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Against All Odds Files for Chapter 11 Protection
Against All Odds USA Inc., the operator of urban apparel and footwear stores, has filed for Chapter 11 bankruptcy protection. In documents filed in U.S. Bankruptcy Court in Newark, NJ attained by SportsOneSource, the company listed assets of more than $36 million and liabilities of more than $26 million...(1/5/2009)
Acushnet Vows to Press Ahead with Appeals to Pro V1 Ruling
Acushnet Company, the golf business of Fortune Brands, Inc., announced that it will move forward with the appeals process following denial of its request for a stay of an injunction regarding certain Titleist Pro V1 golf balls...(1/5/2009)
ComScore: Sport & Fitness Leads Online Growth
Although overall online sales tracked by comScore Inc. fell 3% this past holiday season, sales of sports & fitness jumped 18%. The web-tracking firm said the gains were led by "consumers’ focus on health and fitness and their growing confidence in buying high-priced treadmills, elliptical equipment and other items online."...(1/5/2009)
Golf Rounds Played Continues to Drop in November
The Golf Datatech National Golf Rounds played showed that in most regions, golf rounds played continue to rapidly fall. According to the report, national golf rounds played in the U.S. were down 6.7% in November 2008 vs. November 2007, bringing the year-to-date total to a decrease of 1.6% from last year’s overall results...(1/5/2009)
Jim Boeheim to Speak at NSGA Conference
The NSGA announced that basketball-coaching legend Jim Boeheim, head coach of Syracuse University’s men’s team, will speak at its upcoming conference. Other speakers include Dan Clark, best selling author and internationally known speaker, and Syracuse alumnus, former Baltimore Colts Pro Bowl defensive lineman Joe Ehrmann. The 45th Annual Management Conference & 11th Annual Team Dealer Summit will be held May 3-6, 2009 at the Westin La Cantera Resort in San Antonio, TX...(1/5/2009)
Vantage Apparel Partners with Greg Norman Collection
Greg Norman Collection has entered into a licensing agreement with Vantage Apparel to sell and distribute GNC apparel into the corporate sales channel. Product design, sourcing, quality control and related matters will continue to be overseen by Greg Norman Collection. Additionally, the existing sales force will remain intact...(1/5/2009)
Management Shakeup at JJB Sports
JJB Sports, the struggling U.K. sporting goods chain, has named David Jones, the former chief executive of U.K. fashion chain Next, as executive chairman. Peter Williams, the former chief executive of the Selfridges U.K. department store, has also been appointed executive director with responsibility for the group’s strategic development...(1/2/2009)
Johnson Outdoors Amends Debt Agreement
Johnson Outdoors Inc. completed an amendment to its existing debt agreements. Among other items, the amendment provides for greater flexibility with respect to financial metric covenants through the end of the company's 2009 fiscal year...
(1/2/2009)
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