Ajay Sports, Inc. announced a significant gain as a result of a Mutual General Release of debt with Wells Fargo Bank. Effective August 30, 2005 Ajay Sports and its subsidiaries have negotiated a Mutual General Release of the debt owed by Ajay to Wells Fa
Author: James Hartford
Broder Bros. Sees Exit of Top Executives
Broder Bros., Co. on Tuesday announced the resignations of Vince Tyra, Chief Executive Officer, and Mark Barrocas, President. The Company also announced that Thomas Myers, Director, has been appointed Interim CEO effective immediately. The Company has com
Gander Mountain Warns on 2005 Results; Q3 Comps to Fall
Gander Mountain Company is reporting that it no longer expects to meet its previously disclosed guidance for revenue of at least $850 million, flat comparable store sales and pretax income of at least $16 million for the fiscal year 2005. The uncertainty
Delta Cycle Recalls Two-Bike Folding Racks
Delta Cycle Corp., in cooperation with The U.S. Consumer Product Safety Commission, has announced a voluntary recall of about 3,500 Picasso Two-Bike Folding Racks. Based on the recall, the bike rack does not have sufficient hardware to support its weight
Reebok Third Quarter Revenues Head South; Net Gets Boost from RLFW Sale
Reebok International Ltd. reported net income for the third quarter ended September 30 of $117.7 million, or $1.87 per diluted share, an earnings per share increase of 39.6% when compared to net income of $81.8 million, or $1.34 per diluted share, for the
Everlast Expands License in Sports Medicine Products
Everlast Worldwide has expanded its relationship with M&M Fitness Equipment, Inc. by signing a licensing agreement for the launch of Everlast-branded neoprene and elasticized joint braces and wraps for sports and exercise use as well as for use in recover
adidas and Amer Get Final Clearance on Salomon Deal
adidas-Salomon AG has received all relevant antitrust clearances for the divestiture of its Salomon business segment to the Amer Sports Corporation and the transaction is expected to close within the next week. The transaction value for the Salomon busin
adidas Reiterates Growth Projections; Sees Salomon Sale Approval ‘Soon’
adidas reiterated its forecast of 20% net income growth for the year and expects to see sales growth in the mid- to high-single-digit range, based on management presentations at the company’s annual investor conference held today in Herzogenaurach, German
Two Lawsuits Filed Over Proposed Goody’s Deal
Goody's Family Clothing, Inc. reported that two complaints have been filed in connection with its previously announced Agreement and Plan of Merger with certain affiliates of Sun Capital Partners, IV. The complaints, which name both Goody's and
SGAA Highlights Annual Award Recipients
The Sporting Goods Agents Association Annual Meeting will be held on the opening day of the Super Show in January 2006. Tim Maloney, Tim Maloney Sales Inc., will be inducted into The SGAA Hall of Fame. Tom Rogge, president of Cramer Products Inc., will
CenterStone Acquires European Technology Partner
CenterStone Technologies, Inc., an internationally recognized developer of Web-based sales order management software for manufacturers of sporting goods, recreation products, apparel and footwear selling through specialty retailers, has acquired Pulpsport
Shoe Pavilion Q3 Comp Sales Climb 7.8%
Shoe Pavilion, Inc. reported that comparable store net sales increased 7.8% for the third quarter ended October 1, 2005 from the same period last year. Net sales for the third quarter ended October 1, 2005 increased 20.1% to $24.8 million from $20.7 milli
Costco Fiscal Q4 Comps Rise 7%; Net Income Up 19.5%
Costco Wholesale Corporation reported that net sales for the 16-week fourth quarter ended August 28 increased 10% to $16.36 billion from $14.83 billion in the year-ago period. Comparable warehouse sales during the fourth quarter increased 7% versus last y
Nordstrom September Comps Increase 4.1%
Nordstrom, Inc. reported preliminary sales of $636.7 million for September, an increase of 6.4% compared to sales of $598.4 million for the five-week period ending October 2, 2004. Same-store sales increased 4.1%…
Bloomberg Report Sees Eurozone Retail Dip in September
The September Bloomberg Eurozone Retail Purchasing Managers' Index (“PMI”), a monthly survey indicating economic conditions in the Eurozone retail sector one month ahead of government issued figures, indicates that month-on-month sales at Eurozone re
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