Brunswick Offers $150 Million in 5% Notes
Brunswick Corporation announced the offering of $150 million aggregate principal amount of 5% notes due 2011 under a shelf registration statement previously filed with the Securities and Exchange Commission. The company said it intends to use the net proc
Yue Yuen Takes 30% Stake in Bag Manufacturer
Yue Yuen Industrial (Holdings) Limited acquired a 30% stake in accessory manufacturer Prosperous Industrial (Holdings) Limited (PIHL) for US$20 million with the option for the Group to acquire an additional 10% stake in PIHL. The PIHL group, which makes
And Finish Line Accuses Foot Locker of Spying…
The Finish Line Inc. filed suit on Thursday against arch-rival Foot Locker, Inc., alleging that Foot Locker attempted to steal key management in an effort to obtain sensitive financial information…
NSGA Projects 2% Growth for Industry…
In the soon to be released report, The Sporting Goods Market in 2004, the NSGA is expecting 2% growth in the industry for 2004. Sporting goods sales, which have been relatively flat for the past three years, are projected to reach $46.6 billion, compared
VF Corp. Makes Moves to Push Outdoor Business Forward…
Mike Egeck, currently President of The North Face, has been named President of Outdoor – North America for VF Corporation. Egeck will continue to have responsibility for The North Face brand and will add responsibility for the JanSport and Eastpak brands
Penguin Brands Acquires Nathan…
Penguin Brands is doing its part in the continued consolidation of the industry, closing a deal last week that sees the owner of the Penguin Shoe Care, Penguin Apparel Care, Sorbothane, and ProArc product lines acquire the assets of Nathan Performance. N
Epstein Avoids Jail in JFF Sentencing…
Jon Epstein, the former CEO of Fila USA and Fila’s new parent company, Sport Brands International, was sentenced Friday by U.S. District Judge Karon O. Bowdre to 5 years probation, 6 months home detention, and a $10,000 fine in the Just for Feet fraud cas
SIA Sums Up Winter Season at Retail…
Terrific ski conditions in the West, and record skier visits at many resorts were balanced out this year by bitter cold and an abundance of ice in the East. Still, the SIA retail audit for the entire 2003-2004 retail season showed some respectable growth
Famous Footwear Starts to See Traffic Gains; Q1 Operating Profit Up 17%…
Famous Footwear started to see increases in customer traffic for the first time since its new theme and strategy was put in place and the family footwear chain is now starting to see its “new target customer” discover the stores for the first time. The s
Bob’s Stores Adds Value to TJX in Q1…
The TJX Companies, Inc. reported that first quarter sales at Bob's Stores were $61.4 million and posted operating earnings of $1.25 million at the 31-door unit acquired last year after a hard bidding process with Dick's Sporting Goods and their
U.S. Sporting Goods Retail Starts Year with a Strong Sales Gains…
A number of U.S. sporting goods retailers reported fiscal first quarter results last week, showing as a group a 22.9% increase in sales for the period. (see chart on page 5) The four retailers join Big 5 Sporting Goods, which already reported Q1 results,
Johnson Family Extends $18 Per Share Offer
Johnson Outdoors announced that Helen Johnson-Leipold, Chairman and Chief Executive Officer, and Samuel C. Johnson, majority shareholder and director of Johnson Outdoors, are extending their non-binding proposal to acquire the outstanding public shares of
Buck Knives Announces Early June Groundbreaking for New Facility
Executives of Buck Knives Inc. signed documents to commence construction on their new headquarters in Post Falls, Idaho, marking the first step toward moving their manufacturing facility from it's current home in El Cajon, CA. A staggered transition
The Finish Line Issues Statement After Foot Locker CEO Makes Charge
The Finish Line, Inc. issued a press release late Thursday in response to comments made by Foot Locker chairman and CEO Matt Serra on a conference call with analysts following FL's Q1 earnings release. Finish Line said they issued the statement due
Big Dog Holdings Q1 Loss Widens on Acquisition Expenses
Big Dog Holdings, Inc. reported consolidated net sales for the first quarter ended March 31, 2004 were $21.9 million as compared with $15.4 million in the first quarter 2003. Consolidated retail store sales increased 43% due to the addition of $5.3 millio
