SGB Update Outdoor
Rocky Consolidating After Acquisition…
Rocky Shoes & Boots plans to consolidate operations following the recent acquisition of EJ Footwear, including the relocation of the Lehigh division headquarters in Vestal, N.Y. The company plans to relocate key management to Rocky's headquarters in
Thule Shows Solid Q4 Gains…
Thule finished off a strong fourth quarter, its first under new ownership with Candover Partners. Sales for the quarter increased 44.0% to SEK 615 million ($88.5 million) compared to SEK 427 million ($56.4 million) in 2003. Profitability improved at clos
Twin Tips Drive Specialty; Snowboard shows Continued Softness…
According to the SIA Retail Audit, sales for the entire winter sports market were up 2.8% in dollars to $1.76 billion for the August 2004 through January 2005 period, compared to $1.71 billion reported for the same period last year. Unit sales were down 7
Orange 21 Sees Some Legal Action…
Orange 21 has reportedly received a cease-and-desist letter from Oakley with respect to patent and trademark issues involving three of its product styles. In a press release, Orange 21 stated that upon review of the claims, the company believes them to b
Altama Deal Weighs Down Phoenix…
Phoenix Footwear’s acquisition of Altama is not paying-off like the company expected when the deal closed in July of last year. Many of the military contracts held by Altama at the time of the acquisition have suffered from delayed procurements and the di
Lotto Takes Over China License…
Lotto Sport Italia reported last week that its previous licensing agreement with Lightening Star Corporation for China, Macau, and Hong Kong has terminated. A new trading company – a subsidiary of Lotto Sport Hong Kong – will control two companies that w
Outdoor Retail Looks to Web for Solid 2004…
The retail environment seems to be quite healthy for many of the major outdoor specialty chains, although the competitive environment is heating up at the same time. Brick and mortar retailers who are successfully integrating the Internet and catalogs in
Cutter and Buck Narrows Fiscal Q3 Loss…
Cutter & Buck reported a $523,000 pre-tax loss for its ongoing wholesale business for the fiscal third quarter ended January 31, compared to a pre-tax $40,000 profit in the year-ago period. Management attributed investments in computer systems and expens
Gander Mountain Looks to Marine for Help…
Gander Mountain’s Q4 was hurt by the abnormally warm weather experienced by much of the country, some unforeseen cannibalization, and an inability to forecast accurate growth rates among its rapidly growing base of large-format retail stores. These three
Specialty Leads the Alpine Market; Snowboard Looks to Chains for Growth…
According to the SIA Retail Audit, sales for the entire winter sport market were up 2.8% in dollars to $1.76 billion for the August 2004 through January 2005 period, compared to $1.71 billion reported for the same period last year. Unit sales were down 7.
Dick’s Sees Income Increase 12.1% To $39.9 Million…
Dick’s Sporting Goods reported that net income for the fourth quarter ended January 29 increased 12.1% to $39.9 million, or 75 cents per share, compared to pro forma net income of $35.6 million, or 69 cents per diluted share, for the year-ago period. Pro
Outdoor Retail Has Positive 2004…
The retail environment seems to be quite healthy for many of the major outdoor specialty chains, although the competitive environment is heating up at the same time. Brick and mortar retailers who are successfully integrating the Internet and catalog sale
Angel Martinez Will Be Deckers’ New CEO
Angel Martinez will join Deckers Outdoor Corporation as the company's Chief Executive Officer and President effective April 11, 2005. He succeeds Douglas Otto, who will continue as Chairman of the Board of Directors and as an executive officer, focus
Glass Lewis Recommends Shareholders Vote For JOUT Merger
Johnson Outdoors Inc. announced that Glass Lewis & Co., a leading independent proxy advisory firm, has recommended that Johnson Outdoors shareholders vote FOR Johnson Outdoors' proposed merger with JO Acquisition Corp. at the Company's special s
Brown Shoe to Acquire Bennett Footwear
Brown Shoe Company has entered into a definitive agreement to acquire Boston-based Bennett Footwear Group for $205 million in cash. Bennett's owned and licensed footwear brands, which include Via Spiga, Franco Sarto, Etienne Aigner and Nickels Soft,
