Performance Fibers, an affiliate of Sun Capital Partners, has acquired the North American business of Diolen Industrial Fibers, Inc. The North American business of Diolen Industrial Fibers, Inc. is headquartered in Scottsboro, Ala. where the company has p
Author: SGB Media
Torelli ‘Verona’ and ‘Lugano’ Tires Recalled
The U.S. Consumer Product Safety Commission and Torelli Imports have recalled about 1,100 Torelli Verona and Lugano Open Tubular bicycle tires with folding Kevlar beads. The tire can separate from the wheel, resulting in a flat tire. This can cause the ri
Second Quarter Earnings Double at The Sports Authority
The Sports Authority sales for the second quarter were $617.0 million compared with $605.0 million in the prior year's second quarter, an increase of $12.0 million, or 2.0%. Comparable store sales increased 0.2% and Diluted EPS was 53 cents, above pr
Foot Locker Q2 Earnings Nearly Halved on 2% Sales Gain
Foot Locker second quarter net income decreased to 28 cents per share, or $44 million, from 53 cents per share, or $82 million last year. Second quarter results in 2004 included an income tax benefit of $37 million, or 24 cents per share, related to disco
Big Agnes Taps Swanson to Run Tent Line
Big Agnes has hired Bob Swanson as its Tent Line Manager. An industry veteran and well-known player in the shelter design world, Swanson will control creation and development of all Big Agnes tents, effective immediately. Swanson’s industry roots stem fr
Cloudveil Goes Fly Fishing
Cloudveil launched an entirely new line of angling products, set for debut at the Fly Fishing Retailer Show in Denver. Originally code-named Project 8x, Cloudveil's new angling program has been more than two years in the making and is being led inter
NSGA: Women Are Influential Equipment and Footwear Customers
NSGA’s recent study, “The Sporting Goods Market in 2005,” found that females are significant purchasers in many important footwear and equipment categories. In 2004, females purchased 54% of the $14.8 billion of athletic footwear sold at retail. Specifica
Gander Taps Home Depot Veteran for Merchandising EVP
Richard Vazquez is joining Gander Mountain as executive vice president of merchandising. Vazquez has served in various positions at Home Depot since 1994, most recently as vice president, merchandising and marketing, Mexico Division, where he oversaw all
Gander Closes $20 million Note Placement
Gander Mountain completed a private placement of $20.0 million of floating rate convertible subordinated notes with David C. Pratt, a private investor. Pratt also owns 1.4 million shares of Gander Mountain Company common stock…
Gander Mountain Net Loss Doubles on 4.2% Comp Sales Decline
Gander Mountain, second quarter fiscal 2005 sales increased to $173.6 million, an increase of 35.5% over the second quarter of fiscal 2004. Comparable store sales decreased 4.2% after an increase of 1.8% in the second quarter of fiscal 2004. The net loss
American Hiking Society National Trails Fund Applications Under Way
American Hiking Society is currently accepting applications for the 2006 National Trails Fund. The National Trails Fund is the country's only privately funded grants program providing financial assistance to grassroots organizations working toward es
John Pagotto Leads Buy-out of TPS Hockey
TPS Hockey and its parent company Hillerich & Bradsby Co., of Louisville, Kentucky have signed a Letter of Intent to sell majority interest in their global hockey operation to TPS Sports Group Inc., a Canadian Company, lead by industry veteran John Pagott
Dick’s Q2 Comps Increase 0.5%; Cuts Fiscal Year Guidance
Dick's Sporting Goods net income for the second quarter ended July 30, 2005, excluding merger integration and store closing costs and gain on sale of investment, was $24.2 million, or 45 cents per share, as compared to GAAP net income and earnings pe
Giannulli Withdraws Mossimo Bid
Mossimo Giannulli, founder, Chairman of the Board and Co-Chief Executive Officer of Mossimo, is withdrawing his proposal to acquire all outstanding shares of the Company not owned by him at $4.00 per share. Giannulli said that while he remains interested
prAna Launches New Wind Power Initiative for 100 Retailers
In a move that underscores the company's commitment to being part of the solution, prAna announces the prAna Natural Power Initiative, which will provide renewable wind energy to 100 of its retailers across the nation. PrAna's wind power
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