Russell Corporation Dips Toe Deeper into Specialty Channel with Brooks Deal…
After months of speculation about the pending sale of three more athletic footwear companies, it is Brook Sports that has made the first move, with parent JH Whitney inking an agreement last week to sell the company to Russell Corporation in a deal worth
Salomon Cutting French Jobs; Will Move Production East
Salomon has launched a restructuring program to improve its profitability and further ensure long-term competitiveness. By 2007 Salomon's ski production in France will be reduced to 35% from a current 55%, mainly by increasing production in Romania.
IISA to Restructure; Mathis to Move to SGMA
The Board of Directors of the International Inline Skating Association (IISA) agreed that the group has accomplished its original mission and will subsequently right-size the Association in 2005 in response to that accomplishment. The restructure will re
Skechers USA Settles Three Class Action Suits
Skechers USA, Inc. has reached a preliminary agreement to settle three disputed class action lawsuits brought by former and current store managers, assistant store managers and employees of the company's retail stores. The preliminary settlement, wh
Bell Sports Acquires Sports Instruments
Bell Sports has purchased Sports Instruments, a pioneer in electronic performance enhancing technology and devices for athletes. Sports Instruments products include heart rate monitors, cycle computers and sports watches. Bell will market and sell the Sp
Industry Starts to Settle Down After MandA Binge…
Industry vendors looked to acquisition help to boost sales and earnings growth for the third quarter, with the Hardgoods companies relying much more on those deals over the last year to bolster the top line. Benefits from foreign exchange rates also push
Phil Knight Adds Color on Impending CEO Move…
Phil Knight made an appearance on the quarterly conference call with analysts to discuss the company’s fiscal second quarter results, but also took the opportunity to outline the thought process behind his departure as president and CEO of NIKE, Inc., the
Quiksilver Breaks Billion Dollar Threshold in Fiscal 2004; DC Integration Progresses…
Quiksilver, Inc. has doubled its revenues in the last three years, boosted earnings 134% over the same timeframe, and has seen its market cap surge to $1.75 billion from just about $400 million when the company reported year-end earnings three years ago.
Veltec Launches SnowSports Division
Veltec Sports is bringing their expertise and marketing horsepower to the slopes this winter. Veltec’s new Snow Sports Division will make its official debut at January’s SIA Show, showcasing the latest helmets, goggles and eyewear from Briko, energy nutri
Sport-Haley to Look at Strategic Alternatives
Sport-Haley, Inc. has engaged the investment banking firm of Caymus Partners LLC to assist the Company in exploring potential strategic alternatives to maximize shareholder value. It is not known at this time whether any transaction will result from explo
Quiksilver Sales Surpass Billion Dollar Mark in Fiscal Year
Quiksilver, Inc.reported that consolidated revenues for the fourth quarter of fiscal 2004 ended October 31, 2004 increased 30% to $350.3 million as compared to fiscal 2003 fourth quarter consolidated revenues of $269.2 million. Consolidated net income inc
New Brands and New Channels in Q4 Bring Ashworth Revenue up 49.3%
Ashworth, for the fourth quarter ended October 31, 2004,
reported that consolidated net revenue increased 49.3% to a record $48.3 million as compared to $32.3 million for the fourth quarter of fiscal 2003. Consolidated fourth quarter net income increased
Rocky Receives Financing Commitment for EJ Acquisition
Rocky Shoes & Boots has received financing commitments, subject to customary closing conditions from GMAC Commercial Finance LLC and American Capital Strategies, Ltd for credit facilities totaling $148 million. The new credit facilities will be used to fu
Nike Fiscal Q2 Net Up 46%; U.S. Futures Increase 10%
NIKE, Inc. reported second quarter revenues increased 11% to $3.1 billion, versus $2.8 billion for the same period last year. Second quarter net income totaled $261.9 million, or 97 cents per diluted share, compared to $179.1 million, or 66 cents per dilu
Fox River Inks Deal with WEDALI
Fox River has inked a sponsorship deal with the WEDALI (We Eat Dust…And Like It) Adventure Racing Team. Justin Bakken, Scott Lund, Paul Bronkhorst, Ellen Farseth and Scott Erlandson (all with ties to the Midwest) make up the team and recently placed 6th i
