SGB Update Outdoor
Footstar Updates Restatement; May Sell Off Athletic Unit
Footstar, Inc. has updated its expectations for the total impact of its financial restatement for fiscal years 1997 through the first half of fiscal 2002 and reported on discussions it is having with its bank syndicate. The company is continuing to evalu
Pacific Cycle Acquired by Canadian Consumer Brands Company
Dorel Industries Ltd. has signed a purchase agreement to acquire Pacific Cycle, best known for its Schwinn, Mongoose and GT bicycle brands. The total value of the all-cash transaction is US$310 million and is being financed through additional debt facilit
SGMA: Forecasting the Future of the Sporting Goods Industry – 2010
Getting the right product to the right place at the right time. That’s the key to success in business – especially in the sporting goods industry. How that will be best accomplished by 2010 is the $64,000 question. That’s one of the dominant themes of
Dorel Acquires Pacific Cycles
Dorel Industries Ltd. is adding a significant new leg to
the Company's business by entering the bicycle industry through a major acquisition. The Company has signed a purchase agreement to acquire Wisconsin-based Pacific Cycle…
Oakley Opens O-Store in Chile
Oakley opened the first licensed O Store outside the United States and discussed the company's plans for additional international Oakley retail locations. This latest addition to the company's expanding retail presence opened December 10, 2003 i
Footlocker Ups Guidance on Positive Comps
Matthew D. Serra, President and CEO of Foot Locker provided attendees at The Super Show in Orlando, Florida with a review of the Company's key profitable growth strategies. Mr. Serra also confirmed that the Company expects its fourth quarter comparab
SRAM to Acquire Avid
SRAM Corporation has signed a Letter of Intent to purchase Avid LLC. This acquisition furthers SRAM’s goal of providing a full component group to the bike industry. SRAM and Avid are currently in the final phase of due diligence, with the closing expected
Precor Acquires Fitness Products International
Amer Group's Precor division has acquired Fitness Products International, a privately held company with executive offices and manufacturing facilities in Sun Valley, just north of Los Angeles. FPI serves the commercial fitness market with a range of
Everlast Restructures Series A Preferred Stock Minimum Redemptions
Everlast Worldwide Inc. announced that it has entered into an agreement with its Principal Preferred Stockholder, modifying its annual minimum redemptions. Under the terms of the agreement, in lieu of a cash payment for the redemption of a portion of the
NRF Projects 5.0% Retail Growth in 2004
Following a year of bumpy growth, the economy is poised for consistent gains in 2004. The National Retail Federation released its 2004 forecast, predicting that GAFS sales will increase 5.0% from last year. According to its Retail Sales Outlook Report,
SportsNewsSource and NSGA Renew Conference Partnership
SportsNewsSource LLC, which publishes several electronic and printed sporting goods industry newsletters, has renewed its partnership with the National Sporting Goods Association as the Official Conference Daily Newsletter for the 40th Annual NSGA Managem
No Whitewash Here; Finish Line Back in Black and Sees a Shift to Color in Footwear…
The Finish Line is showing no sign that their white hot trend is slowing after posting another blockbuster sales quarter and strong operational performance that catapulted the retailer into the black for Q3 ended November 29, 2003. FINL is also pointing
SGMA Releases Annual State of the Industry Report
There is further retail consolidation among retailers, as well as manufacturers. Internet sales strengthen. Licensed sales gain momentum. Federal funds back P.E. Those are just a few of the topics in the 2004 SGMA International State of the Industry r
Under Armour Enters Licensed Apparel Market
Under Armour Performance Apparel and the University of Maryland at College Park jointly announced Saturday that the performance apparel company will be the Division I-A football team's exclusive uniform provider, which will include fan apparel and ac
Forzani Under Investigation for Advertising Practices
The Forzani Group Ltd. was recently contacted by the Canadian Competition Bureau about certain of its advertisements. The Company said in a release on Thursday that they aways have been “committed to compliance with the advertising provisions of the Compe
