OrthoLite Names West Coast Sales Manager
OrhtoLite hired Deb Rust as West Coast Sales Manager. She is responsible for overseeing all sales and business development opportunities in California, Washington and Oregon, while also enhancing and maintaining relationships with OrthoLite’s west coast c
Asics Sues Skechers for Patent Infringement
ASICS America Corporation and ASICS Corporation Japan have filed a lawsuit in the US District Court, Central District of California against Skechers U.S.A., Inc. for trademark infringement, unfair competition, trademark dilution and false advertising. ASI
Soffe Carries Delta Apparel in Second Quarter…
Delta Apparel, Inc. saw its FunTees acquisition mask weakness in its core Delta apparel business, while Soffe continued to be a bright spot in the second quarter. Junkfood, on the other hand, was unable to keep pace with a strong year-ago quarter, which
Moosejaw Takes on Private Equity Partner
Parallel Investment Partners has completed the recapitalization of Moosejaw Mountaineering and Backcountry Travel, Inc. Moosejaw currently serves its customers through six retail stores in Michigan and Chicago, a significant online business through Web s
Gildan’s Organic Gains Boosted by Acquisition…
Gildan Activewear Inc. reported sales in its fiscal first quarter of $185.8 million, up 54.4% from $120.3 million in the first quarter of last year. The increase in sales revenues was due to $42.6 million of sock sales resulting from the acquisition of K
Outdoor Retailer Winter Market ‘07: Bigger and Greener than Ever…
Two years ago, Patagonia’s CEO Michael Crooke issued a challenge to the outdoor industry to become the leaders in environmental sustainability. Apparently the industry took this message to heart, because this year’s OR Winter Market was a showcase of inno
adidas Group Sees Positive Growth for Reebok in 2007…
adidas Group expects growth overseas to push sales at Reebok to roughly $5 billion over the next three to five years from their current $3 billion in revenues. The increases are expected to come from strong growth out of mostly developing markets in Asia
Under Armour Shares Dip Despite Record Quarter…
Under Armour, Inc. posted very solid gains in the 2006 fourth quarter and increased its guidance for 2007, but the company got a hard cold lesson in the sometimes illogical behavior of the public market as it missed Wall Street’s bottom-line expectations
Gryphon Closes on G.I. Joe’s Acquisition
Gryphon Investors has closed on its acquisition of G.I. Joe’s, Inc. Terms of the transaction were not disclosed. Wells Fargo Retail Finance provided the financing for the transaction and Houlihan Lokey was the financial advisor for GI Joe’s…
adidas, Nike, and German Football Part Vier…
The love triangle between Nike, adidas and the German Football Association (DFB), continues to unfold with the most recent events involving Nike’s bid, adidas’ refusal to match, and a possible court battle between adidas and the DFB. Reports out of German
Nautilus Hopes to Acquire Largest Contract Manufacturer
Nautilus, Inc. has signed a purchase option agreement to acquire the assets of its largest contract manufacturer, Xiamen, China-based Land America Health and Fitness Co., Ltd. Consideration for the acquisition is approximately $72 million in cash and stoc
adidas Expects Reebok to Hit $5 Billion
adidas expects growth overseas, especially in Asia, to push sales at Reebok to roughly $5 billion from their current $3 billion, over the next three to five years. They also expect to cut costs across the company by about $113 million this year. That will
Delta Fiscal Q2 Income Impacted by Integration and Commodity Costs
Delta Apparel, Inc. Net sales for the three months ended December 30, 2006 increased 26.4% to a second quarter record of $72.9 million compared to $57.7 million in the prior year’s second quarter. Net income for the second quarter was $0.6 million, or sev
Polar Design Acquired by Sport Innovation Group
Polar Design, Inc. along with its Polarpak and Promopak brands, has been acquired by the Sport Innovation Group, Inc. Terms of the deal were not disclosed…
Confluence’s Woolsey Join PIA’s Board of Directors
The Paddlesports Industry Association added Kelley Woolsey to its board of directors as he took an at-large position. Woolsey is SVP Sales and Marketing at Confluence Watersports of Easley, South Carolina…
