Oakley, Inc. has signed a definitive agreement to acquire essentially all the assets of Eye Safety Systems, Inc., a supplier of military, law enforcement and firefighting protective eyewear, for $110 million cash. Upon closing, the company expects the acq
Author: SGB Media
TSM Acquires Nancy Lopez Golf
Tournament Sports Marketing Inc. has acquired the Nancy Lopez Golf (NLG) brand from Women’s Unlimited Golf. TSM, based in Waterloo, Canada, has been the Canadian licensee for NLG since its inception in 1999. NLG is one of Canada’s leading brands in women’
Hi-Tec Extends Distribution Agreement in Japan
The MoonStar Company of Japan and Hi-Tec Sports PLC inked an agreement to include distribution of Hi-Tec Golf shoes in 2007. MoonStar sells its own brands and distributs New Balance, Converse, Geox, K-Swiss and Kappa
Perry Ellis Q3 Earnings Climb on Sales Decline
Perry Ellis International, Inc. third quarter revenues were $213.2 million, compared to $220.0 million, a 3.1% decline from the comparable period a year ago. For the third quarter of fiscal 2007, net earnings were $8.2 million compared to $8.1 million for
Famous Footwear Comps Jump 8.2% in Third Quarter
Brown Shoe Company third quarter net sales increased 9.6% to $676.8 million from $617.7 million in the third quarter of fiscal 2005. Net earnings were $26.9 million or 93 cents per diluted share, inclusive of 4 cents per diluted share for stock option exp
Genesco Increases Guidance on Flat Earnings
Genesco Inc. fiscal 2007 third quarter earnings before discontinued operations were $16.0 million, or 62 cents per diluted share. Earnings before discontinued operations were $16.2 million, or 62 cents per diluted share, for the third quarter of fiscal 20
LaCrosse Lands Calgary Fire Boot Contract
City of Calgary has awarded LaCrosse Footwear a supply and delivery contract for the Gunnison Bunker Boot for the Calgary Fire Department. The City of Calgary contract commences immediately for a one-year term with nine optional years. The first order is
CamelBak Hired New EU Sales Director
Massimo Fregonese has joined the CamelBak team as Director of European Sales. Fregonese comes to CamelBak with over 12 years of European cycling industry experience, most recently at Selle Royal S.P.A. in Italy. During his time at
Selle Royal, Fregonese h
TSA Lands Eight Copelands Leases; More to Come
Copelands' Enterprises, Inc. has assigned the leasehold interests in eight former Copeland Sports retail store locations to a subsidiary of The Sports Authority, Inc. The transaction, which was approved by the bankruptcy court, is expected to be foll
Orange 21 Slips to Q3 Loss as Organic Sales Decline
Orange 21 Inc. net sales for the third quarter of 2006 increased 5.2% to $11.4 million compared to $10.8 million in the third quarter of 2005. Excluding the sales from LEM, the Company's sales declined approximately 5% due to ongoing manufacturing an
Nike Cuts Soccer Ball Production Due to Labor Violations
Nike is ceasing orders with its hand-stitched soccer ball supplier, Saga Sports, based in Sialkot, Pakistan, due to the contract factory's failure to correct significant labor compliance violations. As a result, Nike is limiting its supply of hand-st
Thule Goes Direct in Canada
After over 25 years of working exclusively with Canadian distributor Sport Dinaco, Thule will assume all distribution and sales of Thule products in Canada starting in the spring of 2007. The change is a result of Thule’s recent acquisition of SportRack,
SSG Shareholder Suits Against Collegiate Pacific Dismissed
Costa Brava Partnership III L.P., Greenwood Capital L.P., and Greenwood Investors, L.P. each voluntarily dismissed, without prejudice, legal complaints filed against Collegiate Pacific Inc., Mr. Geoffrey P. Jurick, Thomas P. Triechler, Peter Bunger and Te
OIF Searches for the Next Outdoor Idols
The Outdoor Industry Foundation is accepting nominations for the second class of Outdoor Idols. The award honors eight young outdoor athletes who excel in their respective sport(s), embrace the spirit of the active lifestyle, set trends for the next gener
Timberland Potentially Looking at Sale
According to the Wall Street Journal, Timberland is exploring strategic options for the company, including a potential sale. The Journal cited “people familiar with the matter” as their source of the information. Timberland is reportedly valued at nearly
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