SGB Update Footwear
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'
Mizuno Full Year Sales Increase 6.2%
Mizuno Corp. reported that consolidated net sales increased 6.2% for the fiscal year ending March 31, 2006 to ¥161.70 billion ($1.38 bn) from ¥152.29 billion ($1.35 bn) last year. Operating income for the year increased 11.0% to ¥6.90 billion ($59.1 mm) f
Nike Launches NikeSummerShoes program
Nike Inc. launched its NikeSummerShoes program, which will deliver more than 60,000 pairs of shoes, worth an estimated $6 million, to young people in 21 communities from coast-to-coast to help them get active over summer break through sport, dance and pla
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
True Temper Sports Revs slide 6.6%
True Temper Sports saw first quarter sales slide 6.6% to $29.6 million from $31.7 million a year ago but, noted that trends were improving…
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.
Eddie Bauer Q1 Revenues Up…
Eddie Bauer Holdings, Inc. reported first quarter revenues increased 10% to $214 million from $194.5 million…
L.L. Bean Looks for Greener Catalogs…
L.L. Bean is turning to another supplier for paper for the 250 million catalogs it ships each year…
Pacific Cycle Sees Bounce back in 2007
After two years of limited growth at Pacific Cycle, 2007 is shaping up as a much better year, its parent, Dorel Industries, told shareholders last week at its annual meeting…
Collegiate Strength and Conditioning Coaches Honor Nautilus
The Collegiate Strength and Conditioning Coaches association honored Nautilus, Inc. for its leadership in maximizing athletic performance at its seventh annual conference in Salt Lake City. Nautilus was honored for its “commitment to excellence” in design
Active Interest Media Acquires Backpacker
Active Interest Media, Inc. (AIM) has acquired Backpacker Magazine, AIM President and Chief Executive Officer Efrem “Skip” Zimbalist III announced today. The new acquisition adds to AIM's growing portfolio of enthusiast magazines, consumer shows, boo
IMG Acquires Licensing Partners International…
One week after completing its acquisition of Collegiate Licensing Company, IMG acquired CLC sister company, Licensing Partners International.
Sport Chalet Opens New CA and AZ Stores
Sport Chalet, Inc. will open two new locations this week, one in Phoenix, AZ and one in Bakersfield, CA. The CA store will be a 42,000 sq. ft. store location at 5200 Stockdale Highway, Bakersfield, CA 93309. The Phoenix store will be a 41,000 sq. ft. loca
Crocs Inks Licensing Deal with Marvel Comics
Crocs, Inc. entered into a licensing agreement with Marvel Entertainment, Inc. to produce Crocs footwear and Jibbitz charms featuring characters ripped from the pages of Marvel's comic books including Captain America, The Fantastic Four, The Incredib
