According to U.S. Commerce Department data, November retail sales in the GAFS category, which includes most general merchandise categories, increased 4.8% from the same period last year and rose 0.6% from October. Sales in the sporting goods, hobby, book
Author: James Hartford
Stamminger to Head adidas America; Moves Global Marketing to U.S.
adidas-Salomon AG is moving key global marketing functions and personnel to its American headquarters in Portland, OR. Erich Stamminger, Member of the Executive Board of adidas-Salomon responsible for Global Marketing, will assume additional responsibili
Puma Signs Deal with Formula One Team
PUMA AG and BMW WilliamsF1 Team have announced that they have signed a multi-year contract for PUMA AG to become the official supplier of footwear, teamwear and fireproof racewear to the BMW WilliamsF1 Team…
Specialized Recalls Mountain Bike Brake Rotors
Specialized Bicycle Components Inc. announced Wednesday a voluntary recall of its brake rotors for mountain bikes.
Company officials said during heavy braking, the brake tabs on the front forks could fail, possibly causing a loss of control and a fall fr
Ashworth Still Claims Top Spot in Golf Shirts; Callaway Share Doubles
Ashworth, Inc. reported that it is once again ranked by the Darrell Survey as the number one golf brand in shirt usage among golf consumers. This is the seventh consecutive year that Ashworth has been ranked number one, with a 12.6% market share of golf s
Spiegel Granted Additional Time to File Audited Financials
The Spiegel Group announced that the U.S. District Court in Chicago entered an Order on December 4, 2003, granting relief in response to the company's motion to modify the Amended Partial Final Judgment and Order of Permanent Injunction and Other Equ
Next, Inc. Inks Revised Financing Agreement
Next, Inc. has reached an agreement with LaSalle Business Credit, LLC, its primary lender, on a revised credit facility which waves the previously announced default under the original terms. Charles L. Thompson, CFO of Next, facilitated the waiver by volu
HH Brown Licenses Born Kid’s Footwear to Stride Rite
The Stride Rite Corporation announced a new licensing partnership with H.H. Brown Shoe Company, Inc. to develop, market and sell an exclusive line of children's footwear under the Born name. The license agreement, which will run through March 2007, c
Online Retail Come Into Its Own This Holiday Season
Online retailers are giving thanks for an increase in sales over Black Friday weekend, according to the findings of a new Shop.org/BizRate.com eHoliday Mood Study. The second installment of the study found that more than half of retailers saw sales incre
Martin Resigns CFO Post at Russell Corp.
Russell Corporation announced that Robert D. Martin, senior vice president and chief financial officer, will leave the company effective December 31, 2003. Eric N. Hoyle, Russell's CFO from 1998 to 2000, will assume responsibility as interim chief fi
adidas Sees Shift in Legal Department, Executive Board
Manfred Ihle, member of the adidas-Salomon Executive Board, responsible for legal and environmental affairs, will leave the Executive Board of adidas-Salomon AG effective June 30th, 2004 to commence retirement. From July 1st, 2004 the Global Legal Departm
Gildan Fiscal Q4 Earnings Up 1.0% on 5.7% Sales Decline
Gildan Activewear Inc. reported net earnings of $19.8 million, or C$0.66 per diluted share, in the fourth fiscal quarter ended October 5, 2003, compared with C$19.6 million or C$0.66 per diluted share in Q4 2002. Sales in the quarter were C$150.8 million
Gildan Plans New Offshore Integrated Manufacturing Hub
Gildan Activewear Inc. has announced that it has purchased an 18 million square foot tract of land in the Dominican Republic and that it plans to construct a state-of-the-art knitting, bleaching and cutting facility on this site. The
land purchased by Gil
The Buckle Sees November Comps Increase 5.4%
The Buckle, Inc. announced that sales for the four-week period ended November 29, 2003 increased 10.1% to $38.5 million from sales of $35.0 million in the corresponding four-week period ended November 30, 2002. Comparable store sales increased 5.4% for t
Shoe Carnival November Comps Fall 7.8%; Warns on Q4
Shoe Carnival, Inc. reported sales for the four-week period ended November 29, 2003 increased 2.3% to $43.4 million from sales of $42.4 million for the four-week period ended November 30, 2002. Comparable store sales decreased 7.8% for the month. the com
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