In early 2002 American Skiing Company and triple Peaks Inc. entered into a deal that should have resulted in Triple Peaks becoming the new owners of the Steamboat Ski resort for $91.4 million. At the time AESK was having financial problems and needed to s
Author: SGB Media
Black’s Leisure Leverages Diversity…
British sporting goods and outdoor retailer Black’s Leisure Group reported that sales for the first 19 weeks of the company’s fiscal year increased 17.5%, partially due to the addition of eight new stores. Comparable store sales increased 4.2% during the
Atomic Prez Sheds More Light on SBU…
Shortly after publication last week, BOSS managed to catch up with Atomic president Jack Baltz, who shed some light on his decision to launch a Small Business Unit covering the Mid-Atlantic and New York territories. Baltz said that the New York/New Jersey
Rebel Sports Reports Solid YTD
New Zealand’s Rebel Sports is reporting that it’s 2003-04 fiscal year sales were up 10.3% to NZ$305.4 million ($192.0 million). Results included the recently acquired ‘Glue’ lifestyle stores. Comparable store sales for the chain, including Glue, increased
Former Galyans Execs Place Blame at the Top; Point to Loss of Galyans Culture…
Many laid the blame for the Galyans collapse on Bob Mang, who reportedly had little support from employees that still yearned for the days of Pat Galyan’s leadership, but was given free reign by the Board. Many industry watchers look to Galyans’ overall
Physical Fitness Tops When it Comes to Participation…
Based on data outlined in the recently released Sports Participation in America report from SGMA International, America’s seniors are focusing on health and wellness more, pushing participation in low or non-impact fitness activities higher, while the you
Oakley Warns on Soft Q2; Shares Sink…
Oakley has lowered its earnings and sales guidance for the 2004 fiscal year to reflect what the company is describing as softer than expected sales in the second quarter and production shortfalls that resulted in decreased inventory turns. The company pr
Russell Boosts Q2 Guidance; Now Has (Tiny) Slice of K2 Inc…
Russell Corporation is benefiting from K2 Inc.’s acquisition of Marmot Mountain last and will realize a gain of approximately 8.5 cents per share in the second quarter for their interest in Marmot. K2 told SEW last month (SEW_0425) that the deal included
Stride Rite Licenses PRO-Keds Brand to Rocawear’s Damon Dash…
Stride Rite Corp. has entered into an exclusive licensing agreement with Hip-Hop Mogul Damon Dash, CEO of Rocawear clothing and Roc-a-fella records, for the distribution of men's, women's and children's footwear under the PRO-Keds brand. Th
Wolverine Works on New Merrell Structure to Energize Performance Products…
Wolverine World Wide saw a much more balanced growth trend in its brand portfolio in the second quarter, posting good increases across the board with the exception of Wolverine boot sales and CAT footwear. Total sales for the quarter increased 8.0% to $1
NRF Seems to be Hedging Bets After U.S. Commerce Dept. Retail Report for June…
The U.S. Commerce Department reported last week that retail sales in GAFS category, which includes most general merchandise categories, rose 5.9% over last year and were flat compared to May of this year. Total retail sales had jumped 7.6% versus last, d
Burton to Acquire Four Star Snowboard Brands…
Burton Snowboards has signed a letter of intent to acquire four snowboard brands from Four Star Distribution – Forum, Special Blend, Jeenyus and Foursquare. Once this acquisition is complete, slated for August, it will mark the first time that Burton will
Cybex Q2 Profits Jump; Secures New Debt Facility…
Cybex International saw net sales for the second quarter ended June 26, 2004 increase 13.7% to $24.0 million from $21.1 million in the year-ago period. Net income was up almost four-fold, delivering $833,000, or 8 cents per diluted share, in profit in the
Gildan Closes Plant after FLA Probe…
Gildan Activewear will close its El Progresso plant in Honduras this month and in the process lay-off around 1,800 workers. The company has been accused of labor violations at the plant, but insists that its closure is not related. According to a local
Atomic Prez Sheds More Light on SBU…
Shortly after publication last week, SEW’s sister publication, The B.O.S.S. Report, managed to catch up with Atomic president Jack Baltz, who shed some light on his decision to launch a Small Business Unit covering the Mid-Atlantic and New York territorie