Puma AG reported that Q4 consolidated sales increased by 27.1% to €227.7 million ($271.1 mm), or up 35.4% on a currency neutral basis. Apparel recorded a growth rate of 17.6% reaching €68.8 million ($81.9 mm), or up 26.4% currency adjusted. Footwear sales
Author: James Hartford
Cerberus to Acquire Guilford Mills in $107mm Deal
Guilford Mills, Inc. has entered into a definitive agreement for an affiliate of Cerberus Capital Management an investment firm based in New York, to acquire Guilford Mills in a cash tender offer. The terms of the agreement provide that Cerberus will comm
Deckers Announces Stock Sale Plan
Deckers Outdoor Corporation announced that it intends to file a registration statement with the SEC for an underwritten offering of approximately 3.5 million shares of its common stock. The shares expected to be sold in the offering will include approxima
Deckers Q4 Net Income Jumps 81% on 39% Sales Increase
Deckers Outdoor Corporation net sales increased 39% to a record of $35.7 million for the 2003 fourth quarter versus $25.8 million in the same period last year. Net earnings for the quarter rose 81% to $2,464,000, compared to net earnings of $1,363,000 las
Back to Back LLC Gets Master License for Kappa
BASICNET S.p.A has executed a Master License Agreement with Back to Back, LLC of New York to distribute KAPPA and ROBE DI KAPPA trademark products in the U.S. The agreement will run for an initial period of 5 years with options to renew for two additiona
Don Ruttenberg to Plead Guilty in JFF Fraud Probe
Don-Allen Ruttenberg, former executive vice president of Just For Feet, Inc. (JFF), has been charged with conspiracy to commit securities fraud, wire fraud, and submitting false statements to the auditors of JFF. Ruttenberg has agreed to plead guilty to
Quiksilver Prevails in Kymsta Trademark Suit
Quiksilver, Inc. has prevailed in its Federal court case against Kymsta Corp. and their claims against Quiksilver and its Roxy trademark. Among other elements, the final judgment also directs Kymsta to refrain from producing any product that is “confusin
Rocky Q4 Net Income Up 34% on 14% Sales Increase
Rocky Shoes & Boots, Inc. reported that net income for the 2003 fourth quarter increased 34.1% to a record $2.1 million, or 44 cents per diluted share, compared to $1.6 million, or 34 cents per diluted share, in the year-ago quarter. Net sales increased 1
Brown Shoe 2003 EPS Flat on 0.5% Sales Decline
Brown Shoe Company, Inc. reported net earnings for full year 2003 were $46.9 million, or $2.52 per diluted share, versus $45.2 million, or $2.52 per diluted share, in fiscal 2002. Excluding all special charges and recoveries for both years, net earnings
TJX 2003 Net Income Up 14% on 1% Comp Store Gain
The TJX Companies, Inc. announced diluted earnings per share for the 53-week fiscal year increased to $1.28, a 19% increase over $1.08 per share in the prior 52-week fiscal year. Net income was $658 million, a 14% increase over the $578 million reached la
Head Q4 Net Income Plunges 77% Despite 19% Sales Gain
Head N.V. reported that net revenues for the fourth quarter increased 19.2% to $161.8 million from $131.8 million in the year-ago period. Net income plunged 76.7% to $1.9 million from $8.4 million in Q4 2002. Net revenues for the year increased 11.3% to
Phoenix Footwear May File Secondary Offering
Phoenix Footwear Group, Inc. announced that it may file a registration statement with the Securities and Exchange Commission by the end of the second quarter of 2004 for a proposed follow-on offering that the Company anticipates will include newly issued
O’Neill Clothing Posts 28% Sales Increase in 2003
O'Neill Clothing has announced record sales for the year ending Dec. 31, 2003. Junior's and accessories sales were up 35% and 93% respectively, while the company enjoyed an overall sales increase of 28%. Since 1997, O'Neill Clothing has p
SGMA: U.S. Sporting Goods Exports Resume Growth
When it comes to “Made in the USA” sports products, overseas markets are most interested in golf gear, exercise machines, gymnastics equipment, athletic footwear and fishing tackle. Those are the finding of SGMA International’s most recent exports study.
Schutt to Distribute Impact’s Shoulder Pads
Schutt Sports will serve as the exclusive sales representative for Impact Protective Equipment's new football shoulder pad. The shoulder pad, worn last season by leading NFL athletes, will be marketed by Schutt to high school and college teams…
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