Corliss Team Acquires The Athletes Foot
The Athlete’s Foot management team has purchased Group Rallye’s interest in The Athlete’s Foot. Robert J. Corliss, a retail industry veteran and president and CEO of The Athlete's Foot, along with members of the senior management team led the acquis
TJX Completes Acquisition of Bob’s Stores
The TJX Companies, Inc. has completed its acquisition of Bob's Stores. TJX has purchased substantially all of the assets of Bob's Stores and its subsidiaries and assumed leases for 31 of Bob's Stores' locations, its office and warehou
GolfGear Announces Resignation Of Suspended CEO
On Dec. 18, 2003, pending completion of an investigation into possible violations of his employment contract and fiduciary duties, Donald A. Anderson tendered his resignation as a member of the Board of Directors of GolfGear International Inc. The follow
Vail Resorts, Intrawest to Divide Assets of Keystone Partnership
Vail Resorts, Inc. announced it has reached an amicable agreement with Intrawest Corporation to divide the remaining developable assets, to jointly liquidate remaining partnership inventory, and ultimately to dissolve the Keystone development partnership
Broder Bros. Lays Out Merged Management Team
Broder Bros., Co. announced the appointment of Vince Tyra as President and CEO, and David Hollister as Senior Vice President and CFO. On December 5, it was announced Allen H. Menard, CEO, resigned for personal reasons. The company also announced Tom Fran
Martin’s Golf and Tennis Superstores Acquired
Golf and Tennis Pro Shop (GTPS) has entered into a letter of intent to acquire the three Martin's Golf and Tennis Superstores located in Myrtle Beach, South Carolina. This transaction is subject to the negotiation and completion of a definitive agree
Fanbuzz to Operate Celtics Online Store
The Boston Celtics has entered into an e-commerce agreement with FanBuzz. As part of the agreement, FanBuzz' services include Web site development, back-end fulfillment and customer care for the private-label Boston Celtics online store at www.celtic
Nike Sees U.S. Strengthening Across the Board…
Nike, Inc. blew past analysts’ EPS estimates for their fiscal second quarter ended November 30, besting the prognosticators by 8% to 11% by posting earnings of 66 cents per diluted share on much better margins, benefits from currency exchange rates and im
Collegiate Pacific to Acquire Kesslers…
Kesslers Team Sports of Richmond, IN, the nation's largest independent team sporting goods distributor with annual revenues exceeding $30 million will join the Collegiate Pacific stable. Terms of the deal, which is expected to close in early 2004, w
Quiksilver Rolls Despite Tough Department Store Business…
Quiksilver, Inc. continued to roll toward their goal of becoming a true global brand as they beat external and internal EPS estimates for the eighth quarter in a row. The company’s march to become the first billion dollar beach/surf lifestyle brand shoul
Callaway Dominates Ashworth Growth …
Ashworth, Inc. reported fiscal fourth quarter net revenue for the company’s domestic segment increased 8.6% to $27.7 million from $25.5 million in the year-ago period. The international segment increased 15.4% to $4.5 million from $3.9 million. Full year
The Free Trade (Dis) Agreements…
Two separate trade agreements have been making news lately, the ten year old North American Trade Agreement and the brand new Central American Free Trade Agreement. Both treaties are said to strip away barriers to trade, eliminate tariffs, open markets, a
K2 Inc. is One Acquisition Away from Billionaire’s Club…
K2 Inc. is forecasting fiscal year 2004 sales of approximately $920 million and earnings per share in the range of 92 cents to 94 cents…
Vail Resorts Hit with Record Verdict…
A jury awarded $17.5 million in compensatory damages to Joette Williams and her deceased husband’s family. The couple suffered from carbon monoxide poisoning in August of 2001 at a Jackson Hole, Wyoming resort owned by Vail Resorts. Joette Williams surviv
Vans Looks to Girl’s Biz for Growth…
Vans was bleeding red ink in fiscal Q2 regardless if they include the troubled skatepark business in their GAAP results or when look at their continuing “base business” that excludes the five skateparks that will close this year. The company appeared to
