Whitewater Hall of Fame Transferred to Foundation
The Paddlesports Industry Foundation (PIF) has acquired the International Whitewater Hall of Fame (IWHOF) from its founder, the Adventure Sports Center International (ASCI). The deal will allow the non-profit ASCI to focus on running the center, which fea
Genesco and Finish Line Boards Approve Settlement
Boards for Genesco Inc. and The Finish Line Inc. approved a definitive agreement to terminate their merger agreement and all related litigation with units of investment bank UBS in a settlement that will leave Genesco approximately $200 million richer. Th
OGIO Files Suit Against Callaway for Patent Infringement
OGIO has filed papers with the State of Utah's Federal District Court citing Callaway Golf Company for patent infringement. The papers were filed February 13, 2008. The suit is over OGIO's Woode organizing top, which was requested in the design
Gildan Sees Sock Programs Bolster Strong Q1
Gildan Activewear Inc. reported first quarter net sales increased 34.8% to $250.5 million from $185.8 million for the same period last year. The increase in sales revenues was due to an increase of 92.7% or $39.4 million in sock sales due to the acquisiti
Steve and Barry’s Gains Funding
GE Commercial Finance Corporate Lending has provided a $197 million asset-based credit facility to Steve & Barry’s. The loan will be used for ongoing working capital needs. GE Capital Markets arranged the transaction…
UPDATE: Genesco and The Finish Line Agree to Terminate Merger
Genesco Inc. and The Finish Line, Inc. have reached a tentative agreement to terminate their $1.5 billion merger agreement and settle all litigation. Under the deal, GCO will receive $175 million in cash and FINL stock equal to 12% of total post-issuance
Puma AG Sees Growth Slow Again, But U.S. Slow Down Helps Margins…
After years of double-digit growth, Puma AG came back down to earth in 2007, posting weaker growth for the year despite the continued consolidation of former distributors and a growing owned-retail business, thanks in large part to a decline in the U.S. a
Big 5 Anticipates Negative Comps through 2008…
Big 5 Sporting Goods Corporation’s same-store sales fell 4.7% in the fourth quarter and will do more of the same throughout 2008. The retailer said it expects same-store sales to decline in the low to mid-single-digit range in the first quarter and for th
Globe Sees H1 Sales Improve…
Globe International, like the other Australian businesses with a bulk of sales in the U.S. saw currency exchange rates eat into what would have been strong results for the fiscal first half. The company saw H1 net sales grow 2.8% to $63.6 million, but wou
Speedo Sales Dip 12% in 2007…
Speedo revenues for 2007 fell 12%, or about $30 million, primarily due to a reduction in shipments to clubs. On a positive note, Warnaco, its parent, noted that Speedo's shipments to its team dealer network and sporting goods stores were up 3%, and S
OBIT: Dennis Charles “O’D” O’Donnell
Dennis Charles O’Donnell passed away due to respiratory failure from ALS, more commonly known as Lou Gehrig’s disease, on February 16, 2008, leaving behind family, friends and business associates, all who knew him as “O’D”…
Accell Profits Rise 33% and Will Fuel Acquisitions
Dutch bike maker Accell Group N.V. reported record profits and sales for 2007. Accell said net profits rose 33% to € 24.4 million ($33.5mm) on a 10.3% increase in turnover to € 476.1 million ($655.8mm). The company, which said Wednesday it bought a German
Outdoor Industry Association Forms PAC
The Outdoor Industry Association (OIA) board of directors has approved the formation of the OIA Political Action Committee. The new political action committee, known as OIAPAC, will support candidates seeking election to Congress or the presidency…
Montrail Marketing Functions Folded into Mountain Hardware
Columbia Sportswear Company said it will place all sales, marketing and service functions for Montrail Inc. under the management team of Mountain Hardwear Inc. effective May 1. The move is designed to better align the two brands and streamline operations
Columbia Realigns Montrail Under Mountain Hardwear
Columbia Sportswear Company announced that effective May 1, 2008, all sales, marketing and service functions for Montrail Inc. will be realigned under the management team of Mountain Hardwear Inc. Montrail product sourcing functions will remain under Colu
