It was a busy and a good week for the outdoor and snowsports industries with five acquisitions, including two that could restore the luster of authentic brands hindered in recent years by botched acquisitions. The deals came in several flavors, including
Category: Outdoor
Nautica Launches E-Commerce Site with GSI Commerce
Nautica is partnering with GSI to develop and operate an online store at Nautica.com. GSI Commerce will develop and operate facets of the online store including customer service, order processing, and fulfillment. Empathy Lab, an interactive agency leader
InGear Files for Bankruptcy
InGear Corp., based in Buffalo Grove, IL, filed a Chapter 11 petition on Feb. 7 in Chicago. The company makes luggage sets, sports bags, backpacks and insulated containers under licensed brands, including Champion, Spalding, Rubbermaid, Hummer and Laura A
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
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
Sport-Haley Swings to Net Profit on 5% Sales Gain
Sport-Haley, Inc. reported fiscal second quarter net sales of fashion apparel, for the period ended December 31, 2007, increased 5% to $4.4 million from $4.2 million for the comparable three-month period in the prior fiscal year. Net sales of Top-Flite br
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
Kellwood/Sun Capital Offer Appears Likely
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&
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