SGB Update Outdoor
Sara Lee Apparel Names CFO
Sara Lee Branded Apparel Americas/Asia appointed E. Lee Wyatt Jr. to the position of chief financial officer. In assuming the CFO position, Wyatt will be responsible for many of the new roles that Sara Lee Branded Apparel Americas/Asia will be required to
Delta Apparel, Inc. Acquires Junkfood Clothing
Delta Apparel, Inc. has acquired substantially all of the assets of Liquid Blaino Designs, Inc. d/b/a Junkfood Clothing. The purchase price for the transaction consists of $20 million of cash (subject to a post-closing adjustment based on the actual work
Under Armour Creates Link to Video Game Market
Under Armour Performance Apparel announced its entry into the branded entertainment market with the release of two upcoming video games, Tom Clancy's Ghost Recon 2: Summit Strike and Tiger Woods PGA Tour 2006. UA partnered with Ubisoft Entertainment
Nordstrom, Inc. to Purchase a Majority Interest in Jeffrey
Nordstrom, Inc. has purchased a majority interest in Jeffrey, which operates two successful luxury specialty stores, Jeffrey New York and Jeffrey Atlanta. Jeffrey Kalinsky, the founder and purveyor of the two stores, will become Director of Designer Merc
Initial Second Quarter Retail Results Send Industry Stocks Lower…
As the first wave of second quarter reports started to come in for the sporting goods and athletic specialty retail sectors last week, the sluggish nature of the sales gains put just enough doubt in the minds of investors to send all industry stock indice
The Sports Authority Cuts Promotional Position, Boosting Q2 GM and Net Income…
The Sports Authority saw shares rise for the week after providing some goods news in the bottom line results. The gain in net income was due in large part to a shift away from BOGO sales and other promotional vehicles that may have limited top-line growt
Foot Locker Sees Europe Slice into Nike Marquee Upside in the U.S…
Foot Locker, Inc. lost almost all of the benefits from increased Nike marquee product in the U.S. in the fiscal second quarter ended July 30 as the Europe business continues to trend lower. The region is still generating double-digit operating margins, b
Mossimo Doesn’t Want His Company Back That Badly…
Mossimo Giannulli, founder, chairman, and co-CEO of Mossimo, Inc., has withdrawn his proposal to acquire all outstanding shares of the company not owned by him for $4.00 per share, essentially taking the company private again. Giannulli said that, while h
Riddell Bell Sees Double Digit Organic Growth in Second Quarter…
Riddell Bell Holdings second quarter net sales increased 208.0% over last year, primarily due to the acquisition of Bell Sports, posting revenues of $103.8 million in the quarter ended July 2, compared to $33.7 million in Q2 last year for just the Riddell
TPS Hockey Moves North of the Border…
TPS Hockey and its parent company, Hillerich & Bradsby Co., owner of the Louisville Slugger brand, have signed a Letter of Intent to sell majority interest in their global hockey operation to TPS Sports Group Inc., a Canadian company lead by industry vete
Sport Supply Group Has Rough Q2 on Calendar Shift, Government Orders…
Sport Supply Group, Inc. had a pretty rough go of things in the second quarter as a decline in sales brought on by a calendar shift and the inability to anniversary a government order cut net income in half. Revenues for Q2 declined 7.5% to $23.2 million
Bob’s Stores Q2 Loss Expands; TJX Sees Full Year Improvement…
Bob's Stores, the Connecticut-based chain of retail stores that is now part of the TJX Companies portfolio, saw sales decline 6.2% in the second quarter to $59.8 million from $63.8 million in the year-ago period. The Q2 operating loss for the 34-sto
NSGA Study Reveals Female Spending Trends…
NSGA’s recent study, “The Sporting Goods Market in 2005,” found that females are significant purchasers in many important footwear and equipment categories. In 2004, females purchased 54% of the $14.8 billion of athletic footwear sold at retail. However,
Huffy Reorganization Plan Approved…
The U.S. Bankruptcy Court for the Southern District of Ohio approved Huffy Corporation’s Disclosure Statement for this Joint Plan of Reorganization and authorized Huffy to begin soliciting approval from its creditors. The company expects to emerge from Ch
Golf Town revenues rise 25%; EBITDA up 39% in the second quarter…
While the golf market in general seems to be barely a step above struggling, Canadian golf specialty retailer, Golf Town, reported double-digit revenue and EBITDA increases for the second quarter. EBITDA increased 39% to $12.1 million (US$9.7 million) ove
