SGB Update Outdoor
On-Line Holiday Spending Season is Underway…
According to OIA, on-line retail sales growth in the outdoor industry is out-pacing brick & mortar sales growth by more than a two to one margin. With the holiday selling season ramping up, e-commerce outdoor retailers are seeing some fundamental shifts i
Garmin to Acquire Dynastream in $36 million Deal
Garmin is enhancing its position in the fitness and training industry by acquiring one of its key component suppliers, Dynastream for $36 million in cash. The Alberta, Canada-based company will continue to operate as a wholly-owned subsidiary of Garmin. D
Eurobike Partners with Sea Otter to Address U.S. Market…
Last month, Messe Friedrichshafen announced to the bicycle trade that they would be exporting a U.S. version of Eurobike sometime in 2007, and then quickly decided to postpone the event until 2008. This week, the organization inked a deal that will bring
Easton Bell Integration Progressing Smoothly…
While Easton Bell Sports reported their sales and earnings last week, management hosted a conference call to discuss the integration of the two companies and give more details on sales results this week. The 80.1% overall sales growth was primarily attrib
Thule’s SportRack Acquisition Changes Canadian Distribution Structure…
Following the acquisition of SportRack, which closed in September of this year, Thule decided to end its 25-year relationship with its Canadian distributor, Sport Dinaco. Thule will assume all distribution and sales of Thule products in Canada using its S
Orange 21 Struggles with LEM Acquisition…
During the third quarter, Orange 21 ran into some manufacturing and supply delays at its newly acquired Italian manufacturing subsidiary, LEM, which caused the company to post its first organic sales decline since going public two years ago. Total net sal
Oakley Acquires Military Eyewear Company…
Oakley has inked a deal to acquire Eye Safety Systems, Inc., a supplier of military, law enforcement, and firefighting protective eyewear. Oakley will pay $110 million in cash for “essentially all of the assets” of the company. Oakley expects the acquisit
TSA Lands Eight Copelands Leases; More to Come…
A subsidiary of The Sports Authority has won the leasehold interests to eight former Copeland Sports locations following the approval of the court overseeing the Copelands Enterprises bankruptcy. Assignment of leasehold rights in additional sites is expec
DSW Q3 Comps Increase 2.6%; Raises Guidance…
DSW Inc. raised its guidance for the year after a strong Q3 capped better-than-expected YTD results. Management said that it was “pleased” with its women’s results for the third quarter, with comps driven by a strong performance in casual footwear, bette
CamelBak Hires Allen as VP of Government, Military and Industrial
CamelBak Products LLC named Nick Allen as Vice President of its Government, Military and Industrial Division.
Allen has extensive experience including 19 years of Military/Government Market Development at W. L. Gore and 20 years service as an officer in t
Dick’s Sporting Goods Expands Midwest Distribution Center
Dick's Sporting Goods will hold a ribbon cutting ceremony to formally announce the expansion of its Midwest regional distribution center in Plainfield, Indiana. The expansion will allow Dick's Sporting Goods to service up to 230 stores from this
Kellwood Company Q3 Earnings Slip on Restructuring Charge
Kellwood Company net sales totaled $516.4 million, as compared to $520.0 million in the third quarter last year. Net earnings from continuing operations were $5.5 million, or 21 cents per diluted share, versus $7.9 million, or 29 cents per diluted share,
Kangol Sold to Sports World’s Mike Ashley
August Equity Trust plc reported in a release that the equity fund had “realised its investment” in the Kangol brand signifying its sale, while reports out of the UK name Mike Ashley, owner of Sports World, as the buyer. Rumors tag the final purchase pri
SpringBoost Promotes Schwarz to Director of Communications
SpringBoost USA has promoted Patricia Schwarz to Director of Communications, a new position. Schwarz, a retired pro basketball player, was formerly the company's public relations and marketing manager…
Saks November Comps Increase 7.2%
Saks Incorporated, for the four weeks ended November 25, 2006 compared to the four weeks ended November 26, 2005, total Company comparable store sales increased 7.2%, and total sales decreased 49.3%…
