SGB Update Apparel
Gregory Parent to be Acquired by BAE Systems…
Armor Holdings, Inc., the parent company to Gregory Mountain Products since January of 2005, has entered into a definitive merger agreement to be acquired by BAE Systems, a global company engaged in the development, delivery and support of advanced defens
The Corner Office Shuffle…
This week saw several top tier executive moves in the outdoor and sporting goods industries. Late on Friday, Polartec, LLC announced that Andrew Vecchione would be taking over as the new president of the company…
OIA Opens Nominations for Board Members…
Outdoor Industry Association is soliciting candidates to fill the open seats on the Board of Directors and represent the interests of the OIA membership. OIA Nominations Committee is now accepting Board nominations. OIA seeks to maintain a strong, balance
Garmin Ltd. to Acquire German Distributor…
Garmin has signed a letter of intent to acquire its German distributor, GPS GmbH. Financial terms of the proposed transaction were not released. Following the acquisition, GPS GmbH is expected to change its name to Garmin Deutschland GmbH…
Rumors Swirl Around Potential Backpacker Magazine Sale…
Folio is reporting that Rodale is in the final stages of selling Backpacker magazine to a private equity backed media company called Active Interest Media…
DSW Follows Zumiez Lead…
DSW Inc. reported net sales for the first quarter increased 12.8% to $357.0 million compared with $316.5 million for the thirteen-week first quarter ended April 29, 2006. Same-store sales decreased 3.6% for the comparable thirteen-week period versus an in
TJX Comps Slip 1.0%
The TJX Companies, Inc. April sales were $1.28 billion, up 2% over the $1.26 billion achieved during the four-week period ended May 6, 2006. For the thirteen weeks ended May 5, 2007, sales reached $4.2 billion, a 7% increase over last year's $3.9 bil
Stage Stores Comps Fall 14.8% in April
Stage Stores, Inc. total sales for the four-week April period beginning April 8, 2007 and ending May 5, 2007 decreased 13.8% to $102.6 million from $119.0 million in the prior year four-week period beginning April 2, 2006 and ending April 29, 2006. Compar
Centerstone Adds Ogio to iVendix Client List
CenterStone Technologies, Inc. reported that Ogio, of Bluffdale, Utah, is the newest client to select the company’s iVendix software application. iVendix will provide Ogio with a business-to-business (B2B) online ordering solution for more than 2,000 of t
Neiman Marcus April Comps Inch Up 1.0%
Neiman Marcus, Inc. saw net revenues increase 3.0% for the month of April to $346 million from $335 million during last year's month. Comparable store revenues totaled $339 million, increasing 1.0% from $335 million last year. For the company's
Golf Town Q1 Comps Decline Drives Widened Loss
In the first quarter of fiscal 2007, Canadian golf specialty retailer, Golf Town, saw sales grow 6.3% to CA$31.9 million ($27.3 mm) from CA$30.0 million ($26.0 mm) last year. The growth in sales was attributable to the addition of four new stores in the s
Lululemon Tests Public Markets in U.S., Canada…
Lululemon Corp., the Canada-based designer and retailer of yoga-inspired apparel, has filed a registration statement with the SEC, and a preliminary prospectus with the securities regulatory authorities in each of the provinces and territories of Canada,
Gildan Claims Market Share Gains in Fiscal Q2…
Gildan Activewear Inc. reported a 26.3% jump in second quarter net sales to $232.1 million from $183.8 million in the second quarter of last year, but restructuring charges caused net income to fall. The increase in sales revenues was due to $32.8 million
Callaway Golf Working to Keep Up with Fusion Demand…
Though it is still early in the year, especially for the golf industry, Callaway Golf Company saw strong enough results and consumer demand to raise guidance for the rest of the year. The company saw sales gains come from all regions and from all product
Iconix Acquisitions More Than Double Q1 Licensing Revenue…
Iconix Brand Group, Inc. saw Q1 licensing revenues more than double to $30.8 million from $13.3 million. EBITDA for the quarter increased to $23.3 million from $8.4 million; net income increased to $12.7 million, or 21 cents a share, from $7.4 million, or
