Grand Toys To Acquire Wham-O for $35MM
Grand Toys International Limited has signed a term sheet to acquire 100% of Wham-O, Inc. from a company owned and controlled by the wife of a major Grand Toys shareholder. Grand Toys said it will use Wham-O as a platform to build a branded outdoor product
Adams Golf Sets One-For-Four Reverse Stock Split
Adams Golf, Inc. said the Over-The-Counter Bulletin Board’s Corporate Actions group approved the company’s one-for-four reverse stock split. Additionally, the state of Delaware approved the company’s Certificate of Amendment to its Certificate of Incorpor
Chinese Production Prices Rise 6.1% in January
The Chinese government reported that the Producers’ Price Index (PPI) for manufactured goods rose at its fastest rate in three years in January. Prices for crude oil rose 29.9%, while prices for latex surged 20.7%. The index rose relatively modestly in th
FDA Clears Textronics’ Sensor Textiles for Healthcare Use
Textronics, Inc. has been cleared by the FDA to take its ECG Electrode textiles to market in the healthcare market. The company said the FDA cleared ECG Electrode for use in general electrocardiograph monitoring and recording procedures. Textronics alrea
Feel Golf Named Official Wedge of IPT
Feel Golf Company and the International Players Tour (IPT) have joined forces for the 2008 Tour Season with Feel Golf designated as “The Official Wedge” of the IPT, giving unique access to Feel’s technology for the IPT membership…
Dick’s SG Adds Maxfli to Private Brands Stable
TaylorMade-adidas Golf has sold off its Maxfli and related trademarks to Dick's Sporting Goods. The Noodle trademark and all golf ball patents will remain with TaylorMade-adidas Golf. The sale took effect February 11, 2008. Financial details will be
Escalade Sees Flat Q4 Profits; Sporting Good Revs Down 12%
Escalade Inc. reported profits were flat in the quarter ended Dec. 31 on lower sales of sporting goods to mass-market retailers. The Evansville, IL, company earned $2.6 million, or 20 cents a share – virtually the same as during the fourth quarter of 2006
Rocky Brands Accuses Former VP of Copying Boot Designs
Rocky Brands Inc. is suing a former high-ranking employee, accusing him of copying its popular Western and work boots. In the lawsuit, filed last week in U.S. District Court in Columbus, Rocky claims Glen Bratcher misappropriated trade secrets after he le
Warnaco Sells Lejaby
The Warnaco Group, Inc. entered into an agreement to sell its Lejaby business to Palmers Textil AG for approximately €32.5 million (approximately $47 million) in cash and €12.5 million (approximately $18 million) in an interest free note due December 31,
Climbing Wall Instructor Certification Program Launched
The Climbing Wall Association (CWA) and the American Mountain Guides Association (AMGA) have agreed to establish a Climbing Wall Instructor (CWI) Certification Program. The first course will be offered at the 2008 Climbing Wall Summit in Boulder, Colo. Th
Primaloft Sponsors Shop’s Backcountry Festival
Specialty outdoor retailer, The Mountaineer, in Keene Valley, NY, will host its annual Adirondack Backcountry Ski Festival on March 1 and 2, 2008. PrimaLoft – Insulation Technology will support the event as a major sponsor for the sixth year in a row.
Jarden Sees K2 Boost Q4 Sales, But Hurt Bottom Line
Jarden Corporation saw net sales jump 38% for the fourth quarter to $1.47 billion compared to $1.06 billion for the same period in the previous year. Sales for the Outdoor Solutions segment saw net sales jump 330% for the quarter to $570.2 million, booste
Industry Giant Bill Modell Dies at 86
Chairman of the Board of Modell’s Sporting Goods, William “Bill” Modell, 86, died Thursday, Feb. 14, 2008, in New York. The founder of the 136-store Modell's Sporting Goods chain earned many accolades for his pioneering work as a discount retailer, e
REI Recognized for Conservation Work
The Natural Resources Council of America (NCRA) bestowed its Corporate Stewardship Award to Recreational Equipment, Inc. (REI) for unparalleled corporate leadership in support of conservation programs in America…
OIA to Focus on Public Lands and Trade in 2008
In 2008, the Outdoor Industry Association's will focus its public policy efforts on federal development and management of public lands and securing fair treatment for imported outdoor apparel and other products. The OIA's trade initiative will s
