North Castle Partners, a private equity firm, has acquired controlling interest in Performance, Inc., one of the largest on-line and brick & mortar bicycle retailers in the country. Terms of the transaction were not disclosed, but deals in this sector typ
Category: Footwear
EORA Shifts Show Dates…
Eastern Outdoor Reps Association will be moving their Hartford, CT show serving the Mid-Atlantic and Northeast market from August to July in 2008. The EORA is also presently investigating a site for a post Labor Day on-water paddlesports event. Historical
Reebok Names VP Sales for Sports Licensed Division
Reebok has appointed Glen Giovanucci as Vice President of Sales, Sports Licensed Division (SLD). Glen will be responsible for driving all SLD sales. Glen has been with Reebok since 2003. He originally joined Reebok in the U.S. operating unit as Vice Presi
New Balance Board Member Elected President Emeritus of WFSGI
A new World Federation of the Sporting Goods Industry Board was elected at the Extraordinary General Assembly in Las Vegas on June 9th. The new elected president is John Larsen President Emeritus and Advisory Board member of Boston-based New Balance Athl
June Retail Comps Up as Market Readies for BTS…
The retail market took another step away from April’s woes in June with modest comparable sales gains that spurred the Dow Jones into the biggest single day jump in almost four years and sent the index near the 14,000 mark. However, Friday saw stocks sta
Easton-Bell Names D’Onofrio as COO
Easton-Bell Sports, Inc. has named Anthony (Tony) D’Onofrio as COO, effective immediately. In this newly created position, D’Onofrio will be responsible for global operations, including supply chain, sourcing, distribution, manufacturing and planning for
Nike Hires New U.S. Brand Manager
Nike hired Ken Dice as vice president of USA brand management. Most recently, Ken held the position of EVP of marketing for Discovery Communications. For the last three and a half years, he led the marketing teams for The Discovery Channel, The Learning C
Gander Mountain to Acquire Reeds Outdoor’s Baxter Location
Gander Mountain Company and Reeds Family Outdoor Outfitters, a well known regional outdoor retailer based in Walker, Minnesota, announced that Gander Mountain will acquire the inventory and certain assets of the Reeds Outdoor Super Store located in Baxter
Collectible Concepts Looks to Acquire Sports Licensing Companies
Collectible Concepts Group, Inc. announced that it intends to initiate a search for the acquisition of companies in the sports marketing or licensed products industries…
Everlast Investor Criticizes Bid Process
Aquamarine Capital Management LLC, a shareholder of Everlast Worldwide Inc., asked the boxing equipment maker to reconsider a buyout offer from New York-based Hidary Group. Aquamarine said Everlast's refusal to negotiate with Hidary may represent a b
Lululemon Shrinks IPO Offering
Lululemon Athletica Inc. said in a filing on Friday that it is shrinking the size of its initial public offering by nearly 10 percent, to 16.4 million shares from 18.2 million. The investors plan to sell 14.1 million shares, down from an earlier plan for
Nordstrom June Comps Increase 2%
Nordstrom, Inc. reported preliminary sales of $851.1 million for the five-week period ending July 7, 2007, an increase of 2.9% compared to sales of $827.0 million for the five-week period ending July 1, 2006. Same-store sales increased 2.0%…
Stein Mart Comps Fall 2.9% in June
Stein Mart, Inc. reported total sales and comparable store sales for the fiscal period(s) ended July 7, 2007. Overall company sales fell 4.9% in June to $127.4 million. Comparable store sales decreased 2.9% for the month…
Spalding Names New Marketing Manager
Spalding has appointed Wendy Unger-Moore as marketing manager. Unger-Moore will be responsible for all marketing related activities as they pertain to the National Basketball Association (NBA), the Women’s National Basketball Association (WNBA) and the Na
Ross Stores Posts 4% Comp Gain
Ross Stores, Inc. reported sales of $545 million for the five weeks ended July 7, 2007, an 11% increase over the $490 million in sales for the five weeks ended July 8, 2006. Same store sales grew 4%…
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