Evogear.com Completes Private Equity Capital Offering to Fund Expansion
In order to support rapid growth, Evolucion Innovations, Inc., otherwise known as the online business Evogear.com, completed an equity capital offering with private investors. While financial terms of the funding were not disclosed, upon closing of the tr
Alabama Outdoors Sees Management Changes Following Acquisition
Birmingham-based Alabama Outdoors Inc. has been sold to SMAO LLC, a local investment group led by Scott McCrory, who will now serve as president of the outdoor specialty retail chain. Alabama Outdoors currently operates six retail locations throughout Ala
Osprey Continues Push into IBD Channel
Osprey Packs is pushing into the IBD market following the launch of the brand’s new series of hydration packs and bicycle commuter packs. To support this push, Osprey has added eight new independent bike rep agencies in addition to the three cross-o
SGMA: Ball Sports May See MTB Relief
Following a tariff relief that expired on January 1, 2010, the SGMA seems optimistic about the Miscellaneous Tariff Bill (MTB) and the positive impact its provisions might have on ball sports…
RECALL: Seattle Bike Supply Cyclocross Forks
Citing defective forks, Seattle Bike Supply of Kent, WA has issued a voluntary recall on 2010 Redline Conquest Cyclocross bicycles and framesets, sold through authorized bicycle specialty stores nationwide from July 2009 through May 2010…
Census Bureau: June Retail Sales Up
June retail trade sales were down 0.6% (±0.5%) from the prior month, but up 5.0%(±0.7%) from June 2009, according to advance reports issued by the U.S. Census Bureau…
Winmark Doubles Q2 Net
Winmark Corporation, the parent of Play It Again Sports, reported net income for the quarter ended June 26, 2010 of $2.33 million, or 45 cents a share, up from $1.2 million, or 22 cents, a year ago…
CORRECTION: Sports Chalet
The results of Sport Chalet, Inc.’s fiscal quarter results were incorrectly reported in last week’s review of industry retail results for the period ended May 1…
RECALL: Cyclocross Forks
Citing defective forks, Seattle Bike Supply of Kent, WA has issued a voluntary recall on 2010 Redline Conquest Cyclocross bicycles and framesets, sold through authorized bicycle specialty stores nationwide from July 2009 through May 2010…
Rock Creek Acquires Delong Brand
In a recent acquisition, Rock Creek Athletics has acquired the varsity award jacket business assets from Daden Group, including the DeLong brand…
Delta Apparel Raises FY10 Guidance
Delta Apparel Inc. said it expects earnings to range between $1.37 per share and $1.39 per share in its fiscal year ended July 3, up from 76 cents a year ago. The apparel maker's revenues reached $424 million up from $355.2 million a year ago…
Fitness Quest Partners with Perfect Fitness
Fitness Quest formed a partnership with Perfect Fitness. Under the terms of the partnership, product development and creative teams at Perfect Fitness will continue to design innovative fitness products and supporting promotional programs like the success
Billabong to Acquire Skate/Surf Brand RVCA
In a move that brings it a step closer to becoming the de facto king of the action sports market, Billabong International Ltd. reached a conditional agreement to acquire California skate/surf brand RVCA…
Wolverine World Wide Ups Guidance on Strong Double-Digit Backlogs
Strong organic growth and record gross margins helped boost Wolverine World Wide Q2 earnings up 44%. While noting that sourcing costs are heading upward, the footwear giant raised its revenue and EPS guidance for the year on the strength of double-digit b
Sportfishing Community Applauds Fisheries Management Legislation
A coalition of marine recreational fishing, boating, and conservation organizations and businesses praised new legislation designed to safeguard the strong conservation standards of the Magnuson-Stevens Fishery Conservation and Management Act (MSA) while
