Mark Parker completed his first full fiscal year as CEO of Nike, Inc. as the company delivered solid results and a strong outlook for the future. NKE shares were up more than 10% for the week last week to close at $58.29 on Friday. The company’s share p
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The Finish Line Highlights Bright Spots in a Very Tough Fiscal First Quarter…
The Finish Line, Inc. wasn’t talking much last week about its planned merger deal with Genesco, Inc., except to outline some of the financing in place to fund the deal. The high debt load the deal will bring with it had a number of analysts skittish enou
Luxottica Acquires Oakley in $2.1 Billion Deal…
In the second of two multi-billion dollar deals to hit the sporting goods industry this week (the first being the Finish Line-Genesco acquisition at $1.5 billion), the Luxottica Group will acquire Oakley for roughly $2.1 billion, or $29.30 per share. This
Industry Dances Around New Acquisition Talk…
In a market environment that tends to see a new acquisition or merger deal each week, it now appears that the absence of a deal after some wild speculation now garners as much attention. It is interesting to note that while the stock market has been on a
Steve Madden, Ltd. Acquires E-Commerce Provider; Names New President
Steven Madden, Ltd. has acquired Compo Enhancements, Steven Madden, Ltd.'s outsourced e-commerce solutions provider, and appointed its founder and CEO, Jeffrey Silverman as president of Steven Madden, Ltd. Mr. Silverman will report directly to Jamies
New Markets and Acquisitions Play Central Role in Industry Growth Plans Over Next Five Years…
At a series of investor conferences last week, most notably the Bank of America Consumer Conference, but also at the B. Riley & company 8th Annual Las Vegas Investor Conference and at Citigroup’s Small & Mid-Cap Conference, public companies gave the inves
Stride Rite CEO To Retire in 2007
The Stride Rite Corp, the owner of Saucony, Hind and Keds, announced that long-time CEO, David Chamberlain plans to retire in 2007 from his position as CEO. Chamberlain, 63, will continue to serve as chairman and CEO until a replacement has taken office,
Industry Public Companies Give Peek Under the Tent for 2007 at Investor Conferences…
The weather wasn’t what most from the east coast were hoping for, but the 9th Annual ICR XChange delivered on its promise once again as one of the best run investor conferences in the market. Held this year at the St. Regis Monarch Beach Resort in Dana P
Hat World Closes Hat Shack Acquisition
Genesco Inc.'s Hat World subsidiary has completed the acquisition of all the outstanding stock of Hat Shack, Inc. for a purchase price of $16.6 million, after preliminary closing adjustments anticipated in the purchase agreement, funded from cash on
Transition the Key to the Year that Was in 2006…
Transition and opportunity may be the key words that best describe 2006 in the sporting goods industry as the momentum of mega deals slowed and companies looked for more nuanced deals to fine tune portfolios and add a final piece to the consolidation puzz
Hat World to Pick Up a Shack…
Hat World, a subsidiary of Indianapolis, In.-based Genesco Inc., has entered into an agreement to acquire one of its key competitors in the southeastern United States, Hat Shack, Inc. Hat Shack, based out of Marietta, Ga. currently operates 49 retail head
Hat World to Acquire Hat Shack in $18 Million Deal
Genesco Inc.'s Hat World subsidiary has entered into an agreement to acquire Hat Shack, Inc. The Marietta, Ga.-based Hat retail chain operates 49 retail headwear stores located in 10 states, primarily in the southeastern United States. The purchase p
London Conference Provides Closer Look at Europe Strategies for Key Companies…
A number of industry companies provided a peak at their European strategies last week while at the Piper Jaffray Conference in London just as third quarter earnings season kicks off in earnest. Participating companies included some of the hottest brands
Rugged Shark Names VP Sales and Marketing and VP Int’l
Rugged Shark LLC appointed David Sanderson as the new Vice President of Sales & Marketing and Richard Cardoso
as the new Vice President of International. Both individuals will report to Alois Ryan Rubenbauer, President of Rugged Shark LLC…
Public Companies Provide Deeper Inside Look at Investor Conferences…
New York City was a flurry of activity last week as the latest rush of investor conferences offered investors a fresh look at some of the sporting goods industry’s public companies and some insight on what the future may hold. Among the presentors were Go
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