Dick’s/Galyans: Were You Really Surprised?
If you were surprised by Monday evening’s announcement regarding the Dick's Sporting Goods acquisition of Galyan’s Trading Company, you probably have not been reading between the lines for the last six months. After Dick’s failed in its attempt to qu
Atkins and Gevalia Settle with Bean
L.L.Bean has entered into settlement agreements with Gevalia Kaffe and Atkins Nutrionals to settle allegations that they illegally served pop-up advertisements on the llbean.com web site. On May 17, 2004, L.L.Bean filed suit against four companies — Nord
Terry Duran Joins SCOTT USA as S.E. Sales Manager
SCOTT USA has hired Terry Duran to the company’s bike group. Terry will be the sales manager for the Southeastern region. With 18 years of racing experience from track and category 2 racing to semi-pro Cross Country mountain biking, Terry’s passion has al
Peregrine Distribution Signs Deal with Aku
Peregrine Distribution Services, a division of Peregrine Outfitters has signed its newest client, AKU Trekking and Outdoor Footwear based in Montebelluna, Italy. According to Bob Olsen, President of PDS, the firm will provide warehousing, information serv
Booth Creek Struggles, but Stays Strong
Booth Creek Ski Holdings managed to keep its head above water this quarter, in spite of what was described as “very volatile and frustrating weather conditions for the better part of the ski season,” in New Hampshire, and “the balmiest March in 70 years,
Vail Posts Record Quarter; Destination Skiers Increase…
Vail Resorts chairman & CEO, Adam Aron was so pleased with his company’s Q3 results that he could hardly contain his excitement during a conference call with analysts. The resort set a new record for Mountain revenue during the quarter in spite of warm we
Bluetorch to Acquire Island Tribe
Bluetorch has signed a letter of intent with Laguna Niguel, CA based Island Tribe Inc. to purchase a majority interest in the surf apparel brand. Bruce MacGregor, President and CEO of Bluetorch Inc. stated, “This is one of the freshest brands I have seen
MEC Continues Growth…
Mountain Equipment Co-op has decided to ramp up its expansion plans in the Canadian market and start back-filling key areas. The co-op will be opening one to two stores a year for the foreseeable future and doubling up in existing markets with smaller sto
Phoenix Deal Should Boost Profits…
Phoenix Footwear joined in on the acquisition frenzy last week, announcing that they had inked a definitive agreement to purchase Altama Delta Corporation, which makes high performance combat and tactical boots for U.S. and foreign militaries…
Limited Brands Stake in Galyan’s to be Sold
As a part of the acquisition of Galyan's Trading Company, Inc. by Dick's Sporting Goods, Limited Brands' stake in Galyans will be sold at the transaction price of $16.75 per share. Limited Brands owns 3.9 million shares, or 22%, of Galyans
Backcountry.com Named Ernst and Young’s Utah Entrepreneurs of the Year
Amid the dressed up and glamorous setting of the Salt Palace Convention Center, members of the Salt Lake City business community singled out Backcountry.com co-founders Jim Holland and John Bresee as Ernst & Young’s Entrepreneurs of the Year for the Utah
Dick’s Acquires Galyan’s in $362mm Deal
Dick's Sporting Goods and Galyan's Trading Company have entered into a definitive agreement and plan of merger for Dick's to acquire all of the issued and outstanding stock of Galyan's. Under the terms of the agreement, Galyan's s
Volkl Apparel Hires New U.S. Reps
After launching their apparel line in the US for 04/05, Völkl Performance Ski Wear has added two reps in the West to help build their sales force to six for 05/06. Tracy Ross will cover the states of Alaska, Idaho, Montana, Oregon and Washington. Represen
B.O.S.S. Goes One-On-One with Scott Montgomery…
Scott Montgomery was recently appointed General Manager of Scott USA Bicycle and will lead the effort to bring Scott bicycles to the U.S. market from Europe. He was most recently VP of Marketing for Cannondale. Scott started his career at Cannondale worki
Yue Yuen Sees Margins Tighten in Q2; Athletic Continues to Shrink…
Yue Yuen continued to diversify and reduce its dependence on the U.S. athletic footwear market. The first half of fiscal 2004 proved to be solid for the Hong Kong based manufacturer, with total company sales increasing 1.3% to $1.26 billion from $1.24 bil
