SGB Update Outdoor
adidas Sees Continued U.S. Weakness…
At the company’s Investor Day presentation last week, adidas-Salomon AG CFO Robin Stalker discussed the difficulties that the company is having in the critical U.S. market, revealing that North America full-year sales for 2003 are expected to come in belo
Tiger Goes Back to a Nike Driver…
Tiger Woods has changed drivers again, switching back to a new Nike driver after a two month stint with his old Titleist 975D model. The new Nike club will be the largest he has ever used in competition. Woods has been struggling with control off the te
Phoenix Expands Stable in Royal Robbins Acquisition Deal…
Phoenix Footwear has signed an agreement to acquire Royal Robbins. The deal includes $6.5 million due at closing with an additional contingent purchase value of around $5 million based on a two-year earn-out formula. The initial payment will consist of $6
Wolverine Again Sees Merrell Lead Q3…
Wolverine World Wide said that Merrell continues to be its major growth driver, but company president and CEO Tim O’Donovan said it is also encouraging to see major contributions from the other footwear businesses…
Power Grid Woes Impacts Forzani BTS…
The Forzani Group Ltd., Canada’s largest sporting goods retailer and franchisor, cited fires in the British Colombia Province and power outages in Ontario as main contributors to its flat comparable store sales report for the Back-to-School selling period
Sport-Haley, Chairman Sued by SEC…
The U.S. Securities and Exchange Commission filed suit on September 26, 2003 against Sport-Haley, Inc. its chairman and former CEO, Robert G. Tomlinson, and its former controller, Steve S. Auger…
Women’s Golf Seeing Pink from Rules…
The rules and costs associated with a company being a publicly-traded entity has claimed another victim, as Women's Golf Unlimited, Inc. announced last week that they have filed Form 15, Certification & Notice of Termination of Registration, with the
Jordan Signs Two New Faces
Jordan, a division of Nike, announced the addition of All-Star point guards Gary Payton and Jason Kidd to Team Jordan, the group of professional athletes hand-picked by Michael Jordan to represent the Jordan brand of footwear and apparel…
Chris Brewer Is VP Performance Footwear At Fila
In a continuing effort to develop best-in-class products and increase its market share in the athletic footwear category through improved innovation and design, Fila CEO Jon Epstein has named Chris Brewer as VP Performance Footwear for the company…
New Era Brings In Their First Corp Communications Manager
New Era Cap Company has hired Crystal Howard as New Era's first corporate communications manager. Howard will report to John DeWaal, vice president of global marketing. She will be located in the company's Derby, N.Y. headquarters…
Tamarack Postpones Opening
Tamarack Resort, the $1.5 billion new ski area in the Idaho Rockies, has postponed Alpine Skiing due to commence this winter until 2004/5. Tamarack was one of two new ski areas due to open this winter, along side Moonlight Basin in Montana.
Delta Completes Soffe Acquisition
Delta Apparel, Inc. has completed the previously announced acquisition of all of the outstanding capital stock of M. J. Soffe Co.Delta Apparel has also entered into $78.5 million aggregate revolving credit facilities with Congress Financial…
Coastcast Reports Optimistic Outlook and Termination of Search for Buyer
Coastcast Corporation reported its optimistic outlook and termination of marketing of the company for sale. The offer to take the company private by the chairman/CEO and another director has been been withdrawn and other acquisition proposals were determ
Penguin Taps Foot Locker Vet to Run Sales
Penguin Brands announced that Ted Roberto will be joining the company as National Sales Manager, effective November 1, 2003. Mr. Roberto has spent the last 28 years with Foot Locker, Inc. where he held various senior management positions in sales, produc
CPSC Recalls ParkTool Floor Pump
4,000 ParkTool Professional Floor Pumps have been recalled in an announcement by the CPSC. It was stated that the pump could become over-pressurized “forcing the handle to quickly and unexpectedly rise upward, possibly injuring the user.”
