Dick's Sporting Goods provided a bit more color on the integration costs and efforts associated with its August acquisition of Galyan’s, a merger that will somewhat surprisingly cause the closure of more Dick’s stores than Galyan’s doors. The retail
Tag: Supplier
Genesco Again Gets Journeys and Hat World Help to Counter Jarman Drag…
Genesco Inc. again counted on its Hat world acquisition to grow profits for the third quarter ended October, as the operating profit boost from the specialty retailer acquired in April helped push net income up more than 28% for the period. Top-line sale
Sport-Haley Looks to Go Private; Fiscal Q1 Loss Widens Despite Sales Gain…
Shares of Sport-Haley, Inc. jumped nearly 21% for the week to close at $4.83 on Friday after the company’s Board of Directors authorized chairman Ron Norick to start negotiations with potential investment banking partners to explore the potential strategi
Dynacraft Hit with $1.4 Million Fine for Recall Delay…
Dynacraft Industries Inc. will have to pay the piper for delaying to report problems with its mountain bikes, agreeing last week to pay $1.4 million to settle allegations that they incompletely and belatedly informed the Consumer Product Safety Commission
Wolverine Sues to Protect Moc Patents…
Wolverine World Wide has filed a patent infringement lawsuit against Harbor Footwear and Kohl’s for allegedly violating Merrell design patents on three separate models – The Jungle Moc, Jungle Slide and Winter Moc. Harbor Footwear and Kohl's are sell
Stearns Acquires Watermark’s Inflatable PFD Business…
WaterMark is selling its inflatable PFD business to K2 Inc’s Stearns division. Stearns has acquired all of the assets of the inflatable personal flotation device business including the SOS and SOSPENDERS brands and all warranty responsibility for the prod
Wolverine Sues to Protect Moc Patents…
Wolverine World Wide has filed a patent infringement lawsuit against Harbor Footwear and Kohl’s for allegedly violating Merrell design patents on three separate models – The Jungle Moc, Jungle Slide and Winter Moc. Harbor Footwear and Kohl's are sell
David and Goliath… or was that BikeE and Giant…
BikeE and Giant are tangled in a legal dispute over manufacturing contracts, recalls and trade secrets. BikeE was the manufacturer of a semi-recumbent bike and saw some success in the market. According to court documents, BikeE’s sales grew from $523,000
GI Joe’s Sell Equity Stake to Finance Growth…
G.I. Joe’s Sports & Auto Stores has received $11.5 million in equity financing through a deal inked last week with Nogales Investors, a Los Angeles-based private equity firm. The bulk of the financing will be used to finance expansion in the Northwest, w
Dynacraft Hit with $1.4 Million Fine for Recall Delay…
Dynacraft Industries Inc. will have to pay the piper for delaying to report problems with its mountain bikes, agreeing last week to pay $1.4 million to settle allegations that they incompletely and belatedly informed the Consumer Product Safety Commission
Knight to Step Down as Nike CEO; Successor Named
Nike, Inc. has appointed William D. Perez as President, Chief Executive Officer, and Director effective December 28, 2004. Mr. Perez will succeed Nike, Inc. co-founder, Chairman and CEO Philip H. Knight, who will continue as Chairman of the Board. Mr. Pe
Globe Appoints New VP of Global Marketing
Globe has appointed Michael Marckx to Vice President of Global Marketing. Marckx will oversee the marketing and direction of the Globe and Gallaz brands. Marckx’s appointment is effective immediately. Marckx has over 18 years of experience in all facets o
Wallenfels Takes the Reins at Mountain Hardwear
Mountain Hardwear announced that beginning January 1, 2005, Mike Wallenfels will transition to President of Mountain Hardwear. Wallenfels will succeed Jack Gilbert, who has served as President from the Company’s founding in 1993. Gilbert will step down f
Jim Stanley Joins SMS
SMS Clothing has announced the appointment of Jim Stanley as their new sales rep covering the mid-west: MN, WI, IL, ND, SD, MO, IA, KS, NB, and upper MI. Stanley joins this emerging outwear company with five years experience as a rep in the sporting goods
KSA Study Predicts Chilly Holiday Spending
Comfort and joy? Neither retailers nor shoppers expect much of either this holiday shopping season, predicts global retail and consumer products consulting firm Kurt Salmon Associates (KSA), as merchants face another year of potentially chilly spending an