Armor Holdings, Inc., the parent company to Gregory Mountain Products since January of 2005, has entered into a definitive merger agreement to be acquired by BAE Systems, a global company engaged in the development, delivery and support of advanced defens
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
The Corner Office Shuffle…
This week saw several top tier executive moves in the outdoor and sporting goods industries. Late on Friday, Polartec, LLC announced that Andrew Vecchione would be taking over as the new president of the company…
OIA Opens Nominations for Board Members…
Outdoor Industry Association is soliciting candidates to fill the open seats on the Board of Directors and represent the interests of the OIA membership. OIA Nominations Committee is now accepting Board nominations. OIA seeks to maintain a strong, balance
Garmin Ltd. to Acquire German Distributor…
Garmin has signed a letter of intent to acquire its German distributor, GPS GmbH. Financial terms of the proposed transaction were not released. Following the acquisition, GPS GmbH is expected to change its name to Garmin Deutschland GmbH…
Rumors Swirl Around Potential Backpacker Magazine Sale…
Folio is reporting that Rodale is in the final stages of selling Backpacker magazine to a private equity backed media company called Active Interest Media…
Zumiez April Comps Up 3%…
Zumiez Inc. saw net sales for the month increase 34.4% to $20.2 million, from $15.0 million last year with comparable store sales increasing 3.0% on top of a 19.3% jump in the year ago period…
DSW Follows Zumiez Lead…
DSW Inc. reported net sales for the first quarter increased 12.8% to $357.0 million compared with $316.5 million for the thirteen-week first quarter ended April 29, 2006. Same-store sales decreased 3.6% for the comparable thirteen-week period versus an in
And Pac Sun Continues in Other Direction…
Pacific Sunwear of California, Inc. saw April sales decrease 10.5% to $79.3 million from $88.5 million last year…
Shoe Pavilion Posts $1.2 million Loses in First Quarter
Shoe Pavilion, Inc. said first quarter sales increased 32.6% to $36.2 million from $27.3 million. Comparable store net sales for the first quarter increased 7.8% from the same period in fiscal 2006. The footwear chain posted a net loss of $1.2 million,
Collegiate Pacific Profits Jump 45%
Collegiate Pacific Inc. reported consolidated net sales grew 6.4% to $63.2 million primarily attributable to a 17% organic growth rate from its road sales force from end of season basketball uniform deliveries and solid uniform demand from spring sports.
Mikal Peveto Stays On as Fila Consultant
Mikal Peveto, who had been leading Fila’s global footwear research and development initiatives as the SVP of Fila Futura, will be moving to a consulting role to contribute to the company’s efforts in footwear product and materials research. He will also w
Le Coq Sportif Owner Takes Back U.S. Distribution…
Le Coq Sportif, the French sport brand acquired by the Swiss investment fund Airesis in 2006, has re-acquired U.S. distribution from Itochu International. Tim McCool, a former adidas and Nike executive, has joined the Le Coq Sportif team to lead the North
Gildan Claims Market Share Gains in Fiscal Q2…
Gildan Activewear Inc. reported a 26.3% jump in second quarter net sales to $232.1 million from $183.8 million in the second quarter of last year, but restructuring charges caused net income to fall. The increase in sales revenues was due to $32.8 million
Aldila Sees Flat Q1 Sales on Tough Comparisons…
Aldila, Inc. had a tough start to the year as flat revenues and diminished margins led to a decrease in net income compared to the year-ago quarter. Compounding those worries was a 22.8% decrease in backlog at the end of the quarter to $9.5 million from
Iconix Acquisitions More Than Double Q1 Licensing Revenue…
Iconix Brand Group, Inc. saw Q1 licensing revenues more than double to $30.8 million from $13.3 million. EBITDA for the quarter increased to $23.3 million from $8.4 million; net income increased to $12.7 million, or 21 cents a share, from $7.4 million, or
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