Stearns, Inc., which was part of the K2 Inc. sporting goods empire acquired by Jarden Corp. last year, has laid off more than 20 employees, including company president Paul Ebnet. According to reports in the St. Cloud Times, the downsizing will be taking
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Consolidators See Outdoor Divisions Still Making Biggest Contributions…
VF Corp.’s outdoor coalition of brands will play the lead role in helping the apparel giant meet its recently upgraded five-year growth plans, the company’s new CEO told analysts last week. Wolverine World Wide, Inc. is looking at revenues in the range of
Volcom Adds Sunglasses; Lowers Q4 Outlook…
Volcom began its discussion at ICR with a welcome to the newly acquired Electric Visual business, which was founded by industry veterans, Kip Arnette and Bruce Beach. Electric is mainly known for its sunglasses and goggles, though approximately 15% of the
Augusta Sportswear Flipped to New PE Firm…
Augusta Sportswear Holdings Inc. has been flipped to a new private equity firm backing members of Augusta's management team. Terms of the deal were not disclosed, but reports on TheDeal.com had the acquisition valued in the $405 million to $450 milli
Holiday Sales Strong for Celtics and Garnett Merchandise…
The NBA reports that the Boston Celtics and the team's All-Star forward Kevin Garnett are the hottest selling merchandise and jerseys, respectively, for the league at the NBA Store in New York City and online at NBAStore.com for the holiday season. T
Apparel Companies Look to New Channels and Categories to Diversify Growth…
Delta Apparel, Inc., parent company to M.J. Soffe, took the stage at both Cowen and ICR to highlight the progress of recent initiatives designed to bolster sales and improve profitability. While it continues to see growth in the screenprint market, Gildan
ORWM Takes the First-to-Market Position this Year…
Nielsen Sports Group is hoping Outdoor Retailer Winter Marketplace’s new status as the first major sports show of the year will spur what is already its fastest growing exposition. For the first time in at least ten years, ORWM falls before the SIA Snow
Actual Winter Weather Gives Specialty a Boost…
Heavy snow in California, Utah and Colorado since mid-December is helping specialty retailers recover from a dreadful holiday season…
Latest SIA Retail Audit Reveals a Sluggish Market Through Nov…
The SnowSports Industries America is reporting that snow sport sales for the 2007 August to November period reached $897 million, an increase of just 2% over last season’s anemic early season sales…
Sun Capital Launches Hostile Bid for American Rec Parent…
Sun Capital Securities Group LLC took its $21-per-share cash bid directly to Kellwood Co. shareholders, after being rejected twice by the St. Louis-based apparel maker. Kellwood’s outdoor brands include Sierra Designs, Kelty, Slumberjack, and Royal Robins
OIA Announces Finalists for Annual Awards…
The Outdoor Industry Association (OIA) announced the finalists for the 2008 Outdoor Industry Innovator Award and the Outdoor Industry Ambassador Award…
SIA Attracts 72 Brands to New ECOsource Exhibit…
SnowSports Industries America (SIA) said 72 brands will show products made from recyclable or sustainable materials its inaugural ECOsource exhibit at SIA.08 SnowSports Trade Show. That marks a record high participation rate for a first-time product show
Johnson Outdoors Incurs Charge for Escape
After two years and millions of dollars of investment, Johnson Outdoors Inc. said it was “exploring strategic alternatives” for its money-losing Escape brand of electric-powered boats and shifting resources to its paddle sports brands…
Canada’s Golf Town Plots Expansion
Golf Town, based in Toronto, plans to open five new stores in key markets throughout the Quebec region over the next twelve months. Established in 2002, it and currently operates eight retail stores across Quebec. It has over forty across Canada…
Kellwood Extends Cash Tender Offer
In response to the unsolicited takeover bid by Sun Capital Securities Group, Kellwood Co. is extending the deadline of its cash tender offer of up to $60 million in notes from Jan. 23 to Jan. 30…
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