SGB Update Outdoor
Under Armour Raises IPO Price Range Ahead of Thursday Debut
Under Armour’s road trip has apparently been as positive as most in the industry would have expected, encouraging the company to raise the estimated price range of its IPO to between $10 and $12 per share ahead of its expected debut on Thursday. The new
Sara Lee Completes European Branded Apparel Sale
Sara Lee Corporation announced that it has entered into a definitive agreement for the sale of its branded apparel business in Europe to an affiliate of Sun Capital Partners, Inc. According to the terms of the agreement, the Sun Capital affiliate will pay
Head NV Rides Flexpoint Technology to Solid Q3…
Head N.V. saw less upside in its practice of reporting in U.S. currency in the third quarter, as the strengthening Dollar narrowed the spread against the Euro to just 20 basis points in the period. But the company needed less of a boost in reporting thei
Adams Golf Sees Drivers Gain Offset by Irons and Fairway Woods, Can’t Keep Business on Par…
Adams Golf saw third quarter weakness in two categories lead to an increase in cost of sales and a resulting 440 basis point gross margin decline, forcing net income to dip below the break-even line for the period.
Total net sales declined 7.3% to $10.2
Sport-Haley in JV to Sell Top-Flite to Wal-Mart…
Sport-Haley, Inc. and Explorer Gear USA, Inc., a California corporation have entered into a joint venture in order to manufacture and market Top-Flite branded apparel to Wal-Mart Stores, Inc. in the U.S. The joint venture is to be formed and operated as a
Mossimo Deal Now Off Again…
In a story that’s had more twists and turns than a J.Lo engagement, the third party that had submitted an unsolicited proposal indicating an interest in pursuing a business combination with Mossimo Gianulli in the acquisition of Mossimo Inc. has decided t
Golf Town Looks to New Stores to Offset Lack of New Product…
Canadian golf-specialty retailer, Golf Town followed up a record second quarter with a decent third, but felt that much of the record second quarter was due to sales that would normally have occurred during Q3. Nonetheless, the company still saw its pre-
Profit Growth Outpaces Q3 Sales Gains at The Buckle…
The Buckle saw a large gross margin gain during the third quarter ended October 29 cover ground lost on a slight comparable sales decrease and SG&A expense increase. The margins gain, coupled with a low-singles net sales increase, prompted a low double-d
Timberland Snags SmartWool in $82 Million Deal…
In the second significant outdoor industry acquisition in as many weeks, Timberland inked a definitive agreement to purchase all of SmartWool’s outstanding stock from two private equity investment groups for roughly $82 million in cash. SmartWool’s 2005
China Quota Battle May be Drawing to a Close…
The U.S. and China announced a comprehensive, three-year agreement on the import of textiles and apparel. The quotas established under the agreement are similar to quotas that would have been imposed if China textile safeguards were invoked but quotas on
Feehan Replaced as Confluence Chef Executive…
Confluence Holdings issued a statement last week regarding changes to the company's executive team. Effective Thursday, November 3, 2005, Robert Sharp, Chairman of the Board of Confluence Holdings Corp., has assumed operational responsibilities of Co
OIA: Equipment Sales Shift to e-Commerce…
The overall retail environment is changing quite dramatically, according to OIA’s most recent Top-Line Retail Audit, but these changes do not appear to effect specialty retailers in any negative way. The most profound changes are clearly driven by two pr
Intrawest Sees Upside in Non-Ski Activities…
Intrawest reported increased first quarter revenue from their mountain segment, which grew by 12%, led primarily by Whistler Blackcomb and the growth in its mountain bike park. Intrawest Retail Group also contributed significantly due to operating eight a
Orange 21 Third Quarter Sales Climb 8.4%
Orange 21 Inc.'s net sales for the third quarter of 2005 increased 8.4% to $10.8 million compared to $10.0 million in the third quarter of 2004, meeting the high end of the Company's previously announced estimate. The Company reported net income
Mossimo Posts 38.8% Sales Jump During Q3
Mossimo, Inc. reported a 38.8% increase in third quarter 2005 total net revenues to $6.8 million from $4.9 million for the same period last year. Net earnings for the quarter were $637,000 compared to net a net loss of $125,000 for the same period last ye
