West Coast Novelty Corp. is pleased to announce that Larry Burstein, CEO of the Frank Sussman Company, and Evan Burstein, National Sales Manager of the Frank Sussman Company, have joined the WCN management team. Larry Burstein will act in the capacity of
Author: James Hartford
Wanted: New Owner for Yet Another Venerable Sporting Goods Brand
Huffy Corporation has retained Lazard Freres & Co. LLC to advise the company on financing and strategic alternatives, “including the sale of the Company or of product segments within the Company”. With higher than anticipated costs associated with the re
Soffe Margins Fuel 153% Fiscal Q3 Net Income Gain at Delta Apparel
Delta Apparel, Inc. reported that sales for the fiscal third quarter ended March 27, 2004 increased 73.6% from the prior year quarter, due primarily to the acquisition of M. J. Soffe Co. Soffe sales increased 4.8% to $22.6 million in fiscal Q3, a record
Russell Q1 Earnings Fall 85% on Heavy Closeouts, LIFO Impact
Russell Corporation reported fiscal 2004 first quarter net sales of $251.8 million, a 10% increase over the comparable period last year. The Spalding and Bike acquisitions accounted for $22.7 million of the increase. The base Russell business was flat ve
Big 5 Doubles Q1 Net Income on 5.2% Comp Sales Gain
Big 5 Sporting Goods Corporation reported that net sales for the fiscal first quarter ended March 28, 2004 increased 10.0% to $181.0 million from $164.5 million in the first quarter of 2003. Same-store sales increased 5.2%. Net income increased to $6.8
Nautilus Q1 Net Income Shrinks; Lowers Q2 Forecast
The Nautilus Group, Inc. reported that net sales for the first quarter ended March 31, 2004 were $130.9 million compared to $129.4 million for the corresponding period last year. Net income during the period was $6.4 million, or 19 cents per diluted shar
Russell Corp. Inks Deal with Two HBC Conferences
Russell Corporation has signed agreements with two Historically Black Conferences that will serve as the basis for a first-of-its kind alliance with the 21 schools represented. The company will supply athletic apparel, team uniforms, balls and sports equi
Escalade in 2 for 1 Common Stock Split
The Escalade, Inc. Board of Directors has approved a two-for-one split on Escalade common stock. As a result of the stock split, shareholders will receive one additional common share for every share held on the record date of May 11, 2004…
Amer Group Sees Breakthrough Quarter; Posts Gains in Most Divisions
Amer Group’s net sales were €293.4 million ($366.5 mm) for the 2004 first quarter, a 4.3% increase from Q1 2003 sales of €281.2 million ($301.7 mm). EBIT increased 126.7% to €46.7 million ($58.3 mm) from €20.6 million ($22.1 mm) in the year-ago period.
Saucony U.S. Sales Drives Q1 Increase; Profits Up 63%
Saucony, Inc. reported that net income increased 63% to $4.2 million in the first quarter of 2004, compared to $2.6 million in the year-ago period. Diluted earnings per share increased to 58 cents per Class A share and 64 cents per Class B share, compared
GSI Commerce Narrows Q1 Loss on Continued Sales Gains
GSI Commerce Inc. narrowed its net loss for the fiscal first quarter ended April 3, 2004 to $4.0 million, or 10 cents per share, an improvement of $1.5 million, or 4 cents per share, compared to last year's first fiscal quarter. Net revenues were $6
Aldila Swings to Q1 Profit on 50% Sales Increase
Aldila, Inc. reported net sales of $15.3 million and net income of $2.3 million, or 46 cents per share, for the three months ended March 31, 2004. In the comparable 2003 first quarter, ALDA had net sales of $10.2 million and a net loss of $169,000, or thr
Sportsman’s Guide Again Points to Internet Sales for Profit Gains
The Sportsman's Guide, Inc. reported that sales for the first quarter were $44.6 million compared to the $43.7 million reported for the same period one year ago. The SGDE reported net earnings of $1.2 million, or 22 cents per fully diluted share, fo
VF Corp. to Buy Vans in $396 Million Deal
VF Corporation has signed a definitive merger agreement to acquire Vans, Inc. Vans' sales in fiscal 2003 were $330 million, and the company has indicated that it expects sales of approximately $346 to $349 million in fiscal 2004, which ends May 31.
Cutter and Buck Director Resigns; Bourgeois Exits
Cutter & Buck Inc. has announced the resignation of Mike Brownfield from the company's board of directors. In a letter to Cutter & Buck CEO Fran Conley, Brownfield cited the demands of his work schedule and Board and Committee related travel requirem
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