Hemptown Clothing Inc. announced the securing of $1.4 million of equity financing. $1.3 million will go to Hemptown's subsidiary, Crailar Fiber Technologies Inc., to be used to begin trials on its advanced natural fiber “Crailar”. The remainder of th
Category: Outdoor
Seattle Sports Enters Bike Market
With over 20 years knowledge and experience in creating dry bags, Seattle Sports is taking their dry bag expertise and introducing it to the cycling market. With their main offices in Seattle, a city that has been voted by Bicycling Magazine as one of th
Congressman Proposes Sale of 15 National Parks; OIA and Sierra Club Opposed
Frank Hugelmeyer, President of Outdoor Industry Association and Carl Pope, Sierra Club Executive Director
both isssued seperate statements in response to Representative Pombo’s (R, 11th-CA) proposed legislation to sell off 15 National Parks for commercial
Gander Expands Credit Facility by $50 Million
Gander Mountain Company announced that it has expanded its credit facility with Fleet Retail Group, LLC, a Bank of America company. The facility was increased from $225 million to $275 million as permitted under the terms of the agreement, which was signe
Oakley Appoints Coors CEO to Board
Oakley, Inc. announced the appointment of Frits van Paasschen to its Board of Directors. Mr. van Paasschen is president and CEO of Coors Brewing Company, a subsidiary of Molson Coors Brewing Company. Prior to joining Coors Brewing Company, Mr. van Paassc
Perry Ellis Signs Sponsorship Agreement with the Miami Dolphins
Perry Ellis International, Inc. announced that it has signed a multi-year agreement with the Miami Dolphins and Dolphins Stadium to promote the company's brands at Dolphins games. The agreement gives Perry Ellis the rights to place the Dolphins Stadi
Garmin CEO Plans to Sell Up to One Million Shares
Garmin Ltd. announced that company co-founder, chairman, and CEO, Dr. Min H. Kao, has established a pre-arranged trading plan to sell up to one million of his shares in the company between Oct. 2005 and Sept. 2006. The plan was adopted in accordance with
The Finish Line Confirms New Women’s Only Concept…
Sports Executive Weekly first reported on the move six weeks ago (SEW_0533) after a mall developer let the cat out of the bag, but The Finish Line provided a bit more detail on their intentions in their quarterly conference call with analysts on Fr
Golf Galaxy Running Strong in Slack Golf Market…
Golf Galaxy issued its first quarterly report as a public company with all signs pointing to a solid start, as increases to the top and bottom lines and improvements for each line between boosted its fortunes in a weak golf market. Golf Galaxy needed a s
Renovations Drive Strong Back to School Period at Forzani…
During Forzani’s second quarter conference call with investors and the media, the company placed emphasis on their renovation efforts at Sport Chek and Coast Mountain Sports (See BOSS_0536). The Forzani Group is now seeing the results of these renovations
EBFC Takes Issue with EU Anti-Dumping Probe…
The European Branded Footwear Coalition, which is comprised of several athletic and outdoor footwear companies like ECCO, Timberland, Merrell, Rockport, Sebago, Teva, Ugg, and Simple, is concerned about a possible “detrimental impact” of the current Europ
Federated to Convert Marshall Fields to Macy’s; Sees Seven Regions…
Federated Department Stores will further expand the use of the Macy’s and Bloomingdale’s nameplates as it moves to integrate the stores recently acquired through its merger with May Company that was completed on August 30. The giant department store reta
Sports Chalet Should See More Wall Street Focus after Recap Plan Approval…
Sport Chalet, Inc. held its annual meeting of shareholders last week, receiving approval for a number of initiatives that will see the company positioned as a more attractive investment opportunity; but, the biggest move was the change to the company’s Ce
Last Year it was Choppers… What’s in Store for 2006…
While performance bikes continue to evolve year after year, shaving grams and tweaking suspensions and ride quality, one category made a giant leap at Interbike last year, and the industry may be feeling its effects for seasons to come. The overriding th
What’s Next for Bike Apparel Market…
This year has been quite active for many apparel companies in the bike market, not only from new products and evolving designs, but also on the M&A front, where we now see two of the biggest brands in bike apparel now under new ownership. Nautilus in Jun
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