SGB Update Footwear
Iconix Brand Group Acquires Rocawear.
In its biggest acquisition yet, Iconix Brand Group reached an agreement to buy Rocawear for $204 million. Another $35 million may be included in the purchase price based upon the brand passing certain pre-determined performance thresholds over the next 3
Rocky Brands Sinks into the Red in Q4…
Hurt by a slowdown in its western boot business, Rocky Brands Inc. reported a loss of $100,000 against a profit of $2.6 million, or 46 cents per share, a year ago. Revenues fell 5.7% to $70.6 million from $74.9 million…
Rossignol’s Weak Winter Drags Down Quiksilver’s Fiscal First Quarter Results…
Quiksilver was a victim of the warm winter weather during the company’s fiscal first quarter with both Europe and U.S. winter sports sales declining in the double-digits. While the company gained some market share during the fiscal fourth quarter, the re-
SGMA: Sporting Goods Industry Hits $66 Billion
According to SGMA’s annual The State of the Industry report, wholesale sales in the sporting goods industry increased 7.6% to $66.44 billion during 2006, up from $61.75 billion in 2005. This top line number includes sales of athletic footwear, apparel and
Ashworth Sees Domestic Woes Plague Q1 Results…
Growth overseas was not enough to offset decreases in the U.S. for Ashworth during the company’s fiscal first quarter. The overall sales decline, paired with increased expenses as well as decreased gross margins related to the “underutilization of the Emb
Famous Footwear Profits Soar 49.2% in Q4.
Brown Shoe Co. reported fourth-quarter operating profit at the Famous Footwear chain jumped 49.2% to $22.5 million. Revenues grew 13% to $320.9 million on a 2.9% comp gain. Famous Footwear’s bottom line was helped by an increase in regular-priced sales a
Fleet Feet Boasts 17.5% Comp Gain in 2006
Fleet Feet recorded 19.9% growth in sales in 2006 surpassing $63 million in revenue compared to $52 million in 2005. Comp-store sales were up 17.5% on top of the 16.1% increase posted in 2005. The franchisor expects to add 7 more franchisees this year…
K2, Inc. Grabs Snow Sports Market Share in Fourth Quarter…
K2 Inc. appears to be the only publicly reporting snow sports company to see any up-side in the 2006-07 winter season. The company reported solid top-line and bottom line growth during the fourth quarter with these results primarily driven by winter sport
Payless to Acquire Collective
Payless ShoeSource inked a deal to acquire Collective International, a licensing platform that manages the Airwalk, Vision Street Wear, Lamar, Sims, LTD, genetic, Dukes, Rage, Ultra-Wheels and Skate Attack brands. When the deal closes, Collective will bec
K2 Grabs Snow Sports Market Share in Q4…
K2 Inc. appears to be the only publicly reporting Snow Sports company to see any up-side in the 2006-07 winter season. The company reported solid top-line and bottom line growth during the fourth quarter with these results primarily driven by winter sport
Vail Second Quarter Earnings Climb
Vail Resorts, Inc.'s mountain segment reported a 10.5% increase in fiscal second quarter revenues to $272.0 million from $246.2 million for the comparable quarter last fiscal year. Mountain expense increased $9.2 million, or 6.1%, to $159.9 million.
Heely’s Rolls Through First Quarter in Public Eye…
Heely's, Inc. ended its first quarter as a public company at the same time as it ended its first fiscal year, all the while reporting triple-digit growth for sales and earnings for both periods. Sales grew both within the U.S. and without, with domes
Iconix Closes Danskin Acquisition
Iconix Brand Group, Inc. has completed the acquisition of the brand Danskin. The purchase price for the transaction was $70 million with a contingent payment of an additional $15 million, to be payable in cash or stock, based on the brand exceeding certai
Franklin Sports Underwrites SGMA Show Fees
Access to SGMA Spring Market is extended free of charge to all attendees registering through March 31, thanks to Franklin Sports, which is underwriting this month’s attendee registration fees – a savings of $50 per attendee…
G-III Apparel Group Prices Secondary Offering
G-III Apparel Group, Ltd., an outerwear and sportswear manufacturer, priced an offering of 4,500,000 shares of its common stock at a price to the public of $20 per share. Of these shares, 1,621,000 shares will be sold by the company and 2,879,000 shares w
