SGB Executive Outdoor
June Comps Fall 4.0% at Ross Stores
Ross Stores reported sales of $381 million for the five weeks ended July 3, 2004, a 4% increase above the $367 million in sales for the five weeks ended July 5, 2003. Comparable store sales for the month of June declined 4% from the prior year…
June Comps Climb 2.3% at Target
Target net retail sales for the five weeks ended July 3, 2004 increased 8.1% to $4.471 billion from $4.135 billion for the five-week period ended July 5, 2003. On this same basis, comparable-store sales increased 2.3% from fiscal June 2003. Total sales fr
Payless June Comps Fall 1.0%
Payless ShoeSource, Inc. same-store sales decreased 1.0 percent during the June reporting period, the five weeks ended July 3, 2004. Company sales totaled $289.2 million, a 0.7 percent decrease from $291.3 million during fiscal June of last year. Same-sto
adidas America Expands USD Partnership
adidas America and the University of San Diego have expanded and extended their multi- year partnership, effective immediately. The previous partnership dealt exclusively with the school's football program, which recently hired former NFL QB Jim Har
Holliday Rejoins Russell Corp. as VP IR
K. Roger Holliday has rejoined Russell Corporation as vice president of investor relations effective July 9. Holliday will be based in Atlanta and report to Eric Hoyle, interim CFO. Holliday originally joined Russell in 1986 as director of financial rela
Forzani Settles in Government Advertising Probe
The Forzani Group Ltd. has entered into a Consent Agreement with the Commissioner of Competition resolving the COC's concerns with respect to certain advertising at FGL's Sport Mart and Sport Chek stores. FGL, however, disagrees with the Compet
Sears to Test Schwinn Exercise Bikes
The Nautilus Group, Inc. is teaming up with Sears, Roebuck and Co. to begin a test of its Schwinn Fitness brand of cardiovascular equipment at select Sears locations nationwide. Nautilus will test market certain of its Schwinn fitness exercise bikes in 3
Datta Picks Up Entrpreneur of Year Award
Killick Datta, Chief Executive Officer of Global Brand Marketing, Inc. received the prestigious 2004 Ernst & Young Entrepreneur Of The Year Award. The award was presented during an evening celebration at the Beverly Hills Hilton, Los Angeles on June 29…
K2 Closes Marmot Deal; Completes Financing Actions
K2 Inc. has closed its previously announced acquisition of Marmot Mountain Ltd. The purchase price was approximately $84 million plus the assumption of debt. Additionally, K2 announced that it has completed several financing transactions to support curre
Trek, Maverick, and Pacific Settle Their Dispute
Maverick American, Pacific Cycle, and Trek Bicycle Corporation have resolved on amicable terms their lawsuits concerning alleged claims of patent infringement. In the lawsuits, Pacific Cycle asserted that Maverick American’s ML7 and Trek’s Klein Palomino
Axcent Sports Adds New Reps
Axcent Sports, the exclusive supplier of Descente Cycle, Run, Triathlon and Fitness apparel in the USA and Canada has added key sales reps in important territories over the last several weeks in preparation for its Spring 2005 product launch. Chris Watson
Watershed Partners with Granger’s
Watershed USA has formed a new division with a wholly owned subsidiary, doing business as Axis Outdoor. Axis Outdoor will be responsible for the distribution, marketing, and brand management of the product side of Watershed’s business. Watershed USA will
Limited Brands Stake in Galyan’s to be Sold
As a part of the acquisition of Galyan's Trading Company, Inc. by Dick's Sporting Goods, Limited Brands' stake in Galyans will be sold at the transaction price of $16.75 per share. Limited Brands owns 3.9 million shares, or 22%, of Galyans
Backcountry.com Named Ernst and Young’s Utah Entrepreneurs of the Year
Amid the dressed up and glamorous setting of the Salt Palace Convention Center, members of the Salt Lake City business community singled out Backcountry.com co-founders Jim Holland and John Bresee as Ernst & Young’s Entrepreneurs of the Year for the Utah
Dick’s Acquires Galyan’s in $362mm Deal
Dick's Sporting Goods and Galyan's Trading Company have entered into a definitive agreement and plan of merger for Dick's to acquire all of the issued and outstanding stock of Galyan's. Under the terms of the agreement, Galyan's s
