Walden Ads Two New Reps
Walden Kayaks announced that it has hired two experienced sales representatives to the Walden Kayaks team, Don Otey and Ethan Ebersold. Otey will cover the Mid-Atlantic region, while Ebersold is the new western sales representative…
G.I. Joe’s Completes $37.5 Million Revolver Extension
G.I. Joe's Sports and Auto Stores completed a three-year extension of its existing credit agreement, with Wells Fargo Retail Finance, Boston, MA, that will provide up to a $37.5 million revolving facility through 2008. The company plans to use the pr
BOSS Goes One-on-One With Dennis Madsen
Dennis Madsen, REI’s president and CEO, first joined the national retail cooperative in 1950 as a 17 year old. He started with REI on the retail sales floor and the mail order department. Madsen serves on the national board of directors of the Rails-to-T
adidas’ McCool Receives Eight Month Sentence in JFF Fraud Case
The first sentence in the Just for Feet fraud case was handed down on Thursday, with adidas America’s Timothy R. McCool receiving an eight-month sentence and a $10,000 fine. He pleaded guilty in October to conspiracy to submit false statements to the aud
Johnson Family Extends Offer Period to Buy Company
Helen Johnson-Leipold, chairman and CEO of Johnson Outdoors, and Samuel C. Johnson, majority shareholder and director of Johnson Outdoors, are extending for an additional sixty days their February 20, 2004 non-binding proposal to acquire the outstanding p
Lowa Wins Backpacker Editors Choice Award
The editors of Backpacker magazine have just announced to their readers the LOWA Vertex GTX as the recipient of a 2004 Editor’s Choice Award, the most prestigious award in the outdoor industry. The boot features Biomex Protection, a unique technology that
NPD: Teens Are More Value Conscious
According to The NPD Group's latest report, Buying Habits of Teens and Tweens, teens are spending much of their money at value-based stores such as mass merchants, like Wal-Mart and Target, instead of trendy mall retailers. Teens are bargain hunters.
NSGA: Profitability Metrics Slip at Sports Retailers
Most key measures of profitability slipped for
full-line sporting goods stores and specialty sport shops, according to data in the newly released NSGA Cost of Doing Business Survey. The report, published every two years by the National Sporting Goods Asso
Galyan’s Misses Q4 Earnings Forecast; Net Income Falls 40%
Galyan's Trading Company reported net earnings for the fiscal 2003 fourth quarter decreased 40.2% to $10.0 million, or 57 cents per diluted share, compared to $16.7 million, or 98 cents per diluted share, in the year-ago quarter. Diluted EPS fell 41.
Mossimo Appeal Denied; Company Responds
Mossimo announced that the California Supreme Court has denied its appeal in Cherokee vs. Mossimo. The Company had challenged the California Court of Appeal's decision affirming a superior court judgment for Cherokee Inc., relating to a finder's
Footstar Gets GOB Sale Approval; Will Move Direct Biz to NJ
Footstar, Inc. announced Thursday that it is beginning inventory clearance sales at 88 Just For Feet stores and 75 of its 428 Footaction stores. Footstar has appointed Hilco Merchant Resources as liquidation agent. Footstar also now plans to close its t
Nike Fiscal Q3 Net Income Up 61% on 21% Revenue Gain
Nike, Inc. reported revenues for the third quarter ended February 29, 2004 increased 21% to $2.9 billion, versus $2.4 billion for the same period last year. Third quarter net income totaled $200.3 million, or $0.74 per diluted share, compared to $124.7 mi
REI to Open Huntington Beach Store
Recreational Equipment, Inc. (REI), a national retail cooperative providing quality outdoor gear and apparel, today announced plans to open a store in spring of 2005 in Huntington Beach, Calif. The 22,500 square-foot store will serve 45,000 active coopera
Big Agnes Wins Backpacker Editor’s Choice Award
Big Agnes announced that it has won Backpacker Magazine’s Editor’s Choice Award for best new product of 2004. The Editor’s Choice Award is widely considered to be the most prestigious honor in the outdoor industry, and the Insulated Air Core Sleeping Pad
Sierra Designs Takes Home Two Backpacker Editors Choice Awards
Sierra Designs has won two 2004 Editors’ Choice Awards from Backpacker Magazine. These highly sought after awards are given each year by Backpacker editors who spend hundreds of hours on the trail testing gear in the most adverse weather and trail conditi
