Garmin to Acquire Spanish Distributor
Garmin Ltd. has signed a letter of intent for the proposed acquisition of Electronica Trepat S.A., the principal distributor of Garmin's consumer products in Spain. The completion of the acquisition is subject to the negotiation and execution of a de
June Retail Comps Up as Market Readies for BTS…
The retail market took another step away from April’s woes in June with modest comparable sales gains that spurred the Dow Jones into the biggest single day jump in almost four years and sent the index near the 14,000 mark. However, Friday saw stocks sta
West Marine Q2 Comps Continue to Decline
West Marine’s comparable store sales for the second quarter decreased 2.9% due to a generally slow boating market in Florida and higher gas prices impacting water sports. Net sales for the quarter were $247.8 million, a decrease of 6.3% from net sales of
Confluence and Johnson Outdoors Settle Lawsuit…
Johnson Outdoors Inc. has reached a settlement agreement with Confluence Holdings Corp. that will end a long-standing intellectual property dispute between the two companies. While the terms of the agreement are confidential, the settlement does not const
Wolverine World Wide Sees Another Strong Performance from Outdoor Group…
Wolverine World Wide continues to rely on its Outdoor Group and its licensing business in its Heritage Brands Group for the majority of quarterly revenue gains while the Bates military business is showing more weakness in the face of slow government order
adidas CEO Anticipates Record Year in 2008…
In an interview with German daily newspaper, Die Welt, adidas’ chief executive, Herbert Hainer, commented that the rumors of a takeover by Nike are completely unfounded. 2008 “will be a record year,” according to Hainer as soccer revenue alone should exce
Lululemon Shrinks IPO Offering…
Lululemon Athletica Inc. said in a filing on Friday that it is shrinking the size of its initial public offering by nearly 10%, to 16.4 million shares from 18.2 million. The investors plan to sell 14.1 million shares, down from an earlier plan for 15.9 mi
Jansport President Corvino Killed in Car Accident…
Michael Corvino, president of JanSport, was killed Saturday in a car accident. Corvino, who was 46 years old, died when he lost control of the 1970 Dodge Charger he was driving, veering off the road and hitting a tree, according to a California Highway P
June Sport Footwear Sales Growth Accelerates on Promotional Increases…
The month of June presented a mixed bag of results for the sporting goods and athletic footwear and apparel markets as retailers in the mall turned up the heat on the promotional fire in footwear and apparel to drive growth towards the back end of the mon
RECALL: Sport Maska Goalie Masks
Sport Maska Inc., the hockey equipment unit of Adidas AG, recalled 1,325 facemasks in the U.S. and Canada because they failed quality-control tests. Sport Maska said it hasn't received any reports of injuries from the FM5K masks, which were sold in M
Garmont Acquires Life-Link…
Garmont NA has acquired Life-Link Backcountry Travel from its parent company, Life Link International. The terms of the acquisition were not disclosed. Silver Steep Partners served as financial advisor to Life-Link Backcountry Travel. Life Link Internatio
Zumiez Comps Soar Again…
Zumiez Inc. recorded a June sales increase of 48.8% to $31.5 million from $21.2 million last year with another double-digit comps jump. Same-store store sales increased 13.7% for the month on top of a 12.4% in the year-ago period. On a recorded conference
Hedge Fund Picks Up Large Stake in Under Armour…
Lone Pine Capital and related funds acquired a 7.8% stake (2,728,463 shares) in Under Armour Co., according to a filing with the SEC. Lone Pine did not show a stake in UA for the quarter ended March 31, 2007. News of the fund’s purchase led Under Armour’
P.E. Firm Acquires Performance Bike…
North Castle Partners, a private equity firm, has acquired controlling interest in Performance, Inc., one of the largest on-line and brick & mortar bicycle retailers in the country. Terms of the transaction were not disclosed, but deals in this sector typ
EORA Shifts Show Dates…
Eastern Outdoor Reps Association will be moving their Hartford, CT show serving the Mid-Atlantic and Northeast market from August to July in 2008. The EORA is also presently investigating a site for a post Labor Day on-water paddlesports event. Historical
