Genesco Inc. and Hat World Corporation they have signed a definitive agreement whereby Genesco will acquire Hat World, a leading specialty retailer of licensed and branded headwear. The total purchase price for Hat World will be $165 million, subject to a
Author: James Hartford
Hibbett Posts 8.3% Comp Store Sales Gain for Q4
Hibbett Sporting Goods, Inc. reported net sales for the 13-week period ended January 31, 2004 increased 20.8% to $91.2 million, a new Company record, compared with $75.5 million for the 13-week period ended February 1, 2003. Comparable store sales for the
Rocky Expects to Meet 2003 Earnings Guidance as Sales Jump 19.1%
Rocky Shoes & Boots, Inc. reported record net sales of approximately $29 million for the fourth quarter of 2003 compared to $25.6 million the prior year. As a result, the unaudited net sales for the twelve months ended December 31, 2003 are approximately
Gander Mountain Files Papers to Go Public
Gander Mountain on Thursday filed its S-1 with the U.S. Securities and Exchange Commission for an Initial Public Offering. The IPO, which is expected to raise $86.25 million for the Outdoor superstore chain, has been widely expected for some time to suppo
Wolverine Q4 Net Income Up 9.5% on 8.2% Sales Increase
Wolverine World Wide, Inc. reported record earnings for its fourth quarter and 2003 fiscal year, marking its third consecutive year of record results. The Company achieved record revenue totaling $888.9 million for its 2003
fiscal year ended on January 3
Martin Coles Resigns as President of Reebok Brand
Jay Margolis, president and COO of Reebok International Ltd., has assumed the daily responsibilities of leading the Reebok brand following the resignation of Martin Coles, presindent of the Reebok Brand, who cited personal reasons for his decision. As a r
Sports Watches Rack up $1.7 Billion in Sales in 2003
According to The U.S. Market for Watches and Clocks, a new study by market research publisher Packaged Facts, the sports watch market grew to $1.7 billion in sales in 2003 and is projected to reach $2 billion by 2008…
Nautilus Doubles Warranty Period on Bowflex Machines
The Nautilus Group, Inc. reported Wednesday that it is taking the unrivaled step of doubling the five-year warranty period on its line of popular Bowflex Power Pro resistance exercise equipment to a full ten years…
Bill Dodge Appointed Marketing Manager for Dunham
Dunham has announced that Bill Dodge will assume the role of Marketing Manager for the brand. In this new role, Dodge will be responsible for all aspects of the Dunham product development team including product marketing, research and development, and des
Collective Finalizes Airwalk Licensing Deal with BBC
Collective Licensing International, LLC, owner of the Airwalk brand, recently announced that the company has entered into a licensing agreement with BBC International to license the Airwalk brand for the United States and Mexico…
Huffy in Ball Deal with New Indoor Soccer League
Huffy Sports Company recently signed a four-year deal with the National Soccer League, a professional, indoor soccer league beginning play in June 2006, to become the official game-day ball provider. Under terms of the agreement, Huffy Sports will also p
True Temper Sold to Gilbert Equity Partners
Cornerstone Equity Investors has signed an agreement to sell its investment in True Temper Corporation to management, and Gilbert Global Equity Partners and related entities. The specific terms of the agreement were not disclosed; however, the deal is exp
Brown Show Reaffirms 2003 Estimates; Guides for ’04 and ’05
Brown Shoe Company, Inc. has reaffirmed that it remains comfortable with its previous guidance for Fiscal 2003 ended January 31, 2004 diluted earnings per share. BWS also estimates diluted earnings per share for Fiscal 2004 of $3.15, and first quarter 20
Timberland Q4 Net Income Jumps 46% on Strong Global Growth
The Timberland Company reported fourth quarter net income of $39.5 million, or $1.10 per per diluted share, compared with net income of $27.1 million, 73 cents per per diluted share, in the year-ago quarter 2002. Fourth quarter revenue increased 16.4% to
JFF Probe Claims Two More Industry Execs…
Tom Shine, currenly Reebok’s SVP for Sports Marketing, is the latest to plead guilty in the federal probe of Just for Feet. The incident occurred when Shine was president of Logo Athletic, which was acquired by Reebok in 2001 and became its On-Field divi