Watermark has decided to consolidate all of its warehousing and shipping through an outside contractor, Patterson Warehousing, based in Memphis Tennessee. The decision will close down Watermark’s two current DC’s in Piedmont, South Carolina and Otay, Cali
Author: SGB Media
Yue Yuen Sees Margins Tighten in Q2; Athletic Continues to Shrink…
Yue Yuen continued to diversify and reduce its dependence on the U.S. athletic footwear market. The first half of fiscal 2004 proved to be solid for the Hong Kong based manufacturer, with total company sales increasing 1.3% to $1.26 billion from $1.24 bil
B.O.S.S. Goes One-On-One with Scott Montgomery…
Scott Montgomery was recently appointed General Manager of Scott USA Bicycle and will lead the effort to bring Scott bicycles to the U.S. market from Europe. He was most recently VP of Marketing for Cannondale. Scott started his career at Cannondale worki
Volkl Apparel Hires New U.S. Reps
After launching their apparel line in the US for 04/05, Völkl Performance Ski Wear has added two reps in the West to help build their sales force to six for 05/06. Tracy Ross will cover the states of Alaska, Idaho, Montana, Oregon and Washington. Represen
Dick’s Acquires Galyan’s in $362mm Deal
Dick's Sporting Goods and Galyan's Trading Company have entered into a definitive agreement and plan of merger for Dick's to acquire all of the issued and outstanding stock of Galyan's. Under the terms of the agreement, Galyan's s
Backcountry.com Named Ernst and Young’s Utah Entrepreneurs of the Year
Amid the dressed up and glamorous setting of the Salt Palace Convention Center, members of the Salt Lake City business community singled out Backcountry.com co-founders Jim Holland and John Bresee as Ernst & Young’s Entrepreneurs of the Year for the Utah
Limited Brands Stake in Galyan’s to be Sold
As a part of the acquisition of Galyan's Trading Company, Inc. by Dick's Sporting Goods, Limited Brands' stake in Galyans will be sold at the transaction price of $16.75 per share. Limited Brands owns 3.9 million shares, or 22%, of Galyans
Bluetorch to Acquire Island Tribe
Bluetorch has signed a letter of intent with Laguna Niguel, CA based Island Tribe Inc. to purchase a majority interest in the surf apparel brand. Bruce MacGregor, President and CEO of Bluetorch Inc. stated, “This is one of the freshest brands I have seen
CSC USA Sees a Solid Ski Season for Colorado
At its annual meeting, Colorado Ski Country USA President and CEO Rob Perlman reported the state hosted more than 11.2 million skier visits this season as in-state enthusiasts showed their discernment for perfect weather patterns, destination skiers numbe
SCOTT USA Hires Addicott for Northern California Market
SCOTT USA has hired Eric Addicott to will spearhead the company’s move into the Northern California market. After graduating from UC Santa Barbara with majors in Economics and Psychology, Addicott managed a successful start-up athletic apparel store for
REI Plans to Open New California Store
REI announced plans to open a store in Encinitas, Calif., in November 2004. The 22,500 square-foot store, in Plaza at Encinitas Ranch will be about 20 miles north of the REI San Diego store opened in 1988. It will employ about 70 full- and part-time staff
Reebok to Close Hockey Company Acquisition
Reebok has acquired approximately 92% of the outstanding shares of The Hockey Company Holdings for C$21.25 in cash per share under the offer Reebok made last month. Reebok has obtained all regulatory approvals needed in order to consummate the acquisition
U.S. Postal Team will Become Discovery Channel Pro Cycling Team
Discovery Communications has signed a new global partnership to become the title sponsor of five- time Tour de France champion Lance Armstrong's U.S. Postal Service Pro Cycling Team, the only American team to have won the Tour de France. Beginning in
Miles Gaddy to cover New England for SCOTT USA
SCOTT USA has hired Miles Gaddy as its New England territory agent. He brings more than 25 years of sales and management experience to the Scott USA sales team. Having made the progression from mechanic, to bike shop manager, to inside sales representativ
Booth Creek Sees Fewer Skiers in Q2; Season Pass Revenues Up 18%
Booth Creek Ski Holdings reported total skier visits for the fiscal quarter ended April 30, 2004, were 1,028,000, a decline of 12,000 visits, or 1%, from the 2003 fiscal quarter. For the six months ended April 30, 2004, total skier visits were 1,981,000,
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