Galyan’s Closes on New Five-Year Revolver
Galyan's Trading Company, Inc. has closed on a $250 million senior secured bank facility that will mature in April 2008. This new revolving credit facility replaces the previous $160 million revolving credit facility that was to expire on May 3, 2004
Kmart Adds General Counsel
Kmart Corporation announced that Harold W. Lueken will join the Company as Senior Vice President and General Counsel, effective May 12, 2003. Reporting to President and CEO Julian C. Day, Lueken, 41, will be responsible for the Company's Legal and H
Hibbett Stockholders to Offer 2 Million HIBB Shares
Hibbett Sporting Goods, Inc. has filed a prospectus supplement to its shelf registration statement with the Securities and Exchange Commission for a public offering of 1,960,081 shares of its common stock. The offering is being made in connection with a
Vail Resorts Issues Fiscal Year Earnings Warning
Vail Resorts, Inc. announced that, based on its third quarter performance to date, the Company anticipates its financial results will fall below consensus analyst estimates for the quarter ending April 30, 2003 as well as for the 2003 fiscal year. Fiscal
Pacific Sunwear Agrees to Settle Employee Overtime Litigation
Pacific Sunwear of California Inc. has reached an agreement to settle all claims related to two lawsuits concerning overtime pay. The purported class actions allege that the company improperly classified certain California-based employees as “exempt” fro
Sportsman’s Guide Rides Web Sales to Higher Q1 Profits
The Sportsman's Guide, Inc. reported sales for the quarter ended March 31, 2003 increased 5% to $43.7 million and reported net earnings of $957,000, or $0.19 per fully diluted share for the quarter, a 22% increase when compared to the three months en
GBMI Opens European Subsidiary; Appoints New VP
Global Brand Marketing, Inc., owner of Pony International and Dry-shoD, and global footwear licensee for Diesel, XOXO, Nautica and Mecca, has established GBMI Italia S.r.l ., a new subsidiary for its European operations based near Venice, Italy. The new
Woolrich Promotes Kosmatka to Merchandising and Design Director
Woolrich, Inc. has promoted Paula Kosmatka to Director – Merchandising and Design. Kosmatka joined Woolrich in February 2000 as the men’s and women’s outerwear designer. In August of that year, Woolrich named Kosmatka to the position of design director.
Amer Carves Up Wilson; Baugh to Leave
Amer Group will re-organize its Wilson’s businesses in the United States, discontinuing all central administration functions. As a result, Jim Baugh will leave his position as the President of Wilson Sporting Goods Co. and Steve Millea will takeover resp
WHAM-O Acquires Riva Sports
WHAM-O, Inc., the leading manufacturer of innovative outdoor fun products for every season, today announced the acquisition of Riva Sports, Inc., a Rockville, Maryland-based maker of winter recreational products…
Amer Sports Divisions See Double-Digit Q1 Sales Drop
Amer Group’s consolidated net sales for the first quarter 2003 were €283.9 million ($306.6 million) versus €289.4 million in Q1 2002. The Group’s operating profit was flat at €15.3 million ($16.5 million). Geographically, sales were similar to 2002 in E
Value City Amends Q4 Earnings Overstatement
Value City Department Stores, Inc. announced Tuesday that, due to an administrative error, fourth quarter 2002 diluted earnings per share were overstated in a press release dated April 7, 2003 when the Company reported diluted earnings per share of $0.16
Oxford Industries to Acquire Tommy Bahama Parent
Oxford Industries, Inc. has signed a definitive agreement to purchase all of the outstanding capital stock of Viewpoint International, Inc., owner of the Tommy Bahama(R) brand. The transaction is valued at up to $325 million consisting of $240 million in
Acushnet to Close Plant; Announces Layoffs
Acushnet, the Fortune Brands subsidiary that makes Titleist and Pinnacle golf balls and other products, announced last week it will carry out two rounds of layoffs. The company also said it would close a factory in Acushnet, MA…
TaylorMade-adidas Golf Purchases KandM Golf
K&M Golf will relocate to TaylorMade headquarters in Carlsbad and Ma, formerly President of K&M, has joined TaylorMade as Manager of Tour Engineering and Finishing, Putters, and will work directly with Tom Olsavsky, Director of Rossa, and TaylorMade'
