SGB Update Footwear
Golfsmith to Meet Sales Guidance, to Miss Net Income…
Golfsmith International Holdings, Inc. expects to meet its guidance for net sales for the first quarter and to beat comparable store sales guidance. Unfortunately, the company does not expect to meet previous net income guidance of 20 cents to 22 cents pe
The Timberland Co. Acquires IPATH…
The Timberland Company acquired substantially all of the assets of IPATH, LLC through a new wholly-owned subsidiary, IPATH Footwear Inc. IPATH designs, develops and markets skateboard casual footwear, apparel and accessories and is known as the “greenest”
Cabela’s Receives $43 Million from WV Development Bonds
Cabela's Inc. is refinancing the remainder of its economic development bonds related to its Wheeling, West Virginia location. As a result, the outdoor retailer received roughly $43 million from the retirement of these bonds…
Exel Sports Restructures North American Operations…
Exel Plc has appointed Chris Griffin, formerly VP of sales of Exel Sports NA, as president of Exel Sports N.A. He replaces Melissa Cook, the former general manager of North America who left in February…
Zumiez CEO Adds CFO to Titles
Zumiez Inc. added one more title to Richard M. Brooks, president and CEO, in the form of acting CFO. Brooks has served as president and CEO since June 2000. Brooks served as the company’s VP and CFO from August 1993 through June 2000…
Sprinturf Has Patent Rejected
It looks as though the battle over fake field supremacy has fallen to FieldTurf after the company initiated a formal Reexamination Proceeding by alerting the Patent Office of a prior art patent that superceeded the patent possessed by Sprinturf. After a p
Golf Galaxy Launches Nationwide Amatuer Golf Tournament
Golf Galaxy Inc. launched the Golf Galaxy Golf Tour, the largest network of amateur golf tournaments in the U.S. with tournaments taking place in more than 60 cities in 2007. The tournament is being sponsored by Callaway Golf, PGA Tour Partners Club, and
AND 1 Plans Advertising Around Mix Tape Tour
AND 1 is planning a new advertising campaign entitled The United Streets of America to commemorate the return of the AND 1 Mix Tape Tour 2007 featuring a tournament between the world's best basketball playground players. The campaign from 72 & Sunny,
Payless Hires Sears Exec as VP, Corporate Strategy
Payless ShoeSource hired Paul Fenaroli to serve as division senior vice president of corporate strategy. He was most recently head of new store development at Sears. John Smith, who previously served as vice president, corporate strategy has been promoted
NGF: March Rounds Played Jump 11% Over Last Year
According to the National Golf Foundationa, rounds of golf played in the U.S. increased 11.3% on a same-store basis in March 2007 vs. March 2006. March’s better performance brought the first quarter figure to -4.0%. Regionally, the Northeast experienced a
HealthSport Raises $3 Million in Private Placement
HealthSport, Inc., the developer of the edible Enlyten SportStrips nutritional supplements system, raised approximately $3 million through a private placement of its shares of common stock. Investors in the financing include former NFL stars Bruce Smith,
Accell’s EU Bike Sales Boosted by Warmer Weather
Accell Group N.V. said during the General Meeting of Shareholders that sales in the first months of 2007 exceeded those in the same period of 2006 for all three product groups: bicycles, bicycle parts and accessories, and fitness. The increase of sales wa
Timberland to Restate Financials; Delays Q1 Reporting
The Timberland Company is postponing the release of its first-quarter results to make certain non-cash adjustments to its financial statements. As the result of a review of recent clarifying guidance relating to accounting for foreign currency hedging ins
Backcountry and Couloir Merge
Backcountry and Couloir Magazines have merged. Backcountry Magazine publisher, Height of Land Publications (HOL) announced the deal that combines the experience of both titles making a bigger, better Backcountry Magazine. Couloir Publications founding pub
Brunswick’s Boat Woes Continue in First Quarter
Brunswick Corporation saw net earnings from continuing operations of $34.3 million, or 38 cents per diluted share, for the first quarter of 2007, compared with net earnings from continuing operations of $74.1 million, or 77 cents per diluted share, for th
