Kellwood Company has entered into a merger agreement with Sun Capital providing for a prompt merger if Sun Capital's tender offer is successful on February 12, 2008, and upon the closing of the tender offer Sun Capital owns a majority of the company&
Category: Outdoor
Aldila Signs Credit Facility
Aldila, Inc. announced that it has signed a credit facility with Key Bank National Association for up to $15 million in borrowings. It plans to use borrowings, plus funds on hand from its previously announced sale of its 50% interest in Carbon Fiber Techn
Recession Fears Trigger Weaker January Retail…
January at retail showed signs that the coming recession might finally have arrived as retailers in general posted comparable store sales declines for the month. Due to the 53rd week in 2006, net sales results for the four-week January month this year co
Family Footwear Takes a Hit in the Fourth Quarter…
DSW Inc. reported net sales for the thirteen-week quarter ended Feb. 2, 2008 increased 1% to $332.5 million compared with $329.1 million for the fourteen-week quarter ended Feb. 3, 2007. Shoe Carnival, Inc. reported a 7.3% decline in sales for the thirtee
Sport Chalet Posts Fiscal Third Quarter Loss…
Sport Chalet's third-quarter earnings plummeted as it continued adding stores even as plunging home prices, wildfires, late snow and even the writer's strike cut into sales in its core Southern California market…
Mizuno Sees Net Income Drop on Q3 Sales Gain…
Mizuno Corp. saw net sales increase 9.5% for the first nine-months of the year to ¥130.11 billion ($1.15 bn) from ¥118.81 billion ($1.01 bn) in the year-ago period. Gross margins declined 90 basis points to 41.6% of sales from 42.5% last year. Net income
Cabela’s Identifies New Store Openings…
Following its lackluster fourth quarter sales report last week, Cabela's said that despite its plan to cut capital spending by 70%, it still plans to open stores in Scarborough, ME and Rapid City, SD, in 2008. Stores scheduled to open in 2009 include
Recall: Trek Girls Bikes…
Trek Bicycle Corp. is recalling approximately 49,000 girls bicycles, because the bike frames may break while in use. Trek has received 13 reports of frames breaking, including four minor injuries. The recalled product is the Trek MT220 girls bicycles mode
Magic Now a Three-Day Show…
Magic International has cut back its tradeshow format to a three-day event from its past four-day length. The change in structure came about as a result of both exhibitor and visitor requests. Magic, WWDMagic, Magic Kids and Sourcing at Magic are all affe
Outdoor Coalition Leads VF Corp. to Fifth Consecutive Year of Record Results…
What economic slow down? That might as well be the slogan at VFC Corp., which broke the $7 billion barrier in 2007 and reported its fifth consecutive year of record results. At a time when many apparel companies are backpedaling, VFC surpassed its own bul
Co-Founders Buy Back prAna…
The week's second high-profile deal involved Beaver Theodosakis and his co-founders taking back prAna from Liz Claiborne with help from PE firm Steelpoint Capital Partners in a management led leveraged buyout. prAna was acquired by Liz for $34.4 mil
Clock Ticking for Kellwood Shareholders…
Kellwood Company entered into a merger agreement with Sun Capital providing for a prompt merger if Sun Capital's tender offer is successful on February 12. The KWD Board of Directors is now recommending that stockholders tender their shares into the
Cloudveil Caught in a Spyder’s Web…
The industry's other big deal of the week was Spyder Active Sports, Inc.'s acquisition of Cloudveil Mountain Works, Inc. Although it is essentially a transaction between two private equity firms, Cloudveil VP, co-founder and product designer Ste
But West 49 Hurt by Weak Dollar…
West 49 Inc., an action sports retailer in Canada, reported that fourth quarter net sales increased 0.8% to CA$62.4 million ($63.1 mm) from CA$61.9 million ($53.8 mm) for the fourth quarter of fiscal 2007…
More from Softgoods on the Trade Show Circuit…
Holden founder and now co-owner Mike LeBlanc sat down with BOSS to talk over the major developments for his brand, namely, the end of the company’s relationship with K2 and new parent company, Jarden Corp. Previously, the Holden side of the business took
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