According to the recent preliminary retail sales report issued by the U.S. Department of Commerce retail industry sales for November (which exclude automobiles, gas stations, and restaurants) rose 6.3% unadjusted versus the same period last year and incre
Author: James Hartford
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.
Liberty Mountain Recalls Climbing Harnesses
Liberty Mountain, in cooperation with the The U.S. Consumer Product Safety Commission, has issued a voluntary recall of abput 5,900 Edelweiss Challenge Climbing Harnesses. Only harnesses using the para buckle system are included in this recall. Consumers
Heelys Q3 Sales Jump 460%; IPO Price Range Set
Heelys Inc. on Friday filed an amended S-1 detailing a price range on its pending initial public offering of shares and detailing its results for the third quarter. The IPO will consist of 6.25 million shares estimated to be in the $16 to $18 per share r
U.S. Holiday E-Commerce Spending Off to a Strong Start
comScore Networks released the first in a series of reports that measure consumers' online non-travel (retail) spending during the 2006 holiday season, which began November 1, 2006. During the first 19 days of November this year, total online retail
Copelands to Sell Off Assets to TSA Led Group
Copelands' Enterprises, Inc. has entered into a definitive asset purchase agreement with a joint venture composed of The Sports Authority, Hilco Real Estate, LLC and Hilco Merchant Resources, LLC. Under the agreement, The Sports Authority is to acqui
Brand Jordan Adds to NBA Athlete Stable
Jordan, a division of Nike, Inc., has welcomed a stable of new athletes to Team Jordan, led by 2005-06 T-Mobile NBA Rookie of the Year Chris Paul. Paul will represent the Jordan brand of footwear, apparel and accessories both on and off the basketball co
Jarden Corp. Doubles Q3 Net Despite Declines at Outdoor Group
Jarden Corporation, parent company to Coleman, reported that net sales for the third quarter increased 10% to $1.0 billion compared to $938 million for the same period in the previous year. Net income was up 114% to $51.3 million, or 78 cents per diluted
K-Swiss Posts Flat Earnings Growth on Stronger International Business
K-Swiss Inc. reported that total worldwide revenues declined 2.6% to $133.1 million compared with $136.7 million in the prior-year period. Domestic revenues decreased 21.0% to $81.7 million in Q3, while international revenues increased 54.9% to $51.4 mill
Skechers Cruises Past Q3 Estimates on Solid BTS
Skechers USA, Inc. reported that net sales for the third quarter rose 21.4% to $331.1 million compared to $272.8 million for the same period in 2005. Third quarter 2006 net earnings were $22.2 million, or 49 cents per diluted share, versus net earnings of
Aldila Q3 Bottom Line Takes Hit on Sharp Golf Decline
Aldila, Inc. reported third quarter net sales declined 15.5% to $16.3 million, compared to $19.3 million in the comparable period of 2005. The company reported net income of $2.9 million, or 51 cents per diluted share, for the third quarter ended Septemb
Brown Shoe Co. Appoints Veteran CFO
Brown Shoe Company, Inc. has appointed Mark E. Hood, former Chief Financial Officer of Panera Bread Co., as Senior Vice President and Chief Financial Officer, effective October 30, 2006. Hood, who has more than 30 years of finance, accounting and manager
The Bon-Ton to Acquire Four Parisian Stores from Belk
The Bon-Ton Stores, Inc. has entered into a definitive asset agreement with Belk, Inc. to purchase four Parisian department stores and the rights for the construction of a fifth Parisian store. Bon-Ton anticipates completing the transaction with Belk on O
Pacific Cycle Adds Director of Industrial Design
Pacific Cycle has hired Aaron Bethlenfalvy as Director of Industrial Design. He will work with all of Pacific Cycle’s major brands, including GT Bicycles, Schwinn, Mongoose, Kustom Kruiser and a variety of others. A former GT Bicycles employee, Bethlenf
SportsOneSource Closes on Sporting Goods Business Acquisition
The SportsOneSource Group has closed on its acquisition of the VNU Sports Business Media properties, a deal that includes the iconic Sporting Goods Business and Sporting Goods Dealer trade publications. The addition of the trade publications and conferen
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