City Sports Acquired by PE Firm; Hanaka Takes Board Seat
City Sports has been acquired by Highland Consumer Fund, with the firm also supplying City Sports with a substantial growth equity investment. The move will enable City Sports to further invest in its growth strategy and enhance its leadership position in
Dick’s Sporting Goods Q4 Net Income Beats Estimates
Dick's Sporting Goods said fourth-quarter net income rose 8% to $73.2 million, or 62 cents a share, topping recent guidance calling for 60 to 61 cents a share. A year ago, the company posted net income of $67.7 million, or 60 cents a share, for the f
Golfsmith Cuts Expansion Plans on Tough 2007…
Golfsmith saw “weakness across the board in December” lead to widened net losses for both the fourth quarter and full fiscal year as the golf retailer continues to do battle with increased competition, mainly in the form of the PGA Tour Superstores…
Aldila Sees Flat Q4 Sales…
Aldila, Inc. reported that 2007 fourth quarter sales were essentially flat at $17.7 million versus $17.9 million in Q4 2006. Sales of golf shafts were relatively flat and sales of composite materials were 13% higher. There were no sales of hockey products
OGIO Files Suit Against Callaway for Patent Infringement…
OGIO is taking Callaway to task over alleged patent infringement regarding its Woode Club Management system, which was issued patent number 6,877,694 B2 in April 2005. The company filed papers with the State of Utah's Federal District Court on Februa
Gildan’s Activewear Gets Boost from Prewett Deal to Bolster Fiscal Q1 Revenues…
Gildan Activewear Inc. reported sales in its first quarter climbed 34.8% to $250.5 million from $185.8 million a year ago. The gain was due to an increase of 92.7%, or US$39.4 million, in sock sales due to the acquisition of V. I. Prewett & Son and new re
OBIT: Ted G. Robinson
Theodore (Ted) G. Robinson, a past president of the American Society of Golf Course Architects, died Sunday March 2, 2008 at his home in Laguna Beach, CA after a 10 month battle with pancreatic cancer. He was 84…
Titus Cycles Acquired by Another Arizona Firm
GAI Cycles of Phoenix, Arizona has acquired 100 percent ownership in Titus Cycles, Inc. (Titus) from Vyatek Sports, Inc. GAI’s management team has a strong and diversified background in operations, finance and business development with significant equity
Long Lines, Solid Sales Reported at Canoecopia…
Vendors reported brisk sales and no credit problems at this weekend’s Canoecopia event in Madison, Wisc. On March 7-9 paddling enthusiasts across the Midwest and Canada made their annual pilgrimage to the show, which kicks off a series of consumer paddlin
Crocs Repeats: We Don’t Sell to Costco…
Crocs, Inc. reiterated that it is not selling, never has sold and does not plan to sell its Crocs branded merchandise to Costco Wholesale Corp. But, such emphatic statements do not mean Costco can’t sell Crocs. The retailer said Wednesday that its access
Collective Extends Licensing Agreement With Royer
Collective Licensing International, LLC renewed licensing agreement with, France-based, Royer for the Airwalk brand. Royer will continue to hold the Master License for the Airwalk brand throughout Continental Europe through 2012…
Timberland Increases Stock Buyback Program
The Timberland Co. announced that its Board of Directors has authorized the repurchase of up to an additional six million shares of the company's Class A Common Stock. This additional program supplements the company's current six million share a
Dussault Apparel to Acquire Dayton Boots
Dussault Apparel, Inc. has signed a non-binding Letter of Intent to acquire Vancouver's legendary Dayton Boots Enterprises, Inc. Dayton, which sells shoes and boots through retailers across Canada, has been led since February 2007 by CEO Stephen Enca
Outdoor Channel’s Losses Narrow on Lower Revenue
Outdoor Channel Holdings, Inc. said it narrowed its operating losses on less revenue in the fourth quarter as its ad sales rose while subscription fees declined. The company said advertising revenue rose 12.3 percent to $8.2 million for the fourth quarter
Famous Footwear Fourth Quarter Profits Fall…
Hurt by lower sales and a highly promotional climate, Famous Footwear's fourth quarter operating earnings fell 40% to $13.4 million from $22.5 million a year ago. On a conference call with analysts, Joe Wood, president, Brown Shoe Retail, noted that
