Bill Perez knew that his move to Nike, Inc. would be an exciting ride, but the company’s president and CEO got more than he bargained for last Monday. National media rushed to a scene that had four execs circling Portland, Ore. for six hours as the compa
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
adidas Names Langstaff President for North America; California ‘Roo Suit Dismissed…
After a year of turnaround that has seen the brand recapture momentum in the U.S. market, adidas-Salomon AG announced last week that 14-year brand veteran Rob Langstaff has been appointed president of adidas America Inc., effective January 1, 2006. Langs
Genesco Continues to Score Big in the Mall…
Genesco Inc. was able to overcome tough comparisons to a strong third quarter last year, and challenges from hurricanes and rising gas prices this year, to deliver a solid top-line effort in the quarter ended October 29. The company saw balanced sales gr
Famous Footwear Posts Solid Q3 Despite Weaker BTS Athletic Business…
Brown Shoe Company moved further into its strategy to strengthen its specialty retail and wholesale businesses in the third quarter, but the expenses attributed to the changes had less of an impact than they did in the second quarter. Excluding after-tax
Sport-Haley Narrows Fiscal Q1 Loss on Cost Cutting Measures…
Sport-Haley cut its net loss for the fiscal first quarter ended September 30 to only $426,000, or a loss of 16 cents per share, compared with a net loss of $1,276,000, or 52 cents per share last year. This improvement was achieved in spite of a considera
Collegiate Pacific and Sport Supply Call Off Merger after Shareholder Suits…
After reporting combined results with Sport Supply Group, Collegiate Pacific has had to back-pedal, announcing last week that the companies have mutually agreed to terminate their merger agreement. This announcement comes on the heels of a pair of lawsui
K2 Outerwear Group Takes Shape Under Marmot…
All sales, marketing, and product development operations of the K2 Snow apparel brand have fully transitioned from K2 Sports in Vashon, Wash., to operate under Marmot in Santa Rosa, Calif. K2 Inc. acquired Marmot in 2004, enabling the company to establis
Perry Ellis Dives Deeper into the Action Sports Market…
Perry Ellis International seems to be taking a closer look at the Action Sports industry, changing its Swim division into an Action Sports/Active group after acquiring the Gotcha brand and its trademarks. PERY took its actions in the industry a step furt
BRS Fuels Further Growth at Levtran…
Private equity firm Bruckmann, Rosser, Sherrill & Co., L.L.C. continues to have an appetite for the sporting goods industry, making another deal last month to fund an MBO at Levtran Enterprises, which operates the Downtown Locker Room and DTLR businesses
China Commits to Offensive Against Golf Counterfeitors…
The U.S. Golf Manufacturers Anti-Counterfeiting Working Group, which includes the Acushnet Company, Callaway Golf, Cleveland Golf, MacGregor Golf, Nike, PING, and TaylorMade-adidas Golf, announced last week that the Chinese government has launched a major
House Passes Budget; ANWR Saved for Now, but Other Lands Threatened…
The U.S. House of Representatives managed to pass the budget reconciliation bill just before adjourning for the Holiday. The vote went along partisan lines and narrowly passed by a 217 vote in favor with 215 opposed. 14 Republicans joined all voting Democ
Liberty Helps VauDe Post Strong Pre-Season…
VauDe is looking at double digit pre-season order increases for the summer 2006 season for both the German and the international market. The strongest growth was reported in the apparel and backpack product lines, but positive pre-season gains were seen i
The Acquisition Environment Heats Up Again…
The pace of acquisitions in the Outdoor, SnowSports, and Action Sports industries appeared to have eased after two years of heavy activity, but just when the tempo seemed to have peaked, a flurry of new deals came through that surpassed what many thought
Shoe Pavilion Names Watanabe as CFO
Shoe Pavilion, Inc. announced the appointment of Neil Watanabe as its EVP and CFO reporting to CEO, Dmitry Beinus. Mr. Watanabe will be replacing John D. Hellmann, VP-finance and CFO, who resigned effective November 21, 2005, in order to remain in Norther
Vital Apparel Acquires InSport International
Vital Apparel has acquired InSport International Inc., a manufacturer of performance running, training, and triathlon apparel. Terms of the transaction between the two privately held companies were not disclosed. The companies see InSport taking advantage
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