Russell Acquires AAI in $13mm Deal…
Russell Corporation has inked a deal to acquire the assets of American Athletic, Inc. for $13 million. The move is seen as a nice fit with RML’s recently-acquired Spalding business and offers a complementary hardlines component to the inflatables business
adidas-Salomon Acquires Valley Apparel
adidas-Salomon AG has acquired Valley Apparel Company of Cedar Rapids, Iowa, a producer and distributor of collegiate and professional league apparel and accessories. Terms of the deal were not disclosed, but adidas-Salomon officials described it as “a m
Oxbow to Float Shares to Combat Quik…
TheDeal.com is reporting that French surfwear company Oxbox SA is expected to float an IPO to raise funds to help it combat Quiksilver’s rapid growth in Europe. The company is reportedly expected to raise €12 million to €15 million in the offering. The f
Yue Yuen Sees Margins Tighten in Q2; Athletic Continues to Shrink…
Yue Yuen continued to diversify and reduce its dependence on the U.S. athletic footwear market. The first half of fiscal 2004 proved to be solid for the Hong Kong based manufacturer, with total company sales increasing 1.3% to $1.26 billion from $1.24 bil
Reebok Looking to Pump Again as Holy Grail; Could Use Presence at Retail….
During Reebok Investor Day on June 17th, Reebok management revealed many new initiatives and products slated for debut over the next few months. Jay Margolis, President and COO began the festivities by noting that 2004 is “about the quality of the brand,
China’s Strength Has Many Back Peddling on Year-End Quota Expiration…
The expiration of apparel quotas for WTO member countries at the end of this year is prompting an outcry by members of Congress and a new international coalition of textile and apparel industries and labor associations from 45 countries. The problem is t
K2 Shakes Up the Market with Blockbuster Deals…
In its latest acquisition moves, K2 Inc. has apparently accomplished three key objectives that are critical as the company’s strategy to become the strongest platform of sporting goods brands in the industry. While the deals last week to acquire Volkl Sp
Nordic Walking Has the Potential…
The Nordic Fitness section at ISPO Summer 04 has been billed as one of the “main focal points” and the Nordic Walking Village is the anchor of this section. The sport certainly seems to be growing in the European market, but the many retailers in the U.S.
Phoenix Deal Should Boost Profits…
Phoenix Footwear joined in on the acquisition frenzy last week, announcing that they had inked a definitive agreement to purchase Altama Delta Corporation, which makes high performance combat and tactical boots for U.S. and foreign militaries…
MEC Continues Growth…
Mountain Equipment Co-op has decided to ramp up its expansion plans in the Canadian market and start back-filling key areas. The co-op will be opening one to two stores a year for the foreseeable future and doubling up in existing markets with smaller sto
Vail Posts Record Quarter; Destination Skiers Increase…
Vail Resorts chairman & CEO, Adam Aron was so pleased with his company’s Q3 results that he could hardly contain his excitement during a conference call with analysts. The resort set a new record for Mountain revenue during the quarter in spite of warm we
Booth Creek Struggles, but Stays Strong
Booth Creek Ski Holdings managed to keep its head above water this quarter, in spite of what was described as “very volatile and frustrating weather conditions for the better part of the ski season,” in New Hampshire, and “the balmiest March in 70 years,
Watermark is on the Prowl…
Watermark has decided to consolidate all of its warehousing and shipping through an outside contractor, Patterson Warehousing, based in Memphis Tennessee. The decision will close down Watermark’s two current DC’s in Piedmont, South Carolina and Otay, Cali
Yue Yuen Sees Margins Tighten in Q2; Athletic Continues to Shrink…
Yue Yuen continued to diversify and reduce its dependence on the U.S. athletic footwear market. The first half of fiscal 2004 proved to be solid for the Hong Kong based manufacturer, with total company sales increasing 1.3% to $1.26 billion from $1.24 bil
B.O.S.S. Goes One-On-One with Scott Montgomery…
Scott Montgomery was recently appointed General Manager of Scott USA Bicycle and will lead the effort to bring Scott bicycles to the U.S. market from Europe. He was most recently VP of Marketing for Cannondale. Scott started his career at Cannondale worki
