Collegiate Pacific Completes Dixie Sporting Goods Acquisition
Collegiate Pacific has completed its acquisition of Dixie Sporting Goods of Richmond, Virginia. The purchase price was approximately $6 million, payable primarily in cash, and includes the potential for an earnout payment of up to an additional $1 million
Setnica Will Moderate OIWC Panel
Lou Setnicka, Training & Employee Development Manager for Patagonia, Inc. will moderate the Outdoor Industries Women's Coalition panel examining women's leadership issues at the annual OIWC Summer Gathering during the Outdoor Retailer Summer Mar
NRF Raises 2004 Retail Sales Forecast on Strong H1
Strong retail sales gains in the first half of this year have prompted the National Retail Federation to revise its 2004 forecast for GAFS sales. According to its forthcoming Retail Sales Outlook report, NRF has revised its 2004 forecast from 5.0% growth
Timberland Kick’s Off Outdoor Tour
The Timberland Company has launched a nationwide tour stopping at 78 of the country's biggest outdoor events
and adventure races. The tour kicks off with participation in events in California, Oregon, Illinois and the renowned Leadville Trail 100 Se
OIA is Concerned Over Change to Roadless Rule
The Outdoor Industry Association issued the following statement in response to Secretary of Agriculture Ann Veneman’s announcement of a new Roadless Rule which would abandon national protections for the nation’s last wild forests. The new rule would requ
Russell Corp. To Exceed Q2 Earnings Expectations
Russell Corporation said it expects to exceed analysts' expectations for the second quarter ending July 4, 2004. Russell also sold its interest in Marmot Mountain, Ltd., which will result in a one-time second quarter gain of 8.5 cents per share. In
June Retail Results Cause Concern for BTS…
June retail results surprised many that had become accustomed to the run-up in retail sales performance over the last six months or so. But as tax rebate checks get spent, gasoline prices stay high, and the Fed starts to raise interest rates, the consume
Sears Establishes New Retail President Role; Cosby Exits
Sears, Roebuck and Co. has established a new, expanded leadership position of President of Sears Retail. The new role reflects the next phase of the company's growth strategy, including Sears' recently announced accelerated expansion off-mall.
Operators Settle Suit Over Steamboat Sale
Triple Peaks, LLC and American Skiing Company have jointly announced the settlement of the lawsuit regarding the termination of the proposed 2002 sale of the Steamboat Ski Resort to Triple Peaks, LLC. In return for a cash settlement, Triple Peaks has agr
Triple Peaks and American Skiing Co. Settle Steamboat Suit
Triple Peaks and American Skiing Company have jointly announced the settlement of the lawsuit regarding the termination of the proposed 2002 sale of the Steamboat Ski Resort to Triple Peaks, LLC. In return for a cash settlement, Triple Peaks has agreed to
Oakley Lowers Guidance on Softer than Expected Sales
Oakley expects to report its second quarter net sales will be approximately $152.0 million, an increase of 5.7% over the year-ago period. As a result of these sales, the company has revised its annual earnings guidance of 65 cents per share on 12% net sal
Dick’s Clears Antitrust Hurdle in Galyans Deal
According to Dick's Sporting Goods, the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, with respect to its pending all cash tender offer for all of the outstanding shares of common stock of Galyan's Tr
Product Disputes to Accelerate Conley’s CBUK Departure
Per a Transition Agreement, Fran Conley will remain the Cutter & Buck's chairman and CEO, and a member of the Company's Board, through September 15, 2004 and then transition to an employee through March 15, 2005. She will work with the Board on
Footstar Sells California DC for $20 Million
Footstar, Inc. has entered into a definitive agreement to sell the Company's distribution center in Mira Loma, California and to outsource certain warehousing and distribution operations to support the ongoing needs of the Company's Meldisco div
Schoeller Expands into Turkey
Switzerland’s Schoeller Textil AG will open its new sales office in the International Textile Center near Istanbul. Schoeller Turkey Ltd. guarantees a presence for the Swiss textile corporation and the ability to act quickly in Turkey, known to be one of