SGB Executive Outdoor
Just Two Bikes Has Two New Owners…
Just Two Bikes in Hugo, Minn. was acquired by the company’s sales and marketing manager, Jim Dugelman, and Dale Hedstrand, president of Focal Point Financial Services. They have acquired the firm for an undisclosed sum from Jim Muellner, who founded JTB i
Sport-Haley Looks for Clean SEC Slate…
Sport-Haley, Inc. is pursuing settlement of claims brought against it and its former controller, Steve Auger, by the U.S. Securities & Exchange Commission. The suit, filed by the SEC in 2003, alleges that Sport-Haley misrepresented inventories, period cos
Action Sports See Wall Street Action…
Zumiez continued its string of impressive same-store sales gains, posting a 10.7% increase in June on top of a 9.0% increase in the year-ago period. The gain was attributed to a mid-single-digit increase in comp store transactions and a mid-single-digit
LL Bean Changes Ad Agency, Strategy…
L.L. Bean caught the eye of the advertising and media trade this week with their decision to hire Pile and Co., an advertising consultant firm, to review their advertising program. For the past five years, L.L. Bean has held a contract with Martin/William
Confluence Solidifies Brand Positioning…
Following their recent acquisition of Watermark’s watersports division, Confluence has finalized the positioning for its brands, creating a structure that is designed to allow the company to distribute multiple brands across multiple channels. For any man
Recall: Rolf Prima
Rolf Prima is recalling Vigor and Elan rear wheels made in 2003, because the freehub mechanism can malfunction causing a loss of resistance when pedaling. No injuries have been reported, but the defect could cause riders to lose balance and fall. The faul
Sugoi Acquired by Cannondale…
In a move that took many in the specialty run and bicycle apparel industry by surprise, Cannondale announced that it will acquire Sugoi Performance Apparel for an undisclosed amount. This is an especially curious move by Sugoi, who has been consistently g
Zappos.com Lands More Financing…
Zappos.com received an additional $15 million round of equity funding from Sequoia Capital, a technology-based private investment fund that has been involved with several internet companies, including Google, Cisco Systems, Kayak.com, and PayPal. The fund
Rolf Prima Recalls Vigor and Elan Rear Wheels
Rolf Prima is recalling 2003 Rolf Prima Vigor and Elan rear wheels because the freehub mechanism can malfunction causing no resistance when pedaling. Although no injuries have been reported, this could cause riders to lose balance and fall. These 2003 Rol
Huffy Reports $16.4 million in May Sales
Huffy Corporation reported results for the month ended June 4 in a form 8-K filed with the Securities and Exchange Commission. Sales for the month were $16.4 million or $125.8 million since filing for bankruptcy protection in October. Gross margin for th
Luxotica Acquires Optical Chain in China
Luxottica Group will acquire Xueliang Optical, the leading premium optical chain in Beijing, China. Luxottica Group will acquire 100 percent of the equity interest in Beijing Xueliang Optical Technology Co. Ltd. for a purchase price of RMB 169 million (ap
Recall: Nautilus Excercise Benches
Nautilus Inc., in cooperation with the U.S. Consumer Product Safety Commission has issued a voluntary repair recall of about 10,000 Nautilus NT 1020 Exercise Benches. The company is requesting that consumers stop using the exercise benches immediately an
Stride Rite Chalks Up Q2 Keds Decline to Repositioning; Hilfiger Continues Decline…
The Stride Rite Corporation got little help on the top line from most of its core brands for the fiscal second quarter ended June 3. But improving margins at Keds helped push total GM higher, nearly offsetting the increase in operating expenses for the pe
Nike Inc. Lays Out Opportunity for Global Multi-Brand Strategy…
After a rather tepid presentation of some arguably outstanding results on their earnings conference call on Monday (SEW_0526), Nike management on Tuesday took some of their biggest investors and some influential analysts through their detailed plans for t
Huffy May Become Private, Chinese-Owned Company…
After nine months under Chapter 11 bankruptcy protection, Huffy Corp. last week provided some guidance on its plans for reorganization. HUF filed papers with the SEC pertaining to an “agreement in principle” between Huffy and a group of creditors includ
