SGB Update Outdoor
Everlast to Be Acquired by Licensee…
Everlast Worldwide Inc. signed a definitive agreement to be acquired by The Hidary Group, for $26.50 per share in cash, a 14.5% premium to its closing price on May 31, 2007, and a 30% premium to the average closing price over the last month. The total val
NGF: Weather Slows Rounds Played in April…
After strong gains in March, April was a disappointment for golf courses as rounds played were down 15.1% on a same-store basis, according to the National Golf Foundation. NGF attributed the weak results primarily to poor weather. The year-to-date figure
Crocs Awarded $1.8 Million in Jibbitz Infringement Case…
Crocs, Inc. is back on the war path in court, this time defending copyrights and trademarks for its subsidiary, Jibbitz, LLC. The judgment from the U.S. District Court in Nevada awarded Jibbitz $1.8 million in addition to attorneys fees and other costs i
prAna Launches New Merchandising Contest
prAna is launching a new merchandising program to encourage retailers to design and build prAna-themed environments in their stores. This focus on merchandising is intended to maximize sales on the retail level, highlight best merchandising practices and
WYNIT Announces Second Annual Outdoor Show Photo Contest
WYNIT, Inc., the distributor of consumer electronics for the outdoor enthusiast, and Olympus Imaging America Inc., announced details for the second annual OR Summer Show Photo Contest, “Spirit of the Great Outdoors.” WYNIT and Olympus are sponsoring the c
Mazer Appointed Demo Marketing Chief
Alain Mazer, who was most recently vice president and director of global marketing at Hot Tuna (International), has joined Pacific Sunwear of California as marketing director of the Demo stores division…
Shareholder: Everlast buyout bid too low
An investment firm with a 2.3 percent stake in Everlast Worldwide Inc. said Monday it will vote against last week's $146 million buyout offer for the boxing equipment maker because it believes the price is too low…
Industry Dances Around New Acquisition Talk…
In a market environment that tends to see a new acquisition or merger deal each week, it now appears that the absence of a deal after some wild speculation now garners as much attention. It is interesting to note that while the stock market has been on a
More Execs Make Moves…
Payless’s EVP/COO was not the only key executive to move about last week as several sporting goods companies saw new faces in high level roles, while others saw old faces depart. Hibbett Sports, Inc. saw president Brian Priddy resign; Fila USA named Andr
Genesco Looks Forward to Anniversary of Negative Trends to Offset Urban Declines…
Genesco Inc. lived up to its lowered expectations for the first quarter as the negative impact of its urban stores overshadowed upside elsewhere. The Journeys Group again posted “solid sales growth” and the company is also reporting some solid performanc
ACI International Picks up Licenses for Original Penguin, Other PERY Brands…
Perry Ellis International entered into licensing agreements with ACI International, Inc. for four of its brands in footwear last week. ACI will take over design, manufacture and distribution duties for the Perry Ellis and Perry Ellis Portfolio brands as w
Rocky Brands Uses Private Placement to Pay Off Debt…
Rocky Brands, Inc. issued $40 million worth of fixed rate Senior Notes in a private placement with Laminar Direct Capital and Whitebox Advisors that allows the company to pay off outstanding debt as well as to gain cash for working capital and general cor
Freestyle Brings Marketing Team In-House
Freestyle has launched a broad initiative to restructure its business bringing all sales, sales support, marketing and graphic design in-house to its Newport Beach headquarters. The company also expands its print and online advertising efforts, and secure
Vaude to Launch New Footwear Line
Vaude will be launching a new footwear line that will be backed by a specially devised custom-fitting shoe design. The company has brought together a new team that been working on the line for two years. VAUDE product manager Marco Lachner and his orthopa
Hibbet Sports President Priddy Resigns
Hibbett Sports, Inc. President Brian N. Priddy has resigned to pursue other interests. Priddy's duties will be distributed among the company's senior management…
