In a market environment that tends to see a new acquisition or merger deal each week, it now appears that the absence of a deal after some wild speculation now garners as much attention. It is interesting to note that while the stock market has been on a
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
Payless Posts 5% Q1 Comps, Plans New DC; COO Exits…
Fresh off its announced plan to acquire Stride Rite, Inc., Payless ShoeSource, Inc. reported first quarter results that included single-digit gains on the top and bottom lines and were among the best to come out of family footwear retail. In addition, PSS
More Execs Make Moves…
Payless’s EVP/COO was not the only key executive to move about last week as several sporting goods companies saw new faces in high level roles, while others saw old faces depart. Hibbett Sports, Inc. saw president Brian Priddy resign; Fila USA named Andr
Genesco Looks Forward to Anniversary of Negative Trends to Offset Urban Declines…
Genesco Inc. lived up to its lowered expectations for the first quarter as the negative impact of its urban stores overshadowed upside elsewhere. The Journeys Group again posted “solid sales growth” and the company is also reporting some solid performanc
Nike’s Latest Corporate Social Responsibility Report Sets New Benchmarks…
Nike released an updated version of its Corporate Social Responsibility report last week, and while many mainstream media outlets reduced its contents to a simple reduction in overtime, the company actually laid out a broad series of goals that will likel
ACI International Picks up Licenses for Original Penguin, Other PERY Brands…
Perry Ellis International entered into licensing agreements with ACI International, Inc. for four of its brands in footwear last week. ACI will take over design, manufacture and distribution duties for the Perry Ellis and Perry Ellis Portfolio brands as w
Rocky Brands Uses Private Placement to Pay Off Debt…
Rocky Brands, Inc. issued $40 million worth of fixed rate Senior Notes in a private placement with Laminar Direct Capital and Whitebox Advisors that allows the company to pay off outstanding debt as well as to gain cash for working capital and general cor
Everlast to Be Acquired by Licensee…
Everlast Worldwide Inc. signed a definitive agreement to be acquired by The Hidary Group, for $26.50 per share in cash, a 14.5% premium to its closing price on May 31, 2007, and a 30% premium to the average closing price over the last month. The total val
Descente’s Growth Stymied by Taxes…
Japan-based Descente, Ltd. continued to see more of its business come from international markets during the year ended March 31, 2007; however, taxes back home caused the company to see an overall sales increase be negated before reaching the bottom line.
NGF: Weather Slows Rounds Played in April…
After strong gains in March, April was a disappointment for golf courses as rounds played were down 15.1% on a same-store basis, according to the National Golf Foundation. NGF attributed the weak results primarily to poor weather. The year-to-date figure
Crocs Awarded $1.8 Million in Jibbitz Infringement Case…
Crocs, Inc. is back on the war path in court, this time defending copyrights and trademarks for its subsidiary, Jibbitz, LLC. The judgment from the U.S. District Court in Nevada awarded Jibbitz $1.8 million in addition to attorneys fees and other costs i
Asolo/Lowe Alpine Group on Positive Trend…
The news was positive coming out of the Asolo/Lowe Alpine Group’s annual sales meeting, held May 17-19 in Treviso, Italy. The global gathering was comprised of about 200 attendees and included 70% of the company’s subsidiaries, as well as new distributors
SSV to Acquire 18 Breeze Ski Rental Shops…
Specialty Sports Venture, a joint venture that is majority-owned by Vail Resorts and managed by Ken Gart, entered into an agreement to acquire 18 Breeze Ski Rental shops at locations throughout Colorado, Utah and California for $6.5 million. With this acq
Thule Gets New Private Equity Owner…
Thule has traded hands to yet another private equity firm – the third owner in five years. Nordic Capital Fund VI signed an agreement late last week to acquire the Thule Group from Candover. While both parties reportedly agreed to keep terms of the deal a
Former Cloudveil Owners Acquire Ouray Sportswear…
Jalex Group, the former ownership group behind Cloudveil, has acquired the Ouray Sportswear. Terms of the transaction were not disclosed. Under the agreement, O Holdings, an affiliate of the Denver-based private equity investment firm, has capitalized a n
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