SGB Update Outdoor
GSI Commerce Inks Agreement with NY AG Over Web Partnering Practices…
The Associated Press is reporting that GSI Commerce has agreed to adopt changes in its pricing practices after New York Attorney General Eliot Spitzer accused the Internet services company of going “too far when it manipulated the prices of competing spor
Second Quarter Retail Results Get Boost from IPO’s, Mergers and Acquisitions…
The retail sector offered little excitement in the second quarter as athletic specialty and sporting goods retailers settled into their newly merged formats that produced little energy in the comparable store line. Genesco’s triumvirate of specialty name
Mainland Headwear Reports Weak H1, Has High Hopes for Back Half…
Sales and profits were down for the first half of the year for Chinese headwear manufacturer, Mainland Headwear. The company pointed to the loss of the MLB license and the NHL lockout as culprits for much of the downturn, while looking to the back half a
Yue Yuen Signals Negative Impact of Oil Prices, Labor Costs…
A key indicator may show that increasing oil prices and a growing Chinese economy are apparently working their way into the footwear manufacturing pipeline. Last week, Chinese footwear manufacturer Yue Yuen Industrial Limited reported a profit decline in
Kinetic Files for Bankruptcy After Loss of Etonic License…
Kinetic Sports, the former running and walking products licensee of the Etonic brand, filed for Chapter 11 bankruptcy protection in early September. In June, Etonic Worldwide announced that it would be bringing its running and walking products back in-hou
The Stride Rite Corp. Completes Saucony Acquisition…
The Stride Rite Corporation late Friday announced that it had completed the acquisition of Saucony, Inc. The acquisition is being financed with cash on hand and borrowings under a new $200 million revolving credit facility led by Bank of America, N.A. T
Ashworth Appoints CFO; COO Departs…
Ashworth, Inc. has appointed Peter S. Case to the position of EVP, CFO, and treasurer. He has been acting in an interim role. Peter Holmberg was also promoted to EVP of merchandising, design, and production. Per Gasseholm has resigned from his position as
Intrawest Sees Growth in Ski and MTB…
Intrawest mountain resorts experienced mixed results with generally good weather conditions in the East and in the U.S. west, but this was offset by the most unfavorable weather conditions for the ski industry in 40 years in British Columbia. Total skier
Black Diamond Expands Management Team to Support Growth…
Black Diamond Equipment is expanding its management team in an effort to support recent growth. BDE has created ten new middle and upper level positions in the design, engineering, information systems, management, and sales departments, stating that its r
Tecnica USA Appoints VP/GM of Footwear
Tecnica USA announced the appointment of Kevin Dixon as vice-president, general manager of its footwear division. As footwear division manager, Dixon will be responsible for all aspects of the footwear line and will report directly to Tecnica Group CEO J
Forrester: US Online Sales to Reach $329 Billion in 2010
According to a new forecast by Forrester Research, Inc., the second decade of eCommerce will be marked by innovations that will make online shopping easier and more engaging, which will boost US online retail sales from $172 billion in 2005 to $329 billio
Warnaco Swimwear President Appointed to International Swimming Hall of Fame Board
Roger Williams, president of the Warnaco Swimwear Group, was appointed to the new board of directors of the International Swimming Hall of Fame, joining 14 other business leaders and sports personalities it was announced today by Mark Spitz, Chairman of t
Black Diamond Expands Management Team to Support Growth
Black Diamond Equipment created ten new middle and upper level positions to enhance innovation and streamline efficiencies. Black Diamond said that the company's recent growth, and confidence in its continued growth, has led to the hiring of experien
Saucony Shareholders Approve Stride Rite Merger
Saucony, Inc. announced that shareholders had voted overwhelmingly to adopt the merger agreement allowing The Stride Rite Corporation to acquire Saucony. At the Special Meeting of Shareholders approximately 86% of the company's Class A Common Stock a
Sport-Haley Reverses Q4 Loss on 10% Sales Gain
Sport-Haley reported net income of $587,000 for the fourth quarter of its fiscal year ended June 30, 2005, or 23 cents per share, as compared with a loss of ($1,659,000), or (55 cents) per share, in the fourth quarter of the previous fiscal year. Net sale
