SGB Update Outdoor
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
Trek Technologies Inks Deal with StuffBak
Trek Technologies, d.b.a. Trek-Tech inked a partnership with the StuffBak, a loss-protection-and-recovery service. The new StuffBak feature provides consumers with a service designed to recover lost possessions. As part of a TrekPod product purchase, con
SIA Launches First Phase of ‘Model for Success’
SnowSports Industries America will introduce results from the first phase of its new “Model for Success”, as presented by Jim Spring, president of Leisure Trends, at its pilot education seminar series set to take place in New England next week. The prese
Stride Rite Corp. Completes Saucony Acquisition
The Stride Rite Corporation has completed the acquisition of Saucony, Inc. for a total purchase price of approximately $170 million in cash. The acquisition is being financed with cash on hand and borrowings under a new $200 million revolving credit facil
Leaked Memo Proposes Broad National Park Service Changes…
The National Parks Service and the Department of the Interior made headlines all over the country last week, largely in editorial columns, due to a leaked memo that proposes drastic re-writes of the fundamental purpose behind the National Parks Service. T
SIA Joins Forces with OIF for ‘Get Fit with US’ Campaign
Through its “Winter Feels Good” campaign, the SnowSports Industries America Education Foundation is working with the Outdoor Industry Foundation and a consortium of federal government agencies to encourage year round outdoor physical activity under the ba
