SGB Update Footwear
Amer Changes Segment Reporting
Amer Sports is changing its segment reporting to three product categories from four branded segments. The redefined business segments are: Winter and Outdoor; Ball Sports; and Fitness. The former segment reporting consisted of Salomon, Wilson, Precor, Ato
Puma Forms Croatia Subsidiary
Puma AG said it formed a subsidiary in Croatia, to be called Puma Sport Hrvatska as part of its plan to expand into new markets. A former Nike divisional manager will head the operation. Puma Sports Hrvatska, to be based in Zagreb, will start operations o
Under Armour Looks to Expand Workforce and Workspace
According to local reports, Under Armour Inc. plans to significantly expand its work force, adding approximately 300 new members to its current 450-strong workforce. To help cope with this increased headcount, the company plans to renovate warehouse space
Mervyns’ CEO Resigns
Mervyns' chief executive officer Rick Leto has resigned after three years on the job. Leto was instrumental in downsizing the chain and refocusing it on moderate prices and minority populations. Charles Kurth, currently senior vice president and chie
West Marine Appoints New CEO
West Marine, Inc.’s Board of Directors has named Geoff Eisenberg to the position of president and chief executive officer, succeeding Peter Harris who resigned from the Company. Mr. Harris has agreed to assist during the transition through the end of the
The Walking Co. Plans 8 New Openings Before Holidays
The Walking Company has opened seven new stores in November with an additional eight new locations scheduled for pre-holiday opening. These new store openings are in addition to the eight locations to be acquired in the pending purchase of the Natural Com
Element 21 Golf Signs Endorsement Deal with Maltbie
Element 21 Golf Company has signed a two-year endorsement agreement with 5-time PGA winner and NBC golf commentator Roger Maltbie. Under the terms of the contract, Mr. Maltbie will endorse Element 21 Golf equipment including golf club shafts, golf club dr
Golf Counterfeit Ring Busted in North Carolina
Acushnet Company, which is comprised of the Titleist, FootJoy and Cobra golf equipment brands, reports that it played an integral part in the arrests of two North Carolina residents by state authorities. The two residents of Vass, North Carolina, were cha
Quiksilver Closes Sale of Cleveland Golf
Quiksilver, Inc. has closed the sale of Roger Cleveland Golf Company, Inc. to SRI Sports Limited. The sale, which was effective as of December 10, 2007, carried a transaction value of $132.5 million, with net proceeds to Quiksilver, Inc. of approximately
Genesco Comps Down 3.7% for November
As a result of the ongoing legal battle between Genesco Inc. and The Finish Line, Inc., Genesco reported financial results for fiscal November in order that those results might be part of the public record and usable as evidence in the case. Same store sa
Gander Mountain Slips into Red on Weather Woes…
Gander Mountain took much of the sting out of its grim third quarter earnings report Thursday by announcing it had acquired an online retailer it said would drive more sales to its money losing chain of 115 stores. Executives at the Minneapolis-based out
Forzani Lands 100 New Doors with Athletes World Acquisition…
The Forzani Group closed its deal to acquire Athletes World Limited last week. Forzani paid $1.5 million for the shares of Athletes World and the inter-company debt. Forzani also assumed the secured debt, which was approximately $20 million. Roughly $17 m
Confluence Appoints Rechner as President and CEO…
Confluence Watersports has named Sue Rechner president and CEO, effective, December 17, 2007. Rechner has more than 15 years of experience in consumer products and was previously president of Victorinox Swiss Army, Inc. She also simultaneously served as
OR Winter Market Creates New Layout for 2008…
Outdoor Retailer Winter Market will be expanding upon the focused areas featured at Summer Market with a variety of categories gathered in distinct sections of the show floor…
MEC Pulls Polycarbonate Plastic Off Shelves…
According to Canada’s Globe and Mail, Mountain Equipment Co-op has pulled most food and beverage containers made of polycarbonate plastic from its shelves due to possible health risks. The action will see nearly all plastic containers removed from the ret
