The deal that has been the talk of the hockey industry since late September finally occurred last week as Nike reported reaching a definitive agreement to sell its Bauer Hockey subsidiary to an investor group led by Kohlberg & Company and Canadian busines
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Shimano Inc. Acquires Pearl Izumi from Nautilus…
Pearl Izumi has a new owner, and it seems to be a better fit this time around. Shimano Inc., the Japanese cycling and fishing gear maker, reached an agreement to buy Pearl Izumi for $69.5 million in cash. Nautilus had put the cycling and running brand on
Volcom Sees Strong Q4 Sales Growth, but PacSun Issues Give Worry to 2008…
Volcom, Inc. posted strong growth on the top line for the fourth quarter, but saw decreased margins eat into net income for the period. The largest worry for the coming year appears to be the company’s PacSun business, which it expects to be down in the
Princeton Ski Shop Liquidates…
Princeton Ski Shop, which filed for bankruptcy last November, is liquidating. Going-out-of-business sales are starting Saturday, February 23, at its four superstores in the NY/NJ metropolitan area…
Iconix Sees Starter as Billion Dollar Brand…
In their first comments since closing the acquisition last December, Iconix Brand Group management said they see the potential for Starter to become a billion dollar brand for Wal-Mart. Starter currently does about $400 million at the discounter…
Billabong International Sees H1 Results Impacted by FX Rates…
Billabong International Limited saw currency exchange eat into its first half results as the U.S. dollar’s downturn caused its reported sales and EBITDA growth to be well below currency-neutral results. On a reported basis, net sales grew 8.4% to A$662.0
Play it Again Parent Sees Q4 Gains…
Winmark Corp., the parent of Play it Again Sports, reported Q4 sales rose 16.6% to $8 million from $6.9 million. Q4 earnings for the franchisor inched up 4.4% to $853,000, or 15 cents a share, from $817,000, or 14 cents, a year ago…
As Crocs Goes Global, Investors Fret over Rising Inventory and Headcount…
Crocs, Inc. nearly doubled its sales in the fourth quarter, capping a year in which it went from a U.S. to an international phenomenon. But the company's inventory and accounts receivable grew even faster and headcount swelled by 83%, prompting inve
Diadora Sues Skechers Over Trademark…
Diadora America Inc. and Diadora SpA filed a lawsuit against Skechers USA Inc. for allegedly infringing on its trademark with the launch of Skechers's Luger-Strafe sneaker. According to court documents obtained by Sports Executive Weekly, the Itali
Bob’s Sees Return to Profitability in Q4 Ex Charges…
Excluding an impairment charge, Bob's Stores posted a $3 million operating profit for the fourth quarter versus a loss in the prior-year quarter. Sales advanced 6.7% to $96 million from $90 million. Comps climbed 10%. With the after-tax charge of $5
Currie Tech Acquired by PE Firm…
Currie Technologies, the manufacturer of electronic bicycles and scooters, has been acquired by Risk Equity Partners, a Burbank, CA-based investment group. Larry Pizzi, president of Currie Technologies, will continue to run the company, based in Chatswort
Nike to Sponsor French Soccer…
The French national soccer team will end its long-time sponsorship deal with adidas in 2011 in favor of a $506 million contract with Nike. The French Soccer Federation said Nike outbid adidas and French company Airness, promising to pay $63.4 million a ye
Cabela’s Does Not Expect Comp Sales to Rebound until 2008 Fourth Quarter…
Cabela’s Inc. said it will shift more toward branded apparel and swap out seasonal inventory quicker to combat a 5.9% slide in same-store sales in the fourth quarter that it attributed largely to less traffic in its stores…
Obituary: San Jose’s Mel Cotton
Mel Cotton, owner of the San Jose sporting goods store bearing his name, has passed away at the age of 91. He founded Mel Cotton's Sporting Goods forty years ago…
Shimano Snaps Up Pearl Izumi…
Pearl Izumi has a new buyer, and it seems to be a better fit this time around. Shimano Inc., the Japanese cycling and fishing gear maker, reached an agreement to buy Pearl Izumi for $69.5 million. Nautilus had put the cycling and running brand on the sell
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