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,
Dorel Acquires Pacific Cycles
Dorel Industries Ltd. is adding a significant new leg to
the Company's business by entering the bicycle industry through a major acquisition. The Company has signed a purchase agreement to acquire Wisconsin-based Pacific Cycle…
Oakley Opens O-Store in Chile
Oakley opened the first licensed O Store outside the United States and discussed the company's plans for additional international Oakley retail locations. This latest addition to the company's expanding retail presence opened December 10, 2003 i
Footlocker Ups Guidance on Positive Comps
Matthew D. Serra, President and CEO of Foot Locker provided attendees at The Super Show in Orlando, Florida with a review of the Company's key profitable growth strategies. Mr. Serra also confirmed that the Company expects its fourth quarter comparab
LaSportiva Hires Norman Pitts to Cover Southeast
La Sportiva now has its own Stormin' Norman.
Starting Jan., 2004, Norman Pitts became the company¹s new Southeastern sales rep.
SportsNewsSource Renews Conference Partnership with NSGA…
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
Under Armour Makes Move into Licensed Apparel; Will Double Biz Again in 2004…
After listening to the retail presentations at Financial Day — and Finish Line’s Q3 report — it is clear that Under Armour is more than just the current apparel darling of the sporting goods industry…
Oakley Signs Deal With Orvis
Oakley has entered into a business arrangement with The Orvis Company for the production of eight custom polarized eyewear pieces. The polarized pieces will include the Half-Jacket(r) and Half-Jacket(r) three lens array, two models of Big Square Wire(r),
Oakley Signs Deal With Orvis
Oakley has entered into a business arrangement with The Orvis Company for the production of eight custom polarized eyewear pieces. The polarized pieces will include the Half-Jacket(r) and Half-Jacket(r) three lens array, two models of Big Square Wire(r),
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
66ºNORTH Retains 2 US Ad Firms For US Launch
Two top New York advertising and design firms have been retained by distributor Arctic Edge LLC, Ridgefield, Conn., for the U.S. launch of 66ºNORTH (66northus.com), a 77-year-old outerwear company headquartered in Iceland…
