Skechers Is Up in All the Wrong Places…
Shares of Britney’s favorite brand plunged 21.4% to close at $6.74 on Friday after the fashion footwear company reported sharp declines in sales in the second quarter and a loss of over $2 million compared to profits of over $21 million in the year-ago p
The K2 Model Starts to Bear Fruit as the Company Leverages Production Assets…
The move to acquire and consolidate Rawlings has had its share of skeptics, and the appeal to retailers for an aggregated brand platform has been a question mark, but the folks at K2 Inc. appear to have assembled a nice formula and a strong team for futur
Rollerblade CEO Sees Upside in Tecnica Acquisition, Market Stabilization…
Tecnica would an obvious challenger to K2 Inc.’s mission to become the world’s largest sporting goods brand as they have proven their own ability to capture and consolidate brands that would now seem to give them a slot as one of the top three hardlines c
Callaway Holds On To Lead in Top-Flite Pursuit, But Loses Some Advantage…
The U.S. Bankruptcy Court in Delaware on Wednesday established a process and a timetable for the sale of substantially all the assets of The Top-Flite Golf Company, approving Callaway Golf's initial bid of $125 million to be the “stalking horse” bid
ITF Responds to Old Pros’ Demands…
Francesco Ricci Bitti, president of the International Tennis Federation, responded to a letter circulated at Wimbledon by John Barrett and John McEnroe. The original letter (SEW 0328) claimed that the new school of tennis was becoming “unbalanced and one
Coleman and Fleetwood in License Row…
One report after another came over the newswire concerning Coleman and Fleetwood’s folding R.V. trailer licensing deal. First, Coleman announced they would be terminating their licensing agreement with Fleetwood on May 12th 2003. Next, Fleetwood filed s
Columbia’s Taps Footwear for Q2 Gains…
Columbia Sportswear saw U.S. sales grow just 4.1% in the second quarter, but strength in the footwear category and surging International sales are indicators of an improving overall business that should see the company level out its business across the ca
The North Face Sees Outdoor Insulated from Retail Downturn…
VF Corp., parent company to The North Face, Eastpak and Jansport is looking to its Outdoor Coalition to post any good news for the quarter after VFC reported that earnings shrunk 15.7% to $74.9 million, or 68 cents per share…
Deckers Latest to See Consumer-Direct Opportunity…
Shares of the parent company to Teva, Simple and Ugg hit a new 52-week high on Thursday before settling down to close at $6.92 on Friday, up 2.5% for the week. The surge was in response to a pretty solid second quarter report that saw sales increase 8.8%
Johnson Outdoors Sees Fiscal Q3 Upside From Military Buildup…
Johnson Outdoors shrugged off the potential after-affects of the recall of one of its dive computers and the potential loss of an important military contract in its Outdoor Equipment Group to see shares surge 10.1% for the week to close at $15.52 on Frida
Galyan’s Fills Open COO Role…
The retailer that call itself the “Nordstrom of sporting goods” looked to Bloomingdales instead for a president & COO, a role left vacant since Joel Silverman’s departure in March of last year. Ed Holman was appointed to the post last week after resignin
Specialty quick Hits
Accell Group reported an increase in total sales…AG has already announced that they are negotiating the purchase of the Finland’s, Tunturi, described by AG as the leader in Finland’s bicycle market…Be One Mountain Bikes Gains Independence through lice
Fotoball Suitor Makes Non-Cash Offer to Acuire Firm
Fotoball USA Inc. has received a non-cash offer from a third party for the acquisition of the outstanding shares of Fotoball common stock at a price in excess of their current market price…
Burlington to Accept WL Ross Acquisition Offer
Burlington Industries, Inc. on Friday announced an agreement with WL Ross & Co. LLC by which Ross' $608 million acquisition proposal has been designated the highest and best of several bids received in connection with the sale process approved last M
Amer Group Sees 2003 Operating Profits Off 30-40%; Sales Flat
Amer Group has issued downward guidance for full year 2003, citing continuous weak demand for sports equipment in the USA. The company pointed out golf equipment sales that have been below expectations. Amer Group's net sales for 2003 as a whole are