SGB Update Outdoor
adidas Reiterates Growth Projections; Sees Salomon Sale Approval ‘Soon’
adidas reiterated its forecast of 20% net income growth for the year and expects to see sales growth in the mid- to high-single-digit range, based on management presentations at the company’s annual investor conference held today in Herzogenaurach, German
Extreme Shops Goes Offline With Ex Stores; Relaunches extremepie.com
Extreme Shops Ltd. is expanding from their online presence, extremepie.com into the world of brick and mortar with a chain of 30 shops planned for roll out across the UK. Extreme also announced the relaunch of their online presence on October 14th with a
NRF: Thank Goodness, No National Retail Sales Tax
The National Retail Federation welcomed the decision by the President’s Advisory Panel on Federal Tax Reform to reject proposals to replace the federal income tax system with a controversial National Retail Sales Tax. Chairman Connie Mack said that panel
Goody’s Receives Second Acquisition Proposal and Two Lawsuits
Goody's Family Clothing, Inc. announced that it has received a competing acquisition proposal from a third party with a bid of $8.50 per share, subject to due diligence, with the possibility of a higher price upon completion of due diligence. Goody&#
Superfeet Names New Product Manager
Superfeet announced the appointment of Ward Collins as the company's product manager. In this role, Collins will be responsible for the coordination and management of the complete life-cycle of all new and existing Superfeet products. In addition, he
Two Lawsuits Filed Over Proposed Goody’s Deal
Goody's Family Clothing, Inc. reported that two complaints have been filed in connection with its previously announced Agreement and Plan of Merger with certain affiliates of Sun Capital Partners, IV. The complaints, which name both Goody's and
Lotto Expands Retail Presence
Following the May inauguration of the flagship store in Milan, two new Lotto factory outlets opened in September, one situated in Mantua’s Bagnolo San Vito fashion district and one in Molfetta. Both of the new outlets are characterised by an assortment of
K2 Cuts Earnings Guidance on Paintball Weakness
K2 Inc., for fiscal year 2005, forecasts GAAP diluted earnings per share in the range of 66 cents to 68 cents, versus previous forecast of 77 cents to 81 cents, and Adjusted diluted earnings per share in the range of 75 cents to 77 cents, versus previous
Royal Precision Appoints New CEO
Royal Precision appointed Christopher Johnston as its new president and chief executive officer. Formally the director, president and CEO of Royal Associates Inc., parent company of Royal Precision, Johnston played a significant role in establishing and o
Cloudveil Hires Two New Rep Groups
Cloudveil hired two sales representative agencies Pemba Services Inc., of Madison, Wisconsin for the Central region and San Miguel Mountain and River Products Inc., of Steamboat Springs, Colorado for the Rocky Mountain region…
Early Snow Storm in Colorado Accellerates Opening Dates at Vail Resorts
An October snowstorm pounded Vail Resorts' ski resorts in Summit and Eagle counties, dumping more than 30 inches of snow on the slopes at Breckenridge and more than a foot at Keystone (17 inches), Beaver Creek (16 inches) and Vail (13 inches)…
Jake Jacobs Appointed President of Spyder
Spyder Active Sports named Jake Jacobs as president and chief operating officer. Mr. Jacobs, previously Spyder’s senior vice president, product, assumes the position of president from David Jacobs, the company’s founder, who will remain chief executive o
EMS Appoints New Product Manager
Eastern Mountain appointed Dan Simon as Product Manager for Men’s Wearing Gear. His role will be critical to the future assortment of all men’s outerwear, apparel and accessories. As well as setting direction for the line of both Eastern Mountain Sports
SGMA: Athletic Footwear Running Strong in 2005
SGMA reported that, based on NPD Group data, a strong turnaround in the men’s category caused consumer spending for athletic footwear to rise 10% during the first half of 2005. Total spending for athletic footwear rose to $8.7 billion for the 2005 period,
adidas-Salomon Increases Credit Facility to €2 Billion
adidas-Salomon signed a €2 billion Revolving Credit Facility, which was syndicated as an increase of the group’s €800 million revolving credit facility established in February. The amended facility increases the group’s financial flexibility and improves
