The Timberland Co. announced that its Board of Directors has authorized the repurchase of up to an additional six million shares of the company's Class A Common Stock. This additional program supplements the company's current six million share a
Category: Footwear
Dussault Apparel to Acquire Dayton Boots
Dussault Apparel, Inc. has signed a non-binding Letter of Intent to acquire Vancouver's legendary Dayton Boots Enterprises, Inc. Dayton, which sells shoes and boots through retailers across Canada, has been led since February 2007 by CEO Stephen Enca
Report: Callaway Splits with Ad Agency
Callaway Golf has split with its ad agency, WPP Group's Y&R, according to Adweek. The trade magazine also said that earlier this year, director of marketing Scott White left Callaway to join competitor TaylorMade…
ispo summer Suspended While Organizer Retools
Messe München GmbH has suspended its ispo summer show until further notice, broadened its alliance with Nielsen Business Media and is lanuching a show for Europe to meet growing demand for quick-turn sourcing in the sporting goods industry, the German com
L.L. Bean 2007 Sales Advance 5.5%
L.L.Bean reported sales in its fiscal year ended February 24 reached $1.62 billion, a 5.5% increase over 2006. The company also announced that its Board of Directors approved a cash award of 5% of annual pay to eligible employees, a payout of approximatel
Adidas and Samsung Partner on Mobile Phone
adidas and Samsung have teamed up to introduce miCoach, a mobile phone that works with adidas shoes and apparel to plan, track and motivate users in training. It combines a mobile phone, heart rate monitor, stride sensor, MP3 player and the voice of a “pe
Escalade Increases Dividend
Escalade, Inc. increased its quarterly dividend by 14%. Its board authorized the payment of a 25 cents per share dividend payable March 21, to all shareholders of record on March 14…
Loop’d Network Launches Site for Skiers
Loop’d Network, a San Diego start-up that is creating a social networking site for action sports brands, has launched a community for skiers. The new site offers skiers the ability to seek sponsorship, enter contests sponsored by brands such as Oakley and
Fox Racing Shox Hires Patent Attorney
Fox Factory, Inc. has hired a high-powered patent attorney, inventor and former mountain biking and motocross enthusiast as its general counsel. David Haugen, who will also carry the title “chief patent attorney,” will focus on ensuring that Fox's i
Whitewater Hall of Fame Transferred to Foundation
The Paddlesports Industry Foundation (PIF) has acquired the International Whitewater Hall of Fame (IWHOF) from its founder, the Adventure Sports Center International (ASCI). The deal will allow the non-profit ASCI to focus on running the center, which fea
Genesco and Finish Line Boards Approve Settlement
Boards for Genesco Inc. and The Finish Line Inc. approved a definitive agreement to terminate their merger agreement and all related litigation with units of investment bank UBS in a settlement that will leave Genesco approximately $200 million richer. Th
OGIO Files Suit Against Callaway for Patent Infringement
OGIO has filed papers with the State of Utah's Federal District Court citing Callaway Golf Company for patent infringement. The papers were filed February 13, 2008. The suit is over OGIO's Woode organizing top, which was requested in the design
Gildan Sees Sock Programs Bolster Strong Q1
Gildan Activewear Inc. reported first quarter net sales increased 34.8% to $250.5 million from $185.8 million for the same period last year. The increase in sales revenues was due to an increase of 92.7% or $39.4 million in sock sales due to the acquisiti
Steve and Barry’s Gains Funding
GE Commercial Finance Corporate Lending has provided a $197 million asset-based credit facility to Steve & Barry’s. The loan will be used for ongoing working capital needs. GE Capital Markets arranged the transaction…
UPDATE: Genesco and The Finish Line Agree to Terminate Merger
Genesco Inc. and The Finish Line, Inc. have reached a tentative agreement to terminate their $1.5 billion merger agreement and settle all litigation. Under the deal, GCO will receive $175 million in cash and FINL stock equal to 12% of total post-issuance
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