Blacks Leisure to Close 89 Stores
Blacks Leisure, the U.K. outdoor chain, announced plans to close 89 stores across the group that have not “traded profitably for years”. The firm, which operates Millets, Blacks and O'Neill shops, also said it plans to lay off 50 employees at its Nor
Sunice Names VP Design and Merchandising
Sunice, the technical outerwear brand, announced the addition of seasoned ski apparel design professional Grace A. Galdi to their team. Galdi has been named the vice-president of design and merchandising, snow for the brand…
Modell’s Revises Logo in Rebranding Effort, Opening New Prototype in Pelham, NY
Modell's Sporting Goods is revising its logo as part of a new rebranding effort It also is opening up a new prototype store in Pelham, N.Y. as part of its “Rebirth” initiative…
Iridium And GHL Acquisition Close Transaction
Iridium Holdings LLC and GHL Acquisition Corp. have announced the close of their transaction. Effective immediately, GHL Acquisition's new name is Iridium Communications Inc., trading on the NASDAQ Global Select Market under the ticker symbols IRDM (
Crocs. Inc. Secures New Asset-Backed Credit Facility
Crocs, Inc. said it has entered into a new asset-backed revolving credit facility with PNC as of Sept. 25, 2009. The agreement provides for up to $30 million in revolving loans which may be used for working capital needs and other items, as stipulated in
Johnson Outdoors Completes New Financing Structure
Johnson Outdoors Inc. has refinanced and restructured the company's debt, thereby reducing estimated 2010 borrowing costs by more than 40% compared with fiscal year 2009…
OIA Board Endorses OR Summer Market Date Shift
The Outdoor Industry Association (OIA) Board of Directors have announced their endorsement and recommendation of a shift of the Outdoor Retailer Summer Market (ORSM) dates from the third week of July to the first week of August in 2010 and beyond…
Golf Rounds Down 1% in August
Golf rounds in the U.S. were down 1.0% for the month of August 2009 compared to August 2008 and are flat on a YTD basis, according to Datatech…
Big 5 Sees Q3 EPS at Top of Range, Comps Ahead 1.6%
Big 5 Sporting Goods Corp. said comparable store sales for the third quarter increased 1.6%. The company now expects earnings per diluted share for the third quarter to be at or near the upper end of its previously issued guidance range of 27 cents to 34
Marketing Director Exits Zoot Sports
Elisette Carlston, Zoot Sports director of marketing, is leaving the company for personal reasons. Founder and CEO Brian Enge will assume a greater role over marketing…
Hat World Acquires Great Plains Sports
Hat World Inc., a subsidiary of Genesco Inc., said its Impact Sports division has acquired Great Plains Sports of St. Paul, MN. Great Plains Sports is a team sporting goods dealer and also operates the sporting goods store, Steichen's Sporting Goods
Interbike’s Overall Attendance Down Slightly, Store Attendees Up
According to preliminary figures, total attendance at the just-concluded Interbike trade show reached more than 22,500, slightly down due to fewer exhibitor personnel. But the number of unique stores represented increased to more than 4,000 and the number
Nautilus to Divest Commercial Assets, Focus on Consumer Through Direct and Retail
Fitness company Nautilus, Inc. said in the future, it will focus its resources on its branded consumer businesses. Accordingly, the company is actively seeking buyers for substantially all of the assets, liabilities and ongoing operations of its commercia
Nike Reports Q1 Sales Fall 12%; Futures Orders Down 6%
Nike, Inc. reported revenues for the first quarter ended Aug. 31 decreased 12% to $4.8 billion from $5.4 billion a year ago. Excluding changes in currency exchange rates, net revenue was down 7% compared to the same period last year…
Nautilus to Divest its Commercial Business
Nautilus, Inc. said it is actively seeking buyers for substantially all of the assets, liabilities and ongoing operations of its commercial business. The fitness company said the move will enable it to focus its resources solely on its branded consumer bu
