Garmin Ltd. completed the acquisition of Fairpoint Navigation A/S (“Fairpoint”), the distributor of Garmin's automotive, outdoor recreation, fitness and marine products in Denmark. The company will be renamed Garmin Danmark A/S and will retain its ma
Category: Sports/Fitness
Life is Good Settles Security Charges
Life is Good Inc. settled charges that it failed to sufficiently protect customers' credit card numbers and other personal information. The Federal Trade Commission said that between June and August 2006, a computer hacker was able to access the cred
Women’s Pro Soccer Unveils Name/Mia Hamm-Inspired Logo
The women’s professional soccer league launching in Spring 2009 now has a name, Women’s Professional Soccer (WPS). With the unveiling of the league logo and launch of its website, www.womensprosoccer.com, WPS made its official debut at the National Soccer
Coleman Supports Tree Project in Central Park
The Coleman Company, Inc. and sister company Marmot Mountain LLC supported the kickoff of a project launched on Jan. 10 to save and plant trees in Central Park. The project was launched next to a stately European Beech tree in the park’s Cherry Hill sect
Cabela’s Sells $57 Million of Senior Notes
Cabela's Inc. said it sold $57 million aggregate principal amount of its 7.2% senior notes in a private placement to institutional buyers. The notes have a final maturity of 10 years and an average maturity of seven years…
OIA Names Award Finalists
The Outdoor Industry Association (OIA) named finalists for the 2008 Outdoor Industry Ambassador Award and Outdoor Industry Innovator Award. Winners will be announced at a kickoff breakfast Wednesday, Jan. 23, 2008 at the Outdoor Retailer Winter Market in
Sun Capital Starts Kellwood Tender Offer
Sun Capital Securities Group LLC took its $21-per-share offer cash bid directly to Kellwood Co. shareholders, launching a tender offer after being rejected twice by the St. Louis-based apparel maker. In the outdoor space, Kellwood owns Sierra Designs, Kel
Bon-Ton Consolidated December Comps Drop 11.3%
The Bon-Ton Stores, Inc. reported that net sales for fiscal December decreased 13.0% to $558.2 million compared to $642.0 million for the prior year period. Bon-Ton and Carson’s combined comparable store sales for the five weeks decreased 11.3%. Carson’s
Macy’s December Sales Weaker Than Expected
Macy's, Inc. said its same store sales fell 7.9% on a 7.4% decline in net sales for the five weeks ended Jan. 5. The comp results were below guidance of -4% to -7%, but Macy's said its same-store sales were down only 1.1% for the combined Novemb
Bakers Holiday Comps Decrease 5.9%
Bakers Footwear Group, Inc. saw Holiday sales decrease 5.7% to $43.1 million, compared to $45.7 million for the same period last year. Comparable store sales decreased 5.9% compared to a 16.1% decrease last year…
Kellwood Closes Smart Shirts Sale
Kellwood Company said it completed the sale of its Smart Shirts manufacturing operations and related real estate assets in two separate transactions that grossed approximately $162 million in cash. The company will invest proceeds from the sale to reduce
La Jolla Names New Executives
La Jolla Group promoted Erik Forsell to the position of vice president of brand development and Bill Gage to vice president of sales and marketing for Metal Mulisha.Forsell and Gage, who will report to CEO Toby Bost, will be based out of the La Jolla Grou
E-Z-GO Names VP of Engineering
E-Z-GO has appointed Ronald L. Otten as vice president, engineering. He joins E-Z-GO from Mitsubishi Caterpillar Forklift America Inc., where he served as director of product development and corporate quality and led the company's engineering functio
Kellwood Appoints Chief Marketing Officer
Kellwood has appointed George Sokolowski as vice president of strategy and chief marketing officer. He was most recently managing partner of SkyTop Advisors, a retail marketing advisory group. He succeeds Patrick Burns, who was promoted to group president
Gone But Not Forgotten
The sporting goods industry lost several familiar faces during 2007. Among them, ASICS Corporation chairman Kihachiro Onitsuka died on Saturday, September 29 of heart failure in a hospital in Kobe, Japan. He was 89. Mr. Onitsuka was born on May 29, 1918,
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