Shari Duke has been promoted by Planet Dog from Assistant Controller to Operations Manager. In addition to her current responsibilities of supervising inventory control and the shipping and receiving functions, Shari will be taking on the added responsib
Category: Apparel
Nike Q2 Sales Up 10%; Net Up 8%
Nike, Inc. saw fiscal second quarter revenues grow 10% to $3.8 billion from $3.5 billion for the same period last year. Changes in currency exchange rates increased revenue growth by 1 percentage point for the quarter. Net income grew 8% in the quarter to
American Apparel Acquired By Endeavor Acquisition Corp.
American Apparel Inc. and Endeavor Acquisition Corp. have signed a definitive merger agreement in which Endeavor will acquire American Apparel and its affiliated subsidiaries for up to 32,258,065 shares of restricted Endeavor stock. Endeavor will also ass
Reebok Inks Licensin Deal for Play-doh Sneakers
Hasbro, Inc. has signed a deal with REEBOK International to manufacture the Versaflex PLAY-DOH collection of toddler footwear with PLAY-DOH compound inspired gel-cushioning material built into the heel. PLAY-DOH is under license from HPG, the licensing ar
Golf Galaxy Q3 Sales Gain Slowed by Acquisition Costs
Golf Galaxy, Inc. saw net sales increase 45.1% in the third quarter to $46.1 million from $31.8 million for the same period of the prior fiscal year. Comparable store sales increased 3.8% for the quarter on top of a 6.7% increase in the year-ago period. T
American Skiing Co to Sell Steamboat to Intrawest
American Skiing Company has entered into a definitive agreement to sell Steamboat Ski & Resort Corporation, in Steamboat Springs, Colorado, to Steamboat Acquisition Corporation, an affiliate of Intrawest ULC, for $265 million. The announced sale follows t
ECCO USA President Promoted to Director of Americas
Tom Nelson, president of ECCO USA, will be promoted to Regional Director of ECCO Americas as of January 1, 2007. In addition to his ongoing responsibilities as ECCO USA president, Nelson’s new role will include serving as Chairman of ECCO Canada’s Board o
K2 Sports and Flow End Hiback Dispute…
Flow International and K2 Sports have resolved their binding patent dispute. The center of the conflict revolved around Flow’s hiback bindings that allow a rider to slide a boot into a cloth strap, then flip up the back and carve down the mountain. A c
OBIT: Lamar Hunt
Lamar Hunt, founder of the Kansas City Chiefs, as well as one of the founders of the American Football League and among the leaders of the AFL-NFL merger, passed away Wednesday evening December 13 at the age of 74. Hunt is also credited with coining the t
Vendors and Retailers Were Firing on All Cylinders in the Third Quarter…
Early cool weather helped the pace of sales and profit growth during the third quarter for Bicycle, Outdoor, and SnowSports vendors and retailers alike. With rising average selling prices and strong early sell-through delivering double-digit sales growth
K2 and Flow End Binding Dispute…
Flow International and K2 Sports have resolved their binding patent dispute. The center of the conflict revolved around Flow’s hiback bindings that allow a rider to slide a boot into a cloth strap, then flip up the back and carve down the mountain….
Johnson Appointed New Balance Sports Monitors’ Sales Director
Highgear hired Chris Johnson as National Sales Director for the newly developed brand, New Balance Sports Monitors. Johnson comes to Highgear with more than twenty years experience in the Sporting Goods Industry. Prior to joining Highgear he spent five ye
FeelFree Kayak Opens New Bankok Factory
Feelfree Kayak transitioned to a new production facility in Bangkok, Thailand. This multi-storied, state of the art facility houses production Feelfree Kayaks as well as Feelfree Waterproof Gear and Accessories…
Gander Mountain Receives $50 Million of Equity Financing; Names New Chairman
Gander Mountain Company has announced that David C. Pratt, founder of United Industries, has entered into an agreement to purchase 5,701,255 newly issued shares of common stock at a price of $8.77 per share for a total purchase price of $50.0 million. Mr.
Hat World to Acquire Hat Shack in $18 Million Deal
Genesco Inc.'s Hat World subsidiary has entered into an agreement to acquire Hat Shack, Inc. The Marietta, Ga.-based Hat retail chain operates 49 retail headwear stores located in 10 states, primarily in the southeastern United States. The purchase p
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