SGB Update Apparel
Payless to Acquire Stride Rite; Change Name to Collective Brands
Payless ShoeSource, Inc. has signed a definitive agreement to acquire The Stride Rite Corporation for approximately $800 million plus the assumption of Stride Rite debt. The all-cash offer of $20.50 per share represents a 32% premium over Stride Rite'
EMS Opens New Flagship Store
Eastern Mountain Sports celebrated the official grand opening of its new location in Harvard Square, which was named the new flagship store for the New England-based company. Its reformatted store is double the size of its previous location and allows for
Spalding Launches ‘The Science of Basketball’ Curriculum
Spalding is spreading the word on the scientific principles of its NEVER FLAT basketball in classrooms across the country. “The Science of Basketball” curriculum which provides more than 11,000 science teachers across the country with handouts and posters
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
Phoenix FW Sees Solid Q1, but Tough Q2 Ahead…
Phoenix Footwear returned to profitability after reporting a heavy loss in the fourth quarter of fiscal 2006. Net sales for the first quarter increased 4.3% to $42.1 million compared to $40.3 million last year.
Asics Sees Annual Revenues Driven by U.S. and E.U.
Asics Corp. reported a 13.7% increase in global net revenues to ¥194.52 billion ($1.67 bn) for the fiscal year from ¥171.04 billion ($1.51 bn) last year. Operating income jumped 23.1% to ¥20.25 billion ($173.3 mm), but increased tax expenses caused net in
NSGA: Power Boating is Fastest Growing Sport
Among 16 sports and recreation activities with more than 20 million participants in 2006, power boating had the highest rate of growth, up 6.2% to 29.3 million power boaters, according to the new Sports Participation studies published annually by the Nati
IMG Acquires Licensing Partners International…
One week after completing its acquisition of Collegiate Licensing Company, IMG acquired CLC sister company, Licensing Partners International.
Athlete’s Foot Q1 Comps Slip…
The Athlete's Foot, which is part of NexCen Brands Inc., saw comparable store sales rise 7% worldwide as a 3.5% drop domestically offset a 16% gain internationally. Despite the weak comps domestically, Bob D'Loren, NexCen's president and CE
Backcountry.com Founders Sell Majority Interest to Liberty Media…
Liberty Media Corporation will acquire control of Backcountry.com through a definitive agreement in which Backcountry co-founders, Jim Holland and John Bresee will sell a majority interest in the company…
Walking Company Gains Not Enough for Big Dog…
Big Dog Holdings’ first quarter top line was again lifted by the strong sales results at The Walking Company while the Big Dog Stores were relatively stable from a gross margin dollar standpoint…
Rocky Sees Q1 Profits Decline on Lower Margins
Rocky Brands reported first quarter net sales increased 7.2% to $61.7 million versus net sales of $57.5 million as gains in Work and Hunting categories were offset by declines in the Western business, again due to weakness on the fashion side…
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
