The Canadian Parks and Wilderness Society (CPAWS) has expanded the boundaries of Nahanni National Park Reserve by seven million acres. The Conservation Alliance supported this effort with two grants totaling $50,000 in 2006 and 2008…
Author: sportsoneauthor
First Quarter Results Mostly Weak for Vendors
Industry vendors last year at this time were still feeling pretty good after posting fairly solid results for the first quarter, but many were already starting to ponder the effects of increased costs out of Asia cutting into margins in the back half of t
New Balance Ekes Out Sales Gain in ’08; Launches American-Made Campaign
New Balance's global sales rose slightly in 2008 as a modest decline in domestic sales was offset by strength in international sales. Worldwide sales inched ahead 0.6% to $1.64 billion from $1.63 billion, according to its recently-released fact sheet
The Golf Market Holding Its Own in Tough Economy
As the golf industry works its way through perhaps one of the most bizarre major tournaments in memory, the stops and starts at the U.S. Open remind many of the golf business as a whole this year as the market looks to find any indication of a trend that
Sportsman’s Warehouse Seeks DIP Loan Amendment
The Sportsman's Warehouse, which is reorganizing in bankruptcy court proceedings, is seeking to amend its debtor-in-possession financing facility after defaulting on its credit agreement. The amended facility would enable the hunt and fish retailer t
Smith and Wesson Acquires USR
Smith & Wesson Holding Corporation has entered into a definitive agreement to acquire Universal Safety Response, Inc., a privately held, full-service security systems solutions provider, for up to 9.7 million shares of common stock and up to $26.2 million
Active Ride Shop Sees Surprise Buyer Emerges Winner in Auction
A Florida real estate and hotel developer with a background in the garment industry became the surprising winning bidder in a bankruptcy auction for Active Ride Shop, beating out Zumiez and three other bids in the process. Issa Ladha's Lifestyle USA’
Adrenalina Takeover Attempt of West 49 Looks to be Dead
At its annual meeting, West 49 Inc. said a takeover attempt by Adrenalina Inc. appears to be dead after the potential buyer stopped negotiations. Sam Baio, CEO of the Canadian action sports chain, said he hasn't heard from Adrenalina since the initia
Pacific Cycle Increases Bid to Acquire Iron Horse Bicycle
Pacific Cycle increased its bid to buy Iron Horse Bicycle Co. — which is reorganizing in bankruptcy proceedings — to $2.7 million. With another bid already in from Outdoor Cycle Group, an auction to entertain all bids for the bicycle manufacturer is now
Paddlesports Vendors Look for New Selling Solutions
The shift in the timing of Outdoor Retailer Summer Market to earlier July dates this year, coupled with the current economic conditions, has apparently caused many specialty paddlesports retailers to forgo attendance of the show this summer…
Diadora America President Sees Positives in Parent Company Acquisition
Diadora SpA last week reached an agreement to be acquired by Geox SpA's founder and chairman Mario Moretti Polegato through his family's investment arm, Lir. Speaking to Sports Executive Weekly, Bill Nuttall, president of Diadora America, said t
Eddie Bauer Files for Chapter 11 Protection; Prepares for Sale
Eddie Bauer Holdings Inc. filed for Chapter 11 bankruptcy protection last Wednesday as part of a proposed sale to affiliates of CCMP Capital Advisors LLC. The deal is expected to be worth $202 million in cash with working capital and similar adjustments
Accell Group Expands in Finland with Hellberg Acquisition
Accell Group N.V., which consists of bicycle brands such as Batavus, Ghost, Hercules, Sparta and more, has reached an agreement to acquire all shares in Raul Hellberg Oy and affiliated companies…
Amer Sports 2009 Outlook Clouded
Amer Sports stated that their full-year outlook is “clouded by the uncertainty in consumer demand in general.” The company said that pre-season orders in winter sports equipment for fall/winter are roughly flat to last year's level, a result that re
The BPA Debate Continues
Confusion continues to swirl over the danger – or lack thereof – of products containing BPA, or Bisphenol A. A survey recently released by the Statistical Assessment Service (STATS) at George Mason University found that media reports of alleged health ris
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