SGB Update Outdoor
American Skiing Company Appoints New VP — Eastern Lodging
American Skiing Company has appointed Brandon McCarter to the newly created position of Vice President — Eastern Lodging. Most recently, Mr. McCarter was Vice President of Lodging and General Manager of the Grand Summit Resort Hotel at Mount Snow, Vermon
All Eyes on Gander Mountain…
Several top investment firms initiated coverage of Gander Mountain this week, including Piper Jaffray, Bank of America and William Blair & Co. – the firm that floated the outdoor retailer’s IPO. The company received high marks from all analysts, who cited
Retail Execs See Lighter Traffic But More Sales in May…
It looks like the most recent Executive Opinion Survey, a monthly index by the National Retail Federation, was a fair indicator of the health of the retail business in May as retail execs also noted that the prediction of a negative impact of higher gas p
Forzani Sees Continued Challenges in Canadian Sporting Goods Market…
Forzani started the year off on shaky ground on the sales front, thanks in large part to heavy price competition and a declining sporting goods market north of the border, but shook off the tougher market and posted a 38% increase in net income for the pe
Zanatta Leaves Lotto Board; Tecnica is Now Sole Focus…
Giancarlo Zanatta, President of the Tecnica Group, has resigned his position as a member of the board of directors of Lotto Sport Italia in an effort to focus on re-launching the Nordica and Rollerblade brands world-wide…
American Recreation Parent Boosts Net Income 18.5% in Q1…
Kellwood, Inc. first quarter sales increased 2.1% to $686.1 million, compared to $672.3 million last year due to a combination of organic growth of $5 million, or approximately one percent, and the acquisition of Phat Fashions which provided an additional
But Loses Hoosier Deal to adidas…
The Hoosiers have made the switch from Nike to adidas for the school’s entire athletic department. The decision marks the first time that adidas has been the licensed product vendor for all of IU’s sports. Nike had held a majority of the contract since 20
Sporting Goods Sales Pace Online Sales Growth in 2003…
According to The State of Retailing On-line 7.0, a Shop.org study conducted by Forrester Research of 150 retailers, 2003 on-line retail sales improved 51% to $114 billion, surpassing all industry expectations. Each on-line product category experienced str
Specialty Retailers Again Outpace Sporting Goods; Profit Gains Outpace Sales…
The industry’s Retail sector experienced much of the same sales and profit upside seen in the Vendor sector (SEW_0422), as earnings growth here more than doubled the pace of sales gains in the first quarter. Concerns about rising gas prices and consumer
Jack Moore Resigns from Kohl’s
Kohl's Corporation announced the resignation of Jack Moore, executive vice president/general merchandise manager of Home and Footwear effective today to accept a position as President and Chief Operating Officer at Linens 'n Things.
Neville Named President of Stride Rite’s Keds Division
Shawn Neville will join Stride Rite Corporation as president of Keds, effective July 7, 2004. Most recently, Neville was president & CEO of Footstar's athletic division, including the management of Footaction, USA and Just for Feet. Previously, he w
Sportcraft in Recall of Tredex Treadmills
Sportcraft Ltd, in coorperation with the CPSC, is voluntarily recalling 320 units of the Tredex 10.0 treadmill. The product was said to have been sold primarily through Dick's Sporting Goods from January 2004 through March 2004 for between $500 and
adidas Extends French Soccer Federation Partnership Deal
The Fédération Française de Football (FFF) and adidas announced that they have extended their partnership agreement until 2010. The French Football Federation currently holds the second place in the FIFA World Ranking and is the defending European Champio
Cabela’s Prices IPO Range; May Net North of $93 Million
Cabela's Inc. on Monday set the range for its pending IPO at an estimated price between $15 and $17 per share. The company plans to offer 9.375 million shares, netting the company between $93.75 million and $106.25 million. Selling shareholders wil
Cobblestones Names Sales and Marketing Chief
Cobblestones Activewear has named Michael Seegmiller vice president of Sales and Marketing, it was announced by Mark Osborn, general manager. Seegmiller comes to Cobblestone with more than 25 years experience in managing national and key accounts, includi
