Gen-X Sports Inc., a wholly owned subsidiary of The Forzani Group Ltd. has acquired the North American rights to the licensed trademark of “Savier”. Savier is an authentic skate shoe brand that is owned by a wholly owned subsidiary of Nike Inc…
Author: James Hartford
Delta Exec Named President at MJ Soffe
Ken Spires has been appointed president of the M. J. Soffe Co., effective immediately. Spires, who is currently VP of Technical Services for Delta Apparel, Soffe's parent company, will report to Jim Soffe, CEO of M. J. Soffe. Joe Cimaglia, Ray Ed
Cutter and Buck Named Top 40 Supplier to Corporate America
Cutter & Buck Inc. has been named as a “Top 40 Supplier” for 2003 by the leading trade publication for the ad specialty industry. In an awards ceremony earlier this month in Chicago, Cutter & Buck was formally presented with an award marking this prestigi
NYSE Suspends Trading in Huffy Corp.; Will De-List
Huffy Corporation confirmed Monday that the New York Stock Exchange has determined that trading of Huffy Corporation common stock should be suspended immediately and that the NYSE will take steps to remove Huffy as a listed company on the NYSE…
Johnson Outdoors and Thule in Partnership Deal
Johnson Outdoors and Thule, Inc. announced a new strategic alliance aimed at growing excitement and participation among watersports' consumers, and driving more sales for outdoor products retailers. The alliance is designed to benefit the marketplace
Huffy Names COO; Will Revise Q1 Results and Report Loss
The Huffy Corporation Board of Directors has elected John A. “Jay” Muskovich as Chief Operating Officer of the company. Muskovich was the president and CEO of DoubleSights Displays, LLC until its sale. HUF also announced that it anticipates that it will
Head Q2 Bottom Line Takes Tax Hit; Sales Up 5.1%
Head N.V. reported that net revenues for the second quarter increased by 5.1% to $83.2 million from $79.2 million in the year-ago period. The net loss for the period widened 244% to $30.7 million versus a net loss of $8.9 million in Q2 last year, due pri
Shoe Carnival Q2 Net Up 26% Despite 3.7% Comp Decline
Shoe Carnival, Inc. reported that net income for the second quarter of fiscal 2004 increased 26.2% to $1.9 million, or 15 cents per diluted share, compared with net income of $1.5 million, or 12 cents per dilted share, in the second quarter of fiscal 2003
The Buckle Sees Q2 Profits Jump 49% on 5.8% Comp Sales Gain
The Buckle, Inc. reported net income for the second quarter of fiscal 2004 increased 48.9% to $5.3 million, or 24 cents per diluted share, compared with $3.6 million, or 17 cents per diluted share, for the second quarter of 2003. Net sales for the period
Callaway Picks Up $2.2 Million Verdict in Dunlop Action
A jury in Wilmington, DE on Thursday returned a verdict of $2.2 million in favor of Callaway Golf Company and against Dunlop Slazenger Group Americas Inc. based on a finding that Dunlop willfully engaged in false advertising when it claimed in 2001 and 20
Mossimo Q2 EPS Cut in Half on Softer Retail Sales
Mossimo, Inc. reported second quarter 2004 net revenues of $6.0 million compared to $6.9 million for the same period last year. MOSS reported net earnings of $1.0 million , or six cents per diluted share, in Q2, compared to net earnings of $1.8 million, o
Bell Sports Acquired by Riddell Parent; Fry to Run Merged Company
Private Equity firm Fenway Partners, Inc. will acquire Bell Sports, owner of the Bell and Giro helmet brands, essentially forming the world’s largest protective headgear and related accessories company, for approximately $240 million. Fenway, which owns f
Amer Group Q2 Net Income Falls 49% on Golf Decline, Tobacco Sale
Amer Group’s consolidated net sales in second quarter declined 9.6% to EUR 225.7 million versus EUR 249.6 million in the year-ago period. Net sales declined due to the withdrawal from the tobacco business in March. Net income fell 48.9% to EUR 4.6 million
Nike Plays First Hand in Down Market Strategy; Acquires Starter
Nike, Inc. has acquired 100% of the equity shares of Official Starter Properties LLC and Official Starter LLC for a net purchase price of approximately $43 million. The entities are the sole owners and licensors of the Starter, Team Starter and Asphalt br
SGMA: U.S. Customs Encourages C-TPAT Verification Between Businesses
The U.S. Bureau of Customs and Border Protection has established the Status Verification Interface (“SVI”) in the Customs-Trade Partnership Against Terrorism (“CTPAT”) section of its internet website. The SVI will allow C-TPAT members to easily confirm wh
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