… As They Halt Japan Putter Knockoffs
Callaway Golf Company said last week that two Japan-based golf club sellers have agreed to immediately cease the sale of their “White Shot New Wave Twin Ball” putter…
Rawlings Investor Bolts as K2 Deal Gets Iffy…
Two interesting developments in the K2 / Rawlings acquisition deal last week. On Monday, K2 Chairman and CEO Richard Heckmann confirmed that Rawlings’ Major League Baseball contract is indeed the stumbling block in the acquisition talks between the two c
Cannondale Asset Sale Completed…
Cannondale completed the Section 363 sale of its assets on Friday, enabling the company to emerge from bankruptcy protection within ‘the next several weeks” following the court's anticipated approval of the auction and the subsequent closing of the
MLB Gives Consent on K2/Rawlings Deal
K2 Inc. announced late Monday that certain consents and approvals related to the proposed merger with Rawlings Sporting Goods Company, Inc. have been obtained, including the consent of Major League Baseball, eliminating a final hurdle for K2's propos
Yue Yuen Sees European Shift As Well…
Yue Yuen Industrial Ltd., a subsidiary of manufacturing powerhouse Pou Chen Corp., saw its revenues rise 31% to $611.5 million in its fiscal first quarter, pointing to acquisitions as a driver of revenue growth…
Oleksyk Takes Top Spot at Pride Golf Products Division
Rick Oleksyk has teed up to take command at Pride Golf Products Division, a Gaithersburg subsidiary of Pride/Softspikes Inc. Formerly known as Softspikes Inc., the manufacturer of plastic golf cleats merged in January with Pride Manufacturing Inc., a Gu
Forzani Fiscal Year Profits Surge 48%…
The Forzani Group said favorable weather patterns are expected to outweigh the issues associated with the outbreak of the conflict in Iraq. FGL announced fiscal 2003 retail system sales, which represent both corporate and franchised stores, increased 20.
Kmart Posts $3.22 Billion Loss for 2002
Kmart Corporation reported total sales for the 52 weeks ended January 29, 2003 totaled $30.76 billion, compared with $36.15 billion in fiscal 2001. On a same-store basis, sales declined 10.1% in fiscal 2002 from the previous year. Kmart reported a net l
G-III Looks to Licensed for Growth…
Stronger Sports Licensed Apparel drove fourth quarter sales and gross margin at G-III Apparel Group while losses widened for the quarter ended January 31, 2003…
Callaway Golf and The NHL Announce Licensing Agreement
Callaway Golf Company announced that it has signed a licensing agreement with the National Hockey League to manufacture and sell golf products bearing the logos of the NHL and its teams. The multiyear agreement applies to Callaway Golf products and putter
Baseball Express Sees Sales Up 17%…
Online and catalog baseball equipment retailer Baseball Express “racked up sales of $40 million in 2002, up 17% from 2001”, according to president, Pat Cowles…
Cannondale Completes Auction of Bicycle and Motorsports Divisions
Cannondale announced the results of separate auctions of its bicycle and motorsports divisions. The auctions for the assets of both divisions were conducted under Section 363 of the United States Bankruptcy Code at the Company's Bethel, Connecticut
Forzani Group 2002 Profits Up 48% on 20% Sales Increase
The Forzani Group Ltd. announced retail system sales (corporate and franchised stores) for the fiscal year ended February 2nd, 2003 increased 20.2% to $1.053 billion compared with $876.4 million for the year ended January 27th, 2002. Net earnings for the
Converse May Delay IPO
Converse has reportedly canceled a conference call to discuss its planned $86 million Initial Public Offering. The IPO has been delayed to “uncertain global conditions” and stock market uncertainties over the start of the war in Iraq…
Nike Looks to Asia and Europe for Growth…
The strategy to reduce its exposure at Foot Locker caused U.S. fiscal Q3 footwear revenues to slip and U.S. footwear futures to be move lower, but Nike says sell-through of Nike footwear remains robust and long-term prospects look promising…
