Marking its fifth acquisition in the past five years, Billabong International Ltd. reached an agreement to buy surf accessories maker DaKine Hawaii Inc. for as much as $133 million. The DaKine purchase will add accessories such as surfboard bags and snowb
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Billabong’s FY Earnings Climb 5.5%
Billabong International Limited announced a net profit after tax (NPAT) of A$176.4 million ($155.2 million) for its fiscal year ended June 30. The represents a 12.6% gain in constant currency terms and 5.5% in reported terms, reflecting the strength of th
Perry Ellis Suffer Q2 Loss
Perry Ellis International, Inc. reported a net loss in the second quarter was $5.4 million, or 36 cents per fully diluted share compared to net income of $267,000, or 2 cents per share, last year. The latest quarter was impacted by a combined 27 cents per
Bay Harbour to Acquire Steve and Barry’s
Bay Harbour Management LC plans to purchase out of bankruptcy the assets of Steve & Barry's for $168 million. The New York-based investment firm plans to keep open about 150 of the chain's 276 stores, according to the Bay Harbour managing princi
Shoe Carnival’s Q2 Sales Climb 2.4%; Earnings Soar
Shoe Carnival, Inc. reported earnings for the second quarter increased more than five-fold, to $977,000, or 8 cents a share,, from $167,000, or 1 cent, a year ago. Sales increased 2.4% to $158.5 million compared to sales of $154.8 million for the prior ye
Dick’s Sporting Goods Q2 Slips But Exceeds Guidance
Dick's Sporting Goods reported net income slid 5% in the second quarter ended Aug. 2, to $45.5 million, or 39 cents per diluted share, excluding the impact of costs related to the Golf Galaxy integration. The results exceeded earnings guidance provid
SGMA Fitness Survey: 34% of Americans Frequent Exercisers:
While the fitness category in the U.S. is showing signs of maturity, there remains potential for significant growth. According to the Sporting Goods Manufacturers Association’s Tracking the Fitness Movement (2008 edition), the fitness category has more pa
Bob’s Stores Sold to Private Equity Group
TJX Cos. Inc. announced the sale of Bob's Stores to a pair of private equity firms, Versa Capital Management and Crystal Capital. Terms of the sale weren't disclosed. However, the deal will result in a $15 million, or 3-cent-per-share charge, in
NFL Wins Suit Against American Needle
The National Football League won a licensing suit against American Needle over its past deal to make Reebok its exclusive headwear licensee. The U.S. Court of Appeals for the 7th Circuit affirmed a summary judgment ruling that the National Football League
Cabela’s Considering Second Michigan Location
Michigan could be getting a second Cabela's outdoor equipment store, in the Grand Rapids suburb of Wyoming, according to the Associated Press. Michigan Gov. Jennifer Granholm said officials hope a 125,000-square-foot Cabela's will anchor a new r
Nike to Open Concept Store in SOHO
Nike plans to open its first stand-alone retail location for its Nike Sportswear line this Friday, August 22nd. The store front, located at 21 Mercer Street in New York's SOHO district, will be the only place globally to carry the complete Nike Sport
Sports Authority Opens 11 Stores in One Day
Sports Authority opened 11 stores in eight states on August 16 as part of an overall push to add 37 new stores around the country during 2008. The new stores, averaging 40,000 square feet, opened last Saturday included locations in Omaha, NB.; Kansas City
Heelys Rejects Skechers Second Bid
Heelys Inc. rejected a second unsolicited buyout offer from Skechers USA Inc., saying the $142.8 million cash offer is too low. In a statement issued after the market close on Tuesday, the maker of wheeled shoes for children said its board rejected Skeche
PacSun Adds Board Member
Pacific Sunwear of California, Inc. appointed William Cobb to its board of directors. Cobb previously worked for eBay, Inc. from 2000 to 2008, where he most recently served as president of eBay Marketplaces North America. Prior to joining eBay, Inc., he h
First Giant Bike Store Opening in October
Giant Bicycles is opening its first “Giant Bicycle Store” called Cycle Star this October in Santa Maria, CA. At the store, 90% of bicycles and parts and accessories will sold either be Giant only, or Giant distributed. Giant has partnered with Scott Clark
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