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
Author: James Hartford
Reebok Establishes Soccer Beachhead in Mexico
Reebok and Sport Club Guadalajara have inked a strategic partnership between the global sports brand and Mexican soccer team Chivas Rayadas that will commnce in July 2004. Under the terms of this strategic alliance, Reebok will provide head-to-toe uniform
Puma Continues Rally with 65% Q1 Earnings Growth
PUMA AG has kicked off another strong year, posting a consolidated net sales increase of 29.3% to €443.8 million ($554.4 mm) versus €343.2 million ($368.2 mm) last year. On a currency-neutral basis, sales were up 33.2%. Net earnings were up 64.6% to €80.4
Reebok to Issue $300 Million in New Debt
Reebok International Ltd. intends, subject to market and other conditions, to sell through a private offering up to $300 million of convertible debentures due 2024. The company will grant to the initial purchasers an option to purchase up to an additional
Pacific Sunwear Hires New Sourcing Chief
Pacific Sunwear of California, Inc. has hired C. Joseph Harris to the position of Vice President of Sourcing and Production. Mr. Harris will be responsible for the sourcing and production of all private label merchandise for PacSun and d.e.m.o., which acc
PUMA Launching Bodywear Line in U.S.
PUMA North America has launched of a new collection of bodywear designed and manufactured by Schiesser Lifestyle to be sold through their exclusive U.S. distributor, United Legwear & Bodywear…
Golf Galaxy Launches Interactive Web Site
Golf Galaxy, the interactive golf superstore has launched its e-commerce web site at www.golfgalaxy.com. The interactive online store provides Golf Galaxy customers access to the same superstore selection and prici
Urban Outfitters Ups Guidance; EPS Will Double
Urban Outfitters, Inc., which operates retail stores under the Anthropologie, Urban Outfitters and Free People brands, said that quarter-to-date comparable store sales continue to significantly exceed the sales plan set at the beginning of the year. Q1 C
Gander Mountain Closes IPO; Appoints New Baord
Gander Mountain Company closed its initial public offering of 6,583,750 shares of its common stock at a price of $16.00 per share, including the underwriters' over-allotment option. Under terms of the original filing, a number of Erickson family mem
GSI Commerce Hires Human Resources Chief
GSI Commerce, Inc. has hired James Flanagan, 43, to the newly created post of senior vice president of Human Resources. Flanagan, an HR executive with more than 18 years' experience, will report to Michael Rubin, chairman and CEO of the company…
Acushnet Q1 Operating Profit Jumps 56% on 20% Sales Gain
Fortune Brands, Inc. reported net income for the first quarter increased 40% to $139.7 million, while diluted earnings per share rose 39% to 92 cents, from 66 cents a year ago. Net sales were up 23% to $1.7 billion, with the Acushnet Golf division, which
Skechers Q1 Net Income Off 17.6%, But Still Beats Street
Skeckers USA, Inc. reported that net sales for the first quarter of 2004 rose 6.2 percent to $221.5 million compared to $208.6 million in the first quarter of 2003. Net earnings for the quarter were $7.0 million, or 18 cents per diluted share, versus net
Callaway Q1 Net Declines on Top-Flite Integration
Callaway Golf Company reported that consolidated net sales for the first quarter were $363.8 million, which included $297.3 million from core Callaway Golf and Odyssey branded products, an increase of 9.4% for these products over the first quarter of 2003
Coastcast Swings to Q1 Profit on 53% Sales Increase
Coastcast Corporation reported net sales for the first quarter of 2004 were $16.4 million vs. $10.7 million in the year-ago period. Net income was $671,000, or 9 cents per diluted share, in Q1 2004 vs. a loss of $2.7 million, or 36 cents per diluted shar
CLC Releases YTD School and Licensee Rankings
The Collegiate Licensing Company (CLC) announced the top-selling CLC member institutions and manufacturers for the fiscal year-to-date period July 1, 2003, through March 31, 2004. The top five schools, in ranked order were Michigan, North Carolina, Notre
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