen as VP of Government, Military and Industrial
CamelBak Products LLC named Nick Allen as Vice President of its Government, Military and Industrial Division.
Allen has extensive experience including 19 years of Military/Government Market Development at W. L. Gore and 20 years service as an officer in t
Kellwood Company Q3 Earnings Slip on Restructuring Charge
Kellwood Company net sales totaled $516.4 million, as compared to $520.0 million in the third quarter last year. Net earnings from continuing operations were $5.5 million, or 21 cents per diluted share, versus $7.9 million, or 29 cents per diluted share,
Kangol Sold to Sports World’s Mike Ashley
August Equity Trust plc reported in a release that the equity fund had “realised its investment” in the Kangol brand signifying its sale, while reports out of the UK name Mike Ashley, owner of Sports World, as the buyer. Rumors tag the final purchase pri
