Golf and Tennis Pro Shop (GTPS) has entered into a letter of intent to acquire the three Martin's Golf and Tennis Superstores located in Myrtle Beach, South Carolina. This transaction is subject to the negotiation and completion of a definitive agree
Category: Outdoor
Fanbuzz to Operate Celtics Online Store
The Boston Celtics has entered into an e-commerce agreement with FanBuzz. As part of the agreement, FanBuzz' services include Web site development, back-end fulfillment and customer care for the private-label Boston Celtics online store at www.celtic
Collegiate Pacific to Acquire Kesslers…
Kesslers Team Sports of Richmond, IN, the nation's largest independent team sporting goods distributor with annual revenues exceeding $30 million will join the Collegiate Pacific stable. Terms of the deal, which is expected to close in early 2004, w
Callaway Dominates Ashworth Growth …
Ashworth, Inc. reported fiscal fourth quarter net revenue for the company’s domestic segment increased 8.6% to $27.7 million from $25.5 million in the year-ago period. The international segment increased 15.4% to $4.5 million from $3.9 million. Full year
The Free Trade (Dis) Agreements…
Two separate trade agreements have been making news lately, the ten year old North American Trade Agreement and the brand new Central American Free Trade Agreement. Both treaties are said to strip away barriers to trade, eliminate tariffs, open markets, a
K2 Inc. is One Acquisition Away from Billionaire’s Club…
K2 Inc. is forecasting fiscal year 2004 sales of approximately $920 million and earnings per share in the range of 92 cents to 94 cents…
Vans Looks to Girl’s Biz for Growth…
Vans was bleeding red ink in fiscal Q2 regardless if they include the troubled skatepark business in their GAAP results or when look at their continuing “base business” that excludes the five skateparks that will close this year. The company appeared to
Rossignol Feels the Currency Pains…
Rossignol sales have dropped 11% for the first six months of the 2003-04 season from €224.9 million ($226.1 million) to €199.9 million ($213.9 million)…
Blades Files for Chapter 11 Protection…
Based on court papers obtained by Sports Executive Weekly, it appears that Blades Board and Skate, the 14-store action sports chain based in New Jersey, filed for Chapter 11 bankruptcy protection on December 4 due to an injunctive order obtained just days
K-Swiss Terminates National Geographic Deal
K-Swiss Inc. has announced it has agreed with National Geographic to end their license agreement to develop and market a collection of National Geographic outdoor-oriented and casual footwear. The company had previously accrued $4.3 million for anticipat
Callaway Sees Top-Flite Drag in 2004…
Callaway Golf Company announced that sales and earnings estimates for 2003 will be in line with previous estimates and will include about $25 million in pre-tax integration costs that are expected to put diluted earnings per share in the 65 cents to 67 ce
Brown Takes on Bass; Diane Sullivan Appointed President…
The deal that will see Brown Shoe Company acquire the license for wholesale footwear for the Bass brand from Phillips-Van Heusen Corp. will have far-reaching implications for the storied brand’s hometown in Maine and bring the long-time footwear executive
Federated Names New Burdines President and COO
Federated Department Stores, Inc. has named Nirmal K. “Trip” Tripathy as president and chief operating officer of its Miami-based Burdines division, effective immediately. The position of Burdines president/chief operating officer has been vacant since Mi
Vans’ Fiscal Q2 Loss Widens 46.4% as Revenues Increase 10.4%
Vans, Inc. saw net sales for the second quarter of fiscal 2004 ended November 29 for the base business increase 10.4% to $63.4 million, compared to $57.4 million for fiscal Q2 2003. Company-owned comp store sales increased 15.2%. The net loss during th
SEC Sues Three Genesco Execs for Fraud; Company Settles
The Securities and Exchange Commission filed suit Tuesday alleging that three Johnston & Murphy division executives, one current and two former employees, fraudulently reported 2001 sales results at year-end. The suit claims that the three, former J&M di
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