SGB Update Apparel
Sherborne Believes it Won All Votes at Nautilus Shareholders’ Meeting
Sherborne Investors LP said that, based on information provided by its proxy solicitation firm, D.F. King & Co., Inc., it believes all four Sherborne Investors nominees have won election to the Company’s Board of Directors and all other proposals were pas
Report: Hunting and Fishing Participation Declines as Retailers Expand
While the ranks of the nation’s fishing and hunting enthusiasts continue to decline, as they have for the past decade, expansion of major outdoor lifestyle retailers has continued apace, says The Mercanti Group, a boutique investment bank, in its latest m
SIA: Fall Snow Sports Sales Slip at Specialty Retailers
This fall, balmy weather finally managed to end three consecutive years of early season sales gains. According to SIA's retail audit, specialty snow sports store sales totaled $287M, a 7% decline from the previous August to October period. Without m
VF Reaffirms Guidance for Q4
VF Corporation reaffirmed its guidance for record fourth quarter revenues and earnings, which were initially provided on October 18, 2007…
Nike Q2 Sales Jump 14%; Futures Orders Up 13%
Nike, Inc. reported 14% revenue growth for the second quarter ended November 30, to $4.3 billion, compared to $3.8 billion for the same period last year. FX rates boosted revenue growth by 4 percentage points. Second quarter net income grew 10% to $359.4
Investor Group Urges Kellwood to Reconsider Sale
CtW Investment Group on Wednesday called on the board of Kellwood Co. reconsider a sale of the company. In a letter to Kellwood presiding director Harry Weinberg, CtW criticized the St. Louis-based apparel company's board for failing to 'open a
Under Armour Looks to Expand Workforce and Workspace
According to local reports, Under Armour Inc. plans to significantly expand its work force, adding approximately 300 new members to its current 450-strong workforce. To help cope with this increased headcount, the company plans to renovate warehouse space
The Walking Co. Plans 8 New Openings Before Holidays
The Walking Company has opened seven new stores in November with an additional eight new locations scheduled for pre-holiday opening. These new store openings are in addition to the eight locations to be acquired in the pending purchase of the Natural Com
Element 21 Golf Signs Endorsement Deal with Maltbie
Element 21 Golf Company has signed a two-year endorsement agreement with 5-time PGA winner and NBC golf commentator Roger Maltbie. Under the terms of the contract, Mr. Maltbie will endorse Element 21 Golf equipment including golf club shafts, golf club dr
Golf Counterfeit Ring Busted in North Carolina
Acushnet Company, which is comprised of the Titleist, FootJoy and Cobra golf equipment brands, reports that it played an integral part in the arrests of two North Carolina residents by state authorities. The two residents of Vass, North Carolina, were cha
Quiksilver Closes Sale of Cleveland Golf
Quiksilver, Inc. has closed the sale of Roger Cleveland Golf Company, Inc. to SRI Sports Limited. The sale, which was effective as of December 10, 2007, carried a transaction value of $132.5 million, with net proceeds to Quiksilver, Inc. of approximately
Vail Q1 Mountain Revenue Down 7.9%
Vail Resorts, Inc. saw its Mountain revenue decrease $3.6 million, or 7.9%, in the first quarter of fiscal 2008 to $42.5 million from $46.2 million for the same quarter last fiscal year. Mountain Reported EBITDA decreased $4.0 million, or 12.2%, to a loss
Skechers Targets China with JV…
Skechers is expanding its sales and distribution in China through a joint venture with Luen Thai Enterprises, a conglomerate based in Hong Kong, that will be aptly named, Skechers China. Over the next three years, the JV expects to open more than 1,200 po
Forzani Lands 100 New Doors with Athletes World Acquisition…
The Forzani Group closed its deal to acquire Athletes World Limited last week. Forzani paid $1.5 million for the shares of Athletes World and the inter-company debt. Forzani also assumed the secured debt, which was approximately $20 million. Roughly $17 m
Confluence Appoints Rechner as President and CEO…
Confluence Watersports has named Sue Rechner president and CEO, effective, December 17, 2007. Rechner has more than 15 years of experience in consumer products and was previously president of Victorinox Swiss Army, Inc. She also simultaneously served as
