SGB Update Apparel
Jansport President Corvino Killed in Car Accident…
Michael Corvino, president of JanSport, was killed Saturday in a car accident. Corvino, who was 46 years old, died when he lost control of the 1970 Dodge Charger he was driving, veering off the road and hitting a tree, according to a California Highway P
June Sport Footwear Sales Growth Accelerates on Promotional Increases…
The month of June presented a mixed bag of results for the sporting goods and athletic footwear and apparel markets as retailers in the mall turned up the heat on the promotional fire in footwear and apparel to drive growth towards the back end of the mon
RECALL: Sport Maska Goalie Masks
Sport Maska Inc., the hockey equipment unit of Adidas AG, recalled 1,325 facemasks in the U.S. and Canada because they failed quality-control tests. Sport Maska said it hasn't received any reports of injuries from the FM5K masks, which were sold in M
Garmont Acquires Life-Link…
Garmont NA has acquired Life-Link Backcountry Travel from its parent company, Life Link International. The terms of the acquisition were not disclosed. Silver Steep Partners served as financial advisor to Life-Link Backcountry Travel. Life Link Internatio
Hedge Fund Picks Up Large Stake in Under Armour…
Lone Pine Capital and related funds acquired a 7.8% stake (2,728,463 shares) in Under Armour Co., according to a filing with the SEC. Lone Pine did not show a stake in UA for the quarter ended March 31, 2007. News of the fund’s purchase led Under Armour’
P.E. Firm Acquires Performance Bike…
North Castle Partners, a private equity firm, has acquired controlling interest in Performance, Inc., one of the largest on-line and brick & mortar bicycle retailers in the country. Terms of the transaction were not disclosed, but deals in this sector typ
Gander Mountain to Acquire Reeds Outdoor’s Baxter Location
Gander Mountain Company and Reeds Family Outdoor Outfitters, a well known regional outdoor retailer based in Walker, Minnesota, announced that Gander Mountain will acquire the inventory and certain assets of the Reeds Outdoor Super Store located in Baxter
Everlast Investor Criticizes Bid Process
Aquamarine Capital Management LLC, a shareholder of Everlast Worldwide Inc., asked the boxing equipment maker to reconsider a buyout offer from New York-based Hidary Group. Aquamarine said Everlast's refusal to negotiate with Hidary may represent a b
Lululemon Shrinks IPO Offering
Lululemon Athletica Inc. said in a filing on Friday that it is shrinking the size of its initial public offering by nearly 10 percent, to 16.4 million shares from 18.2 million. The investors plan to sell 14.1 million shares, down from an earlier plan for
Costco June Comps Increase 6%
Costco Wholesale Corporation net sales were $6.35 billion for the month of June, an increase of 10% from $5.78 billion in the same five-week period last year. Comparable store sales increased 6% for the same period…
Nordstrom June Comps Increase 2%
Nordstrom, Inc. reported preliminary sales of $851.1 million for the five-week period ending July 7, 2007, an increase of 2.9% compared to sales of $827.0 million for the five-week period ending July 1, 2006. Same-store sales increased 2.0%…
Mitchell and Ness Opens Tokyo Flagship Store
Mitchell & Ness Nostalgia Co. has opened its first international retail location: the Mitchell & Ness flagship store in Tokyo, Japan. The store is located in the heart of the trendsetting street wear district, Harajuku, which neighbors the burgeoning, hig
Sports Direct buys U.K. Outdoor Retailer, Field and Trek
Sports Direct has acquired a 60% interest in U.K. outdoor clothing and equipment retailer Field & Trek for £5 million (U.S. $10 million.) The U.K. sporting goods chain also has an option to acquire the remaining 40% in the next five years for a further
Wolverine Increases Guidance on Strong Q2 Results
Wolverine World Wide, Inc. second quarter 2007 revenue totaled $250.3 million, a 5.0% increase over second quarter 2006 revenue of $238.5 million. Earnings per share for the second quarter of 2007 were 28 cents compared to the 25 cents reported for the se
Race Face Inks Canadian Distribution Deal with Cycles Lambert
Race Face and Cycles Lambert signed an exclusive distribution partnership, making Race Face’s components and apparel available to bike dealers across Canada. The 2007 hard goods line will be available for ordering as of July 16…
