Collegiate Pacific to Acquire Dixie Sporting Goods
Collegiate Pacific Inc. has executed a letter of intent to acquire Dixie Sporting Goods – the Nation's largest independent team sports distributor. Kesslers Team Sports – formerly the nation's largest independent team sports distributor – was a
Callaway Buried Under Titanium; Cuts Outlook…
Callaway Golf Company woke up to the reality last week that the market may have passed them by with their Big Bertha series of drivers and that the Top-Flite Golf Company contains some other landmines that will see it continue to be a drag on the bottom l
Quiksilver Raises Guidance on DC Shoes Addition and Strength at Retail…
Quiksilver, Inc. has seen its quarterly sales performance outpace futures bookings so much that the company will cease giving backlog information and instead provide sales estimates by quarter. For instance, the company said that summer bookings growth w
K2 Hits the Trifecta in Winter Sports and Outdoor Acquisitions…
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
New Phoenix Deal Should Boost Bottom Line…
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. Phoenix wi
VF Opens a Second Front in the EU…
In a move that was all but overshadowed by the recent acquisitions made by K2, VF Corp. acquired substantially all of the assets of Kipling, a Belgium lifestyle apparel and pack manufacturer. VF is placing the brand in its Outdoor Coalition under the watc
Nike Addresses Youth Inactivity…
At the HealthierUS Fitness Festival, Nike urged the U.S. education system to add P.E. classes taught by P.E. specialists for at least 30 minutes a day, five days a week, to all American schools. The company claimed that the current PE curriculum is outdat
U.K. Retail Strengthens in May…
The retail market in the U.K. continues to brighten in May according to the most recent report from the British Retail Consortium. Comparable store results rose 3.7% in May and total retail sales reportedly grew 6.5% for the month. The BRC cited clothing
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
