Hibbett Sporting Goods, Inc. has announced that several members of its management team have taken new roles in the Company. Mark Dobbins has been promoted to Vice President of Footwear and Jared Briskin was named Vice President of Apparel and Equipment.
Author: James Hartford
U.S. Commerce Dept. Figures Confirm May Strength at Retail
U.S. Commerce Department figures reported Monday show that May retail sales in the GAFS category, which include most general merchandise categories, rose 5.9% over last year and increased 0.8% adjusted over April. GAFS sales rose 10.0% in the first quar
VF Corp. Acquires Kipling; Adds to ODC Portfolio
VF Corporation has acquired substantially all of the assets of Antwerp-based Kipling Belgium NV, a maker of upscale bags, packs and accessories primarily for women. Terms were not disclosed. Kipling, which is expected to contribute approximately $40 mill
Russell Corp. Acquires American Athletic
Russell Corporation has signed a contract to acquire the assets of American Athletic, Inc. (AAI) for $13 million. AAI's sales for 2004 are projected to be approximately $20 to $22 million and it is anticipated the acquisition will have no significant
Callaway Cuts 2004 Guidance on Weaker Sales Outlook
Callaway Golf Company is reducing its revenue and earnings guidance in light of weakening sales trends. Key factors causing the lowered expectations include the underperformance at retail of its titanium driver models, a continuing decline in business in
Phoenix to Acquire Military Boot Maker
Phoenix Footwear Group, Inc. has entered into a definitive agreement to purchase Altama Delta Corporation, which makes high performance combat and tactical boots for U.S. and foreign militaries, government agencies and the commercial sector. PXG will pay
Phoenix Footwear Group Appoints White to CEO Post
Phoenix Footwear Group, Inc. has appointed Richard E. White as Chief Executive Officer of the company. Mr. White has been a member of Company's Board of Directors since May 2004. James Riedman, formerly Chairman and CEO, will retain the title of Cha
Phoenix Footwear to Float Additional Shares
Phoenix Footwear Group, Inc. intends to increase the size of its proposed registered follow-on public offering of common stock to approximately 2,500,000 shares. In addition, the Company expects to grant the underwriters an over-allotment option to purch
China Quota Expiration Causing Outcry; U.S. Consumer Apathetic
The expiration of apparel quotas for WTO member countries — notably China — at the end of this year is prompting an outcry by members of Congress and a new international coalition of textile and apparel industries and labor associations from 45 countrie
Currier New GM at Carrera Sports USA
Carrera Sports USA has hired David Currier as its new General Manager, effective immediately. Currier’s will oversee all aspects of Carrera’s day-to-day functions and long-term goals, including sales, product, marketing, employee management and coordinate
Forde Assumes VP Sales Slot at Converse
Converse, Inc., has appointed Brian J. Forde to the position of Vice President of U.S. Footwear Sales. Forde most recently held the position of U.S. Eastern Region Footwear Sales Manager at Nike. Forde is responsible for the management of the Converse s
Clif Bar Names O’Loughlin as New CEO
Sheryl O'Loughlin has been named CEO of Clif Bar Inc., the first time the privately-held energy and nutrition foods company has had a CEO outside of the original founder. O'Loughlin joined Clif Bar Inc. in 1998 and most recently served as exec
Quiksilver Fiscal Q2 Net Up 23%; Raises Guidance
Quiksilver, Inc. reported that consolidated revenues for the second quarter ended April 30, 2004 increased 23% to $322.6 million from $262.2 million inthe year-ago period. Consolidated net income increased 23% to $27.8 million, or 47 cents per diluted sha
Teva Makes Custom Sandals for Elephant
Deckers' Teva unit is designing a new line of shoes made especially for elephants. The Elephant Sanctuary in Tennessee recently contacted Barry McGeough, Teva's Senior Director of Product and Resource, and asked if they would create a pair of sh
Brockway Moran to Sell Gold’s Gym
Brockway Moran & Partners, Inc., a Florida-based private equity firm, has signed a definitive agreement to sell Gold's Gym International, Inc. to a group led by TRT Holdings, Inc., a privately-owned, diversified holding company whose assets include t
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