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
Ross Ups Burlington Bid in Sale Process
Burlington Industries, Inc. announced that the purchase price in its July 25th acquisition agreement with W.L. Ross & Co. LLC had been increased from $608 million to $620.08 million, both subject to various adjustments. The increase resulted from the sale
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
Wolverine to Acquire Sebago; Forms Outdoor Group
Wolverine World Wide has entered into a letter of intent to acquire the business and select net operating assets of Sebago, Inc. for cash. Additional terms were not disclosed. Sebago will be part of a newly formed outdoor group that will include both Me
Golfsmith Acquires Don Sherwood Golf
As part of its national expansion plan, multi-channel retailer Golfsmith International Inc. has announced the acquisition of San Francisco-based Don Sherwood Golf and Tennis World. The terms of the transaction were not disclosed…
Lotto Gives License to Kanematsu Textiles
Lotto Sport Italia will have a new partner for Japan as of January 1st 2004 – Kanematsu Textile Corporation. The licensing contract will have a 3-year duration (01 January 2004 – 31 December 2006) and will be valid throughout Japan…
Johnson Outdoors Fiscal Q3 Income Down 20% on Unusual Charges
Johnson Outdoors reported fiscal third quarter sales were $108.5 million compared with $116.7 million in last year's third quarter, while operating profit was $8.9 million compared with $13.0 million. On a continuing business basis and excluding unu
Reebok Taking Share as U.S. Q2 Brand Sales Surge 14%
Reebok International Ltd. reported net sales for the second quarter increased 12%, or about 7% on a currency-neutral basis, to $803 million. Net income for the quarter was $26 million, or $.41 per diluted share, as compared to net income of $25 million
