Mossimo Doesn’t Want His Company Back That Badly…
Mossimo Giannulli, founder, chairman, and co-CEO of Mossimo, Inc., has withdrawn his proposal to acquire all outstanding shares of the company not owned by him for $4.00 per share, essentially taking the company private again. Giannulli said that, while h
Riddell Bell Sees Double Digit Organic Growth in Second Quarter…
Riddell Bell Holdings second quarter net sales increased 208.0% over last year, primarily due to the acquisition of Bell Sports, posting revenues of $103.8 million in the quarter ended July 2, compared to $33.7 million in Q2 last year for just the Riddell
Huffy’s Bankruptcy Reorganization Plan Approved
The U.S. Bankruptcy Court for the Southern District of Ohio has approved the Disclosure Statement for Huffy 's Joint Plan of Reorganization. The Bankruptcy Court also authorized the Company to begin soliciting approval from its creditors for its Plan
Torelli ‘Verona’ and ‘Lugano’ Tires Recalled
The U.S. Consumer Product Safety Commission and Torelli Imports have recalled about 1,100 Torelli Verona and Lugano Open Tubular bicycle tires with folding Kevlar beads. The tire can separate from the wheel, resulting in a flat tire. This can cause the ri
Hibbett Posts Another Strong Quarter; Sales Up 15%
Hibbett Sporting Goods, Inc. announced net sales for the fiscal second quarter ended July 30, 2005, increased 15.0% to $94.0 million compared with $81.8 million for the year-ago quarter. Comparable store sales increased 3.1% in the quarter. Net income for
Foot Locker Q2 Earnings Nearly Halved on 2% Sales Gain
Foot Locker second quarter net income decreased to 28 cents per share, or $44 million, from 53 cents per share, or $82 million last year. Second quarter results in 2004 included an income tax benefit of $37 million, or 24 cents per share, related to disco
Billabong Posts Strong Yearly Results on 44.1% Income Jump
Billabong International Limited reported a 44.1% rise in net profit after tax to $125.4 million (US$94.5 million) for the fiscal year ended June 30, 2005. Sales revenue as reported in Australian dollars lifted 25.0% on the prior year to $843.6 million. Ea
Cloudveil Goes Fly Fishing
Cloudveil launched an entirely new line of angling products, set for debut at the Fly Fishing Retailer Show in Denver. Originally code-named Project 8x, Cloudveil's new angling program has been more than two years in the making and is being led inter
NSGA: Women Are Influential Equipment and Footwear Customers
NSGA’s recent study, “The Sporting Goods Market in 2005,” found that females are significant purchasers in many important footwear and equipment categories. In 2004, females purchased 54% of the $14.8 billion of athletic footwear sold at retail. Specifica
Urban Outfitters Announces 2-for-1 Stock Split
Urban Outfitters, Inc. announced a two-for-one split of its common stock. This split will be made in the form of a stock dividend of one share of its common stock for each share outstanding. The additional shares issued as a result of the stock split will
Columbia Seizes 80,000 Counterfeits in July
Columbia Sportswear Company has been leading an aggressive campaign to eradicate counterfeiting of their products in several key markets. Columbia worked with local authorities in China, Vietnam, and Australia to seize products that included apparel and a
Gander Taps Home Depot Veteran for Merchandising EVP
Richard Vazquez is joining Gander Mountain as executive vice president of merchandising. Vazquez has served in various positions at Home Depot since 1994, most recently as vice president, merchandising and marketing, Mexico Division, where he oversaw all
American Hiking Society National Trails Fund Applications Under Way
American Hiking Society is currently accepting applications for the 2006 National Trails Fund. The National Trails Fund is the country's only privately funded grants program providing financial assistance to grassroots organizations working toward es
Pacific Sunwear Names Weiss to Board
Pacific Sunwear of California, Inc. announced the appointment of Michael Weiss to the company's Board of Directors. Mr. Weiss spent 23 years at Limited Brands where he was most recently CEO of Express, a 1,000-store division of Limited Brands. Mr. We
Kohl’s Outlines Five-Year Plan; Sees $24 Billion in Sales by 2010
Kohl's Corporation hosted an investor conference in Boston, Mass. on Wednesday where the company discussed its five-year financial objectives and supporting growth strategies. By the end of fiscal year 2010, Kohl's plans to operate over 1200 st
