Dick’s Completes Galyans Acquisition
Dick's Sporting Goods, Inc. has completed its acquisition of Galyan's Trading Company, Inc. by merger. Dick's had earlier announced the successful completion of its tender offer for all of the issued and outstanding shares of the common st
Brunswick Ups Guidance After Stellar Q2 Report
Brunswick Corporation reported that net earnings increased 68.0% to $90.1 million, or 93 cents per diluted share, for the second quarter, compared with net earnings of $53.6 million, or 59 cents per diluted share, for the year-ago quarter. Net sales incr
Target Corp. Sells Mervyn’s to Investment Group
Target Corporation has reached definitive agreements to sell its Mervyn's business unit to an investment consortium for approximately $1.65 billion in cash. In 2003, Mervyn's generated $3.6 billion in revenue and $160 million in pretax segment
Foot Locker Added to SandP MidCap 400 Index
Foot Locker Inc. will be added to the S&P MidCap 400 after the close of trading on Friday, July 30. Foot Locker will replace Oxford Health Plans Inc., which was removed from the Index after the close of trading on July 29. Oxford Health Plans is being acq
K-Swiss Sees Q2 Sales Decrease but Beats Earnings Estimate
K-Swiss reported that total worldwide revenues decreased 3.3% to $107.9 million for the second quarter of 2004 compared with $111.6 million in the prior-year period. Domestic revenues decreased 9.7% to $88.5 million in the Q2 and international revenues in
SIA and CDC Sign New Alliance
SnowSports Industries America (SIA) and the US Department of Health and Human Services’ Center for Disease Control and Prevention have inked a new partnership to promote snow sports among kids aged 9-13 through the powerful national VERB™ campaign…
Garmin Second Quarter Sales Jump 32%
Garmin revenue for the quarter increased 32% to $189.7 million from $143.5 million in the year-ago quarter. Net income was $56.3 million, or $0.52 diluted earnings per share, compared to $47.2 million or $0.43 diluted earnings per share in the year-ago q
Russell Signs Deal with Mid-Eastern Athletic Conference
Russell has signed an agreement with the Mid-Eastern Athletic Conference to supply athletic apparel, team uniforms, balls and sports equipment to nine teams in the southeast. The company announced in April it had signed agreements with the Southwestern At
Collegiate Pacific Awarded 5-Year GSA Contract
Collegiate Pacific has been issued a five year contract by the General Services Administration to supply sports equipment to military and federal agencies worldwide. It is estimated that the GSA agencies spend over $100 million annually on sports and recr
Sugoi Inks Deal with Jeff2 Sporting Goods Agency
Sugoi has hired the Jeff2 Sporting Goods Sales Agency for the Greater Los Angeles area north to San Luis Obispo. Jeff Anderson and Jeff Darby, the principals of the agency, have over 20 years of professional sales experience and a total of over 40 years i
Timberland Launches ‘Community Builders Tour’
The Timberland Company will kick off a grassroots tour of U.S. cities that is designed to unite local residents, community organizations, key corporations, and select retailers around the concept of empowering the community through service. Designed to c
Cabela’s Income Falls 35%; Top Line Grows 11.3%
Cabela's total revenue for the second quarter of fiscal 2004 increased 11.3% to $279.1 million compared to $250.8 million for the same period last year. Second quarter net income was $2.0 million, or 3 cents per diluted share, compared to $3.1 millio
Cabela’s Appoints Mark and Gottschalk to Board of Directors
Cabela's has appointed Reuben Mark and John Gottschalk to the company's Board of Directors. In addition to the other duties and committee assignments in their capacity as Directors, it is anticipated that Mr. Mark will serve as Chair of the Nomi
GSI Commerce Revenues Climb 28%; Bottom Line Still in the Red
GSI Commerce increased its net revenues 28% to $64.7 million and reported a net loss of $3.1 million, or 8 cents per share, decreasing the company's net loss by $631,000, or 2 cents per share, compared to last year's second fiscal quarter. Net m
Unifi Will Close All European Production Facilities; New Focus on Distribution
Unifi's European operations will focus solely on the sales, distribution and service of textured yarn. The remaining manufacturing activities of the Company's Unifi Textured Yarns Europe division, which are based in Letterkenny, Ireland, will be
