SGB Update Apparel
adidas Wins Out in German National Team Fight…
It appears the battle that started with Nike’s offer to sponsor the German national football (soccer) team in early December 2006 has come to a close with adidas still the team’s kit supplier. Reports out of Germany have the German Football Association (D
Golfsmith Loses Board Member
Lawrence Mondry resigned as a director of Golfsmith International Holdings, Inc., effective immediately, in order to devote full attention to his duties as president and chief executive officer of CSK Auto Corporation…
Hibbett Cuts Guidance Due to Weak Consumer Environment
Hibbett Sports, Inc. expects to report a fiscal second quarter comparable store sales increase of 2.6% on a fiscal basis compared with last year and a decrease of 5.6% on a comparable store, comparable week basis. Earnings per diluted share for the fiscal
Nike Promotes Two Apparel VP’s
Nike, Inc. promoted Mary Kate Buckley and Jill Stanton to new leadership positions heading the Nike brand's two largest regional apparel businesses, representing approximately 76% of Nike's almost $4.6 billion in global apparel revenues. Mary Ka
Golf Town to be Acquired by PE Firm, Posts 3.6% Q2 Comps
Golf Town Income Fund has entered into a definitive Transaction Agreement with OMERS Capital Partners for all of the assets of Golf Town Limited Partnership to be acquired for CA$17.15 ($16.28) per diluted share. Golf Town also reported that Q2 sales grew
Sporting Goods Outpace General Market in July; Canvas, LFA Drive Footwear Sales…
July kept with the flow of the past couple months at retail as comparable store sales grew in the low-singles for the third month running, this time slightly ahead of the pace. Same store sales grew 2.6% for the month of July, based on a preliminary tally
Hidary Group Back in Everlast Acquisition Game…
Everlast Worldwide Inc. posted strong second quarter sales results, but the ongoing struggle that has been its attempt at a sale show those fighting might have a pretty good reason. The most recent development in the process came early last week as the Hi
Jarden Closes on K2 Acquisition…
Jarden Corporation completed its acquisition of K2 Inc. The transaction is valued at approximately $1.2 billion, including the assumption or repayment of indebtedness. Under the terms of the agreement, K2 shareholders received 0.1118 of a share of Jarden
Iconix Q2 Revenue Jump113%…
Iconix Brand Group's recent slew of acquisitions is quickly paying dividends as licensing revenues were well up for the second quarter. For the quarter, licensing revenue catapulted 113% to $39.1 million from $18.4 million a year ago…
prAna Eyes Outerwear with Scapegoat Acquisition
prAna will look to address the outerwear market through its acquisition of Scapegoat for an undisclosed sum. The deal will give prAna a premium line of technical outerwear, while the new Scapegoat product will be marketed as “Scapegoat by prAna.” In addi
Prince Swaps PE Investors
Four years after acquiring Prince, Inc. from the Benetton Group, the Prince management team has swapped out investment partners, replacing Lincolnshire Equity Fund II LP with Nautic Partners, LLC. Based in Providence, Rhode Island, Nautic Partners is a pr
The Athlete’s Foot Parent Posts Sequential Sales Gains
NexCen Brands, Inc. reported that total revenues for the second quarter sequentially increased to $8.9 million, compared to $3.9 million in the first quarter of 2007. The company reported a net loss of ($245,000) or a penny per diluted share for the quart
OIA Adds to Board of Directors
With the ballots counted and appointments made, the 2008 OIA Board of Directors is complete. The new slate of Directors was ratified at Thursday’s board meeting in Salt Lake City. Seven new board members were elected by OIA members and five appointed seat
Heelys Doubles Q2 Sales, Triples Net Income
Heelys, Inc. recorded a 140% increase in net sales for the second quarter to $74.3 million from $30.9 million a year ago, beating earlier guidance of $65 million to $70 million. Net income jumped 205% to $12.8 million from $4.2 million for the year-ago qu
WSA Show Offers Little to Quell Market Concerns…
The mood at the recent WSA show was quite somber, with retailers and exhibitors alike feeling the chill of the malaise in the athletic shoe business. Foot Locker’s broad restructuring news, which broke just as the show was opening, definitely put a dampe
