UPDATE: SRAM Says Lehman Deal Moving Forward
Bicycle component maker SRAM said a deal to sell 40% of the company to a unit of bankrupt Lehman Brothers has not closed but is moving forward. If the deal falls through, SRAM will merely look for a new strategic financial partner to help finance its glob
Pending Legislation is Likely To Impact Outdoor Industry…
A coalition of trade associations, including the Outdoor Industry Association, outdoor businesses and other interested groups, have joined together in asking Congress to correct or postpone the implementation of changes to the Lacey Act, a section of the
Dreams Inc. Acquires StarStruck/ProTeam
Dreams, Inc. has acquired the assets of StarStruck/ProTeam, a catalog-focused retailer in the sports licensed products industry. Star Struck/ProTeam is one of the largest catalog and internet retailers of licensed Major League and Minor League merchandise
Sport Chalet Sponsors USC
Sport Chalet, Inc. has secured an exclusive three-year sponsorship deal with the University of Southern California (USC) to become the “Official Sporting Goods Store of USC Athletics.” The agreement allows Sport Chalet the opportunity to enhance and expan
GSI Commerce, Timberland Pony up Millions to Settle Spam Case
A federal judge has granted preliminary approval to a $7 million settlement submitted by GSI Commerce Inc., Timberland and a Florida wireless carrier to settle allegations they sent unsolicited advertisements for Timberland products via text messaging in
Soles4Souls Aids Hurricane Ike Victims
Soles4Souls Inc., the international charity dedicated to providing free footwear to those in need, has sent 85,000 pairs of shoes to victims of Hurricane Ike in the past two days, and is actively seeking assistance from donors and manufacturers to help fu
Outdoor Industry’s Margins Squeezed in Q2
Second-quarter sales were brisk for outdoor vendors and retailers, but declining margins caused declines in profits and return on sales. Sales growth nearly kept pace with inventory growth, a good sign as the industry continues to encounter increasing cos
Lululemon Doubles Second Quarter Net Income; Expansion Continues
Lululemon Athletica Inc. more than doubled second quarter net income and the company maintained its earnings guidance in the face of a tough retail environment. LULU also said it continues on its plans to open 35 stores this year. The sales gain for th
ASR Part II: Revenge of the Apparel and Hardgoods
With footwear covered in last week’s ASR review this week we turn our attention to the apparel and hardgoods manufacturers on the show floor at the ASR show. For the most part, trends in apparel held steady from last year as bright colors and tight fits
Project Blue Enters Second Year With High Hopes
At the recent ASR show, Sports Executive Weekly sat down with Vipe Desai, founder of Project Blue, an action sports industry organization that helps to raise funds for the Surfrider Foundation through special products manufactured by industry companies li
Masterfit University Adds Backcountry Training
Masterfit University Training Centers will offer courses for alpine and telemark boot fitting through two new program tracks. MFU's new Backcountry Connection teaches techniques for fitting and modifying these specialty boots for comfort and perform
Orvis Venture Secures Acreage for Texas State Park
Orvis/Cushman & Wakefield has brokered the sale of a 2,864-acre ranch in Texas to the Trust for Public Land in a deal that will expand the Palo Duro State Park by 10 percent. The Orvis Company and Cushman & Wakefield, Inc. formed the joint venture to mar
EMS to Celebrate New Massachusetts Store Oct. 3
Eastern Mountain Sports will host a grand opening Oct. 3 of its new location at Patriot Place, adjacent to Gillette Stadium in Foxborough, Mass. The new location becomes Eastern Mountain Sports’ 15th store in Massachusetts and its 15th using a new store f
Lululemon Founder to Transfer Shares
Lululemon Athletica inc. announced that founder and Chairman Dennis J. Wilson set plans to transfer about $11 million in restricted stock to an undetermined number of founding employees…
RECALL: Aqua Lung Regulators
The CPSC and Aqua Lung are recalling approximately 6,000 Titan DIN 1st Stage Scuba Regulators and Titan/Conshelf DIN Scuba Adaptors. Over-tightening of the DIN retainer by a technician during installation can result in the retainer breaking under pressure
