Dick's Sporting Goods, Inc. has entered into a definitive stock purchase agreement to acquire Chick's Sporting Goods. Under the terms of the agreement, Dick's has agreed to pay approximately $40 million in cash for the outstanding equity of
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
Forzani to Acquire Athletes World
The Forzani Group Ltd. plans to acquire Athletes World Limited. On October 30, 2007, Athletes World, a Canadian retailer of athletic and recreational footwear and apparel, sought and obtained protection under the Companies' Creditors Arrangement Act.
Mizuno H1 Sales Up 8%; Net Income Falls
Mizuno Corp. saw first half net sales increase 8.0% to ¥46.91 billion ($729.1 mm) from ¥80.50 billion ($698.7 mm) in the year-ago half. Gross margins declined 70 basis points to 41.9% of sales from 42.6% last year. Net income dropped 38.0% to ¥2.07 billio
Asics Sees Strong U.S. Results Boost First Half
Asics Corp. reported that first half revenue increased 14.0% to ¥108.74 billion ($912.3 mm) from ¥95.40 billion ($828.1 mm) for the same period last year. Net income jumped 18.2% to ¥8.29 billion ($69.6 mm) from ¥7.02 billion ($60.9 mm). Continuous stron
ThirtyTwo Adds Merchandiser and Sales Manger to Team
ThirtyTwo has added Abe Gilreath and Brad Alband to the brand team. The brand’s recent hires, Abe Gilreath as merchandiser and Brad Alband as domestic sales manager, bring an array of outerwear experience…
Puma Establishes Romanian Subsidiary
PUMA has set up a 100% owned subsidiary, PUMA SPORTS ROMANIA, based in Bucharest, which will become operative on January 1, 2008 as the company continues to further expand globally in Phase IV of its long-term development plan. PUMA’s sportlifestyle produ
SGMA: Serious Players Continue to Dominate Team Sports
While 31.6 million U.S. children (age 6-17) participate in team sports on a ‘frequent,’ ‘regular,’ or ‘casual’ basis, nearly 19 million U.S. children do not participate in team sports at all. That’s one of many findings in U.S. Trends in Team Sports (2007
Brazil National Soccer Team Unveils New Kits
Set against the backdrop of the Granja Comary, the official training facility of the Brazilian Football Confederation (CBF), all 22 members of the Brazilian National Football Team appeared together to debut their new National Team Kit that will be worn du
Genesco CEO Denies ‘Defrauding UBS’
Hal N. Pennington, chairman and CEO of Genesco Inc., responded to the filing of a counterclaim by UBS against Genesco. “For 46 years, I have been privileged to work with a wonderful group of people, in a business that I love, for the benefit of our shareh
Park and Sun Names National Sales Manager
Park & Sun Sports announces the addition of Matt Torson as their new national sales manager. Matt’s experience includes more than a decade of experience with Classic Sport where he was Director of Business Development. With Classic Sport, Torson was instr
True Temper Q3 Loss Widens
True Temper Sports, Inc. recorded a 12.3% increase in thrid quarter net sales to $24.1 million from $21.5 million for the same period in 2006. Adjusted EBITDA (defined below) for the third quarter decreased to $1.6 million from $4.3 million in the third
The Athlete’s Foot Opens First Next Generation Store
The Athlete’s Foot will open its first next generation TAF performance store in Tuscaloosa, Alabama. The Tuscaloosa franchise location is the first in the world to feature the new store design, logo and merchandising system that was announced by TAF’s par
U.S. Soccer Announcing Marketing/Communications Personnel Changes
U.S. Soccer’s longtime Director of Communications Jim Moorhouse will transition to the role of director of youth national teams. In addition, Mike Gressle has been named the director of marketing & communications and Neil Buethe has been named the senior
Sport-Haley Fails to Have Minimum Market Value for NASDAQ
Sport-Haley, Inc. received a letter from the Nasdaq Stock Market, Inc. dated November 13, 2007, notifying the company that for the last 30 consecutive days its common stock has not maintained a minimum market value of publicly held shares of $5,000,000, a
Shoe Pavilion Names McHugh as EVP and CFO
Shoe Pavilion, Inc. has appointed Michael P. McHugh as EVP and CFO. Mr. McHugh has over 35 years' financial and accounting experience, including 12 years as the SVP and CFO of J. Crew Group, Inc. and five years as the SVP and CFO of Authentic Fitness
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