SGB Update Outdoor
American Capital Supporting Fenway’s Riddell Acquisition
American Capital Strategies Ltd. announced that it has invested $23 million in Riddell Sports Group Inc. American Capital's investment takes the form of senior subordinated debt and equity and supports the acquisition of Riddell by Fenway Partners In
Davis Named President of Enyce
Sport Brands International (SBI), the new parent company of Fila, Ciesse Piumini and Enyce, has named Evan Davis President of Enyce. Mr. Davis, 39, originally joined Enyce after serving as national sales manager and chief merchandiser for Mecca USA…
Shoe Pavilion Reports Q2 Same Store Sales off 7.6%
Shoe Pavilion announced net sales were $21.2 million for the second quarter ended June 28, 2003, compared to net sales of $22.7 million for the same period in 2002, a 6.9% decrease. Net sales from the Company's retail stores and Gordmans licensed sho
Sears Elects Bax To Board
The board of directors of Sears, Roebuck and Co. today announced the election of William L. Bax, 59, former managing partner of PricewaterhouseCooper's Chicago-area practice, to membership on Sears' board of directors. His election increases th
Stride Rite Down on Weak Canvas Biz…
The weather-inflicted declines in sandals appear to have hit another key category this spring – canvas. Stride Rite reported fiscal second quarter numbers for its canvas product impacted the sales and profits for the company across all brands, nearly era
Nike Wins the Summer Hoops Trifecta…
Nike Inc. won the trifecta this week, with the addition of Kobe Bryant to its player roster. Nike declined to disclose terms of the deal, but estimates put it at roughly $45 million…
The “Bible of Baseball” Falls Hard…
The 117 year-old weekly sports magazine, The Sporting News, is being forced into a budget crunch. Nearly 20% of their editorial staff has been laid off and sources say the personnel situation was already tight. The move is part of an effort to cut back
PacSun Adds Brands to Grow Footwear…
Pacific Sunwear may not be the as fashion –forward as many people think, but the teen retailer is adding new brands that will continue to bolster sales and keep the kids coming in the door. PSUN shed their west coast shades and pitched in at the 13th Ann
As Quiksilver Grows Its Brand Portfolio…
Diversification was the word as Quiksilver took the stage in Nantucket, with company CFO Steve Brink pointing to three key areas to exemplify his point. Focus on diversity of brands, distribution and category are key in the company’s strategy to represen
Zodiac Sells Sevylor Leisure Division…
National Ventures has agreed to buy The Zodiac Group’s Leisure division, Sevylor, after a long and successful relationship between the two companies. National Ventures has long been manufacturing the inflatable water sports equipment for the Sevylor bran
adidas-Salomon Sees Continued North America Weakness
At a round-table discussion with journalists at ispo in Munich, Herbert Hainer, adidas-Salomon CEO, re-confirmed full year projections of 5% currency-neutral sales growth, a gross margin of 42-43% and earnings growth of between 10 and 15%. However, curre
Pacific Sunwear Appoints Outlet Head
Pacific Sunwear of California Inc. announced the appointment of Bill Rosenbaum to the newly created position of vice president/GMM Outlet. Rosenbaum was formerly PacSun's VP/GMM of Young Men's and has been with the company since April of 2000…
Kmart Files to Recover $49 Million From Vendor
Kmart Holding Corporation confirms that it has filed a complaint in U.S. Bankruptcy Court for the Northern District of Illinois against Handleman Company to recover the $49 million critical vendor payment Kmart paid to Handleman at the outset of Kmart
Johnson Outdoors to Replace Head of Diving Unit
Johnson Outdoors Inc. is conducting a worldwide search for a new head for the company's Global Diving business based in France, following the departure of Mr. Mamdouh Ashour from the company. The unit manufactures and markets diving equipment and in
Nike Issues Statement on High Court Ruling
The U.S. Supreme Court today dismissed on technical grounds a case in which Nike was seeking to reaffirm the First Amendment right to free and open debate. Nike had challenged in the High Court a California state court ruling that adopted a legal standa
