SGB Update Outdoor
Gotcha Emerges From Bankruptcy…
Gotcha is emerging from Chapter 11 bankruptcy after filing for protection last August. The company currently owes creditors about $8.0 million, but plans to pay it off with 6-8% interest within 44 months…
Nautilus Trips Over Bowflex Declines…
The Nautilus Group saw shares fall another 12.1% this week to close at $10.64 on Friday after the company issued a warning on Wednesday that Q2 and full year sales and earnings would fall short of expectations…
Malden Mills is on track to emerge from chapter 11 bankruptcy
Malden Mills is on track to emerge from chapter 11 bankruptcy by late August of this year…
NSGA: Fitness Participation Linked with Equipment Purchases
The National Sporting Goods Association (NSGA) and nationally known market research firm Irwin Broh & Associates have published a unique report that connects participation in 13 fitness activities with purchases of seven separate pieces of equipment…
Fischer Skis Ramps Up Field and Office Staff
Fischer Skis USA announced the appointment of several new employees both in field and in-house. Peter Kennedy and assistant Brian Schiller will represent Fischer Alpine and Cross-Country in Alaska, Washington, Oregon, Idaho and Montana. Brian Sturgis ha
Nike Signs Taylor and Purcell to Lifetime Deals…
The company may have solidified their future in performance basketball with the signings last month of Kobe Bryant, LeBron James and Carmelo Anthony, but the addition of the key retro icons strengthens Nike’s foothold in the fashion end of the footwear ca
New Era, Koch Family Launching Annual Golf Event for Cancer Research
New Era Cap Company and the Koch Family will hold the inaugural DCK Memorial Golf Tournament Monday, July 21, at Wanakah Country Club in Hamburg, N.Y. All proceeds from this first-annual event will be donated to the University of Pittsburgh Cancer Institu
Footstar Athletic Comps Up 1.0%; Will Broaden Nike Offerings
Footstar, Inc. reported that comparable store sales for the thirteen-week period ended June 28, 2003 declined 2.2%. Comparable store sales at Meldisco decreased 4.9%, and comparable store sales for the athletic segment increased 1.0%. Total sales in the
Skate Board Group Makes Cross-Country Trek for a Cause
On August 2nd, skate industry veteran Jack Smith and three friends will begin a 3,000 mile journey pushing their skateboards across the United States. The trek that will take them from Oregon to Virginia in the middle of the summer heat is expected to ta
Gotcha Emerges from Bankruptcy
Gotcha International LP announced Tuesday that it is emerging from bankruptcy. The company, which filed for Chapter 11 reorganization in August, will pay its creditors fully with 6-8 percent interest. Gotcha owes about $8.0 million, which should be pai
Wolverine Q2 EPS Up 9.5% on 8.7% Revenue Rise
Wolverine World Wide, Inc. reported that second quarter revenue rose 8.7% to $184.0 million compared to $169.3 million reported for the second quarter of 2002. Earnings per share improved to $0.23 per share compared to $0.21 per share reported for the sa
Nike Acquires Converse in $305 Million Deal
NIKE, Inc. has entered into a definitive agreement to acquire Converse, Inc. The total price to be paid for 100 percent of the equity shares is approximately $305 million plus the assumption of certain working capital liabilities at the time of the transa
Thornton Takes President’s Post at Stride Rite; Adds Woodworth to Run Hilfiger
The Stride Rite Corporation has announced that Richie Woodworth has joined the Company as President of Tommy Hilfiger Footwear. He will report to the company's newly appointed President and COO, Richard T. Thornton. Thornton will report to David Cha
Stride Rite Makes Board Appointment
The Stride Rite Corporation announced that James F. Orr III has been elected to its Board of Directors. Mr. Orr has served as Chairman of the Rockefeller Foundation since December 2000. From May 2000 to December 2001, he was President and Chief Executive
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
