Polo Ralph Lauren Acquires Ralph Lauren Footwear from Reebok
Polo Ralph Lauren will purchase Ralph Lauren Footwear Co., Inc., a wholly owned subsidiary of Reebok and Polo's footwear licensee, for a gross purchase price of $110 million, subject to certain closing adjustments. It is expected that the sale will r
Golfsmith Reflects Golf Sector Weakness in First Quarter…
Golfsmith did little to give the market hope for golf specialty retail last week as the retailer posted a 2.8% decrease in total sales to $64.0 million for the fiscal first quarter ended April 3, compared to $65.8 million in the year-ago period. The net
Eddie Bauer Holdings Appoints New Board of Directors
A board of directors has been announced for Eddie Bauer Holdings, Inc., the corporation to be established as the new parent company of the premium retailer Eddie Bauer upon the company's emergence from Chapter 11 reorganization. The announcement was
VF Corp. Shuffles the Deck and Refines Roles…
Mackey J. McDonald, chairman and CEO of VF Corporation announced broad-based organizational changes, with a more streamlined leadership structure designed to support the company's long-term growth plans. Eric Wiseman has been promoted to executive vi
First Quarter Sees Softgoods Vendors Shine…
Acquisitions again played a large role in assisting sporting goods industry Softgoods vendors to post stronger earnings in the first quarter, but Hardgoods vendors as a group took a hit as weakness in the Golf sector and a tougher-than-usual Q1 for the Wi
True Temper Swims Against Golf Tide…
True Temper took a note from our salmon friends, swimming against the golf industry currents as the company posted decent gains for the quarter over last year. Net sales improved 6.3% to $32.1 million from $30.2 million in the year-ago quarter. Gross ma
Dick’s SG Completes Galyans Integration Ahead of Schedule; Shakes Off Weather…
Dick's Sporting Goods, Inc. has completed the conversion, re-merchandising, and grand re-opening of all of the former Galyans stores that will remain in the company portfolio and will start reporting comp store sales for those stores a quarter ahead
Hibbett SG Stays Committed to Brands to Deliver Another Solid Quarter…
Hibbett Sporting Goods reiterated its commitment to brands last week, shrugging off analysts’ suggestions about the opportunity in private label. Why an analyst would want to tinker with this model is a mystery as Hibbett just keeps posting strong perfor
Foot Locker, Inc. Feelin’ More Love from Nike as Marquee Product Boosts U.S. Gains…
Foot Locker expects to see its future outlook improve as increased access to marquee product continues to fuel growth in the U.S. business, particularly at Champs. The DotCom business is coming back and Footaction sales and profits are exceeding expectat
NSGA: Sporting Goods Sales To Reach $50 Billion in 2005
The National Sporting Goods Association (NSGA) reports that retail sales of sporting goods, which reached $48.9 billion in 2004, are expected to grow 2% in 2005. For 2005, sales of athletic and sports equipment, shoes and clothing are forecast to reach $5
Shoe Carnival Q1 Net Up 31% on 5.5% Comp Sales Gain
Shoe Carnival, Inc. reported net earnings for the first quarter ended April 30 increased 31% to $5.9 million, or 45 cents per diluted share, as compared with restated net earnings of $4.5 million, 34 cents per diluted share, in the first quarter ended May
American Capital Invests $19 Million in Confluence-Watermark Deal
American Capital Strategies has invested an additional $19 million into Confluence Holdings to support the acquisition of Watermark. The new investment takes the form of a senior term loan and senior subordinated debt. American Capital's total curren
Save Our Wild Salmon Lobbies in D.C.
Save Our Wild Salmon, a nationwide coalition devoted to restoring the Pacific Northwest wild salmon population,
is just finishing up a Washington D.C. lobby trip this week, which included a number of outdoor industry members. Outdoor industry members Gare
Wolverine Inks Headwear License
Wolverine has inked an agreement with Paramount Apparel International, Inc. to develop and market Wolverine brand headwear for men. Kevin Smith, vice president of Wolverine Brand Licensing at Wolverine World Wide, Inc., said that the search for a strong l
Dick’s Taps Sears for New VP-Real Estate
Douglas W. Walrod has joined Dick's Sporting Goods as Senior Vice President – Real Estate and Development.
Mr. Walrod joins Dick's with 30 years of real estate, development and leasing experience. Most recently Mr. Walrod was with Sears Roebuck
