Britain's biggest sports retailer, Sports Direct Plc, paid €58.4 million ($78.8 million) to take a strategic 4.9% stake in Amer Sports. Sports Direct described the purchase as a “strategic investment” consistent with its objectives stated at the time
Tag: Trade
Crocs Picks Up U.K. Footwear Award
Crocs, Inc. has been selected as the 2007 Footwear Brand of the Year winner at the prestigious Drapers Footwear Awards in the United Kingdom. The Drapers Footwear Awards celebrates the best in footwear retailing in the United Kingdom and Republic of Irel
Recall: Cannondale Carbon Cranksets
Cannondale said it is recalling about 2,900 bicycles with carbon cranksets due to fall hazard…
Mazer Appointed Demo Marketing Chief
Alain Mazer, who was most recently vice president and director of global marketing at Hot Tuna (International), has joined Pacific Sunwear of California as marketing director of the Demo stores division…
Shareholder: Everlast buyout bid too low
An investment firm with a 2.3 percent stake in Everlast Worldwide Inc. said Monday it will vote against last week's $146 million buyout offer for the boxing equipment maker because it believes the price is too low…
Genesco Looks Forward to Anniversary of Negative Trends to Offset Urban Declines…
Genesco Inc. lived up to its lowered expectations for the first quarter as the negative impact of its urban stores overshadowed upside elsewhere. The Journeys Group again posted “solid sales growth” and the company is also reporting some solid performanc
NGF: Weather Slows Rounds Played in April…
After strong gains in March, April was a disappointment for golf courses as rounds played were down 15.1% on a same-store basis, according to the National Golf Foundation. NGF attributed the weak results primarily to poor weather. The year-to-date figure
Hibbet Sports President Priddy Resigns
Hibbett Sports, Inc. President Brian N. Priddy has resigned to pursue other interests. Priddy's duties will be distributed among the company's senior management…
Edwin Watts Acquired by Sun Capital Affiliate
An affiliate of Sun Capital Partners, Inc. has acquired Edwin Watts Golf Shops, LLC. Headquartered in Fort Walton Beach, Florida, Edwin Watts Golf is a multi-channel retailer of golf equipment, apparel, and accessories through 66 retail stores, in ten sou
Hibbett Hurt by Soft Urban Business in Q1, but Calendar Shift Hurts More…
Hibbett Sporting Goods, Inc. saw softness in urban in the first quarter slow overall growth, but a calendar shift that saw the first week of February move into the fiscal fourth quarter while the much softer first week of May moved into Q1 dragged quarter
Ashworth Finds New President in Former Employee…
Ashworth, Inc. announced a series of personnel moves late last week as well as the elimination of several staff positions as the company looks to reduce costs and streamline operations. In total, 16 staff positions were cut, while a new president was name
Bottom Line Gains Outpace Sales for Zumiez Q1…
Zumiez Inc. once again saw positive comparable store results come out of each of its merchandise divisions in the first quarter, with Men’s again leading the way. The retailer saw overall quarterly comp store sales jump in the double-digits on top of doub
Shoe Carnival Q1 Earnings Slip on Tough Retail Environment
Shoe Carnival, Inc. net earnings for the first quarter were $7.3 million, or 53 cents per diluted share, compared to net earnings of $7.4 million, or 54 cents per diluted share, for the prior year first quarter ended April 29, 2006. Net sales decreased 1
Execute Sports Outlines Plan for 2007
Execute Sports Inc. announced several strategic initiatives for the rest of 2007 and summarized key achievements for the past 18 months including the closures of Eagle Rider clothing, Kampus wakeskates and Collective Development bags as well as office and
Genesco Warns on Q1 Results; Will Shutter Doors…
Genesco Inc. announced last week that it expects to report weaker first quarter comp store sales results at its Hat World chain and sharply lower comps at its Underground Station group, prompting the company to lower its earnings forecast for the first qu
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