SGB Update

Genesco Puts a Lid on Mall Presence…

Genesco Inc., parent company of the Journeys, Underground Station and Johnston & Murphy shoe chains, has acquired Hat World Corporation, parent of the Hat World and Lids headwear chains, in a deal worth $165 million, “subject to adjustment for changes in

Cornerstone Flips True Temper…

Cornerstone Equity Investors will sell its investment in True Temper Corporation to company management and Gilbert Global Equity Partners and “related entities” in a deal that is expected to close “within the next 90 days”…

Nautilus Doubles Warranty Period…

Shortly after recalling 420,000 of their Bowflex machines (see SEW_0405) Nautilus has decided to extend the warranty on all of the “Bowflex Power Pro” machines from five years to ten. In connection with the recall, the CPSC said that there were “59 back,

JFF Probe Claims Two More Execs…

Tom Shine, currently Reebok’s SVP for Sports & Entertainment Marketing, is the latest to plead guilty in the federal probe of Just for Feet. The incident occurred when Shine was president of Logo Athletic, which filed for bankruptcy in 2000 and was acquir

SIA Attendance Up 1.3%

The SIA.04 SnowSports Show wrapped up Thursday, January 29, at Mandalay Bay Convention Center in Las Vegas, and the phrase unanimously echoed throughout the hall was, “the best show in years”. Celebrating its 50th anniversary this season, SnowSports Indus

TimBuk2 Lands Canadian Distributor

Timbuk2 Designs announced a new relationship with Canadian distributor: Vézar and Associates. Vézar will have the exclusive rights to distribute Timbuk2 products in Canada beginning January 1, 2004…

Rawlings and LiquidMetal in Baseball Equipment Deal

Liquidmetal Technologies, Inc. and Rawlings Sporting Goods Company, a subsidiary of K2 Inc., have signed a new, multi-year exclusive agreement to develop the next standard in high-performance baseball equipment utilizing Liquidmetal alloys. This new pact

Bite Becomes Exclusive Distributor of Superfeet in Golf

Bite Footwear obtained an agreement with Superfeet to be the exclusive distributor of Superfeet insoles to the United States golf industry. The relationship between the two companies is a natural fit: both Bite and Superfeet focus on developing functional

Stonewear Designs Launches Yoga Ambassador Program

Stonewear Designs has launched a Yoga Ambassador program to help support the popularity they already enjoy among yoga enthusiasts. The goal of the Yoga Ambassadors program is to build a small corps of yoga instructors to be an auxiliary force to Stonewear

Bending Branches Paddle Shows 87% Growth

Paddles are flowing out of the Bending Branches Paddle manufacturing facility in Osceola, WI. After launching a complete line of compression and injection-molded composite kayak paddles at the 2002 Outdoor Retailer show, dealer response was so good that t

Kestrel Fields Cycling Team

Kestrel Bicycles USA announces that
it has signed on as the official bike supplier to the new Red Edge Cycling
Team…

Amer Group 2003 Profits Down 5.5% on Flat Sales

Amer Group's net sales in 2003 were up 0.2% to €1,104.4 million ($1.25 bn) compared to €1,101.9 million ($1.04 bn) in 2002. Excluding foreign currency exchange rates, sales would have increased 9.6%. Excluding both the Precor gain and the FX rate l

K-Swiss Q4 EPS Jumps 92% on 51% Sales Increase; Backlog Up 33.5%

K-Swiss reported net earnings increased 81.4% to $8.7 million, or $0.23 per diluted share, compared with $.8 million, or $0.12 per diluted share, in the prior-year period. EPS jumped 91.7%. Total Q4 worldwide revenues increased 51.2% to $80.4 million com