Saucony, Inc. reported that net income for the second quarter ended July 2, 2004 increased 36% to $3.0 million, compared to $2.2 million in the second quarter of 2003. Net sales for the second quarter increased 28%, to $44.0 million, compared to $34.5 mi
Author: James Hartford
Drapeau Falls on Titanium Sword; Resigns Callaway Post
Callaway Golf Company on Monday announced the resignation of Ronald A. Drapeau as chairman and CEO of the company. Effective immediately, William C. Baker, Callaway Golf's longest-tenured member of the Board, will assume the COB and interim CEO role
O’Neill Signs On as Sponsor of Vans Triple Crown of Surfing
O'Neill, Inc. has signed on as title sponsor of the O'Neill World Cup of Surfing, the second stop of the Vans Triple Crown of Surfing®, at Oahu's Sunset Beach for the next three years…
O’Keefe Takes President Reins at Mountainsmith
Greg Thomsen, general manager of Pacifica, LTD, parent company of Mountainsmith and 105 Meridien, announced Monday the appointment of Geoff O'Keeffe as president of both divisions. Geoff will be responsible for all consumer products under the Mountai
Hot Tuna to be Re-Launched in U.S. Under New License
Hot Tuna USA, LLC, has acquired the master license and will re-launch the legendary Australian surf brand
Hot Tuna in North America for Spring 2005. Hot Tuna USA acquired the license in May 2004 and will retain the license for 20 years distributing the l
NSGA: Department Stores Taking Fitness Equipment Share
Department stores – most notably Sears – have increased their share of sales of the three most popular pieces of home exercise equipment, especially treadmills. An analysis of data contained in NSGA’s “Sporting Goods Market” reports shows department store
Everlast Expands Russia License; Adds Apparel
Everlast Worldwide Inc. has signed another licensing agreement with Sparta Ltd., a sporting goods and apparel manufacturer and distributor based in St. Petersburg, Russia. Sparta will expand its Everlast products to include men's, women's, and
Sporting Goods Drives Escalade Q2 Sales Gain
Escalade, Inc. reported that second quarter net sales of Escalade Sports' sporting good products rose 15.9% to $30.6 million, reflecting the inclusion of the Bear Archery acquisition for the full quarter and the “return to more normal shipping patter
Russell Corp. Organic Sales Up 3%; Earnings Up 52%
Russell Corporation reported fiscal 2004 second quarter earnings of $10.2 million, or 31 cents per diluted share, versus earnings of $6.7 million, or 20 cents per diluted share, in Q2 2003. Excluding the 8.5 cents gain from the sale of its interest in Ma
Brunswick Ups Guidance After Stellar Q2 Report
Brunswick Corporation reported that net earnings increased 68.0% to $90.1 million, or 93 cents per diluted share, for the second quarter, compared with net earnings of $53.6 million, or 59 cents per diluted share, for the year-ago quarter. Net sales incr
Target Corp. Sells Mervyn’s to Investment Group
Target Corporation has reached definitive agreements to sell its Mervyn's business unit to an investment consortium for approximately $1.65 billion in cash. In 2003, Mervyn's generated $3.6 billion in revenue and $160 million in pretax segment
Foot Locker Added to SandP MidCap 400 Index
Foot Locker Inc. will be added to the S&P MidCap 400 after the close of trading on Friday, July 30. Foot Locker will replace Oxford Health Plans Inc., which was removed from the Index after the close of trading on July 29. Oxford Health Plans is being acq
K-Swiss Sees Q2 Sales Decrease but Beats Earnings Estimate
K-Swiss reported that total worldwide revenues decreased 3.3% to $107.9 million for the second quarter of 2004 compared with $111.6 million in the prior-year period. Domestic revenues decreased 9.7% to $88.5 million in the Q2 and international revenues in
Camelbak Names Mahoney SVP of Operations
CamelBak Products, LLC has appointed Jim Mahoney as Senior Vice President of Operations. Mahoney will be responsible for all activities related to the flow of CamelBak products from manufacturing through distribution.
Mahoney moves to CamelBak from Missi
Sport Chalet Swings to Q1 Profit on 6.1% Comp Gain; Acquires Bassco SG
Sport Chalet, Inc. announced that sales for its first quarter ended June 30, 2004 increased 15.4% to $61.5 million , from $53.3 million for the quarter ended June 30, 2003. Same-store sales increased 6.1% for the period.
SPCH posted net income of $245,0