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Also in this issue:
SEPTEMBER 19, 2005 --
Bobby Patrick, 72, head rep of the Bobby Patrick & Associates agency since '77, passed away after suffering a heart attack on September 8, while on the road in Santa Fe, NM. Patrick had been a recipient of the Sporting Goods Agents Association Lifetime Sales Achievement Award in '02. He started in the sporting industry in the 60's, going from coaching to retailer to independent agent. Patrick is survived by his wife of 44 years, Kay, mother Pauline, a sister, two daughters and son Allen, who presently runs the Patrick agency, as well as nine grandchildren, three great grandchildren and various respective in-laws. Memorials may be made to a scholarship fund set up in Bobby Patrick's name at Texas Tech University and tributes to the family can be sent to the agency's address at P.O. Box 9147, Wichita Falls, TX 76308.
TJX Companies will take an $8 million charge this quarter, or 1¢ per share, to pay severance and compensation benefits for Edmond English, its CEO who resigned last week. English,TJX when he turns 55. The remaining amount represents benefits due English not previously accrued by TJX.
Datrek Miller International announced that Patrick Fox has resigned as its CFO to pursue personal interests. The company's management has commenced the process of searching for and screening candidates for a replacement CFO.
Reebok will play an integral role in ESPN's new reality television series "Bound for Glory" starring NFL legend Dick Butkus. Debuting on Tuesday, September 20, at 10:00 p.m. EST, "Bound for Glory" will be a true-life show depicting the daily struggle of the McKees Rocks, Pennsylvania Montour High School football team's attempt to win the championship. In addition to a range of 0:30 Reebok spots that will run during the program each week, the brand will launch an exclusive Montour High School apparel collection especially for fans of the show at select Dick's Sporting Goods stores throughout the U.S. beginning on September 13. Top Reebok endorsed NFL players will also make guest appearances on the series.
The North Face opened a second Pacific Northwest store, its ninth freestanding retail location. It opened at 1202 NW Davis Street, Portland. Continuing the brand's strategic expansion into key markets, the 4,200-square-foot store encompasses a clean, industrial feel reflecting that of the awarding-winning design of The North Face headquarters.
An employee at the Gart Sports branch in Billings, MT, has been accused together with another man with stealing $20,000 of merchandise and selling it on an auction site. The former employee pleaded not guilty to the charges and was allowed to remain free without bond pending trial. Prosecutors said the employee was confronted last month by store security about the missing merchandise. Prosecutors accused the employee of using the store's Federal Express account to mail the items sold on the auction site.
Merriman Curhan Ford upgraded Nautilus to buy from neutral.
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