Garmin to Acquire Dynastream in $36 million Deal
Garmin is enhancing its position in the fitness and training industry by acquiring one of its key component suppliers, Dynastream for $36 million in cash. The Alberta, Canada-based company will continue to operate as a wholly-owned subsidiary of Garmin. D
U.S. Supreme Court Hears CO2 Regulation Case…
The U.S. Supreme Court heard oral arguments this week in the Massachusetts v. EPA suit. To many environmental groups and outdoor businesses that depend on snowfall, this is considered a landmark global warming case. Petitioners in this case are asking the
Kellwood Company Q3 Earnings Slip on Restructuring Charge
Kellwood Company net sales totaled $516.4 million, as compared to $520.0 million in the third quarter last year. Net earnings from continuing operations were $5.5 million, or 21 cents per diluted share, versus $7.9 million, or 29 cents per diluted share,
Kangol Sold to Sports World’s Mike Ashley
August Equity Trust plc reported in a release that the equity fund had “realised its investment” in the Kangol brand signifying its sale, while reports out of the UK name Mike Ashley, owner of Sports World, as the buyer. Rumors tag the final purchase pri
GSI Commerce Sees Alternative Payment Methods Boost Sales
GSI Commerce Inc. reported that for the period extending from Black Friday, Nov. 24 through Cyber Monday, Nov. 27, the alternative checkout and payment methods most recently added to the company's platform — Bill Me Later, Google Checkout and PayPal
Royal Robbins Names New Midwest Rep Agency
Royal Robbins hired the West Bay Trading Company of Ann Arbor, Michigan to cover the Midwest region…
Timberland Acquires Howies
The Timberland Company has acquired Howies Limited, an active sports brand founded on the idea of designing and manufacturing clothing for the inspired action sports and outdoor customer. Howies was created to serve as a voice and mechanism for communicat
J.C. Penney DS Sales Rise 3.3%; Comps Up 1.4%
J. C. Penney Company, Inc. saw comparable sales at its department stores increase 1.4% in November on top of last year's 3.6% improvement. Total department store sales increased 3.3% for the month to $1.62 billion from $15.7 billion last year…
Federated’s November Slowed by Store Closings
Federated Department Stores, Inc. posted an 8.9% decrease in total sales for the month of November to $2.385 billion from $2.617 billion in the same period last year. Total sales declined from November 2005 to November 2006, impacted by the closing of 78
BJ’s November Comps Increase 0.6%
BJ's Wholesale Club, Inc. sales for November 2006 increased by 4.9% to $652.5 million from $621.8 million in November 2005. Comparable club sales increased by 0.6% for the month, including a negative impact from gasoline sales of 1.3%. Excluding the
Neiman Marcus November Comps Climb 2.9%
Neiman Marcus, Inc. November 2006 revenues were $332 million compared to $315 million last year, and increase of 5.3%. Comparable store sales for the month increased 2.9%…
The Bon-Ton November Sales Down 12.3% Without Acquisition Help
The Bon-Ton Stores, Inc. posted a 159% increase in November sales to $367.0 million from $141.9 million for the same period last year when including a $242.5 million benefit from the acquisition of the Carson's and Parisian stores. Excluding the acqu
OIWC Calls for Award Nominations
Nominations for the Pioneering Woman Award for both the outdoor and snowsports industry and the First Ascent Award for the snowsports industry are due on Friday December 15th. Time is running out to nominate your mentor or a young woman new to the industr
Lotto Acquires Etonic Worldwide
Lotto Sport Italia has acquired Etonic Worldwide.
The acquisition allows Lotto to significantly strengthen its US market position by bringing an important and well-known brand within its portfolio. Etonic’s management re-launched its golf brand in 2004 an
Keen Plans 900 Mile Cycling Fundraiser and Documentary
Keen, Inc. plans for a 900+ mile cycling fundraising initiative and accompanying documentary film called Hybrid.Pedal. The initiative will generate awareness of and support for The Conservation Alliance…
