SGB Update Sports & Fitness
Jarden to Offer $250 Million in Notes
Jarden Corp., the parent of Coleman, K2, Rawlings, Marmot and other outdoor brands, said it will offer $250 million in notes and use proceeds to pay off part of its senior credit facility term loans. Jarden said the senior unsecured notes would be guarant
Maturing Performance Apparel Sees Gains Moderate
Performance apparel has been the darling of the sporting goods apparel business over the last few years, netting strong double-digit gains that have masked weakness in many other areas of the apparel market. The categories that make up the performance se
West 49 Warns of Bank Covenant Problems
West 49 Inc. reported its fourth-quarter loss widened to Canadian $8.5 million ($6.9 million) from C$1.2 million ($968,000) a year earlier, and warned that it was in violation of one of its bank covenants at the quarter's close. The action sports cha
Jarden Outdoor Sees Heavy Currency Impact in Q1
Jarden Corp. reported that first quarter net sales for its Outdoor Solutions segment, which includes the Coleman, Pure Fishing, K2 Sports, Marmot and Rawlings businesses, fell 10.2% in the first quarter, historically the division’s largest quarter. Four o
Specialized Recalls Bicycles
Specialized Bicycle Components Inc., in cooperation with the U.S. Consumer Product Safety Commission, has announced two voluntary recalls of bicycles. Consumers are being advised to stop using recalled products immediately unless otherwise instructed…
Columbia Sees Tough Q1, but Exceeds Guidance
Columbia Sportswear has been cited recently by a number of outdoor specialty accounts as a brand that will get more attention this year, but the company has yet to see any real reversal of fortunes in the U.S. market as weakness in the company’s much larg
Hyde Joins Cerf Bros. Bag as VP of Sales
Cerf Brothers Bag Company, a 94-year-old manufacturer of packs, luggage and bags for the outdoor industry, has named industry veteran Ron Hyde as vice president of sales, said Brian Spanel, chief executive officer…
Adidas India to Open 200 Stores by Year’s End
Adidas India plans to open 200 outlets before year's end, reports indiaretailing.com. The stores will be located in a range of markets, from high to low tier cities. According to the report, adidas India presently has over 450 stores, 130 of which ar
Mainland Headwear/New Era to Host Supply Chain Symposium in China
Mainland Headwear Holdings Limited and New Era Cap Company, Inc. have jointly organized a two-day symposium in Shenzhen, “Benefits of Supply Chain Partnerships,” focused on achieving greater impact and sustainability in supply chain labor compliance throu
Steve Madden Raises Full Year 2009 Guidance
Steve Madden expects net sales for the first quarter 2009 to be between $106 million and $107 million. This compares to net sales of $100.5 million for the first quarter of 2008. EPS for the first quarter of 2009 is expected to be in the range of 35 cents
Hat World Paid $6.4 Million for Team Dealer
Hat World acquired the assets of Impact Sports, a dealer of branded athletic and team products for college and high school teams, for a purchase price of $5.1 million plus assumed debt of $1.3 million funded from borrowings under the credit facility, acco
Fiskars Outdoor Hires VP, Commercial Sales
Fiskars Outdoor – Americas, the parent of Gerber and Brunton, said Keith E. Paxton had joined their team as the Vice-President of Commercial Sales, effective March 2009. Paxton's responsibilities include leadership of the American Sales Team, market
Second Largest Mall Operator Lands in Bankruptcy Court
General Growth Properties Inc. filed the biggest real estate bankruptcy in U.S. history last week after amassing $27 billion in debt during an acquisition spree that turned it into the second-largest shopping mall owner in the U.S. The company listed $29.
Jarden Corp. Sees Q1 Above Wall Street Forecasts
Jarden Corp., the parent company of Coleman, K2, Marmot, Volkl and other outdoor brands, said it expects revenue for the first quarter of 2009 to be approximately $1.14 billion as compared to $1.22 billion in the prior year period…
Russell Athletic to Close Alex City Plant
Russell Athletic plans to close a woven plant in Alexander City, GA, on July 1. About 250 jobs are affected. Rick Medlin, executive vice president of manufacturing, said the closing is related to the general economic downturn…
