SRAM to Acquire Avid
SRAM Corporation has signed a Letter of Intent to purchase Avid LLC. This acquisition furthers SRAM’s goal of providing a full component group to the bike industry. SRAM and Avid are currently in the final phase of due diligence, with the closing expected
Precor Acquires Fitness Products International
Amer Group's Precor division has acquired Fitness Products International, a privately held company with executive offices and manufacturing facilities in Sun Valley, just north of Los Angeles. FPI serves the commercial fitness market with a range of
Everlast Restructures Series A Preferred Stock Minimum Redemptions
Everlast Worldwide Inc. announced that it has entered into an agreement with its Principal Preferred Stockholder, modifying its annual minimum redemptions. Under the terms of the agreement, in lieu of a cash payment for the redemption of a portion of the
Sportsman’s Guide to Beat Consensus Estimates for Q4 and Year
The Sportsman's Guide, Inc. expects to report total sales of $71 to $72 million and earnings per share of $0.70 to $0.72 for its fourth quarter ended December 31, 2003. This would compare to fourth quarter 2002 results of $66.3 million in sales and e
NRF Projects 5.0% Retail Growth in 2004
Following a year of bumpy growth, the economy is poised for consistent gains in 2004. The National Retail Federation released its 2004 forecast, predicting that GAFS sales will increase 5.0% from last year. According to its Retail Sales Outlook Report,
SportsNewsSource and NSGA Renew Conference Partnership
SportsNewsSource LLC, which publishes several electronic and printed sporting goods industry newsletters, has renewed its partnership with the National Sporting Goods Association as the Official Conference Daily Newsletter for the 40th Annual NSGA Managem
Retailers Win the Waiting Game with Consumers…
Retailers played a waiting game with consumers in December and ended up having the best Holiday season in four years as a result. Thanks to tighter inventories, few retailers panicked and went into hyper markdown mode early as in seasons past…
No Whitewash Here; Finish Line Back in Black and Sees a Shift to Color in Footwear…
The Finish Line is showing no sign that their white hot trend is slowing after posting another blockbuster sales quarter and strong operational performance that catapulted the retailer into the black for Q3 ended November 29, 2003. FINL is also pointing
Footstar Shareholder Stirs the Pot…
Footstar Inc.’s second largest shareholder, Chapman Capital LLC , which holds a 7.1% stake in the parent company to Footaction , Just for Feet and Meldisco, filed papers last week with the Securities and Exchange Commission that called for the resignation
Nike Sued Over Use of Stickman…
Nike, Inc. is under legal assault once again, this time through a lawsuit filed by a cartoonist in China that claims the company infringed the copyright of one of his characters in a global marketing campaign.
Forzani Probed Over Ad Practices…
Forzani Group Ltd. on Thursday confirmed that Canada’s Competition Bureau is commencing an investigation into the advertising practices of the Canada-based parent of the Sport Chek, Coast Mountain Sports and Sport Mart retail chains…
Airwalk Picks Up New Apparel Licensee…
Total Sports Distribution Inc., a subsidiary of Bluetorch Inc., has announced that it has signed a letter-of-intent with new Airwalk brand parent, Collective Licensing International LLC, to license the Airwalk name for apparel in the U.S. market. The comp
Kellwood Gets “Phat” with Urban Plans…
Kellwood is getting “Phat” after the company reported that it will acquire Russell Simmons’ Phat Fashions LLC in a deal that is reportedly worth $140 million in cash plus earnouts and additional incentives…
Malden Now a Political Focal Point…
After a barrage of lobbying from several politicians from both parties, the U.S. Export-Import Bank has agreed to the full $35 million in loan guarantees that former Malden Mills CEO Allan Feuerstein needed to secure funding to regain control of his compa
Kayser Roth Streamlines for ‘04
After four years of addressing operational efficiency issues, Kayser-Roth has completed an integration of its department/specialty store group with their food/drug/mass group. The company believes streamlining these functions will allow it to match or bea
