Cutter & Buck Inc. has announced the resignation of Mike Brownfield from the company's board of directors. In a letter to Cutter & Buck CEO Fran Conley, Brownfield cited the demands of his work schedule and Board and Committee related travel requirem
Month: April 2004
Optimer Promotes Karen Deniz to President of EU Division
Wilmington-based Optimer Performance Fibers has promoted Karen Deniz to president of their European division from vice president of marketing. Deniz will also continue to oversee marketing for Optimer…
Lavin Joins Outside Magazine’s Sales Team
Outside magazine has added Terry Lavin to the sales team as account manager. Terry will join the magazine's New York-based staff and report to the Eastern advertising director, Skip Gilbert…
Filmar Acquires Merkeley
Filmar Corporation executives (manufactures of Bula headwear) signed the final papers for the purchase of Merkley Headgear. Although celebrating its third decade as an authentic brand in the ski resort headwear marketplace, Merkley was recently facing fin
Q1 Sales Jump 15% at VF Corp; Net Income up 13%
VF Corporation announced better than anticipated results for the first quarter. Q1 sales rose 15%, to $1,432.7 million from $1,250.0 million in the prior year's first quarter. Net income increased 13% to $103.9 million from $92.1 million, with earnin
Bite lands LPGA Distribution Deal
Bite Footwear will distribute, through an agreement with Benchmark a.k.a. RMP Athletic, the LPGA’s new apparel line for women. The line bears the LPGA logo and will be available this May…
Brunswick Net Earnings Jump to $48 million; Sales Up 28%
For the quarter ended March 31, 2004, Brunswick Corporation reported a net sales increase of 28 percent to $1,199.6 million, up from $934.5 million a year earlier. Operating earnings rose to $78.5 million compared with $13.0 million in the year-ago quart
VF Corp. to Buy Vans in $396 Million Deal
VF Corporation has signed a definitive merger agreement to acquire Vans, Inc. Vans' sales in fiscal 2003 were $330 million, and the company has indicated that it expects sales of approximately $346 to $349 million in fiscal 2004, which ends May 31.
Insurance Problems Impact Dorel’s EPS
Due to a dispute with one of its insurance carriers over the aggregate amount of insurance available to the Company, Dorel Industries is recording a charge for liability claims in the amount of US$6.5 million pre-tax in the first quarter ended March 31, 2
Torpedo Sports Q2 Loss Doubles as Sales Cut in Half
Torpedo Sports USA reported unaudited net sales of $1,142,044 and $2,625,053 with net losses of $(1,047,243) and $(1,343,886) for the three and six month fiscal periods ended January 31, 2004, respectively. This compares to net sales of $2,410,629 and $5,
Callaway Posts Profit in Ball Operation in Q1; Top-Flite in the Black Already…
Callaway Golf Company saw shares decline 6.7% to close at $18.01 on Friday on a mix of both good news and bad. But the key issue was the company’s shortfall on the earnings per share line — even after stripping away the Top-Flite impact — as ELY missed
New NSGA Report Sees Mostly Declining Participation Numbers…
Last week the SGMA released their top-line participation report (SEW_0416) which showed some considerable gains in fitness activities, relatively flat participation in many team sports, and gave an upbeat outlook for the world of outdoor recreation. This
Acushnet Sees a Stronger Golf Market…
Fortune Brands reported its fourth quarter in the row of top line growth for its Acushnet Golf division, which includes the Titleist, Cobra and FootJoy brands, as first quarter sales increased 20% to $338.9 million from $282.4 million in the year-ago peri
Take a Gander at this IPO…
Gander Mountain came out strong in its Initial Public Offering last week, posting a share price increase of nearly 51% for the week to close at $24.10 on Friday. The IPO was priced at $16 on Wednesday and raised $91.6 million before fees and will clear $
SIA: Specialty Retailers Continue to See Price Deflation…
SIA released its second-to-last retail audit, which measures key product sales at specialty and chain stores through the end of February 2004. Overall sales for the entire winter sport market increased slightly by 1.4% in dollars to $2.06 billion for Aug
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