GFSI, Inc., the parent company to Gear for Sports, has commenced an exchange offer which sees the company issue $134.9 million in 11% Senior Secured Notes due 2011 for the same amount of 9-5/8% Senior Subordinated Notes due in 2007. Meanwhile, GFSI in Oc
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
Amer Sports Defines Salomon Senior Team…
Following the successful acquisition of Salomon, Amer Sports Corporation is reorganizing the management structure of the French company and its subsidiaries. Jean-Luc Diard will remain in his position as president of Salomon and Philippe Dubé also remain
DSW Sees a Strong Start to Fourth Quarter…
DSW Inc. said that third quarter comps were up across all regions for the third quarter ended October 29, with a “slightly higher performance” coming out of the West. The women’s business drove the total comp store sales increase for the period, posting
Meers Takes Helm at lululemon After Investment…
lululemon athletica, an athletics and yoga apparel specialty retailer based out of Vancouver, Canada, will get a new minority partner and a new CEO in a deal that sees Advent International and Highland Capital Partners invest approximately $195 million in
Acquisitions Help a ‘Very Different’ G-III in Q3…
G-III Apparel Group saw its acquisitions of Winlit and Marvin Richards add substantial help on top of its organic sales growth during the fiscal third quarter ended October 31. On a conference call with analysts, management referred to “a very different
Clark Foam Closes Doors, Surf Industry Left Reeling…
Shockwaves rippled through the surf industry this week as blank surf board manufacturer Clark Foam suddenly closed its doors. Dave “Grubby” Clark sent out a letter to members of the industry detailing his complaints against what he felt was an attack aga
Team Buying Groups Ponder One Show Location…
Executives from three major buying groups, including Don Sonandres from Athletic Dealers of America, Jim Chandley and Stuart Snow from Nation’s Best Sports, and Phil Steele from Team Athletic Goods, met at NSGA headquarters recently to discuss the possibi
Sears Holdings Looks to Acquire Sears Canada…
Sears Holdings Corporation is proposing to acquire all of the outstanding common shares of Sears Canada Inc., other than those already held by Sears Holdings and its affiliates, for CN$16.86 per common share in cash, after the distribution to shareholders
OGIO Fights Golf Bag Patent Infringement…
OGIO announced that it has issued more than a dozen cease-and-desist letters to golf retailers and bag manufacturers throughout the U.S., citing patent infringement of its Woode organization technology. The letters have been issued throughout the past six
Sport Chalet Settles Suit Over Recap Efforts…
Sport Chalet was able to reach agreement last week in a class action suit that challenged the structure of the recapitalization efforts by the SPCH board that created Class A and Class B shares, increased the number of outstanding shares, distributed Clas
adidas Unveils 2006 Match Ball after Smartball Plans Shelved for World Cup…
adidas expects to sell ten million official FIFA World Cup balls, but the company will not have its “smartball” in play for the event to be held in Germany next summer. Company CEO Herbert Hainer said they sold almost six million of the 2002 World Cup ba
Umbro Gets Boost From World Cup, Foot Locker…
Umbro worldwide year-to-date sales are up 4.7%, according to a company stock market update to investors and analysts. The company also reported that pre-season orders for England licensed product are already ahead of Euro 2004 sales. Umbro's sales e
Shoplifting Up This Holiday…
A new University of Florida retail study found that inventory shrinkage — a combination of employee theft, shoplifting, vendor fraud and administrative error — cost the nation's retailers close to $31 billion last year. University of Florida crimin
NRF Port Tracker: Ports Free of Congestion Worries…
The NRF and Global Insight released the December Port Tracker Report, stating that the West Coast ports covered by the report were given a “medium” congestion rating in November reflecting railroad delays as a result of Hurricane Katrina, though the ports
Brunswick Moves Fast to Fill Chairman/CEO Role…
The Brunswick Corp. board of directors moved quickly to replace departing chairman and CEO George Buckley, naming current boat division chief, Dustan McCoy, as the new chairman and CEO of the corporation. Buckley is leaving to be the chairman, president
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