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Oshman Sporting Goods Inc

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BUSINESS
April 3, 1999 | Leslie Earnest
Struggling Oshman Sporting Goods Co., which closed its large Supersports store at Irvine Spectrum Pavilion, has filed a lawsuit saying the owner, the Irvine Co., reneged on promises to develop the pavilion into a top-notch center. Instead, the Irvine Co. poured resources into the glitzier Irvine Spectrum Center nearby, leaving the Pavilion "not fully developed" and with few tenants, the suit says. Irvine Co. officials could not be reached for comment. The suit, which accused Irvine Co.
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BUSINESS
April 3, 1999 | Leslie Earnest
Struggling Oshman Sporting Goods Co., which closed its large Supersports store at Irvine Spectrum Pavilion, has filed a lawsuit saying the owner, the Irvine Co., reneged on promises to develop the pavilion into a top-notch center. Instead, the Irvine Co. poured resources into the glitzier Irvine Spectrum Center nearby, leaving the Pavilion "not fully developed" and with few tenants, the suit says. Irvine Co. officials could not be reached for comment. The suit, which accused Irvine Co.
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BUSINESS
June 20, 1989
Oshman's Sporting Goods Inc., Houston, has named Alvin N. Lubetkin, vice chairman and chief executive, to the additional position of president.
CALIFORNIA | LOCAL
November 17, 1990
Oshman's Sporting Goods Inc., a retailer of sporting goods equipment, has agreed to pay $175,000 in civil penalties stemming from the district attorney's accusation that its stores engaged in unfair business practices by falsely advertising items for sale. The district attorney's complaint, filed in Santa Ana, alleged that Oshman's would advertise that items were offered "on sale" or "reduced," when in fact the price charged was the retailer's regular price.
BUSINESS
December 28, 1993 | From Times Staff and Wire Reports
Oshman's Sporting Goods Inc. said it expects to report a fourth-quarter loss due to the cost of closing 33 retail stores. . . . The J. Paul Getty Trust plans to enter the credit markets for the first time with the sale of $110 million in tax-exempt certificates to fund a new museum in Malibu. . . . Host Marriott Corp., the real estate company created when Marriott Corp. split into two companies in October, said it will issue about $150 million in new stock so it can buy more hotels. . . .
BUSINESS
January 31, 1991 | CRISTINA LEE, TIMES STAFF WRITER
Hurt by a slowing economy and tough competition in the retail market, Houston-based Oshman's Sporting Goods Inc. is laying off 60 employees at its Santa Ana office and consolidating its two main divisions in California and Texas at its Houston headquarters, company officials said. The layoff, affecting more than half of the company's 117 employees in Santa Ana, will occur in the next two to four months, said Alvin Lubetkin, Oshman's chief executive.
BUSINESS
October 9, 1997 | DEBORA VRANA, TIMES STAFF WRITER
One of the original founders of Big 5 Sporting Goods stores 42 years ago is expected to announce today that he and his son will acquire a majority stake in the company for about $250 million. Robert W. Miller and his son, Steven G. Miller, will buy the region's largest sporting goods chain from Leonard Green & Partners, a Los Angeles buyout firm that has owned Big 5 since 1992.
BUSINESS
March 16, 1999 | MELINDA FULMER, TIMES STAFF WRITER
Oshman's Sporting Goods Inc. said Monday that it may close more than a third of its 11 California stores to cut costs, another sign of hard times in the sporting goods business. Oshman's announcement came as the Houston-based retailer reported a loss of $1.6 million for its fiscal fourth quarter and a loss of $2.1 million for the fiscal year ended Jan. 30. It earned $5.6 million in the same quarter of 1997 and $2.4 million for fiscal 1997.
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