Bakers Footwear Group issued 350,000 shares of common stock and entered into a $7.5 million subordinated secured term loan with Private Equity Management Group (PEMG) and an entity affiliated with PEMG. Bakers received net proceeds of about $6.7 million a
Category: Outdoor
Sport Chalet to Open Four Stores in ’08
Sports Chalet Inc. anticipates opening three to four new stores during calendar 2008. The new stores will be focused on adding density to current markets, namely California and Arizona. In addition, the company will relocate its flagship La Canada Flintr
Sports Chalet Posts Q3 Loss
Sport Chalet, Inc. reported that including a non-cash impairment charge, its net loss for Q3 was $682,000, or 5 cents a share. On January 14, the retailer warned that it would lose between 6 cents to 9 cents a share after a charge of approximately $2.1 m
Canada’s Dorel Acquires Cannondale and Sugoi
Canada's Dorel Industries Ltd. acquired the Cannondale Bicycle Corporation and Sugoi Performance Apparel in an all cash deal valued at $190 million to $200 million. Cannondale and Sugoi are being purchased from an affiliate of Pegasus Capital Advisor
Aetrex Names Women’s Product Director
Aetrex Worldwide has named Susan Ryder as the company’s new women’s product director. Ryder, who has worked as a product designer for the footwear industry for more than 20 years, will be responsible for incorporating a fresh design sense into all of Aetr
New Balance Sponsors LifeSport
New Balance signed on as official performance footwear and apparel supplier to LifeSport, the premier triathlon coaching service and event management organizations. Based in Victoria, British Columbia, Lifesport is recognized as the Official Coaches of I
Patriots Championship T-shirts Donated
The National Football League will be sending hundreds of Patriots Championship shirts and caps to needy children and families around the world following the Patriot’s defeat at the hands of the Giants in Super Bowl XLII…
Icon Eyewear Licenses Avia and AND1 Brands
Icon Eyewear will produce and distribute sunglasses under the AND1 and Avia brands under a licensing agreement with American Sporting Goods. Icon will create AND1 sunglasses designed for the fashion forward, urban man. The Avia brand eyewear will feature
Spyder Buys Cloudveil
Spyder Active Sports, Inc has acquired Cloudveil Mountain Works, Inc. Cloudveil will remain a separate brand entity and operate as a wholly owned, independent division of Spyder Active Sports. Cloudveil’s founders have signed multi-year contracts to stay
ECCO Appoints Head of Global Golf
ECCO has named Michael Waack as Head of Global Golf. Based at ECCO corporate headquarters in Tønder, Denmark, Waack will be tasked with overseeing continued expansion of the brand's distinctive golf shoes in existing markets and developing robust sal
Terramar Targets Base Layer Sales in Canada
Terramar is expanding its base layer sales to Canada with a new Canadian sales initiative. Sam Rubinfeld is heading up the Canadian sales team. A veteran of the sports industry, Rubinfeld spent the last 13 years as division manager of the knitwear divisi
Under Armour Gears Up for Future in Footwear…
Not much has changed in the two weeks since Wall Street punished Under Armour, Inc. for its guidance that 2008 first half profits would sink due to increased marketing spending to support the launch of its performance trainers, but perhaps the market is w
Luxottica Q4 Sales Climb 7.1% on Oakley Acquisition…
Luxottica Group SpA said Q4 sales rose 7.1% €1.19 billion ($1.72 bn) when including €88 million in Oakley sales for the last six weeks of the year. Excluding the impact of currency fluctuation, sales were up 16.2% for the quarter. Excluding Oakley, whole
Brunswick Sees Fitness Drive Q4 Sales Gains…
Brunswick Corporation saw fourth quarter net sales grow mid-singles as its marine, fitness and bowling and billiards businesses all saw sales growth. Overall, the company reported net sales of $1.44 billion for the 2007 fourth quarter, up 5% from $1.37 bi
Cabela’s Cuts Store Plans Amid Retreating Comps…
Cabela’s Inc. said it will slash capital spending by 70% so it can focus on increasing profits at its existing stores after missing its fourth quarter financial targets. The outdoor retailer said it would scale back store openings from eight last year to
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