K-Swiss Inc. plans to acquire French fashion footwear company Palladium SAS. The company will buy a 57% stake in Palladium from Palladium shareholders by July 1 at a price of €5.3 million, or $8.3 million, including a loan of €3.6 million, or $5.6 millio
Author: sportsoneauthor
Several Retailers to Shutter Doors for Good (Year in Review)
A sluggish economy stampeded through an already-fragile industry like a rogue tornado in 2008, flattening everything in its path and leaving behind a smattering of once-proud companies that were unable to pick themselves off the proverbial mat…
2008 Was Rough, But What Exactly Will 2009 Look Like for the Industry? (Year in Review)
With the popping of the housing bubble quickly wreaking havoc across Wall Street and global economies, the sporting goods industry suddenly faces its biggest challenge since the Great Depression…
Moves of the Year (Year in Review)
The Forzani Group named Tom Quinn as president for both the corporate and franchise businesses…
Obituaries (Year in Review)
The sporting goods industry bid farewell to several longtime industry stalwarts this year, including William “Bill” Modell, chairman of the board of Modell’s Sporting Goods, who died February 14, 2008, in New York. He was 86 years old. Under his leaders
Court Cases of the Year (Year in Review)
Typically, the legal domain matters little in a year-in-review as the cases though lost or won, usually are limited in scope to particular patents or trademarks. However, two major cases drew the attention of the industry as a whole and might very well ha
L.L. Bean Holiday Sales Weak; Plans Layoffs
L.L. Bean is considering several cost cutting moves, including layoffs, after posting a double-digit drop in sales over the holiday period. In an e-mail to employees first obtained by the Times Record newspaper in Maine, Chris McCormick, president and chi
Foot Locker Inc. Faces Another Card Lawsuit
Foot Locker Inc. was hit by another lawsuit involving its gift cards. The complaint filed in the Superior Court of the State of California for the County of San Bernardino alleges that the retailer illegally sold pre-paid gift cards that are not redeemabl
BowTech’s CEO Stepping Down
BowTech, the world's largest bow manufacturer, announces that John Strasheim is stepping down as President and CEO, effective Jan. 15, 2009. Mr. Strasheim, also a board member for the Savage Sports Corp., is pursuing other business interests…
Puma Knives Names Distributor
Puma GmbH IP Solingen, manufacturer of Puma knives, has announced the appointment of Puma Knife Co. USA as exclusive distributor of the Puma knife brand in the United States, Canada, and Mexico, effective Jan. 1, 2009…
OBIT: Former Founder of NWTF Dies
Tom Rodgers, founder of the National Wild Turkey Federation (NWTF), passed away Dec. 25 at the Edgefield County Hospital after a long battle with cancer. Rodgers, 64, was survived by his mother, his son Mark and two sisters…
Greg Norman Collection Enters Agreement with Vantage Apparel
President and CEO Michael Setola announces that Greg Norman Collection has entered into a licensing agreement with Vantage Apparel to sell and distribute GNC apparel into the corporate sales channel. The new agreement is effective immediately…
Acushnet Vows to Press Ahead with Appeals to Pro V1 Ruling
Acushnet Company, the golf business of Fortune Brands, Inc., announced that it will move forward with the appeals process following denial of its request for a stay of an injunction regarding certain Titleist Pro V1 golf balls…
2008: A Year of Living Dangerously (Year in Review)
When looking back at the words written here one year ago, Sports Executive Weekly talked of a slowing merger & acquisition market and the challenges ahead as the sub-prime mortgage mess impacted the broader market…
Golf Rounds Played Continues to Drop in November
The Golf Datatech National Golf Rounds played showed that in most regions, golf rounds played continue to rapidly fall. According to the report, national golf rounds played in the U.S. were down 6.7% in November 2008 vs. November 2007, bringing the year-t
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