Bobby Patrick, 72, head rep of the Bobby Patrick & Associates agency since 1977, passed away after suffering a heart attack on September 8 while on the road in Santa Fe, New Mexico. Patrick had been a recipient of the SGAA Lifetime Sales Achievement Awar
Author: James Hartford
Stride Rite Corp. Completes Saucony Acquisition
The Stride Rite Corporation has completed the acquisition of Saucony, Inc. for a total purchase price of approximately $170 million in cash. The acquisition is being financed with cash on hand and borrowings under a new $200 million revolving credit facil
Ashworth Appoints CFO; Shakes Up Operations
Ashworth, Inc. has appointed Peter S. Case to the position of EVP, CFO and Treasurer of the company. He has been acting in an interim role. Peter E. Holmberg was also promoted to EVP of Merchandising, Design and Production. Per B. Gasseholm has resigned f
GBMI Appoints Senior Director for Sports Marketing
Global Brand Marketing, Inc. announced the appontment of John McCluskey to Senior Director of Sports Marketing for GBMI, with primary focus on premier athletic brand Pony International, LLC. Prior to joining GBMI, Mr. McCluskey was Founder and Co-Owner
Golf Galaxy to Open Four Stores This Fall
Golf Galaxy, Inc. will open four Golf Galaxy stores in four states this fall. The new stores include the company's first in the states of Colorado, Nebraska, and Oklahoma, as well as its expansion in the greater Philadelphia market with its first sto
Warnaco Appoints Global HR Chief
The Warnaco Group, Inc. announced that Elizabeth Wood has joined the company as Senior Vice President, Human Resources. In her role, Wood will be responsible for all aspects of human resources worldwide. Wood most recently served as a consultant with the
Dick, Steve and Barry Get Together in Twin Cities
Steve & Barry's University Sportswear and Dick's Sporting Goods will join Burnsville Center in Minneapolis, Minn., in space previously occupied by Mervyn's department store. CBL & Associates Properties, owner and manager of Burnsville Cente
Acushnet and Academy Settle Titleist Suit
Acushnet Company and Academy Sports & Outdoors have settled the lawsuit which Acushnet brought against Academy regarding the sale of counterfeit Titleist Pro V1 golf balls. The lawsuit was filed on April 11 after consumers complained to Acushnet that Pro
UVEX Sports Appoints Winter Sports NSM
UVEX Sports, Inc. has hired Chris O’Donoghue as national sales manager for the winter sports division. O’Donoghue brings to UVEX a sales perspective from both the retail and industry sides of the business and will be responsible for the management and dev
TaylorMade-adidas Golf Appoints Three Executives
TaylorMade-adidas Golf Company has added three executives to strengthen its U.S. sales and service team. David Gibbons, formerly a CEO at MacGregor Golf, has been hired as SVP/GM of TM-aG. Doug Holt, formerly the national sales manager at Spalding and di
Umbro Swings to Profit in First Half; US Sales Double
Umbro plc reported that total wholesale equivalent sales, which is the Group’s buy/sell sales plus the wholesale value of licensees’ sales, for the first half declined 10.1% to £175.4 million ($329 mm) from £195.1 million ($356 mm) in H1 2004. Umbro post
Collegiate Pacific Fiscal Year Net Doubles; Acquires Sport Supply Group
Collegiate Pacific Inc. has executed a definitive merger agreement to acquire the remaining outstanding shares of Sport Supply Group, Inc. Fiscal year revenues were up 169%to $106.3 million, due primarily to acquisitions.
Net income doubled to $3.8 mi
Cutter and Buck Net Falls 36% on 7% Sales Decline
Cutter & Buck Inc. reported that sales for the fiscal first quarter ended July 31 declined 6.8% to $29.7 million from $31.9 million in the year-ago period. Gross margins declined 220 basis points to 47.2% of sales from 49.4% in Q1 last year. Net income
Cutter and Buck Heads Off Shareholder Challenge; Announces Corporate Governance Initiatives
Cutter & Buck Inc. has accelerated its previously announced initiative to eliminate its classified board structure and the related supermajority vote requirement. If the company's proposal is approved by shareholders at their upcoming meeting, all me
Mervyns to Focus on West and Southwest; Will Shutter 25% of Doors
As part of a new business strategy, Mervyns is focusing on the high-growth West and Southwest markets and its strong profitable foundation of 193 stores in 10 states. Mervyns will increase its investment in existing store operations, information technolog
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