Ashworth Sees Sales and EDC Issues Impact Q2…
Ashworth, Inc. had a tough fiscal second quarter as sales decreases were compounded by a margin hit from the company’s Embroidery and Distribution Center being under-utilized. The company saw growth in its Gekko division as well as in its Outlet Stores. T
Lafuma to Bring Oxbow to U.S.; Sees Own U.S. Growth Strong…
Later this year, the Lafuma Group will be bringing the French surf brand Oxbow across the Atlantic to the U.S. market. Heading up the effort, Oxbow’s key sponsored athlete, Laird Hamilton will take a 12% stake in the U.S. subsidiary. The main office and d
World Kayak Organization Looks to Double Whitewater Participation in Five Years…
The newly formed World kayak Organization, backed by Jackson Kayaks, is looking to double whitewater kayaking participation in the next five years. The organization is doing this by creating a community hub at WorldKayak.com that focuses on news, recreati
OBITUARY: Bill Cramer
Charles William (Bill) Cramer, chairman of the board of Cramer Products, Inc., passed away June 4th at the age of 86. He served as president of Cramer from 1973 – 1976, and also served the company as vice president of international sales and executive vic
SGMA: Congress Continues PEP Support…
The U.S. Department of Education has awarded $44.5 million for 146 new PEP grants to schools and community-based organizations in 39 states, according to the SGMA. The balance of the PEP grant funds – roughly $28.5 million – is being distributed to existi
Upper Deck Makes Offer to Acquire Topps Company
The Upper Deck Company through its direct wholly-owned subsidiary, UD Company, Inc., is commencing a cash tender offer today for all of the issued and outstanding shares of The Topps Company, Inc. common stock, par value $.01 per share, at a price of $10.
Luxottica Acquires Oakley in $2.1 Billion Deal…
In the second of two multi-billion dollar deals to hit the sporting goods industry this week (the first being the Finish Line-Genesco acquisition at $1.5 billion), the Luxottica Group will acquire Oakley for roughly $2.1 billion, or $29.30 per share. This
Globe Sells World Industries to i.e. distribution
Globe International has entered into an agreement for the sale of the World Industries brand to i.e. distribution, based in Newport Beach, CA. Completion of the transaction occurred on June 25, 2007, with the final consideration of $8 million expected to
Lululemon Prices IPO; Q1 Comps Up 20%…
Lululemon Athletica Inc. in an SEC filing registered to sell 18.2 million shares in its initial public offering at projected prices between $10 and $12. The number of shares to be sold and the pricing range were not included in a previous filing. The Vanc
NGF Names VP in Charge of Business Development
NGF has named Gregory T.A. Nathan as vice president, with responsibility for business development within the consulting and research divisions. He will work with current and prospective clients, helping them to grow their businesses by leveraging NGF’s re
VF Continues Acquisition Hunt; Reef Launches Apparel Line
At the Reuter’s consumer and retail conference in New York, VF Corp. Chairman and CEO Mackey McDonald said that the company is ready to pursue more acquisitions and focus on outdoor and sportswear brands that cater to the women’s market. Besides finding
Teva Mountain Games Generate $4.6 Million
Organizers of the Teva Mountain Games released the results of an economic impact study conducted during the event, concluding that the five-day festival generated over $4.6 million in incremental revenue for the local economy. The sixth annual Teva Mounta
Royal Robbins Finds A New Home with American Rec…
After two and a half years under the ownership of the Phoenix Footwear group, Royal Robbins has found a new home in Kellwood’s American Recreation division. Phoenix originally acquired Royal Robbins on October 31, 2003, for approximately $11.7 million and
Early Softgoods Declines Plague Rest of NBA Season…
Though the NBA season finished with strong sales results, weakness early in the 2006/2007 season resulted in weak overall growth at retail when compared to the ‘05/’06 season. Overall sales of NBA licensed product grew in the low-singles, according to re
Industry Vendors See Q1 Profit Growth Lag Sales…
With the last of the first quarter reports now filed with the SEC, Sports Executive Weekly presents a wrap-up of industry public company results. SEW’s review shows healthy sales for the industry when looking at the overall market with sales increasing in
