SGB Update Outdoor
Gramicci Has Back Office and Sales Team Reorganized
Sole Assets Holdings, LLC, a Buxbaum Group affiliate that currently owns the Gramicci brand, has restructured Gramicci’s back office and all of its operations under the guidance of Arnold Rubenstein, the company's operations manager. Notably, Rubenst
Broder Bros. Sees Exit of Top Executives
Broder Bros., Co. on Tuesday announced the resignations of Vince Tyra, Chief Executive Officer, and Mark Barrocas, President. The Company also announced that Thomas Myers, Director, has been appointed Interim CEO effective immediately. The Company has com
Gander Mountain Warns on 2005 Results; Q3 Comps to Fall
Gander Mountain Company is reporting that it no longer expects to meet its previously disclosed guidance for revenue of at least $850 million, flat comparable store sales and pretax income of at least $16 million for the fiscal year 2005. The uncertainty
Delta Cycle Recalls Two-Bike Folding Racks
Delta Cycle Corp., in cooperation with The U.S. Consumer Product Safety Commission, has announced a voluntary recall of about 3,500 Picasso Two-Bike Folding Racks. Based on the recall, the bike rack does not have sufficient hardware to support its weight
Greg Norman Collection Q3 Sales Jump 20%
Greg Norman Collection's consolidated net sales increased 19.8% to $20.0 million compared to $16.7 million last year, with a 23% increase in its core golf business for the third quarter ended September 30th. This marks the eleventh consecutive quarte
Brooks Signs 7-Year WIAA Sponsorship
Brooks Sports inked a seven-year sponsorship agreement with the Washington Interscholastic Activities Association (WIAA), making it the exclusive sports apparel and footwear partner of the annual WIAA Cross Country and Track & Field State Championships th
Confluence Sells Trimaran Business
Confluence Holdings completed the sale of the assets of its WindRider trimaran sailing line to WindRider LLC registered in Plymouth, MN on October 7, 2005. Terms of the sale were undisclosed. WindRider LLC has acquired all WindRider assets, including the
Hibbett Renews Credit Facilities
Hibbett Sporting Goods, Inc. renewed its unsecured credit facilities through November 2006 with AmSouth Bank for a maximum of $15.0 million and with Bank of America, N.A., for a maximum of $10.0 million. The credit agreements take the form of two master n
Amer Closes Salomon Deal…
Amer Sports completed its acquisition of the Salomon business late last week. The transaction value is expected to be approximately €485 million ($593 mm) based on year-end 2004 figures. According to the European Commission on competition, Salomon was re
Rocky Making Boots for Uncle Sam; Upgrades Outlook…
Rocky Shoes & Boots received a contract from the U.S. Military to produce “Hot Weather” boots for approximately $30 million. Shipment of the boots should start during Q4 with an estimated completion date of December 2006.
The company also reported that i
Reebok Takes a Q3 Hit on Shift from Classics……
Reebok International Ltd. continues to find ways to post positive numbers on a quarterly basis. In the second quarter, the company capitalized on a combination of one-time charges in the prior-year period and the acquisition of The Hockey Company to gene
ICON Sees Better Metrics in Usual Ways; Still Can’t Turn Profit…
ICON Health & Fitness posted stronger top-line results for the company’s fiscal first quarter ended September 3, but an income tax benefit in the year-ago period offset an otherwise positive development in the loss for the period. The loss before taxes a
Mueller Continues Its Patent Infringement Fight…
Mueller Sports Medicine has won a patent infringement lawsuit against Houston-based SportStar Athletics, defending their No Glare Strips in a federal court in Madison, Wisc. The jury found SportStar’s infringing actions to be willful, thus entitling Muell
Pair Nabbed in Swoosh Heist…
Two men from Kansas City, Kan. have been indicted by a grand jury in a case involving a truckload of 5,500 Nike athletic shoes that were stolen on Feb. 25, 2003. Darrell Lawson, 49, and James Peoples, 42, are charged with conspiring together to possess st
LaCrosse Footwear Moves into New Portland Digs…
LaCrosse Footwear, Inc. announced that it has signed a long-term operating lease for a new 145,000 square foot building in Portland, which will house its corporate headquarters and the distribution center for its Danner products. Construction is scheduled
