SGB Update Footwear
Broder Warns of Bankruptcy if Swap Offer Fails
Broder Bros. Co. warned that if it doesn't get most of its noteholders to accept an offer to swap old debt for new debt plus stock, it will be forced to file a Chapter 11 bankruptcy petition…
LaCrosse Footwear Q1 Hurt by Retail BK’s
First quarter sales improved slightly for LaCrosse Footwear, but earnings fell after two key retailers filed for bankruptcy during the period…
Specialized Recalls Bicycles
Specialized Bicycle Components Inc., in cooperation with the U.S. Consumer Product Safety Commission, has announced two voluntary recalls of bicycles. Consumers are being advised to stop using recalled products immediately unless otherwise instructed…
Outdoor Companies Enact Earth Day Initiatives
As the nation celebrated Earth Day last week, the outdoor community took the day as an opportunity to go beyond their usual “green” activities with additional outdoor conservation efforts…
OBIT: Charles Caravati, Founder of Dixie Sporting Goods Co.
Charles Caravati, founder of Dixie Sporting Goods Co., has passed away on April 25. Caravati founded Dixie Sporting Goods Company in 1952, and served as president until his retirement in 1987. He was also a former chairman of the board of the NSGA Board o
Wilson, NCAA Donate 13,000 Uniforms to Youth
During the most recent Final Four basketball championship games, Wilson and the NCAA partnered to donate 13,000 brand new uniforms to a wide array of youth organizations, church leagues and school programs in Detroit and St. Louis. Working closely with co
Zumiez Shareholder Litigation Dismissed
Zumiez Inc. said that shareholder litigation involving Zumiez and its officers and directors has been dismissed. The Court issued its ruling on March 30, 2009 without oral argument, dismissing the case with prejudice. Following this ruling, a related shar
Winchester Parents Reports Overall, Segment Results for Q1
Olin Corporation reported its first quarter 2009 net income was $46.7 million, or 60 cents per diluted share, which compares to $37.3 million, or 50 cents per diluted share in the first quarter of 2008. Sales in the first quarter of 2009 were $400.6 milli
Adams Golf CFO to Exit; Company Names Interim
Adams Golf is reporting that Chief Financial Officer Eric Logan has resigned from the company, effective April 30, 2009. He is leaving to become Chief Financial Officer of Evergreen Alliance Golf Limited, L.P., which owns and manages approximately 80 golf
Accell Group Reports Increased Bicycle Sales in 2009
Accell Group N.V. said its turnover and profit in the first months of 2009 increased, compared with the same period of 2008. After a long winter, mid-March saw a good start in bicycle sales. In addition to increased bicycle sales, Accell Group also noted
AAFA Joins Call for Trade Reform
The American Apparel & Footwear Association (AAFA) joined a broad coalition of business organizations and non-governmental organizations (NGOs) to encourage Congress and the Obama Administration to undertake a wholesale reform of U.S. trade preference pro
Steve Madden Raises Full Year 2009 Guidance
Steve Madden expects net sales for the first quarter 2009 to be between $106 million and $107 million. This compares to net sales of $100.5 million for the first quarter of 2008. EPS for the first quarter of 2009 is expected to be in the range of 35 cents
OIA Announces Friend of the Outdoor Industry Award Recipients
The 2009 Outdoor Industry Association (OIA) Friend of the Outdoor Industry Awards will be presented to Senator Maria Cantwell (D-WA) and Congressman Raul Grijalva (D-AZ) for their leadership in advocating for public policies that support the growth and su
2009 Bicyle Leadership Conference Identifies Industry Opportunities
Advances in advocacy, the growing number of successful bike share programs and the state of the economy were among the topics discussed by the more than 140 participants of last week’s Bicycle Leadership Conference (BLC). The 2009 BLC “Leading the Industr
Hat World Paid $6.4 Million for Team Dealer
Hat World acquired the assets of Impact Sports, a dealer of branded athletic and team products for college and high school teams, for a purchase price of $5.1 million plus assumed debt of $1.3 million funded from borrowings under the credit facility, acco
