SGB Update Outdoor
More Fines in the JFF Case…
In a saga that never seems to end, Peter Berman, the former comptroller of Just for Feet Inc., has agreed to pay more than $51,000 in fines to settle allegations by the Securities and Exchange Commission that he participated in a scheme that inflated inco
SGMA Issues a Call to Action for National P.E. Day Lobbying Efforts…
SGMA has put out an all points bulletin to the sporting goods industry to rally support for P.E.4LIFE’s 5th Annual National P.E. Day and the associated lobbying efforts to support funding for physical education programs in schools. At issue is a cut in f
The Sports Authority Rolls Out The Red (Sox) Carpet for Investors…
TSA held an investor day on March 29 in the soon-to-be demolished .406 club at Fenway Park, with chairman and CEO Doug Morton starting the conference by telling investors that “We want the customer to come to TSA instead of WMT”. He then proceeded to des
The Buckle Completes Stock Buy-Back From Founder
The Buckle has completed its stock buy-back with Daniel J. Hirschfeld, founder and Chairman. On March 24, 2005, the Company entered into an agreement to purchase a total of 3,000,000 shares of the Company's outstanding common stock from Mr. Hirschfel
Former Brooks Sports Chairman Moves Back to Retail
Dry Ice, Inc., a specialty retailer of home furnishings for teens, has named retail veteran Ann Iverson as acting Chief Executive Officer. Ms. Iverson recently led the growth and expansion of the Brooks Sports as Chairman of the Board.
Big 5 Posts Positive Q1 Comps; Will Restate Earnings for Two Years
Big 5 Sporting Goods Corp. reported that, based on preliminary sales results, it expects to post a same store sales increase of approximately 1.7% for the first fiscal quarter ended April 3, 2005 versus the year-ago period. BGFV also reported that it wou
NRF Voices Sarbanes-Oxley Concerns to SEC
The National Retail Federation has submitted comments to the Securities and Exchange Commission on the impact of Sarbanes-Oxley Section 404, encouraging the SEC to review lessons learned from the past year of SOX implementation. Members of NRF's Inte
NRF: Retailers Oppose Commerce Dept. Proposal on Chinese Imports
The National Retail Federation said it opposed plans announced by the Commerce Department to consider new “safeguards” limits on textile and apparel imports from China. “Safeguards quotas simply are not warranted,” NRF Vice President and International Tr
Prime Rate Acquires Stockli U.S. Distributor
After a move last month to acquire a Vermont ski shop, Prime Rate Investors has now reportedly acquired a majority ownership of Stockli USA, LTD. Stockli Ski USA, which is based in Denver, Colo., has been operating for ten years as the exclusive distribu
Exel Sees Nordic Walking Grow in EU; North America Still in Transition…
Exel reported strong revenue and income growth for fiscal 2004. While a majority of the top-line growth was generated by the company’s industrial division, Exel’s sport division reported full-year sales grew 25.0% to €35.5 million ($44.2 mm) compared to €
S.R.A.M. = SRAM, Rock Shox, Avid, and … Mavic?
An article published in DirtRag set the bicycle industry abuzz with talk of SRAM’s latest acquisition. The piece quoted SRAM’s Michael Zellman saying that his company has acquired the French wheel manufacturer, Mavic, currently owned by adidas-Salomon. BO
Zumiez is Firing on All Cylinders as IPO Approaches…
Zumiez, Inc. filed its amended S-1 last week as the Seattle-based action sports retailer prepares to enter the public market this spring. Based on the company’s most recent results, management has read all the right books about dressing yourself up for t
Thule Acquires Division of Sportworks…
Thule has signed a letter of intent to acquire the Quick-load Bike Racks division of Sportworks Northwest, Inc. Thule will acquire the Quick-load Bike Racks' assets, including all tooling trademarks, patents, and customer lists from Sportworks and wi
The Sports Authority Rolls Out The Red (Sox) Carpet for Investors…
TSA held an investor day on March 29 in the soon-to-be demolished .406 club at Fenway Park, with chairman and CEO Doug Morton starting the conference by telling investors that “We want the customer to come to TSA instead of WMT”. He then proceeded to des
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