After 2005’s barnstorming series of IPO’s for the sporting goods industry, 2006 had a bit more of a roller coaster ride…
Category: Footwear
Trade Industry Organizations Had a Busy 2006…
This year outdoor industry organizations were busy with their own consolidation efforts, some of which were successful, and others which are still shaking out.
In January, OIA acquired Outdoor University and began a transformation process for the program
VF Outdoor Coalition to Acquire Eagle Creek…
VF Outdoor, Inc. is in negotiation to acquire Eagle Creek, Inc. Eagle Creek currently has annual sales of approximately $30 million. Terms were not disclosed, but SEW suspects that Eagle creek sold for a premium, given the brand equity company founder Ste
adidas Refuses to Outbid Nike for German Soccer Sponsorship
Herbert Hainer, CEO of adidas, told German newspaper Sueddeutsche Zeitung that his company will not enter a bidding war with rival Nike to keep its sponsorship of Germany's national soccer team…
The Finish Line Posts $3 Million Dollar Loss in Quarter Three
The Finish Line, Inc. posted a net loss of $3.0 million for the third quarter, or 6 cents per diluted share, after reporting a net income of $845,000, or 2 cents per diluted share in the same quarter one year ago, Consolidated net sales increased 2.7% 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
MacGregor Names Director of Tour Operations
MacGregor Golf has hired Michael Biviano as Director of Tour Operations. Biviano will be responsible for all initiatives relating to the PGA Tour and will report directly to Blake Schneider, Director of Strategic Projects, MacGregor Golf…
Mizuno USA Adds VP of Supply Chain
Saadi Majzoub has joined Mizuno USA, Inc. as the company’s new Vice President of Supply Chain. With over 16 years of supply chain management with global companies such as Adidas, UPS, and KPMG, Majzoub will oversee Mizuno USA’s supply chain and distribut
Nike Adds Four to VP Ranks…
As it typically tends to do, Nike, Inc. has promoted several members of its ranks to VP status. In total, four team members have been promoted with focuses ranging from marketing to finance…
OIA Lands Tariff Reduction on Footwear
OIA has achieved two major trade victories. The House and Senate passed trade legislation containing several OIA-crafted provisions that would eliminate import tariffs on certain kinds of athletic footwear, primarily waterproof-breathable boots and shoes.
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
SnowSports Footwear Tariffs Reduced in Final Congressional Session of Year…
The closing of the last Congress session of the year worked out well for companies in the outdoor and snow sports markets with Congress passing a number of industry friendly measures. The SIA, in particular, with the help of its law firm of record, DLA P
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