SGB Update Outdoor
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
Rebel Sport Posts 7.3% Q1 Sales Increase
Rebel Sport Limited’s group sales revenue for the three months ended October 1, 2005 increased 7.3% to AU$77.8 million ($59.1 mm) when compared to the same quarter last year, including sales revenue from the Glue lifestyle stores.
Sales on a same store ba
SGAA Highlights Annual Award Recipients
The Sporting Goods Agents Association Annual Meeting will be held on the opening day of the Super Show in January 2006. Tim Maloney, Tim Maloney Sales Inc., will be inducted into The SGAA Hall of Fame. Tom Rogge, president of Cramer Products Inc., will
Umbro Picks Up 25% Stake in Chinese Distributor…
Umbro will acquire a 25% stake in Team & Sports Ltd., Umbro’s current licensee distributing product in China, Hong Kong, and Taiwan. The stake in Team & Sports will cost Umbro a total of $12 million. Upon completion of the deal, Umbro will pay $4.5 millio
Big 5 Completes Restatements; Q3 Comps Stronger…
Big 5 Sporting Goods Corporation was able to get up to date with its required SEC filings, prompting the Nasdaq Listing Qualifications Panel to restore its stock trading symbol to BGFV last week. The retailer was forced to restate earnings in a number of
Outdoor Industry Companies Again Lead the Way in Corporate Responsibility…
At a recent Patagonia press conference, former company CEO Michael Crooke issued a call to action for the outdoor industry. He made one simple request — take a leadership role in corporate responsibility. Many outdoor companies are involved in different
