K2 Closes Marmot and Funding Deals…
K2 Inc. has closed its previously announced acquisition of Marmot Mountain Ltd., which was valued at approximately $84 million plus the assumption of debt estimated to be in the $20 million to $24 million range…
Deckers Inks License Deal for Ugg Sportswear
Deckers Outdoor Corporation has entered into a license agreement with David Peyser Sportswear, Inc. for the sale of UGG Australia branded outerwear in the United States. Under the terms of the agreement, David Peyser Sportswear, Inc. will design, manufact
Danner Receives $5.0 Million Military Contract
LaCrosse Footwear's Danner subsidiary received a $5.0 million GSA delivery order to supply boots to the U.S. military. The order will be for the Company's Desert Acadia boot, which is specifically designed to perform in desert combat conditions.
Axcent Sports Adds New Reps
Axcent Sports, the exclusive supplier of Descente Cycle, Run, Triathlon and Fitness apparel in the USA and Canada has added key sales reps in important territories over the last several weeks in preparation for its Spring 2005 product launch. Chris Watson
Trek, Maverick, and Pacific Settle Their Dispute
Maverick American, Pacific Cycle, and Trek Bicycle Corporation have resolved on amicable terms their lawsuits concerning alleged claims of patent infringement. In the lawsuits, Pacific Cycle asserted that Maverick American’s ML7 and Trek’s Klein Palomino
K2 Closes Marmot Deal; Completes Financing Actions
K2 Inc. has closed its previously announced acquisition of Marmot Mountain Ltd. The purchase price was approximately $84 million plus the assumption of debt. Additionally, K2 announced that it has completed several financing transactions to support curre
Datta Picks Up Entrpreneur of Year Award
Killick Datta, Chief Executive Officer of Global Brand Marketing, Inc. received the prestigious 2004 Ernst & Young Entrepreneur Of The Year Award. The award was presented during an evening celebration at the Beverly Hills Hilton, Los Angeles on June 29…
Sears to Test Schwinn Exercise Bikes
The Nautilus Group, Inc. is teaming up with Sears, Roebuck and Co. to begin a test of its Schwinn Fitness brand of cardiovascular equipment at select Sears locations nationwide. Nautilus will test market certain of its Schwinn fitness exercise bikes in 3
adidas Talks Up Football Success in Spite of Nike Advances
Herbert Hainer, CEO of adidas-Salomon AG, said that the EURO 2004 champoionship in Portugal has been the most successful European Championship for the company, both in terms of sales and image. “We have reached or even exceeded all our goals associated w
Watershed Partners with Granger’s
Watershed USA has formed a new division with a wholly owned subsidiary, doing business as Axis Outdoor. Axis Outdoor will be responsible for the distribution, marketing, and brand management of the product side of Watershed’s business. Watershed USA will
Finish Line Sees Itself the “House of Shox”; Strong Q1 Performance Shocks No One…
The Finish Line expects to see the promotional landscape in the mall continue as they enter the Back-to-School period, but is also looking for some upside with the amount of athletic specialty retail real estate that has been taken out of the market and a
Dick’s Sporting Goods Acquires Galyans in Gutsy Move to Expand Faster…
If you were surprised by last Monday evening’s announcement regarding the Dick's Sporting Goods acquisition of Galyan’s Trading Company, you probably have not been reading between the lines (or SEW) for the last six months…
Majestic and Outdoor Cap Ink Team MLB Agreements…
Major League Baseball Properties has reached new five-year licensing agreements for Team MLB, the exclusive new line of Major League Baseball branded institutional baseball uniforms, with Majestic Athletic, Ltd. and Outdoor Cap Co. The new deal was announ
Cabela’s IPO Price Jump Puts an Extra 25% in their Quiver…
When Gander Mountain debuted its IPO in April SEW quipped that the management there should send some flowers to Ed Stack and his team for helping create the impression of a strong opportunity in sporting goods retail stocks. Well, we think the Cabela’s t
Stride Rite Q2 Reverses Poor Q1 Trends; Keds Still a Drag on Business…
Any thoughts that new Keds president Shawn Neville will have much of a honeymoon when he joins Stride Rite Corporation on July 7 were quickly dashed last week as the company pointed to the troubled division as a key culprit in the company’s anemic results
