Asics Q1 Rides non-Japan Gains…
For the first quarter ending June 30, Asics Corp. saw net sales increase 21.3% to ¥51.7 billion ($452.8 million) from ¥42.6 billion ($396.5 million) last year. Gross margin for the company improved 280 basis points to 45.8% of net sales from 43.0% during
New Balance Acquires Brine…
New Balance has acquired Brine, Inc. for an undisclosed amount. Jim Davis, Chairman and CEO for New Balance said that the acquisition will allow the company to broaden its product offering on a global scale. This will also give New Balance a much larger f
NFL Adds to Footwear Suppliers…
Early last week, the NFL named Under Armour as an authorized supplier of footwear, enabling the brand to supply NFL players with branded footwear for use during games. In addition, the company may use NFL and club logos to promote its footwear products.
Sweden Leads Group to Reject EU Footwear Duties…
Thirteen European countries, led by Sweden, vetoed legislation that would place five years of anti-dumping duties on leather footwear produced in China and Vietnam. Unless other legislation is passed, this will now cause the current duties, designed to pr
Danner Lands U.S. Marine Boot Contact…
LaCrosse Footwear’s Danner subsidiary has been awarded an indefinite delivery/indefinite quantity contract to produce the Mountain Cold Weather Boot designed for the U.S. Marine Corps. The contract could span up to five years and anywhere between 500 and
Nike Extends NFL Footwear Agreement
The National Football League has extended its agreement with Nike for the sporting goods giant to continue as an authorized supplier of NFL footwear. An NFL partner since 1995, Nike will continue to supply NFL players with branded footwear for use in game
Pacific Sunwear Sees Income Drop in Q2
Pacific Sunwear of California, Inc. reported total sales for the second quarter of $313.7 million, an increase of 1.5% from $309.1 million last year. Second quarter net earnings were 14 cents per diluted share, down from 28 cents per share last year. Net
Cabela’s Accounting Review Sees No Top or Bottom Line Changes
Cabela's review of its prior accounting policies did not impact the Company's revenue, net income, total assets, stockholders' equity, or earnings per share for any prior periods. However, it did impact the company's statements of cash
Li and Fung First Half Earnings Out-Pace Sales
For the first half of 2006, profit attributable to shareholders reached HK$764 million ($98.5 million), an increase of 24% over the same period in 2005. The Group’s turnover increased by 19% to HK$28 billion ($3.6 billion). This increase is above the targ
Danner Awarded Marine Boot Contact
The U.S. Marine Corps has awarded Danner Boots, a subsidiary of LaCrosse Footwear, Inc., with a five-year contract (one-year base period and four-option years) to produce between 500 and 40,000 boots over the life of the contract. The contract total is fo
Sara Lee Apparel Shrugs Off Sales Dip to Post Income Gains
For the fourth quarter of fiscal 2006, Sara Lee's soon-to-be-spun-off Branded Apparel division reported net sales of $1.13 billion, down 2% from last year. Operating segment income increased 57% in the fourth quarter to $98 million, compared to $62 m
Berkshire Hathaway Completes Russell Corp. Deal…
At a special stockholder’s meeting on August 1, shareholders of Russell Corp. approved of the acquisition that will see Russell become a subsidiary of Fruit of the Loom, Inc., itself a subsidiary of Berkshire Hathaway Inc. The $18.00 per share selling pri
Sara Lee Announces Date and Plans for Apparel Spin-Off
Sara Lee Corporation has finalized plans that will see its apparel division spun-off to create a stand-alone, publicly traded company called Hanesbrands Inc., whose shares are expected to begin trading on the New York Stock Exchange under the symbol “HBI,
Federated Comps Increase 3.3% in July
Federated Department Stores, Inc. total sales were $1.608 billion for the month of July, an increase of 61.3% compared to total sales of $998 million in the same period last year. On a same-store basis, Federated's sales for July were up 3.3%…
WSA Sees Growth in Athletic
The WSA Show opened its doors with the biggest show in the history of the event with 1.2 million square feet of exhibits, 250 new exhibitors and participation from 90 countries. WSA sold out all 225,000 square feet of available space in the athletic and o
