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Sports Authority Inc

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BUSINESS
May 8, 1998 | From Reuters
Woolworth Corp. said it agreed to buy Sports Authority Inc. in a deal valued at $849 million in stock and debt, adding the largest sporting goods retailer to its Champs and Foot Locker chains. Fort Lauderdale, Fla.-based Sports Authority has 202 stores. Holders of Sports Authority common stock would receive 0.8 share of Woolworth common stock for each of its own shares. New York-based Woolworth, to be renamed Venator Group Inc., is trying to shed its five-and-dime image.
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BUSINESS
December 10, 2013 | By Stuart Pfeifer
Fifth & Pacific Companies Inc. has agreed to sell Lucky Brand Jeans to Los Angeles private-equity firm Leonard Green & Partners for $225 million, the companies announced Tuesday. William L. McComb, Fifth & Pacific's chief executive, said the Lucky sale is part of the company's plan to focus on its Kate Spade brand. The company recently sold itsĀ  Juicy Couture line. "It is truly an historic day at Fifth & Pacific Companies -- a return to our roots as a mono-brand company," McComb said in a statement.
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BUSINESS
September 11, 1998 | Reuters
Retailer Venator Group Inc. said it is terminating its merger agreement with leading sporting goods retailer Sports Authority Inc. because of market conditions. New York-based Venator had reiterated its intention to buy Sports Authority on Aug. 20 despite disappointing earnings and a stock price below the $20.50-per-share "walkaway" price specified in the deal. Under the walkaway provision, shareholders could opt out of the deal if Venator's stock price was less than $20.
BUSINESS
January 24, 2006 | Abigail Goldman, Times Staff Writer
Los Angeles buyout firm Leonard Green & Partners said Monday that it would return to the sporting goods business by acquiring Sports Authority Inc. for about $1.3 billion. An affiliate of Green's firm that includes some of Sports Authority's senior managers agreed to pay $37.25 a share, a 20% premium over Friday's closing stock price. The agreement sent the company's shares up $5.65, or 18%, to $36.70.
BUSINESS
August 12, 1998 | Bloomberg News
Sports Authority Inc. rejected the $445.2-million bid for a 70% stake made by Gart Sports Co., its smaller rival that's controlled by Leonard Green, a keen investor in troubled companies. The nation's largest sports retailer said the price was unacceptable and said it was concerned about whether Denver-based Gart could finance its bid. Officials at Gart weren't immediately available for comment. Sports Authority said it also may shelve an agreement for Venator Group Inc.
BUSINESS
December 10, 2013 | By Stuart Pfeifer
Fifth & Pacific Companies Inc. has agreed to sell Lucky Brand Jeans to Los Angeles private-equity firm Leonard Green & Partners for $225 million, the companies announced Tuesday. William L. McComb, Fifth & Pacific's chief executive, said the Lucky sale is part of the company's plan to focus on its Kate Spade brand. The company recently sold itsĀ  Juicy Couture line. "It is truly an historic day at Fifth & Pacific Companies -- a return to our roots as a mono-brand company," McComb said in a statement.
BUSINESS
January 24, 2006 | Abigail Goldman, Times Staff Writer
Los Angeles buyout firm Leonard Green & Partners said Monday that it would return to the sporting goods business by acquiring Sports Authority Inc. for about $1.3 billion. An affiliate of Green's firm that includes some of Sports Authority's senior managers agreed to pay $37.25 a share, a 20% premium over Friday's closing stock price. The agreement sent the company's shares up $5.65, or 18%, to $36.70.
BUSINESS
October 7, 1998 | From Bloomberg News
Sports Authority Inc., the largest U.S. sporting goods chain, said it will have a wider-than-expected loss in the latest quarter because of weak sales and that it will close 18 unprofitable stores after the holiday season. Separately, office supplies retailer OfficeMax Inc. said its earnings will miss forecasts in the fiscal third and fourth quarters because of falling prices and slowing demand for personal computers and fax machines.
BUSINESS
February 26, 2003 | From Associated Press
Eighteen national retailers have agreed to replace customers' lost, stolen or damaged gift cards, New York Atty. Gen. Eliot Spitzer said. The policy change mimics one put in place by home improvement giant Home Depot Inc. last spring, after two New York residents complained to Spitzer's office that the Atlanta-based company refused to replace their lost cards. Retailers agreeing to the reforms include Best Buy Co., Bloomingdale's, Borders Books & Music, Circuit City Stores Inc.
BUSINESS
October 7, 1998 | From Bloomberg News
Sports Authority Inc., the largest U.S. sporting goods chain, said it will have a wider-than-expected loss in the latest quarter because of weak sales and that it will close 18 unprofitable stores after the holiday season. Separately, office supplies retailer OfficeMax Inc. said its earnings will miss forecasts in the fiscal third and fourth quarters because of falling prices and slowing demand for personal computers and fax machines.
BUSINESS
September 11, 1998 | Reuters
Retailer Venator Group Inc. said it is terminating its merger agreement with leading sporting goods retailer Sports Authority Inc. because of market conditions. New York-based Venator had reiterated its intention to buy Sports Authority on Aug. 20 despite disappointing earnings and a stock price below the $20.50-per-share "walkaway" price specified in the deal. Under the walkaway provision, shareholders could opt out of the deal if Venator's stock price was less than $20.
BUSINESS
August 12, 1998 | Bloomberg News
Sports Authority Inc. rejected the $445.2-million bid for a 70% stake made by Gart Sports Co., its smaller rival that's controlled by Leonard Green, a keen investor in troubled companies. The nation's largest sports retailer said the price was unacceptable and said it was concerned about whether Denver-based Gart could finance its bid. Officials at Gart weren't immediately available for comment. Sports Authority said it also may shelve an agreement for Venator Group Inc.
BUSINESS
May 8, 1998 | From Reuters
Woolworth Corp. said it agreed to buy Sports Authority Inc. in a deal valued at $849 million in stock and debt, adding the largest sporting goods retailer to its Champs and Foot Locker chains. Fort Lauderdale, Fla.-based Sports Authority has 202 stores. Holders of Sports Authority common stock would receive 0.8 share of Woolworth common stock for each of its own shares. New York-based Woolworth, to be renamed Venator Group Inc., is trying to shed its five-and-dime image.
BUSINESS
March 29, 2001
* Sports Authority Inc. reported fourth-quarter earnings of $13 million, or 38 cents a share, contrasted with a loss of $2.2 million, or 6 cents a share, and a penny better than analysts' estimates, as it held the line on expenses. Sales declined 0.7% to $420.3 million. But the sporting goods retailer said slower consumer spending will result in lower sales and flat profit for the first half of the year. * * Lockheed Martin Corp.'
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