Yue Yuen Industrial (Holdings) Limited acquired a 30% stake in accessory manufacturer Prosperous Industrial (Holdings) Limited (PIHL) for US$20 million with the option for the Group to acquire an additional 10% stake in PIHL. The PIHL group, which makes
Author: James Hartford
Perry Ellis Net Jumps 46% as Core Sales Grow 21%
Perry Ellis International, Inc. reported record total revenue for the first quarter ended April 30, 2004 of $197 million, an increase of 82% over the $108 million reported for the same period last year. Approximately $23 million of the increase in revenu
Sport-Haley Fiscal Q3 Loss Widens on Charges
Sport-Haley, Inc. reported that net sales for the fiscal third quarter ended March 31, 2004 declined 2.5% to $5.4 million from net sales of $5.5 million for the same quarter in the prior fiscal year. SPOR said Q3 sales were impacted by an accounting chan
Schutt Hires Softball Promotions Manager
Schutt Sports has hired of Dianne Baker as National Promotions Manager, Softball. Dianne brings over 29 years of softball coaching experience to Schutt, most recently as head coach at Texas Woman’s University. Baker has been a part of the Schutt team in
Rawlings Adds Zumbach as VP Marketing
Rawlings Sporting Goods Company Inc. and Worth Sports, both divisions of K2 Inc., have hired David Zumbach as Vice President of Marketing. Zumbach has nearly twenty years of experience in the sporting goods industry with companies such as Nike, Reebok an
Epstein Sentenced in Just for Feet Fraud Case
United States Attorney Alice H. Martin of the Northern District of Alabama announced Friday that Jonathan G. Epstein, former President and CEO of Fila USA, an athletic footwear and apparel company was sentenced by United States District Judge Karon O. Bow
Galyans Widens Q1 Loss on Weaker Comps; Mang Exit Cost a Nickel a Share
Galyans reported a net loss of $4.5 million, or a loss of 26 cents per diluted share, for the first quarter of fiscal 2004, compared to a net loss of $2.6 million, or 15 cents per diluted share, in Q1 last year. The first quarter of fiscal 2004 included
Hibbett Q1 Net Income Jumps 53.4% on 8.8% Comp Sales Gain
Hibbett Sporting Goods reported that net sales for the first quarter ended May 1, 2004 increased 21.3% to $96.5 million compared with $79.6 million for the year-ago period. Comparable store sales increased 8.8%. Net income increased 53.4% to $8.1 millio
Torpedo Sports to Liquidate Subsidiary
Torpedo Sports USA, Inc. has evaluated the future business prospects for its children's snow products and related business conducted by its wholly owned subsidiary, Torpedo Sports, Inc. of Canada, as previously announced on February 4, 2004. Followi
Big Dog Holdings Q1 Loss Widens on Acquisition Expenses
Big Dog Holdings, Inc. reported consolidated net sales for the first quarter ended March 31, 2004 were $21.9 million as compared with $15.4 million in the first quarter 2003. Consolidated retail store sales increased 43% due to the addition of $5.3 millio
The Finish Line Issues Statement After Foot Locker CEO Makes Charge
The Finish Line, Inc. issued a press release late Thursday in response to comments made by Foot Locker chairman and CEO Matt Serra on a conference call with analysts following FL's Q1 earnings release. Finish Line said they issued the statement due
Columbia Appoints New Legal Chief
Columbia Sportswear announced that, effective July 15, 2004, Carl Davis, VP/General Counsel, will be leaving that position and assuming the new position of VP of Governmental Affairs. Davis will work part-time as he transitions toward full retirement. Pe
Foot Locker Q1 Net Income Up 20.5% on Small Comp Gain
Foot Locker, Inc. reported that income from continuing operations for the first quarter ended May 1, 2004 increased 20.5% to $47 million, or 31 cents per share, compared with $39 million, or 27 cents, in Q1 last year. EPS rose 14.8%. Net sales increased
SGMA: Apparel Sales Down on Declining Prices
Consumer spending for sports apparel declined 2.1% in 2003 to $37.0 billion, according to research by The NPD Group, but other signs indicate that consumer enthusiasm for casual, sporty clothing is on the increase. Consumers actually purchased 3% more it
Sporting Goods Industry Lobbies Congress for P.E. Support
A plethora of sporting goods industry executives plus a number of sports superstars arrived on Capitol Hill to help fight childhood obesity. These champions of sport brought a message: ‘There’s an overwhelming need for daily P.E. in our schools, which wil
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